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/986636
STATE OF THE SPECIALTY FOOD INDUSTRY 2018 S3 VEGAN CHEESE nut milk FRESH FARMS CHEESE REAL FRUIT WILD CAUGHT LEAN T-BONE FRESH FREE RANGE GROCERY LIST Does not include private-label sales, specialty food perishables (PLU or random-weight specialty items sold in Bakery, Deli, Meat, and Seafood), or sales through Trader Joe's, Whole Foods, or the internet. Data may not equal totals due to rounding Source: Mintel/SPINS/IRI SPECIALTY FOODS—WHAT IS SELLING NOW? A look at sales and current industry performance shows fresh, refrigerated, frozen, plant-based, and health-focused are key words related to growth. Notably, seven of the top 10 categories by retail sales are chilled or frozen foods—led by cheese and plant-based cheese; and meat, poultry, and seafood. The three categories that exhibited very strong sales growth are also fresh or frozen—frozen desserts (+42 percent), refrigerated entrees (+27 percent), and yogurt and kefir (+21 percent). Thirteen categories out of 63 grew by more than 20 percent. The most impactful was specialty water, up 76 percent and driven by the explosive success of sparkling water. Most of these categories are health- and wellness-centered, even frozen desserts, which are focusing on protein-enriched and dairy-alternative varieties. RETAIL SALES TOP 10 Water 76.1% Rice Cakes 64.1% Refrigerated RTD Tea & Coffee 63.2% Jerky & Meat Snacks 62.1% Shelf-Stable Creams & Creamers 61.7% Frozen Meat Alternatives 47.8% Refrigerated Meat Alternatives 43.8% Frozen Desserts 41.6% Refrigerated Creams & Creamers 37.8% Refrigerated Entrees 27.2% Wellness Bars & Gels 22.6% Refrigerated Juices & Functional Beverages 20.9% Yogurt & Kefir 20.6% Cheese & Plant-Based Cheese $4,005 6.6% Frozen or Refrigerated Meat, Poultry & Seafood $3,841 3.3% Chips, Pretzels & Snacks $3,822 11.8% Non-RTD Coffee & Hot Cocoa $3,329 5.4% Bread & Baked Goods $3,058 18.1% Chocolate & Other Confectionery $2,368 10.8% Yogurt & Kefir $2,229 20.6% Frozen Desserts $2,227 41.6% Refrigerated Entrees $2,147 27.2% Frozen Lunch or Dinner Entrees $2,143 13.1% Total Market 2017 $ Million Change 2015-2017 % Change 2015-2017 % TOP 13 CATEGORIES WITH HIGHEST DOLLAR GROWTH Does not include private-label sales, specialty food perishables (PLU or random-weight specialty items sold in Bakery, Deli, Meat, and Seafood), or sales through Trader Joe's, Whole Foods, or the internet. Data may not equal totals due to rounding Source: Mintel/SPINS/IRI