Specialty Food Still Special
By Lisbeth Echeandia
The 51st Summer Fancy Food Show in New York in July
offered visitors 180,000 food and beverage products from the 2,150
exhibitors. Business-building education seminars were part the program, and
the timing made it possible for every person to fit education into
their Fancy Food Show experience. Show organizers reported a 34-percent
increase in ticket sales from last year’s show.
According to the National Association of the Specialty
Food Trade (NASFT), sales of specialty foods hit $24.7 billion in 2004. And
where specialty foods are being sold has shown significant change over the
past few years. In 2004, mainstream retailers accounted for 66.9 percent of
specialty food sales, specialty food stores for 23 percent, and natural
food stores for 10 percent. Sales of specialty food through all three
channels have grown between 2002 and 2004, with natural food store sales
growing at the fastest pace, jumping nearly 37 percent between 2002 and
2004.
Order writing is a goal at this show, and exhibitors I
spoke with were delighted with the quality of the attendees and the
numbers of orders they were able to write. According to the NASFT, 87
percent of all show attendees either authorize or recommend purchasing
decisions. High energy on the show floor reflected the opportunities for
these products, and the presence of buyers from companies such as Target,
Costco and Whole Foods as well as representatives from all the major
supermarkets, highlights the importance of specialty products to mainstream
shoppers.
Aside from the ‘facts,’ if you’re a
foodie — this show is for you. You get an opportunity to try many new
and different products as well as lots of old favorites to revisit. And
confectionery — chocolate and not — was a strong presence with
more exhibitors than ever before. Some of the products offered have a very
short shelf life and are not designed for ‘regular’
distribution systems. However, there are plenty of offerings that do meet
the mainstream guidelines and enable retailers to give their customers
something unique and different.
Another clear indication of the continued potential
for upscale products is the sophistication of the exhibitors. Many elegant,
visually exciting booths with well-trained, well-informed, booth staff made
it a pleasure to walk the floor. And at this show you frequently have the
opportunity to meet the owner/inventor/operator of the business, and their
passion for their products is clear. Sales materials reflect the
business focus, and technology is front and center with most of these
exhibitors.
The ultimate in sampling? Walkers Shortbread offered
everyone a 4-ounce — regular retail package — of shortbread to
take with them as they left the convention center. Many cases of
product!
The next Fancy Food Show will be January 22-24, 2006,
in San Francisco.