Summer Fancy Food show 2017
Summer Fancy Food Show is a mega specialty food event for the North American market. The 63rd edition of Summer Fancy Food Show is being held in New York from June 25-27, 2017. The show is expected to feature around 180,000 products including confections, cheese, coffee, snacks, spices, ethnic, natural, organic, etc. with participation from around 2,400 exhibitors from 50 countries & regions..
Specialty food sales in the US reached US$ 127 billion in 2016, a growth of 15% since 2014. Product innovations and wider availability coupled with growing preference among consumers are key factors spurring the market. Around 61% share of the total specialty food market was taken up by grocery and shelf-stable specialty foods in 2016 (US$ 36.2 billion). Categories like wellness bars and gels, and nut and seed butters also saw strong growth. Specialty foods in refrigerated sections have also found special favour, with key growth segments including refrigerated juices and functional beverages (growth of 30.7%, refrigerated lunch and dinner entrees (growth of 33%), and yogurt and kefir (growth of 27.2%; Data source: The Specialty Food Association’s (SFA) annual State of the Industry report released in April 2017).