Skip to main content
  1. Life
  2. Green
  3. Organic Lifestyle

Top Specialty Food Insights from the Summer Fancy Food Show

See also

“The State of the Specialty Food Industry 2014” is both a report and a presentation at the annual Summer Fancy Food Show in New York City. It packs incredible value, insight and analysis into this fast-growing segment of the global food industry.

The 2013 edition helped this Examiner to advise food entrepreneurs in and around Boston over the past year. So I was privileged and grateful to be able to slip into this year’s session – a Monday (June 30) morning Education Session of the Fancy Food Show tacked onto my trip to New York for the Food + Tech Connect Hack//Dining NYC. (It was a whirlwind week of good food prowess.)

Listening to David Lockwood from Mintel and Ron Tanner from the Specialty Food Association, who are economical and engaging co-presenters, I did my best to scribe down (and live tweet out) the highlights…

All data is sourced to market research leader Mintel.

The Big Picture: The demand for safer, healthier food continues to grow. (Specialty food sales jumped 18.4% from 2011-2013 and another 8% in 2013.) In 2004, total sales were $25 billion. In 2013, $88 billion – with 80% of sales being retail (15% of these direct-to-consumer) and 20% foodservice.

Biggest Product Categories: cheese and cheese alternatives; frozen/refrigerated meats, poultry, seafood; chips, pretzels, other snacks

Fastest Growing Categories: nut and seed butters; eggs; frozen desserts.

Top Channels For Growth: subscription services (mail or home delivery); food service; convenience stores; online delivery (Amazon, Google, Whole Foods).

Top Product Innovation: Gluten free.

What Retailers Want (Where They See Growth):

  • Non-GMO
  • Local (as a category, they perceive it will grow the most over the next 3 years)
  • Prepared foods that contain less than 5 ingredients

More specifically…

  • “Bacon everything”
  • “Craft chocolate”
  • “Hipster packaging”

Top Product Claims Compelling Eaters:

  • All Natural
  • Local
  • Organic
  • Non-GMO (the market is confused in differentiating “non-GMO” and “organic”)

For food entrepreneurs and aspiring food entrepreneurs (as you likely know well), it’s a ripe to be entering this market.

Want to talk about it? Tweet me at @businessforfood.

Advertisement

Life

  • Derek Hough
    Derek Hough brings quadruple threat talent to 'DWTS' and beyond
    Today's Buzz
  • Hookah smoking
    Young adults believe hookah smoking pose no health threat
    Camera
    7 Photos
  • Top outdoor activities
    Don't spend your summer indoors: Top outdoor activities to do with your significant other
    Camera
    10 Photos
  • Baby shower idea for men
    A new twist on baby showers is throwing a Daddy Baby-Q
    Camera
    7 Photos
  • Wedding special
    'Curvy Brides' offers a new look into every bride's pursuit for her picture perfect wedding gown
    Camera
    7 Photos
  • Morbid obesity
    Health: Morbid obesity decreases life span by up to 16 years
    Camera
    7 Photos