New survey shows that 41% of all U.S. shoppers say inflation will impact their plans to buy Halloween candy

Rhea-AI Summary

Advantage Solutions' annual Halloween survey reveals impact of rising prices on candy spending

Positive

• 41% of shoppers say inflation will alter their candy spending this year
• Half of those affected expect to spend the same amount but buy less candy due to higher prices
• About three in 10 anticipate spending less and buying less candy
• One in six say they plan to pay more to account for higher prices

Negative

• None.

Advantage Solutions’ annual consumer Halloween survey reveals the impact of societal and economic trends on shopper preferences and behavior

IRVINE, Calif., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) today unveiled “Halloween 2023: Shoppers Reveal Plans to Spend and Celebrate,” an annual survey of 1,000 U.S. adults who celebrate Halloween and serve as their household’s primary grocery shopper or share the responsibility.

During a period marked by rising prices, 41% of shoppers say inflation will alter their candy spending this year, according to the survey, which was conducted between September 5-7, 2023. Advantage Solutions’ research also reveals that among that 41%, half expect to spend the same amount but buy less candy due to higher prices and about three in 10 anticipate spending less and buying less candy. One in six say they plan to pay more to account for higher prices.

“The effect of surging prices and persistent inflation on Halloween shopper spending is undeniable,” said Andy Keenan, executive vice president, retail services for Advantage Solutions. “While most Americans still plan to celebrate Halloween this year by dressing up and trick-or-treating, a significant number of shoppers indicate that rising prices will curb the amount of money they spend on candy, costumes and decorations.”

Among the survey’s other findings:

• Nearly nine in 10 survey respondents plan to purchase candy, and about six in 10 plan to buy decorations and costumes (72% of those with children will buy costumes). Nearly three in 10 will buy food treats other than candy.
• More than half (55%) of Halloween candy buyers will spend more than $25 on confectionary this year ― with one-fifth planning to spend more than $50. Almost 60% of those buying other Halloween-themed edible treats will spend more than $25 on these food products — and one-fourth of them will spend more than $50 on these food items.
• Chocolate will reign supreme again this Halloween, as nearly 90% of candy buyers say they’ll be eating or treating others to chocolate candy. Almost 60% will pick up gummies and nearly half of Halloween candy buyers (45%) will put sour candy in their physical or digital carts. More than 40% will purchase hard candy and/or lollipops. Nearly three in 10 (28%) will be buying gum.
• The top two factors influencing shoppers’ Halloween candy purchases are price (33% ranked this the most important factor) and individual or family candy preferences (29%). For 10% of candy buyers, package size matters most, with many looking for full-size or Halloween-sized candies.
• About half (48%) of candy buyers will make their purchases a week or less before Halloween, and 17% will buy their candy within three days of the holiday.
• Among those handing out candy to trick-or-treaters, 75% will distribute treats at the door, while only 13% will leave an unattended bowl outside. Of those handing out candy, 41% will give three to four pieces of candy, 35% will distribute two pieces and only 8% will offer one piece.

“Nine in 10 grocery shoppers will buy Halloween candy and nearly three-fourths of them will walk into stores during the last two weeks of October looking for their favorite treats at a perceived value,” added Keenan. “Keeping these products on the shelf and in displays couldn’t be more critical for both candy brands and retailers, especially during the run-up to Halloween when shoppers are most active.”

The complete findings can be viewed here.

About Advantage Solutions
Advantage Solutions is a leading provider of outsourced sales and marketing solutions to consumer goods companies and retailers. Our data- and technology-driven services — which include headquarter sales, retail merchandising, in-store and online sampling, digital commerce, omnichannel marketing, retail media and others — help brands and retailers of all sizes get products into the hands of consumers, wherever they shop. As a trusted partner and problem solver, we help our clients sell more while spending less. Headquartered in Irvine, California, we have offices throughout North America and strategic investments in select markets throughout Africa, Asia, Australia and Europe, through which we serve the global needs of multinational, regional and local manufacturers. For more information, visit www.advantagesolutions.net.

Peter Frost
press@advantagesolutions.net