Specialty Food Magazine

Summer 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/1521971

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What is Selling Now Specialty Food Segment Highlights Center Store, Refrigerated, and Frozen Top 10 Fastest-Growing Categories 2021-2023 Source: SPINS/SFA 0 5 10 15 20 25 30 35 40 Frozen ($10,270B) Refrigerated ($28,626B) Grocery ($57,362B) In Billions 30% 59% 11% of Specialty Food and Beverage Sales (Dollar vs. Unit) Does not include retailers' private label sales, specialty food perishables (PLU or random-weight specialty items sold in a supermarket's bakery, cheese, deli, meat, and seafood sections), or sales through online or foodservice channels. 2022 2023 2022 2023 Grocery Refrigerated Frozen TOTAL Dollar % Change Unit % Change By Retail Departments The specialty food market is composed of 63 food and beverage categories across the three primary "departments": Center-store grocery, the largest of the three with 59 percent of all sales; refrigerated with 30 percent share of the retail market; and frozen with 11 percent of sales. Starting in 2022 and continuing through 2023, big categories that are shelf stable indulgences and staples outperformed the other departments. These include chips, bread, chocolate, cookies, beans, pasta sauce, and soup. Refrigerated categories that stayed strong were limited to "other dairy and plant-based items," creams & creamers, and RTD tea & co˜ee. However, refrigerated meat, salsas, plant-based milk, and entrées, snacks & sides all produced less growth. Frozen departments were led by ice cream & novelties, but former fast-growers frozen entrées & pizza, meat, and appetizers fell behind the growth curve. Sauces (pasta, pizza) (Ss) Eggs Fruit & vegetables (Ss) Hot cereals Drink mixes & concentrates Cookies & snack bars Creams & creamers (Rf, Ss) Baby & toddler food Pasta (Ss) Beans, grains, rice (dry) (Ss) 37.1% 35.2% 30% 30% 28.7% 27.7% 26.6% 25.7% 24.7% 24.4% The top fastest-growing categories since 2021 tie into the themes of cooking-at-home and shelf-stability 8% 6% 4% 2% 0% -2% -4% 10% 9.4% 6.3% 9.7% 8.5% 6.8% 3.4% 3.3% 5.4% -2.5% -2.7% -1.5% -2.5% -1.9% -1.2% -4% -1.9% GROCERY AISLE 7 REFRIGERATED AISLE 2 FROZEN AISLE 4 DEPARTMENT DIRECTORY SUMMER 2024 47

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