Non-Traditional Retail Channels Expected to Grow

According to new research from Pentallect, consumers are increasingly turning to non-traditional retail channels such as club stores, limited assortment stores, online, and specialty stores. The firm estimates that non-traditional food channels represent $210 billion in consumer expenditures and projects 7 percent annual growth over the next five years.

Bob Goldin, a Pentallect Partner and co-author of the study, says "nontraditional channels represent a 'sweet spot' in the food and beverage industry. Their growth is based upon strong consumer appeal and generally favorable business models. Without question, they demand increased attention from suppliers."

Related: KeHe, Save Mart Renew Partnership; Report: US Online Grocery Market Growing.

from Specialty Food News https://ift.tt/2Mms3I8