USA - Specialty Food Industry Sales Hit $127 Billion in 2016

06 Apr 2017 4:33 PM | Anonymous

Sales continue to grow as Americans embrace specialty food and beverages. The industry is taking its place as an integral player with traditional and non-traditional specialty food retailers, foodservice operators, and distributors.

The Specialty Food Association's (SFA) annual State of the Industry report, issued today, examines the vibrant $127 billion-dollar industry in detail. Largely fueled by small business growth, total sales jumped 15% between 2014 and 2016. Growth is also driven by product innovations and wider availability of specialty foods through mass-market outlets. Sales through foodservice increased 13.7% to $27.7 billion as U.S. consumers make specialty food a regular part of their away-from-home meal purchases.

"Consumer preferences for specialty food products are growing at double digits, outpacing mainstream food staples." said Phil Kafarakis, President of the Specialty Food Association. "The products our members create appeal to consumers looking for authentic tastes and foods with fewer and cleaner ingredients.

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Source:  Specialty Food Association


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