instore - October 2017 - 19

news

NEED TO KNOW
Kosher foods set
for big growth
The total value of the kosher market will increase
by an estimated 11.5 percent by 2025, according to
independent research conducted by Kosher Network
International. And consumers who buy kosher will
continue to generate high per-basket sales at retail.

Meal kit
madness
In an effort to

Kosher foods have a global market value of $24 billion
and are the most popular product claim on food
items, topping organic, gluten-free and other claims,
according to Kosher Network International. And the
kosher consumer's weekly basket averages $200,
with just 10% of items coming from specialty kosher
sections. The rest is filled with mainstream grocery
items that have adapted kosher certifications.

compete with
Amazon, supermarkets can look
toward meal kits.

12%
of US grocer shoppers
bought their groceries
online at some point in 2016

31 million
households have access to
Amazon Prime, and more
than half already purchase
groceries with it

BLUE APRON

38%
estimated growth rate of
eCommerce sales of food
and beverage between
2016 and 2021
SOURCE: CNBC

heading toward
critical mass
Following a sevenfold increase in the number of
consumer products incorporating the SmartLabel
system developed by the consumer packaged goods
industry, the system is on track for ambitious roll-out
targets, says Julie Savoie, director, industry affairs,
Grocery Manufacturers Association.
Using the SmartLabel system, consumers currently
may access information about 14,000 different products, Savoie said in a September presentation at the
GMA Leadership Forum.
Launched in January 2016 as version 1.0, SmartLabel's
current iteration is version 1.5, and version 2.0 will
be released shortly, Savoie said. Currently, 335
different product attributes may be incorporated into
SmartLabel, including sustainability practices, ingredients, allergen information, health claims, how animals
are treated and usage instructions, Savoie says.
The 14,000 products within the SmartLabel system as
of September compared with 2,000 a year earlier.

Debates
and
definitions
to watch

Traditional store
numbers declining
The number of traditional supermarkets will decline
by 25 percent from 2016 to 2021, according to a new
study. At the other end of the spectrum, meanwhile,
eCommerce sales are expected to increase by 25
percent each of those five years.
In 2021, about 19,132 traditional stores will be in operation, down from 25,380 in 2016, according to "2017
Future of Food Retailing," a report by Long Grove,
Illinois-based Inmar Willard Bishop Analytics.

The biggest percentage
increase in the grocery
category will be seen in
fresh format, which could
jump 48 percent, from
1,547 to 2,290 stores.
The biggest percentage increase in the grocery category will be seen in fresh format, which could jump 48
percent, from 1,547 to 2,290 stores. Store counts also
are expected to be up significantly for super warehouses (30 percent), dollar stores (25 percent) and
limited assortment stores (21 percent).

instore * OCTOBER 2017 * 19

Table of Contents for the Digital Edition of instore - October 2017