Consumer trends in matters of luxury food go crescendo even or despite world economics. According to a Bain & Company''s annual research presented this past October to the Altagamma Foundation – which promotes top-quality Italian industry – “the global luxury goods sector in 2012 has continued to soar to post-crisis heights with his third year of double-digit growth”. If we look at it in the detail, and specifically the current year, the worldwide numbers in the luxury food, wine & spirit market are expected to reach 89 billions of euros (approximately 1 trillion US dollars), with luxury food growth up by 8 percent compared to 2011, and luxury wine & spirits by 12.
Among other things, Bain & Company stressed out some key macro-trends on the luxury wine market where China is to become leader in imports in the next 5-10 years and Brics countries are seen as boosting markets. On the luxury food side, the survey underlined the convergence between gourmet food markets and restaurant multi-purpose spaces and, once again, that consumers are becoming ever more selective, looking for quality and local products.
In short, from a traditional produce to very special cooking techniques, or a rare organic crop, people are now on the lookout for an enhanced experience. The established food icons such as caviar, foie gras, champagne, and truffles have been the luxury food per excellence and certainly will hold their share. Which new food categories will be added to the iconic list?