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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Since 2018, Millennials and Gen-Xs have seen the biggest gains in specialty food usage, making them key generations in this industry. Gen-Zs and Boomers haven't seen any growth since 2018, though Gen-Zs were already very likely SFCs, generationally. Boomers are an interesting generation to look at this year. Though they rank lowest in terms of specialty food purchase likelihood, in 2021 Boomer SFCs are often the most likely buyers across numerous categories. COVID is probably playing a role as Boomers may have been the most likely in the last year to take health precautions and eat at home more than others, even as restrictions loosened particularly in spring 2021. Some demographics saw gains, indicating specialty food's far reach beyond key audiences: • Ages 45-54s (+12pts) • Gen-Xs (+10pts) • Households earning less than $25K (+11pts) • Those with no high school degree (+15pts) *Annual survey dates: January 2018-20, July 2021 Source: SFA Likelihood of Specialty Food Purchase 60% 80% 81% 79% 79% 66% 76% 67% 84% 82% 65% 75% 70% 60% 69% 59% 80% 60% 40% 20% 0% Who Today's Specialty Food Consumers: They Are Gen-Zs Millennials 2018 2019 2020 2021 Baby Boomers Gen-Xs by Generation Core SFC at a Glance Based on major demographics, the core consumer of specialty food tends to be: • Male; though gender identity has become more fluid for a small segment of the population, survey results show men in a slight majority in purchase likelihood versus women (78 percent versus 67 percent). • Aged 35-54 (Millennials or Gen-Xs) • In households earning $75K+ • From the Pacific region of the U.S. • Those who hold a graduate degree • In households of three or more people; or those who are married • Those with children in the household (particularly kids aged 6-11) FALL 2021 41

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