Specialty Food Magazine

Fall 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.

Issue link: https://www.e-digitaleditions.com/i/1410941

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X Supermarkets' generation gap. Traditional supermarkets, long the top channel for specialty food sales, are experiencing a generation gap that could shift the market in time. While Boomers far and away prefer supermarkets to buy specialty food and beverages, the channel sees a significant drop with Gen-Xs, and gradually diminishes in popularity with younger generations. Convenience, discounters, clubs, and wine and liquor ventures are on the rise, a situation that will grow as more Gen-Zs reach adulthood. Supermarkets that flourish are likely those focused on convenience, local, and small formats. Generational messaging. Specialty brands should tailor and emphasize messaging to di€erent generations. Older generations want to hear more about products' quality ingredients, while younger generations resonate with new and interesting innovations. Choosing products with health in mind is universally important to all generations, even more so as a result of the pandemic. Impulsiveness lives. Specialty food makers and retailers shouldn't underestimate the "X" factor—impulse purchasing. Even in a year that severely impacted food discovery, with consumers reducing shopping trips, limiting browsing, and curtailing time to be curious, some 30 percent of SFCs made impulsive specialty purchases. Numbers have consistently risen over the last four years. New online audiences. The online grocery consumer landscape shifted in 2021 to bring in many more mature adults. Specialty brands must modify their marketing focus online beyond Gen-Zs and Millennials. Gen-Xs are a generation to focus on. They upped their online orders significantly during COVID, and likely have the greatest need for online ordering over the next year. Diversity and sustainability support. Younger consumers care deeply about products from diverse suppliers, including women-, BIPOC-, LGBTQ- , veteran, and disabled-owned businesses, as well as those that are better for the environment (sustainable, upcycled, etc.), and they show it with their food dollars. OK Boomers! Boomers' buy-in has been strong during the last two years. While it's true that they're less likely than others to be SFCs, when they do engage, they're among the most likely to buy given categories at least occasionally. Targeting Boomers is an under-tapped opportunity for specialty companies, with so much emphasis often placed on young generations. 3. GEN 1. 2. 4. 6. 5. G R O C E R Y Takeaways and Insights Insights Order HEALTHY QUALITY NEW! BUY THIS! 46 SPECIALTY FOOD SPECIALTYFOOD.COM

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