Specialty Food Magazine

Winter 2024

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/1514345

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004050606060 DEBIT Today's Specialty Food Consumers: They What Spend Looking into how inflation impacts spending, it seems safe to say that a majority of the market is watching prices more closely than they have in many years. Retailers and makers will do best to highlight e orts being made to mitigate the strain on budgets. The percentage of consumers buying less expensive options is higher than in 2022 for all eight of the segments included in the survey. "Have not changed purchase behavior" ranges from 51 percent to 33 percent in all eight segments, which is down an average of five percentage points from 2022. Inflation's Impact on Purchasing Specific Segments Base: N =1630 Internet users age 18+ who purchased any specialty food and beverages in the past six months Source: SFA 50% 60% 40% 30% 20% 10% 0% 36% 26% 33% 5% Sweets & desserts Salty snacks Alcoholic beverages Meals (frozen or refrigerated) Meat, poultry, seafood (cook at home) Non-alcoholic beverages Dairy (e.g., milk, eggs, cheese, yogurt) Kitchen pantry staples (e,g., pasta, rice, seasonings) 31% 27% 37% 5% 26% 16% 36% 22% 27% 29% 35% 9% 22% 23% 45% 10% 18% 28% 51% 3% 17% 31% 50% 3% 27% 31% 39% 3% 34 SPECIALTY FOOD SPECIALTYFOOD.COM

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