Specialty Food Magazine

Fall 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/1480122

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Mass merchandisers, club stores, discounters, and convenience stores are continuing to gain ground with specialty food consumers, in particular younger generations. Specialty brands are established in these mainstream outlets and their value pricing is appealing as food prices continue to spike. Supermarkets and natural food stores remain the number-one and -three channels, respectively, but supermarkets have dipped 8 points since 2020. After a significant drop last year, specialty food stores have regained some ground. Many reflect attributes SFCs value including product knowledge, food preparation suggestions, and ties to the community. The number of total channels shopped edged up to 3.5 this year, up over 3 in 2021, and the increase was reflected in all generations. Food Consumers: Today's Specialty They Where Shop Retail Channel Choices by Generation favor supermarkets and mass merchandisers rank highest for club stores, and also favor supermarkets and mass merchandisers favors mass merchandisers, discounters, farmers markets, and convenience stores rank top in most channels and shop the biggest variety: mass merchandisers, natural food stores, discounters, specialty food stores, wine or liquor stores, convenience stores, farmers markets, department stores, home stores 50% 60% 70% 80% 40% 30% 20% 10% 0% 2020 2022 2021 2020- 2022% Pt. Change Source: SFA Supermarket Mass merchandiser (e.g., Walmart, Target) Natural food store (e.g., Whole Foods, Sprouts, Trader Joe's) Club store (e.g., Costco, Sam's Club, BJ's Wholesale) Discounter (e.g., ALDI, Lidl, Grocery Outlet, Dollar General) Specialty food store Wine or liquor store Convenience store Farmers' market Home store (e.g., Beth Bath and Beyond, Cost Plus) Department store -8% -3% 7% 6% 4% 1% 2% 5% 3% 3% 2% 69% 44% 45% 33% 24% 24% 21% 17% 18% 12% 13% 62% 47% 37% 36% 26% 17% 22% 14% 15% 10% 12% 61% 51% 42% 39% 28% 25% 23% 22% 21% 15% 15% Where Specialty Food Consumers Shop by Retail Channel The generations history community. almost equally report that they like to shop in stores that have or ties to their TOWN MARKET Gen-Zs diverse suppliers. are the most likely to report they like to shop in stores that feature products from Millennials Gen-Z Gen-X Baby Boomers 34 SPECIALTY FOOD SPECIALTYFOOD.COM

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