By the Numbers
Some interesting stats culled from various news outlets, in no particular order. Food for thought.
- 32% - percentage of social network users who use the Internet to pursue their interest in food/cooking — Food Navigator, 7/17/09
- $57 million - value of savings shoppers could realize from coupons they printed in June from Coupons.com and the Coupons.com publisher network (130% increase over the year-ago period) — Progressive Grocer, 7/21/09
- 42.1% - supermarkets’ share of food retail dollars in 2008. Supercenters, warehouse clubs and limited assortment stores (such as Aldi and Trader Joe’s) continue to wrest share from supermarkets. — Mediapost, 7/7/09
- 56% - number of consumers eating dinner at home more often — Progressive Grocer, 5/14/09
- $81 billion - private label sales in the U.S. (up 10.2% over the past year) — Food Navigator, 6/22/09
- 52% - percentage of consumers who were “highly loyal” to consumer packaged goods brands in 2007 who became less loyal or shifted brand loyalty the following year — Supermarket News, 6/22/09
- 59 - number of shopping trips the average American household made to supermarkets in 2008 (13% fewer than in 2001) — Reuters, 6/29/09
INSIGHT: The retail food industry continues to evolve as the economy shocks consumers out of profligate habits. Bad news for some food marketers offers opportunity for others who have a compelling value message.
