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2020 saw a steep fall of 18% for weight management and wellbeing, led by wholesale changes in lifestyles during lockdown that are encouraging consumers to adopt a more holistic approach to their weight management.
Sales of sports nutrition fell by a significant 12% in 2020 due to the impact of the pandemic. With gyms, yoga and fitness centres all forced to close for various periods between March and August 2020, and large annual sporting events such as Standard Charter Marathon and the Spartan Race cancelled, the average consumer had limited opportunity to exercise to a point of consuming sports nutrition. While in some countries, the same conditions pushed consumers towards exercising in their homes,…Continue
While sleep aids are expected to record decline of 6% in 2020, this is one of the most resilient categories in consumer healthcare. This is due to the pandemic causing increased levels of insomnia in Hong Kong as large numbers of people worry about losing their jobs and about their health. The terms “insomnia” and “can’t fall asleep” racked up their highest number of searches of all time on Google during Q2 2020.
Rice, pasta and noodles is experiencing stronger retail value and volume growth in 2020 compared to 2019, helping to offset the sluggish growth of the review period. This reflects increased demand during the COVID-19 pandemic and stockpiling by consumers before and during the country’s lockdown period. According to the CEO of leading player Myllyn Paras Oy, the increased demand lasted for at least four weeks, with demand for pasta also rising sevenfold over a week. After initially being…Continue