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://specialtyfoodmagazine.epubxp.com/i/480793
Cheese and Cheese Alternatives 3,708 7.2 8.0 Coffee, Coffee Substitutes, and Cocoa 3,476 6.8 21.5 Frozen and Refrigerated Meat, Poultry, and Seafood 3,189 6.2 26.8 Chips, Pretzels, and Snacks 3,112 6.1 24.6 Bread and Baked Goods 2,351 4.6 16.7 Candy and Individual Snacks 2,082 4.1 27.2 Condiments, Dressings, and Marinades 1,754 3.4 12.1 Frozen Lunch and Dinner Entrees 1,666 3.3 18.7 Yogurt and Kefir 1,568 3.1 20.3 Nuts, Seeds, Dried Fruits, and Vegetables 1,339 2.6 4.8 Does not include private-label sales, random weight perishables (PLU), or sales through Trader Joe's or Whole Foods Market. Mintel estimates that sales in some food segments can be as much as 40 percent higher when these numbers are included. RETAIL SALES OF SPECIALTY FOOD TOP 10 CATEGORIES $ Million % Share 2014 Change 2012–2014 SALES OF SPECIALTY FOOD BY SEGMENTS Source: Mintel/SPINS/IRI Source: Mintel/SPINS/IRI Frozen and Refrigerated Meat, Poultry, and Seafood 27,523 8.0 6.4 Bread and Baked Goods 22,394 6.5 0.9 Carbonated Beverages 20,112 5.8 -4.3 Candy and Individual Snacks 19,761 5.7 2.2 Chips, Pretzels, and Snacks 17,610 5.1 5.5 Frozen Lunch and Dinner Entrees 16,195 4.7 -3.3 Cheese and Cheese Alternatives 14,229 4.1 5.8 Milk 11,941 3.5 1.1 Frozen Desserts 10,647 3.1 -1.3 Cookies and Snack Bars 10,437 3.0 1.0 Total market is based on SPINS' categorization of products overlaid against IRI's movement data; does not include private-label sales or random weight perishables (PLU). Source: Mintel/SPINS/IRI $ Million % Share 2014 Change 2012–2014 RETAIL SALES OF ALL FOODS TOP 10 CATEGORIES UNIT SALES OF SPECIALTY FOOD Does not include private-label sales, random weight (PLU) items, Trader Joe's, or Whole Foods Market. Total 13,034 13,970 14,809 2014 # Million 2012 # Million 2013 # Million The majority (51 out of 58) of specialty food and beverage segments grew from 2012 to 2014, with many achieving double-digit sales growth. The specialty food market overall grew 19.2 percent. The top ten best-selling categories have shifted since last year's report. Cheese remains king with $3.71 billion in sales and 7.2 percent of the retail market, but coffee, coffee substitutes, and cocoa took over the No. 2 spot from frozen and refrigerated meat, poultry, and seafood. Bread and baked goods entered the top five, bumping out yogurt and kefir. Candy and individual snacks; frozen lunch and dinner entrees; and nuts, seeds, dried fruits, and vegetables also moved up the list this year. Sales of all food grew an anemic 2.2 percent between 2012 and 2014. Specialty food sales as a share of the total food market reached 14.9 percent in 2014. Segments with the largest share of sales include refrigerated salsas and dips, energy bars and gels, and teas (non-RTD), with these segments boasting penetration of more than 50 percent. Unit sales jumped 13.6 percent. Sweet and savory snacking is trending, driven by two segments: chips, pretzels, and snacks (+18.7 percent) and candy and individual snacks (+22 percent). Two other segments from the top 10 performing exceptionally well are energy bars and gels (+32.4 percent) and the non-RTD coffee, coffee substitutes, and cocoa segment (+25.7 percent). 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 4A ❘ THE STATE OF THE SPECIALTY FOOD INDUSTRY