US ‘specialty gourmet’ channel has 1,000 stores and revenues topping $18bn, says SPINS

By Elaine Watson contact

- Last updated on GMT

SPINS on ‘specialty gourmet’ channel: 1,000 stores, $18bn revenues

Related tags: Retailing, Food

The US ‘specialty gourmet’ retail channel – led by retailers such as The Fresh Market and Mariano’s - has 1,000 stores and revenues topping $18bn, according to market researcher SPINS.

Meanwhile, natural and specialty products account for just over half of dollar sales in Specialty Gourmet stores, but are driving nearly 70% of the channel’s absolute dollar growth, said SPINS CEO Tony Olson.

 “With a dual focus on both healthy and gourmet foods, these upscale, experiential stores attract variety-seeking shoppers that value unique taste profiles, in addition to the health, environmental and social benefits associated with natural foods.

“By promoting a vibrant mix of innovative, better-for-you products with a superior taste profile, specialty gourmet retailers have gained a loyal following among consumers and have delivered 10% growth in a channel that had been stagnant for many years​.”

What is a specialty gourmet store?

SPINS​ characterizes specialty gourmet stores as:

  • Full-format supermarkets with more than $2 million in annual sales.
  • SPINS-defined specialty items comprise at least 25% of overall volume.
  • High-end, experiential stores featuring full-service and fresh products.
  • High quality products with a strong focus on specialty, imported, natural and organic items.

Related news

Related products

show more

Color plus clean labels from a proven ingredient

Color plus clean labels from a proven ingredient

Briess Malt & Ingredients Co. | 06-Sep-2019 | Product Presentation

BriesSpecialty™ Malt Flours offer natural color and flavor adjustment for cookies, breads, and other grain-based foods. Ranging in color from light to...

High Protein Snacks: Beyond the Protein Bar

High Protein Snacks: Beyond the Protein Bar

International Dehydrated Foods | 06-Mar-2019 | Technical / White Paper

As snacking becomes more of an ingrained part of the American diet, it will be increasingly important for snacks to deliver nutrition benefits, including...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars