The overall performance of soft drinks in 2020 has been negatively affected by the general closure of on-trade establishments because of COVID-19 related restrictions. Costa Rica is a recognized global tourist destination, which received close to three million foreigner visitors during 2019. On average, tourists would spend about two weeks...
Having suffered from a rise in COVID-19 cases and difficulties within its health system, Chile saw restrictions being implemented in both the off-trade and on-trade channels in 2020. Temporary on-trade closures were seen during the total lockdown to prevent the spread of the virus, with limitations on capacity on reopening. However, some outlets...
Despite the lenient lockdown imposed by the Latvian government, soft drinks will perform negatively in 2020 overall as volume sales decline. Unlike hot drinks, soft drinks has been less resilient to the pandemic as the majority of product areas within the latter are regarded as less essential. As the financial repercussions of the pandemic...
Algeria’s economy contracted sharply in 2020 and was hit by two shocks—the spread of COVID-19 and the sharp decline in oil prices, as oil and natural gas account for the bulk of budget revenues. With the Algerian dinar depreciating as a result of the economic crisis, this made imports in particular more expensive, and there was also general...
Despite some short-term stockpiling in March 2020, initial consumer panic diminished fairly rapidly as supplies of hot drinks were relatively unaffected and consumers were still able to shop at grocery outlets and online. As a result, unit prices remained stable, and unit price growth was actually slower than the previous year. Hot...
The outbreak of COVID-19 in Austria led to restrictions being implemented in the country, with the first lockdown in place from March 2020 until May. This required the closure of all non-essential retailers and foodservice outlets and recommended that consumers worked from home where possible. The closure of foodservice venues during this...
Ready To Drink Premixes Market Research Report by Product (Ready To Drink Coffee, Ready To Drink Health Drinks, Ready To Drink Milk, Ready To Drink Soup, and Ready To Drink Tea), by Distribution (Offline and Online) - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market...
Carbonated Ready-to-Drink Tea Market Research Report by Type (Balck Tea, Fruit & Herbal Tea, Green Tea, and Oolong Tea), by Ingredients (Starter Cultures and Yeast Extract), by Packaging, by Distribution Channel - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market...
The most obvious impact of the COVID-19 pandemic on the Philippine soft drinks industry during 2020 was the dramatic decline seen in on-trade volume sales, while off-trade volume sales also fell during the year, resulting in negative total volume growth at industry level. Soft Drinks in Philippines report offers a comprehensive guide...
Growth within hot drinks in Hungary was negatively impacted by the COVID-19 impact in 2020, with on-trade sales being hit particularly hard. During the lockdown period, which lasted two months in the spring of 2020, all restaurants and cafés were closed, resulting in a steep decline in on-trade sales of coffee, tea and other hot drinks. Hot...