Packaged food will see markedly boosted sales in 2020 as the category was heavily impacted by COVID-19. In mid-March, as the spread of the virus intensified in Norway, people avoided non-essential trips outside their homes, greatly reducing the footfall in cafés and restaurants. Instead, they visited local grocery retailers or relied upon...
The COVID-19 pandemic has had a significant impact on the Thai packaged food market in 2020. The closure of foodservice channels and the imposition of a curfew had a marked negative effect on sales of packaged food in the on-trade environment during the early part of the pandemic. Packaged Food in Thailand report offers a comprehensive...
Retail demand for packaged food is expected to surge in 2020 as a result of the COVID-19 pandemic. After the first case of COVID-19 was reported in North Macedonia in February 2020, consumer fears for the future and talk of lockdown restrictions fuelled panic buying and stockpiling behaviours across the country. Packaged Food in North...
COVID-19 was undoubtedly the biggest influence on retail current value sales of packaged food in Chile during 2020. With restaurants, schools and many workplaces closed for an extended period and consumers spending more time at home, there was a surge in home cooking. This provided a significant boost to retail current value sales of such...
While in 2019 social unrest in Hong Kong owing to the introduction of the Fugitive Offenders amendment bill forced some consumers to eat out less and cook more at home, the arrival of COVID-19 in 2020 greatly swayed residents to undertake home seclusion and social distancing, and so cooking occasions at home drastically surged. Packaged...
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...
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...
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...