South Africa was in a recession already prior to the start of COVID-19. The arrival of the pandemic exacerbated the economic downturn, causing real GDP to contract steeply in 2020. Therefore, in regard to hot drinks, there was limited stockpiling as disposable incomes fell. Additionally, hot drinks are deemed as essential goods and therefore...
The cooler box market is estimated to be valued at USD 4.6 billion in 2020 and is projected to reach USD 8.1 billion by 2025, at a CAGR of 12.1% from 2020 to 2025 Growth in the pharmaceutical industry, ongoing COVID-19 vaccination drives, transportation of processed and fresh fruits, vegetables, dairy products, and other perishable food products...
Despite the COVID-19 pandemic, health and wellness products performed well during 2020, with a growing number of consumers looking to boost their immune systems with added vitamins or to look after their health by reducing sugar intake. No and low sugar tea and juices that are low in calories are increasingly consumed as health boosters in...
With Canada introducing a raft of measures to control the spread of COVID-19 this has had a significant impact on demand for a range of products, including health and wellness packaged food and beverages. When the initial lockdown was first announced there was a spike in demand for these products, especially those with a long shelf life, with...
Closures to on-trade outlets caused consumers to make a shift to the off-trade in 2020. Stockpiling took place to a certain extent, as Slovak consumers bulk-bought essential items, such as toilet paper and other hygiene products. Supply of hot drinks remained stable, with no major problems. Hot Drinks in Slovakia report offers a comprehensive...
In 2020, the greatest impact of COVID-19 on hot drinks in Costa Rica pertains to the mandated closure of foodservice outlets for several months, with a sharp decline in foodservice volume sales expected. Overall, off-trade consumption is not expected to compensate for the closure of on-trade outlets, as the total volume sales of hot drinks...
The epidemiological impact of COVID-19 in Taiwan has been insignificant compared to most other countries, with very few cases reported, but the threat posed by the pandemic has made consumers more cautious about spending money, with consumer confidence falling to its lowest level in more than a decade during spring 2020 and only partly recovering...
The North American plastic caps and closures market is expected to record a CAGR of 8% over the forecast period. Plastic caps and closures are essential for extending the shelf-life and retaining the taste, flavor, and texture of the packaged product. Besides offering features, such as leak-proof and contamination resistance, plastic caps...
The beta-glucan market is estimated at USD 403.8 million in 2020 and is projected to grow at a CAGR of 7.6%, to reach USD 628.3 million by 2026. The ongoing health and wellness trend is spreading across the world, with the growing consumer awareness regarding dietary deficiency and the health benefits of consuming fiber. Nowadays, consumers...
COVID-19 is expected to greatly benefit hot drinks with healthy retail value and volume growth across tea, coffee and other hot drinks. Even with the dramatic downturn in foodservice volume in 2020, overall volume and current value sales are expected to be higher than in 2019. With strict lockdown measures for much of 2020, and people spending...