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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Today's Specialty Food Consumers: Why They Buy should be considered before launching your next innovation and strategy: Eating occasions are among the reasons why SFCs buy specialty but they have spread throughout the day and away from defined eating times, driven by a demand for convenience and speed of meal prep. Mealtime changes continue as Gen Z and Millennials do things di•erently than Gen X and Boomers. Dinner continues to decline in importance even while it is likely to remain the number-one occasion for specialty food and beverages. Breakfast and lunch are both in a steady-to-higher trend, as is snacking at home. A rebounding of special occasions such as birthdays, holidays, and parties after the pandemic has been muted. Conversely, bringing to the oƒce/workplace has moved a point beyond previous highs even though return-to-work numbers still have a long way to go. Apparently, those who are returning to work want to make it something special. Meals and Other Usage Occasions for Specialty Food and Beverages Superior quality 1. 2. Superior flavor 3. Interesting/unusual flavors 4. Simple ingredients 5. Authentic global flavors When looking at usage occasion by generation, further data shows: Treats moved to the top for Gen Z by a wide margin, but it is at least 50 percent for all generations. Dinner is much more important to Boomers and Gen X than to Millennials and Gen Z. Snacks or meals on the go are far more important for Gen Z and Millennials than for Gen X and especially Boomers. Millennials are the champs at taking specialty food to the o‰ce, while Gen Z and Millennials are equally interested in giving it as a gift. 2019 2020 2022 2021 2023 Annual Survey dates: January 2019-2020, July 2021-2022, August 2023 Base: Internet users age 18+ who purchased any specialty food and beverages in the past six months: 2019 - 1,212; 2020 - 1,170; 2021 - 1,182; 2022 - 1,242; 2023 - 1,157 Source: SFA THE 5 Main Reasons Why Specialty Food Consumers Buy and Beverages Specialty Food 32% 43% 43% 43% 44% n/a n/a n/a n/a 60% 40% 20% 0% 35% 36% 36% 36% 39% 64% 62% 55% 54% 53% 56% 58% 51% 53% 52% 47% 47% 44% 47% 40% 36% 38% 38% 25% 30% 30% 17% 18% 13% 15% 19% 16% 19% 13% 15% 15% WINTER 2024 29

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