Specialty food industry sales hit record high in 2015
Retail specialty food sales grew to $94 billion in 2015, a 19.7% jump since 2013, driven by product innovations and wider availability of specialty foods through mass-market outlets.
The specialty food industry continues to be a bright spot in the U.S. economy, and is now a $120.5 billion dollar industry, according to a new report by the Specialty Food Association, New York, and produced in conjunction with research firms Mintel International, Chicago, and SPINS/IRI, also based in Chicago.
The report, “The State of the Specialty Food Industry 2016,” tracks U.S. sales of specialty food through supermarkets, natural food stores and specialty food retailers.