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Sauces, dressings and condiments is poised to record robust growth in overall retail volume sales in 2020, which would be a marked turnaround from the category’s consistently negative results in this respect earlier in the review period. The recovery is directly attributable to changes in consumer behaviour brought about by COVID-19. Since the beginning of the pandemic Argentinians have been spending more time at home due to lockdown measures, remote working and social distancing. As a…
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After seeing solid retail volume growth for most of the review period, in 2020 the rate of increase for rice, pasta and noodles has soared, with only a marginally slower current value increase. The arrival of the COVID-19 virus in the country in the first half of the year and the subsequent national lockdown to try and control its spread led consumers to stockpile these products. Rice, pasta and noodles are considered essential products in many homes, and consumers were keen to ensure they…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 5:18am — No Comments
After years of continuous growth, which led the ready meals category in the UK to be largest in the whole of Europe, 2020 started negatively. This was driven by multiple factors, such as a negative consumer perception of references considered unhealthy because of over-processing, as well as the rise of foodservice delivery options, which represent a good, if more expensive, alternative. However, the impact of COVID-19 from March has helped to offset these concerns, with some consumers…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 5:13am — No Comments
After seeing solid retail volume growth for most of the review period, in 2020 the rate of increase for rice, pasta and noodles has soared, with only a marginally slower current value increase. The arrival of the COVID-19 virus in the country in the first half of the year and the subsequent national lockdown to try and control its spread led consumers to stockpile these products. Rice, pasta and noodles are considered essential products in many homes, and consumers were keen to ensure they…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 5:09am — No Comments
Consumption of frozen pizza and frozen ready meals has been falling for several years in Argentina. This is mainly due to heightened budget-consciousness arising from the country’s deep-seated economic problems, as these product types are comparatively expensive and perceived to offer poor value for money. As a result, most consumers consider them an unnecessary expense, and choose the more economical option of cooking home-made meals from scratch instead.
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Added by hemlata kumbhar on March 28, 2021 at 5:05am — No Comments
After seeing retail volume declines or negligible growth for many years, processed meat and seafood has seen dynamic growth in 2020, along with even higher current value growth, as a result of COVID-19. The national lockdown during the first half of the year led to changes in consumer behaviour. For instance, in the early days of the pandemic, several weeks of panic-buying and stockpiling were seen. Manufacturers did particularly well to maintain the presence of their products on shelves,…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 5:01am — No Comments
After seeing slow growth or declines in retail volume terms during most of the review period, processed fruit and vegetables has turned to strong growth in 2020, with an even higher current value increase. Sales of such products saw a strong increase during the national COVID-19 lockdown in the first half of the year in particular, as consumers stockpiled some products for fear of shortages and a long lockdown. However, foodservice volume sales have plummeted in 2020 due to the restrictions…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 4:58am — No Comments
After experiencing slow retail volume growth or slight declines for most of the review period, baked goods has seen a spike in its growth rate in 2020, due to the impact of COVID-19. The lockdown in the first half of the year led to panic-buying of some products, whilst to some extent this was also seen in various areas at other times when lockdowns were reimposed. Bath packaged products and frozen baked goods saw higher sales as a result of this trend. In addition, in times of crisis…
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Although in 2020 sweet spreads has seen a slight slowdown in its retail growth rates, this is not significant and growth has remained solid, with the minor slowdown likely to mainly be due to increasing maturity. However, consumers’ rising price-consciousness as a result of the economic impact of COVID-19 has meant that some trading down has been seen. For instance, nut and seed based spreads has seen by far the best performance in both retail volume and current value terms. This is because…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 4:48am — No Comments
Honey is by far the largest category of sweet spreads in India and was already seeing strong growth pre-COVID-19. However, sales of honey have shot up in 2020 with consumers attracted to its wide range of health benefits, including claims that it could potentially boost immunity. Leading producer Dabur India Ltd has been one of the key beneficiaries of this with its Dabur honey flying off shelves. With the company suffering in other areas of its business due to COVID-19 and the lockdown it…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 2:42am — No Comments
Sweet spreads is posting strong volume sales growth in 2020, with the surge in demand triggered by consumers’ response to enforced isolation brought about by COVID-19. More meals are being consumed at home given that many Canadians have been working and studying remotely in order to try to keep down the number of virus cases. This has seen consumers stock up on sweet spreads, which are staple foods and snacks in many diets. Some Canadians have been buying their favourite spreads in retail…
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Pandora A/S is a leading jewellery player globally, known for its personalised demi-fine pieces. In 2020, the company celebrated the 20th anniversary of its Pandora Moments Charm, and focused on its Programme NOW, designed to navigate the challenges caused by the COVID-19 pandemic. As a financially sound business with a well-established brand name, Pandora is aiming to overcome the crisis by reinforcing its efforts around digitalisation, innovation and large-scale CSR initiatives.
