Easter spending is expected to total $18.2 billion this year, nearly matching last year's record of $18.4 billion, according to an annual survey by the National Retail Federation and Prosper Insights & Analytics. About 81% of Americans will celebrate the holiday and will spend an average of $150 per person, down from last year's record of $152.
According to the survey, 87% of consumers are expected to spend $5.7 billion on food and 89% are expected to spend $2.6 billion on candy. In preparation for the holiday, and across various categories including flowers and decorations, 59% of consumers will shop at discount stores, 25% of consumers will go to a specialty store and an equal number will go to a small business or local store. Among those who celebrate Easter, 58% will cook a holiday meal and 17% will go to a restaurant.
Globally, Easter chocolate launches rose 23% in 2018 from 2017, according to Mintel. The countries leading the way include Brazil, South Africa, Germany, the UK and France. In its home country, UK-based Mintel forecasts sales of Easter gifting products will rise 2.6% in 2018, making the seasonal event worth an estimated $835 million to UK retailers.
Food gifting overall is also expected to increase in the U.S, according to Packaged Facts. U.S. consumer and corporate food gifting sales will approach $20 billion in 2018, up 4% from 2017. While winter holidays remain a food-gifting mainstay, the firm's research highlights Easter as an emerging, important holiday. Notably, roughly 26 million consumers, or 20% of food gifters, gave food gifts during Easter last year, putting the holiday just below Father's Day in participation.
Packaged Facts notes food gifting companies are eager to expand into Easter, considering that those who celebrated in 2017 spent an estimated $18 billion on products spanning eight categories, including candy, gifts, food, and flowers, with $152 spent per celebrant. Food and candy comprised more than $6 billion of consumers' Easter spending.
Easter is a relatively untapped market for food gifts, as 81% of adults aged 18 and over celebrated Easter in 2017, or almost eight times as many who have purchased an Easter food gift for someone.
Mintel's research finds categories that may be worth expanding into include bite-sized formats, which have grown 50% over the past five years, as well as vegan confections, which more than half of chocolate eaters in Spain, France and Poland are interested in trying.
[Editor's note: OFW Law Principal Attorney Michael J. O'Flaherty provided this blog piece regarding the need for federal oversight regarding the ongoing trend of class action lawsuits filed against food companies regarding product labeling.]read more
Jennette has been with The Food Institute since 2013. As Marketing Director, she is responsible for promoting all Food Institute books, seminars and webinars, as well as writing and editing the Food Institute’s annual publications. Additionally, she writes for and edits the daily news update, Today in Food, and contributes to the weekly Food Institute Report. She has a background in non-profit and environmental marketing, programming and writing, and graduated from Rowan University in 2012 with a degree in Communication Studies.
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