Abstract: - With Rising Infections, Dine-In Falls Out of Favor. Food Service Disposables to Reach $79.4 Billion - The global market for Food Service Disposables is projected to reach US$79.4 billion by the year 2027 trailing a CAGR of 5.7%. The growth in the market is expected to come from the increase in online food...
Consumer foodservice saw a massive current value decline in 2020, after many years of solid growth, as COVID-19 put huge negative pressure on the industry in this year. Lockdowns in the spring and autumn meant all consumer foodservice outlets had to close, except for takeaway and home delivery. Some outlets decided to keep their businesses...
Due to the outbreak of COVID-19 in 2020, the government put a lockdown period in place during March, which required the closure of schools, offices, public places of interest, and limited foodservice players to takeaway and delivery options only. The closure of dine-in foodservice experiences meant that all types of outlets and players recorded...
Egypt’s economy continued to witness solid growth in 2019 supported by increased government spending, improved ease of doing business and low interest rates. Furthermore, the country’s tourism industry continued on its path to recovery thanks to the weak Egyptian pound and government efforts to increase security in the country. These factors...
The Russian economy in 2020 came under the powerful influence of two negative factors at once: the rapid spread of the Coronavirus (COVID-19) pandemic and its detrimental effect on the global economy; as well as the collapse in oil prices in Q1. Consequently, the national currency depreciated significantly against the US dollar and the euro....
Consumer foodservice was negatively impacted by the COVID-19 virus in 2020, with the economy in Italy being severely hit by the government’s lockdown and restrictions across the year. The initial lockdown from March to May 2020 disrupted consumer foodservice by imposing the closure of outlets across the country. In response to this challenge,...
Despite Sweden not implementing strict lockdown periods, the outbreak of COVID-19 reduced tourism, both domestically and internationally, leading to a decline in sales for consumer foodservice. In addition, activity suffered as dine-in experiences saw a severe decline, with consumers fearful of socialising in public, while limitations on guest...
The emergence of COVID-19 and subsequent lockdown and social distancing measures introduced by the government in an attempt to control the spread of the virus, had a strong negative impact on Mexican consumer foodservice in 2020, forcing many outlets to close. Consumer Foodservice in Mexico report offers a comprehensive guide to the...
Total consumer foodservice current value sales declined in 2020 as all categories suffered from the long lockdown periods enforced by the Philippines’ government. In terms of consumer foodservice current value sales, the most impacted categories were cafés/bars, followed by full-service restaurants, street stalls/kiosks and then limited-service...
The first notable negative impact on consumer foodservice in Austria was noted in February mainly due to a decline in tourists from Asia, while the emergence of an official pandemic saw the first lockdown measures imposed in Austria mid-March. This placed strong limitations on public life resulting in largely empty streets, with only essential...