Specialty Food Magazine

Spring-2021

Specialty Food Magazine is the leading publication for retailers, manufacturers and foodservice professionals in the specialty food trade. It provides news, trends and business-building insights that help readers keep their businesses competitive.

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B reakfast, lunch, dinner, and snacks prepared largely at home over the past 13 months have had consumers reaching for products to help change up recipes and avoid boredom. "We've seen a reinvigoration of the pantry for people who didn't see it as a life saver before," says Kara Nielsen, director of food & drink at WGSN, a global trend forecasting firm. Like many pantry items, shelf-stable condiments, dressings, and marinades have been go-tos during COVID-related sheltering at home, boosting sales in the mature category. But global flavors and healthful attributes are as important to consumers as convenience. Sales Stats and Outlook Sales of specialty shelf-stable condiments, dressings, and marinades hit $2.2 billion in 2019, a 9.6 percent increase over 2017, making it one of only 12 categories with sales in excess of $2 billion, according to the Specialty Food Association's State of the Specialty Food Industry research, 2020-2021 edition. Specialty sales comprise a quarter of sales in the total condiments, dressings, and marinades category. Along with other center store grocery categories, shelf-stable condiments, dressings, and marinades got an above-average sales lift during spring 2020's first COVID-19 surge, growing 34 percent in March-April 2020 alone. Overall, from January-April 2020 the category grew 19.9 percent versus a year prior, about the same rate as all shelf- stable condiments, dressings, and marinades. Market researcher Mintel, which partnered with SFA on the 2020-2021 State of the Industry research, expects growth to continue. Mintel forecasts category sales to hit $2.9 billion by 2024, 5.7 percent growth from 2020, versus 3.9 percent growth in the previous five years (2015-2019). Category Drivers While at-home cooking is the overarching trend driving the category, several specific subtrends position condiments, dressings, and marinades as favorite cooking aides. The SFA's Trendspotter Panel, a group of retailers, chefs, foodservice professionals, market researchers, journalists, food educators, and other industry professionals, identified many of these related trends in its 2021 predictions, and also noticed them going strong at the Association's Specialty Food LIVE! virtual marketplace event held in January. These subtrends include: 32 SPECIALTY FOOD SPECIALTYFOOD.COM CATEGORY SPOTLIGHT Terrapin Ridge Farms Raspberry Wasabi Mustard

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