COVID-19 has had a significant impact on the packaged food industry in 2020. Foodservice closures and capacity limitations to prevent the spread of the virus have led to large spikes in retail demand for packaged food, at the expense of foodservice sales. Eating occasions have shifted into the home, and this has changed the way consumers eat...
Prior to the pandemic, one of the most pertinent factors in exerting a negative impact on potential volume growth of packaged food was the contraction of the Japanese population due to a declining birth rate. This was encouraging manufacturers to focus on the development of higher-value products, particularly in mature categories. Packaged...
During 2020, the government of Peru implemented a number of measures to limit the spread of COVID-19, including several months of lockdown restrictions, where residents were forced to remain at expect for essential travel in order to limit the transmission of the virus in the community. The introduction of the lockdown period saw a spike in...
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...
Many areas of packaged food benefited from stockpiling in early-2020 in response to concerns over potential product shortages due to the impact of the COVID-19 pandemic. Many consumers also stocked up as they sought to minimise shopping trips away-from-home. This led to a surge in demand in early-2020 for products including rice, packaged...
Coronavirus (COVID-19) is having a significant impact on packaged food sales in India. A nationwide lockdown was imposed from 25 March for 21 days after which it was only lifted in some regions where the number of infections was low. The unprecedented measures necessary to curb virus transmission led to panic buying and subsequent stockpiling...
Foodservice sales in packaged food are expected to record significant decline in 2020 as a result of the COVID-19 crisis. As cafés and restaurants were forced to close for a long period in 2020 following strict restrictions implemented by the government to curb the spread of COVID-19, foodservice volume sales are expected to decline in 2020....
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...
Packaged Food will see a slowdown in volume and constant value sales in 2020 as consumers focus on essentials, with consumers in many instances focusing on unpackaged, unbranded, and fresh food products at the expense of branded and packaged products where such substitutes are available. Categories that provide essential foods and have limited...
COVID-19 will have a significant effect on demand for packaged food in Uzbekistan during 2020. The economic instability it engendered has led to an acceleration in the country’s already rapid rate of consumer price inflation during the spring by means of a depreciation in the foreign-exchange value of the Uzbek som. The pandemic also lead...