Food Gifting in the U.S., 4th Edition, released in May by Maryland-based market research firm Packaged Facts, projects the sales of food gifts will reach $21.1 billion in 2014, up 4.9 percent from the year earlier. About 60 percent of that figure is consumer sales and is expected to grow 5.1 percent, while corporate sales are 40 percent of the total and are expected to increase 4.7 percent in 2014. For purposes of the report, food gifts must be packaged in a way to make them suitable presents and must be purchased. The report indicates the 2008 recession had a significant effect on sales as consumers disposable income lessened, but things are looking up as middle-income consumers are returning to gift-giving. The report notes that of the 55 percent of those giving food as a gift, quality was the most sought-after attribute. Nearly four in 10 food-gift givers said the product needed to come from a trusted store or source. hubs.ly/y04qmY0 #mrx #PackagedFacts #foodbeverage
Posted on: Fri, 22 Aug 2014 15:13:07 +0000
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