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
% 2014 Source: Mintel Up 30% or more 12 Up 20–29% 8 Up 10–19% 24 Up 6–9% 25 Up 1–5% 13 Unchanged 14 Down 1–5% 3 Down 6–9% 1 Down 10–19% 1 Down 20–29% 0 Down 30% or more 0 THE SPECIALTY FOOD SUPPLY CHAIN: SPECIALTY FOOD RETAILERS Written by Ron Tanner, Specialty Food Association's vice president, philanthropy, government, and industry relations, and Denise Purcell, editor of Specialty Food Magazine. mediterranean indian thai The top-three cuisines retailers say will emerge in 2015: Retailers report sales growth, but it's more modest than in other segments of the supply chain. Half of this year's retailers said their sales were up 6 to 19 percent in 2014. Specialty grocery and deli/prepared foods departments are leading the way in share of sales. Cheese dipped during 2012–2014 from 2011–2013 numbers, with 10 percent of sales versus 15 percent. Retailers focused on selling local, organic, and all-natural offerings, as these characteristics accounted for the largest share of products sold in stores. Some 66 percent of retailers sell products with non-GMO claims. About half are seeking to expand specialty food offerings, which bodes well for many in the supply chain. However, about a third of retailers say that they're seeking to develop or further their private-label products. "Local, sustainable, whole grains, humane food production." "Smoked flavors, healthy foods, pickled everything." "More gluten-free, use of beets, kale, seaweed, coconut, and other good-for-you ingredients." "Return to simple, clean, and old-fashioned, e.g., real grass butter, fermented foods, ancient grains." "Smaller stores, more specialty grass-fed products, home gardening, far greater delivery options." Note: numbers may not add to 100 due to rounding today: In 3 years: Local Local TOP NATURAL AND ETHICAL CLAIMS RETAILERS ON: DOLLAR SALES CHANGE IN THE PAST YEAR 1 2 3 Mean # SKUs: 1,661 FAST FACTS Average Store Size: 6,072 square feet Average Transaction Size: $44 Average Inventory Value: $253,964 Mean # of Suppliers: 66 Specialty grocery accounts for 32 % of sales. The Specialty Food Association's webinars@work series will present The State of the Specialty Food Industry on APRIL 8, 2–3 P.M. ET IN THEIR OWN WORDS What are some key emerging trends in specialty food? 8A ❘ THE STATE OF THE SPECIALTY FOOD INDUSTRY