Specialty Food Magazine

Spring 2022

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/1463011

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Page 46 of 46

by the numbers 1952 The year that the Specialty Food Association became incorporated. It marked its 70 year anniversary on the opening day of the 2022 Winter Fancy Food Show in Las Vegas. The rise in food price inflation in January compared with the year prior. 7 % $ 28 billion The growth projection for global sales of plant-based meat alternatives, according to Bloomberg Intelligence. Meat analogs using soy, beets, and other vegetable products are regulated by the FDA, which plans to publish a Draft Guidance for Industry this year. Specialty Food's spring issue explores the restaurant industry's attempt at coming back from COVID as it battles rising oil prices and adjusts menus to soften the blow of record-high food cost inflation. Following are some facts and figures from this issue. $ 898 billion The projected volume of restaurant industry sales in 2022, down 11.5 percent from 2019 levels when adjusted for inflation, according to the National Restaurant Association's 2022 State of the Industry report. The price that Shubie's Marketplace would have had to charge per crab cake due to a tripling in price from its supplier, amidst historical spikes in food price inflation. Since it was not willing to pass on the increase to shoppers, it turned away the shipment. $ 30 + 44 SPECIALTY FOOD SPECIALTYFOOD.COM

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