Insightful industry updates have been shared via the release of the Specialty Food Association’s (SFA) latest report. Today’s Specialty Food Consumer research, a complement to The State of the Specialty Food Industry Report, dives into the current trends impacting the specialty industry.
“The big takeaway is that specialty food has produced consistent growth every year through good (economic stability) and bad (pandemic, high inflation). People care about their food choices, younger generations are increasingly engaged consumers, and [the] share of grocery spending that goes to specialty food rises every year,” said Denise Purcell, SFA’s Vice President, Resource Development.
Digging into the specifics of the $194 billion industry, the report focuses on the latest consumer attitudes regarding the specialty food and beverage sector. According to a press release, SFA conducted this year’s online consumer survey with 22 questions asked of 1,630 adults who say they share in or take primary responsibility for grocery shopping in their household. Market researcher David Lockwood then worked with the SFA to analyze the results and produce the final report.
Some of the highlights noted in the report include:
For more updates from the specialty sector and beyond, stick with DMN.