America Has Turned Pumpkin Spice Into Gold
Pie and lattes were only the beginning. Pumpkin spice is everywhere. You can get a Bud Light pumpkin spice flavored hard seltzer this year, pumpkin Cup-o-Noodles (tried them, not a fan), and Pumpkin Pie Pop-Tarts. You can buy pumpkin Alfredo sauce (why?), pumpkin spice Oreos, and even pumpkin dog treats. Let’s not forget the stuff that’s just pumpkin spice scented, like Yankee Candles and Glade Plugins. I’m surprised Pep Boys haven’t rolled out pumpkin spice windshield washer fluid! Maybe next year.
All of those products, along with the hundreds I haven’t mentioned, add up to a lot of money. It’s not an exaggeration to say that pumpkin spice is a multi-million-dollar industry. According to MSN, consumers spent about half a billion dollars on pumpkin flavored products in the U.S. in 2019, the most recent year for which Nielsen has released data.
Coffee companies don’t release sales data by flavor, but Starbucks’ overall sales rose 10 percent the week of its 2021 Pumpkin Spice Latte debut. Given the overall volume sold by that company, they could rightfully change their name every fall to Bigbucks. The coffee franchise has sold more than 600 million PSLs since the drink first debuted in 2003.
Unfortunately, pumpkin spice is not impervious to inflation. Mashed reports there’s a good chance we’re going to be paying a lot more for our favorite pumpkin spice products. Inflation has already led to increased prices with Starbucks’ pumpkin spice latte priced at $6.45 this year. Also, marketing tactics, like “get it now while they last,” make people worry about pumpkin spice availability. When demand goes up, so do prices. And it’s not just lattes. Whole Foods’ spiced pumpkin pancake and waffle mix is up 130% and Trader Joe’s Pumpkin spiced Teeny Tiny Pretzels are up 160%!
The bottom line is that Americans love what has become the official flavor of fall. Pumpkin spice is comforting and homey. It reminds us of someone baking in the kitchens of our childhoods. Every sip of a PSL is a signal that the holiday season is coming. What’s not to love?