FMI- The Food Industry Association has kicked off its six-part 2022 U.S. Grocery Shopper Trends series in partnership with The Hartman Group.
The first analysis focuses on the shopper landscape and finds Americans are balancing a mix of concerns, including COVID-19, higher food prices and out-of-stocks, leading to more interest in store brands.
“As of mid-February, shoppers tell us they have the lowest level of concern about COVID-19 since the pandemic began,” said Leslie Sarasin, president and CEO of FMI. "However, while shoppers' concerns about contracting the virus have subsided compared to a year ago, their expressed anxiety regarding food prices has returned to similar levels witnessed during the summer of 2020. Further exacerbating this stress, Americans' frustration regarding out-of-stocks has not abated."
Concerns for COVID-19, Inflation and Out-of-Stocks
As of mid-February, FMI found that 48% of shoppers report being extremely or very concerned with COVID-19, which is the lowest level of concern measured since the pandemic began but down only slightly from October 2021. At the same time, more than half of Americans cite their worries about rising food prices, and 45% are concerned about out-of-stocks. Consumers said their weekly grocery spending has gone up by 4% compared to early last year and the majority (72%) of those who have noted increased spending point to rising prices on specific items or brands as the cause of the increase.
Shoppers Seek Solutions to Mitigate Rising Food Prices
The trend report found that the majority (86%) of shoppers who are worried about rising food prices are making behavior changes, including looking for deals (59%), making substitutions or product changes (58%), changing where or how they buy groceries (48%) or buying more store brands (35%). Shoppers continue to use and rely on many of the go-to grocery stores and grocery shopping methods they adopted during the pandemic.
FMI’s 2022 U.S. Grocery Shopper Trends includes a series of six-monthly analyses to provide ongoing context to grocery trends. Each report will be posted online at www.FMI.org/GroceryTrends, and users can sign up to be notified when the next report is available.