Supermarket Perimeter - May 2023 - 82

Seafood
From
FLOW
EBB
to
FMI report creates
roadmap for retailers
By Andy Nelson
82 - MAY 2023
SEAFOOD DEPARTMENT SALES TOTALED $16.2 BILLION IN 2022,
a 3.8% decrease over 2021 as inflation raised the prices of fresh and
frozen seafood.
But retailers who make a few tweaks to their departments can right
the ship more easily than they may think.
Those are among the findings in the Power of Seafood 2023, a new
report from Arlington, Va.-based FMI - The Food Industry Association.
The drop in seafood sales reversed an upward trend that featured
record sales during the COVID-19 pandemic, although seafood sales
were still higher in 2022 than in 2019, driven in part by shoppers' desire
to both eat healthier and include more environmentally friendly options
in their diet, according to FMI.
" Inflationary price increases certainly had a negative impact on
the sale and consumption of seafood in 2022, with many shoppers
turning to more affordable proteins as they adjusted their spending
habits to the economic environment, " said Rick Stein, vice president
for fresh foods at FMI. " However, seafood sales were up compared to
2019 despite elevated prices, indicating that shoppers who became
What you can do now to boost seafood sales
Retailers should continue their emphasis on all of the health claims that seafood can make, from the high-quality
protein and heart healthiness to the essential nutrients including Omega-3s. This can be supported by the Dietary
Guidelines for Americans which recommends two servings of seafood a week. Further emphasis could also be
placed by retailers on the benefits of seafood for mental health, brain health memory and cognition.
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Supermarket Perimeter - May 2023

Table of Contents for the Digital Edition of Supermarket Perimeter - May 2023

Supermarket Perimeter - May 2023 - Intro
Supermarket Perimeter - May 2023 - FC 1
Supermarket Perimeter - May 2023 - FC 2
Supermarket Perimeter - May 2023 - 1
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