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Added by hemlata kumbhar on March 28, 2021 at 2:35am — No Comments
Quarantine in the US has contributed to an increase in home cooking. During the early months of the COVID-19 pandemic, consumers focused on stockpiling basic ingredients used for cooking, as there were widespread concerns about the ability of supply chains to cope. Butter was one packaged food category that benefited greatly from this behaviour. In order to accommodate interruptions in the supply chain as well as the growing demand, many stores limited the amount of butter consumers could…
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The wound care category saw slightly higher growth in 2020 than in 2019. This occurred as the COVID-19 outbreak resulted in consumers stocking up on such products prior to lockdown, in case they were needed for first aid purposes. The Movement Control Order (MCO) started on 18 March and lasted until 4 May, and was implemented as a preventive strategy by the Malaysian Government in an effort to contain the COVID-19 pandemic in the country. As a result, people were uncertain whether there…
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Wound care is the smallest consumer product area in Egypt and is expected to register the smallest value growth in 2020, as result of COVID-19. However, it is still expected to register double-digit value growth, though some of this growth is driven by inflationary pressures. With schools and gyms closed for much of 2020, there is expected to be less injuries and therefore less demand for wound care.
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Added by hemlata kumbhar on March 28, 2021 at 2:22am — No Comments
Most Chilean households have a cabinet for medical supplies that are considered essential, especially during challenging times such as the ongoing pandemic. The National Emergency Office (ONEMI) is also augmenting communication efforts to generate awareness and encourage the population to have emergency kits ready, both at home and in the car. The list was recently updated to include hand sanitisers, first aid kits, face masks and gloves in response to the COVID-19 threat. However, demand…
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The COVID-19 outbreak resulted in improved performances across the board in the weight management and wellbeing category, as consumers sought to lose weight in light of the pandemic. Meal replacement products represents the largest category and saw increased demand in 2020, as well as new launches. The category saw the relaunch of Nutrimeal in April 2020, a strongly performing meal replacement range from USANA Health Sciences Sdn Bhd. However, more expensive meal replacement products…
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Weight management and wellbeing is expected to register lower value growth than in 2019 and this is despite inflationary pressures. The product area is tiny in Egypt in terms of value share and core products such as meal replacement and supplement nutrition drinks are not sold in Egypt. Due to COVID-19, weight management and wellbeing products are expected to register lower value growth, as they are considered non-essential and consumers are spending their disposable income on products such…
ContinueAdded by hemlata kumbhar on March 28, 2021 at 2:07am — No Comments
As COVID-19 has increased consumer focus on hygienic and sanitary needs, discretionary categories like weight management have been pushed into the background in terms of priority. The pandemic has raised awareness of the importance of various health measures such as frequent hand washing and surface cleansing, with consumers now further focusing on adopting preventative solutions to prepare for potential hazards.
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Added by hemlata kumbhar on March 28, 2021 at 2:02am — No Comments
Despite already seeing strong double-digit current value growth rates for most of the review period, in 2020 vitamins is expected to see an almost doubling of its growth rate. Due to the COVID-19 pandemic, in the first half of the year there was a dramatic increase in demand for vitamins, as many people believed that their consumption could help them maintain their immunity and good health, and help prevent them contracting the virus. Moreover, from February 2020 the Ministry of Health…
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