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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With food costs rising, we asked SFCs this year about inflation's impact on their specialty food shopping. While a quarter report buying less expensive food across the board, others are adjusting with tradeo•s in some categories or spending less on food in restaurants in favor of groceries. Today's Specialty Food Consumers: They What Buy How much has inflation Source: SFA impacted your Food Purchasing Habits in 2022? 0% 5% 10% 15% 20% 25% 30% 35% 40% I am buying less expensive food every way possible I am trading down on some foods so I can pay higher amounts for things that I really like I am spending less at restaurants and more for groceries I am spending more at restarants and less for groceries 25% 25% 37% 6% Gen-Z are the most likely to buy Gen-X and boomers report that food is important enough that they find ways to buy in EVERY way possible but also spend more in restaurants and less on groceries. less expensive food what they like. Older generations – are spending less in restaurants and more on groceries. Baby Boomers are most likely to trade down on some foods so they can pay higher amounts for things they really LIKE. Millennials FALL 2022 33

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