Attracting and retaining millennials, the latest generation of American food consumers, is one of the biggest challenges for U.S. supermarkets. Millennials, aged 20 to 29, prefer fresh food made with high-quality ingredients and premium take-away options, according to a study by PLMA (Private Label Manufacturers Association).
These young, experimental, and price-conscious consumers represent the largest share of specialty food buyers in the U.S.. The specialty food industry generates $120 billion in annual sales, with over $90 billion coming from supermarkets, retail chains, specialty food stores, and the rapidly growing online sales channel [according to a 2015 PLMA study].
According to PLMA, among U.S. millennials:
This explains why the fastest-growing supermarket departments—and the areas with the greatest market opportunities—are dairy, bakery, and deli sections.
The market research also revealed a high level of brand loyalty among millennials when it comes to grocery shopping:
This means that penetrating the U.S. market requires a long-term strategy aligned with consumer behavior.
Other key factors for successfully entering the U.S. specialty food market include:
Additionally, the "All Natural" claim appears to be the most important purchasing factor for U.S. millennials, ranking even higher than "Organic" or "No GMOs."
In conclusion, the U.S. market is increasingly embracing Mediterranean diet values, including:
These are core principles of Italian specialty food production, making this a prime opportunity for Italian food exporters.
Italian food companies are now uniquely positioned to capitalize on these emerging consumer trends. To successfully enter the U.S. market, brands need to: