This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
They may come at a higher price point, but specialty foods are making their way into many consumers’ shopping carts. According to a recent L.E.K. Consulting study, specialty foods have gone mainstream, with more than 80 percent of survey respondents indicating they are committed buyers of at least one specialty food category. With this shift in consumer preferences, L.E.K. says big food and beverage manufacturers will need to adapt in to compete in this segment or risk their window into the category.
“The movement in consumer food buying preferences has significant long-term ramifications,” says Manny Picciola, managing director and leader of L.E.K.’s food & beverage practice. “More than half of those surveyed said they would be willing to pay a premium for specialty foods. Companies that quickly figure out how to meet consumer demand for more specialty food options will outperform those that are slow to react.”