Supermarket Perimeter - June 2024 - 64

Seafood
Trends
By Andy Nelson
RETAIL SEAFOOD VOLUMES AND DOLLAR SALES ARE DOWN - a
casualty of the inflationary era that refuses to relinquish its grip on the US
economy.
But there are also huge opportunities for supermarkets that emphasize the
nutritional, sustainability and meal solution benefits of seafood.
Those are among the conclusions of FMI - The Food Industry Association's
annual Power of Seafood report, which forecasts a bright future for retailers
willing to get a little creative in their fresh seafood departments.
And it all starts with the eat-at-home trends that took deep root during
the pandemic and continue to flourish in the current climate of higher
food prices.
" While overall consumption levels have dropped, more consumers are
enjoying seafood at home, " said Rick Stein, vice president of fresh foods for
FMI. " Factors such as inflation-driven prices or seafood's cost relative to other
proteins are influential drivers. "
And as inflationary pressures decline, FMI expects to see more consumers
return to seafood, especially if retailers offer easy ways to enjoy seafood
" sustainably, easily, and healthfully, " Stein said.
A change of pace for home cooks
With the rise in home cooking, seafood has emerged as a popular choice for
its taste and nutritional benefits, according to The Power of Seafood.
Home-cooked seafood now constitutes 59% of consumption, up from 53%
last year, while restaurant-prepared seafood meals declined from 47% to 41%.
" As consumers eat more meals at home, home cooking of seafood is
more common, and Americans are becoming more comfortable doing it, "
according to FMI.
At the same time, 39% of seafood customers seek advice from the
seafood counter for meal ideas, indicating growing interest in home seafood
preparation.
" Retailers should leverage this trend by enticing consumers with
specials, sampling, recipe ideas and highlighting seafood's health benefits, "
according to FMI.
64 - JUNE 2024
supermarketperimeter.com
Home-cooked
seafood
accounts
for 59% of
consumption,
up from 53%
last year.
Restaurantprepared
seafood
meals
declined from
47% to 41%.
39% of seafood
customers seek
advice from
the grocery
seafood counter.
66% prioritize
nutrition
and health.
Alaska Seafood Marketing Institute
http://www.supermarketperimeter.com

Supermarket Perimeter - June 2024

Table of Contents for the Digital Edition of Supermarket Perimeter - June 2024

Supermarket Perimeter - June 2024 - Intro
Supermarket Perimeter - June 2024 - FC1
Supermarket Perimeter - June 2024 - FC2
Supermarket Perimeter - June 2024 - 1
Supermarket Perimeter - June 2024 - 2
Supermarket Perimeter - June 2024 - 3
Supermarket Perimeter - June 2024 - 4
Supermarket Perimeter - June 2024 - 5
Supermarket Perimeter - June 2024 - 6
Supermarket Perimeter - June 2024 - 7
Supermarket Perimeter - June 2024 - 8
Supermarket Perimeter - June 2024 - 9
Supermarket Perimeter - June 2024 - 10
Supermarket Perimeter - June 2024 - 11
Supermarket Perimeter - June 2024 - 12
Supermarket Perimeter - June 2024 - 13
Supermarket Perimeter - June 2024 - 14
Supermarket Perimeter - June 2024 - 15
Supermarket Perimeter - June 2024 - 16
Supermarket Perimeter - June 2024 - 17
Supermarket Perimeter - June 2024 - 18
Supermarket Perimeter - June 2024 - 19
Supermarket Perimeter - June 2024 - 20
Supermarket Perimeter - June 2024 - 21
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