Record growth in the food industry in 2020

By: Trademagazin Date: 2021. 04. 23. 11:04

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The global food sector achieved a record 10% increase last year, largely due to restrictions preventing the spread of the coronavirus epidemic, which caused people stuck at home to cook, bake and drink more.

According to market research firm Kantar, everything from canned meats and beer to sugar and bleach has been rushed off the shelves by shoppers.

Most of the purchases were made in the United States, followed by Western Europe, Latin America, Eastern Europe and Asia.

The survey gathered data from households in 42 countries, representing 66% of the world’s population and 83% of gross domestic product (GDP), Kantar said.