ROCKVILLE, Maryland., September 13, 2021 / PRNewswire / – Sales Increased Significantly in 2020 (+ 14% from 2019 Levels) Due to Coronavirus Impact, According to Packaged Facts Reference Coverage Update of Product Sales food retail in Food market outlook 2021: groceries, home cooking and food preferences in a time of waning pandemic.
Consumers have sharply reduced dining out or the use of school cafeterias and instead shopped more grocery shopping to prepare and eat most meals and snacks at home. Going forward, retail grocery sales are expected to grow at a much slower pace in 2021 from this high base as Americans receive vaccines and much of the country reopens to more normal operations, including including eating in restaurants and cafeterias, by mid-year.
Pandemic-induced home eating revived dormant and declining food categories and boosted sales of growing ones. Americans have eaten unprecedented amounts of food at home over the past year and a half for breakfast, lunch, dinner, and snacks. The top-selling food categories in 2020 and 2021 reflected these trends and included products that can be stored and stored, and meal prep and / or snack items.
Food market outlook 2021: groceries, home cooking and food preferences in a time of waning pandemic analyzes and highlights short-term factors in the context of overall industry development and long-term consumer preferences and behaviors, as well as marketing and product development innovations.
Actionable information is available as this report examines COVID-related behaviors during the pandemic and beyond. Marketers will be challenged over the next few years to maintain growth after record sales in 2020. These rapid gains were unprecedented, short-term, and will not happen again. Headwinds to overcome and innovate through 2021 include the resurgence of out-of-home consumption, lingering supply issues, as well as the predominantly mature nature and slow growth of most food categories. Rising food prices may limit volume sales to some extent, but it will contribute to the growth of retail trade in terms of value. The rise of the Delta variant and the threat of future variants, as well as a freeze on vaccination rates, complicate sales forecasts for 2021 and beyond.
The extraordinary impact of the crisis has considerably changed the behavior of consumers, accelerating the manifestation of many of them. Several trends in the food industry will gain further popularity in 2021 and beyond, including plant-based, lab-created / grown-up alternatives, healthier products, healthier pleasures, restaurant quality at home. home, sustainable packaging solutions and developments in online sales and distribution.
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