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/802137
$ $ $ $ Natural Food Market S P E C I A L T Y F O O D S Editor's note: The market size for the specialty food industry has been calculated as follows: SPINS provides three-year scanner data sales for food, drug, and mass segments and natural supermarkets (excluding Trader Joe's, Walmart, and Whole Foods Market) for sales in 61 categories. To reach the U.S. sales total, Mintel added estimated sales of products that were not collected by scanner data. This includes PLU sales through all channels, including specialty food stores, as well as sales through Trader Joe's and Whole Foods Market, but not Walmart. Source: Mintel/SPINS/IRI *Retail channels include sales from natural, specialty, and MULO** outlets, as well as an estimate for specialty food perishables (PLU or random-weight specialty items sold in bakery, deli, meat, and seafood) sold in these outlets. In addition, these figures include estimated specialty food sales from Trader Joe's and Whole Foods Market. ** MULO, or multi outlet, is representative of the following channels: total U.S. grocery, mass, total U.S. drug, total Walmart, dollar, military, and club. Foodservice is an essential part of the specialty food mix, representing almost 22 percent of specialty food sales. Focusing on this channel is important for manufacturers. What You Need to Know Mainstream competition is igniting. Larger retailers are recognizing that specialty appeals to their customers and can help improve the bottom line. Millennials' shopping habits will continue to drive this. What You Need to Know THE SIZE OF THE SPECIALTY FOOD INDUSTRY AT RETAIL AND FOODSERVICE *Retail Channels Foodservice Total 2014 $ Million $86,412 $24,368 $110,780 TOTAL U.S. SALES OF SPECIALTY FOOD 2015 $ Million $94,385 $26,428 $120,813 2016 $ Million $99,706 $27,718 $127,425 % Share 78.2% 21.8% 100% % Change 2014-16 +15.4% +13.7% +15% Source: Mintel/SPINS/IRI * MULO, or multi outlet, is representative of the following channels: total U.S. grocery, mass, total U.S. drug, total Walmart, dollar, military, and club. Does not include private-label sales, random weight (PLU) items, or sales through Trader Joe's or Whole Foods Market. *Mainstream Stores Specialty Food Stores Natural Food Stores Total 2016 $ Million $48,463 $6,361 $4,251 $59,075 SALES OF SPECIALTY FOOD BY RETAIL CHANNEL % Share 82.1% 10.7% 7.2% 100% % Change 2014-16 +16.8% +12.0% +14.0% +16.1% STATE OF THE SPECIALTY FOOD INDUSTRY 2017 S3