Overall packaged food is expected to benefit from COVID-19 in 2020, with healthy retail volume growth. Growth in current value sales is expected to be even higher, with double-digit growth rates expected. However, part of this current value growth is driven by inflation. A worsening drought has made many local foods more expensive and imported...
In 2020, the effects of national lockdown on consumer behaviour have led to a reversal in the poor performance of retail packaged food. From 2015 to 2019, sales of packaged food in retail volume terms decreased because of falling purchasing power and rising unemployment. However, in 2020 the situation has been completely different, with COVID-19...
Due to the outbreak of COVID-19 in Switzerland, the government installed regulations and restrictions from 13 March, prohibiting large gatherings. On 16 March, non-essentials shops and entertainment locations were closed, including foodservice outlets. Foodservice venues were closed for dine-in customers until May, only able to provide takeaway...
Due to the outbreak of COVID-19 in Malaysia, on 18 March, the government implemented The Malaysia Movement Control Order (MCO), which closed borders and allowed only essential stores to remain open, such as grocery stores and pharmacies, but limited their opening hours. Foodservice outlets were closed for dine-in options, with only takeaway...
In 2020, packaged food retail value sales in Germany are expected to record a higher rate of annual sales growth than over the review period. Although overall packaged food sales have only recorded modest growth in the review period, packaged food growth rate is expected to improve in 2020 to record retail current value growth that is more...
Unemployment soared during the lockdown periods and disposable incomes fell as many employees were forced to take pay cuts, whilst some did not receive any wages. This meant many consumers have been switching their purchasing behaviour during 2020. Essential products for home cooking, such as edible oils and sauces, dressings and condiments...
Major companies in the ice cream and frozen dessert market include Ben & Jerry’s; Dean Foods; Dreyer’s; Nestle and Kwality. The global ice cream and frozen dessert market is expected to grow from $88.6 billion in 2020 to $95.36 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies...
The COVID-19 pandemic has been the main driver for retail sales growth in basic Brazilian packaged food categories as consumers have prioritised essential household items such as rice, pasta, sauces and dairy products. Consumption of baked goods has been benefiting from home seclusion, as well as a certain amount of stockpiling, during the...
Retail current value sales of packaged food in Tunisia was relatively stable in the face of COVID-19 during 2020, reflecting the fundamental inelasticity of demand for these products. With the exception of hypermarkets, which were forced to close for a brief period, grocery retail outlets have continued to operate without significant disruption. Packaged...
Packaged food will see a significant impact from COVID-19 in 2020 with drastically reduced revenue takings. This was largely due to the temporary closure of bars and restaurants from mid-March to mid-May, which was imposed to reduce the spread of the virus. After May, the venues were allowed to reopen provided social distancing restrictions...