Record growth in the food industry in 2020
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.
Related news
Pessimistic retail sector, with expansion intentions
Tibor Bodor, the head of K&H Bank’s corporate division gave…
Read more >Polish Deputy Prime Minister: the EU-Mercosur cooperation agreement threatens Polish agriculture
The cooperation agreement to be concluded between the European Union…
Read more >Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >