Specialty-food makers showcasing wares this week say anxious consumers are consoling themselves, and buoying the gourmet industry, by seeking solace in tasty treats from chocolate sushi to lavender-laced cheese.
Fancy-food makers, more than 2,000 of which were exhibiting at the annual trade show in New York, say consumers may not buy big-ticket items amid the recession but they will allow themselves smaller indulgences. The National Association for the Specialty Food Trade, which sponsors the trade show, said the industry had $60 billion in U.S. sales in 2008.
Fifty-eight percent of its manufacturers reported a drop in sales last year, due to economic pressures.The research also found that a downturn in restaurant sales has helped specialty foods as consumers cook more at home. That move away from restaurant dining has been evident in sales trends, several vendors said."
"If you're going to save money, you're not going to eat in restaurants so much. If you're cooking at home, you use more seasoning,"said Joe Walker of Slap Ya Mama Cajun Seasoning, based in Ville Platte, Louisiana.
Others are backing basics, such as Woeber Mustard Manufacturing Co of Springfield, Ohio, where horseradish sauce remains the strongest seller."
"We've seen high-end products go down, and more basic products increase,"said Christopher Woeber, project manager at the 104-year-old family business.
- News
- Food Trends
- Consumers indulge to...
June 29, 2009
Source
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Related Topics:
Related News
October 28, 2024
Himalaya Food International Limited: 60,000 TPA French Fry Plant Set to Launch by March 2025
August 26, 2024
The potato: a guarantee for regional food security and prosperity
June 27, 2024
J&J Green Paper implements its sustainable packaging initiative Janus® with largest independent McDonalds franchisee in the world
Latest News
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content
Where
Sponsored Content