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.

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Today's Specialty Food Consumers: Who They Are The graph below shows how Gen X took over leadership of specialty food from Boomers several years ago, how Millennials have taken over from Gen X (buying has been higher since 2019 and higher spending is on the cusp of happening), and as of 2023 the purchases of Gen Z have risen above Gen X. There is still much to learn about how Gen Z will reshape specialty food as the adults in the group are currently aged 18-26, but their excitement with the category is obvious. Generations are a rich area for makers and marketers. Millennials and Gen X are the core generations, with the largest family households. Gen Z is the rising generation and shows great interest in specialty foods. Baby Boomers are easing out of the workforce but having essentially created the specialty market during the 1980s and 90s, will remain committed to it. On the following pages, we o…er highlights of specialty food consumer demographics, shopping habits, motivations, and attitudes. Specialty food consumers account for 71 percent of all consumers and are placing an increasingly high value on the role that food plays in their lives. Growth continued over recent years through a global pandemic and fluctuating inflation. Share of All Adults Buying Specialty Food and Beverages, by Generation 80% 100% 60% 40% 20% 0% 2019 2020 2022 2021 2023 Gen Zs 66% 84% 75% 69% 76% 82% 70% 59% 79% 81% 80% 60% 78% 86% 78% 67% 77% 83% 73% 53% Millennials Baby Boomers Gen Xs Annual Survey dates: January 2019-2020, July 2021-2022, August 2023 Base: 1,630 internet users aged 18+ Source: SFA 28 SPECIALTY FOOD SPECIALTYFOOD.COM

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