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Wiseguy report's Blog – March 2021 Archive (340)

Global Energy Drinks Market Audience, Geographies and Key Players 2021

Energy drinks posted good growth in off-trade volume terms and exceptionally strong growth in off-trade current value terms in 2019, despite the harsh economic conditions and high unit prices. Energy drinks receive attention from busy Nigerians, who increasingly rely on this type of beverage for a daily energy boost. In addition, the boom in night life and the resultant use of energy drinks as an accompaniment for alcoholic drinks such as spirits drove growth, as energy drinks mixed with…

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Added by wiseguy report on March 26, 2021 at 1:51pm — No Comments

Global Concentrates Market Audience, Geographies and Key Players 2021

Concentrates are not a particularly popular drink in Slovakia, and interest among consumers remained low in 2019, mainly due to concentrates often unhealthy ingredients, and limited promotion. However, Slovak consumers do enjoy trying different flavour combinations, which led players to focus on new flavour launches in concentrates, aimed at adult consumption. This included flavour combinations such as basil and pink pepper, orange and thyme and lavender, released by Slovenske Pramene a…

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Added by wiseguy report on March 26, 2021 at 1:47pm — No Comments

Global Concentrates Market Segmentation, Demand and Supply 2021

Concentrates remained a comparatively small category within soft drinks in Nigeria in 2019, but continued to see strong off-trade volume and value growth. Given that a high percentage of the Nigerian population live below the poverty line, concentrates offer them the opportunity to consume cheap soft drinks, due to their low unit price. Parents like to put a soft drink in their children’s lunch boxes for school, and concentrates offer middle- and lower-income parents a cheaper alternative.…

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Added by wiseguy report on March 26, 2021 at 1:42pm — No Comments

Global Carbonates Market Segmentation, Demand and Supply 2021

Off-trade volume sales of carbonates are expected to see moderate decline in 2020, but on-trade sales are set to plummet, as cafés, bars and restaurants closed during lockdown and have operated at limited capacity since, or even shut down permanently. Even when the Finnish governments lifted the lockdown restrictions, they remained more rigid for bars and clubs, which are very important for sales of carbonates.…

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Added by wiseguy report on March 26, 2021 at 6:09am — No Comments

Global Carbonates Market Segmentation, Demand and Supply 2021

Following the outbreak of the COVID-19 pandemic in Ecuador, the country implemented a strict national lockdown which involved the closure of foodservice outlets, with takeaway and delivery services only permitted during the day. These closures will lead to a significant decline in on-trade sales of carbonates in 2020. Some of these sales will be picked up by off-trade sales as grocery retailers were able to remain open and offer delivery services during the national lockdown in Ecuador.…

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Added by wiseguy report on March 26, 2021 at 6:05am — No Comments

Global Carbonates Market Segmentation, Demand and Supply 2021

The impact of the virus and the government’s response to it is having severe repercussions on carbonates in the Dominican Republic, by some distance the largest part of soft drinks in the country. On-trade outlets including cafés, bars and restaurants were closed for all business except takeaway and home delivery in mid-March, and although the government began to ease some elements of lockdown in June, there are regional variations and the industry has yet to return to normal. Outlets…

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Added by wiseguy report on March 26, 2021 at 6:01am — No Comments

Global Carbonates Market Segmentation, Demand and Supply 2021

Prior to the pandemic, the global health and wellness trend was impacting consumers in Bolivia, with more and more consumers reaching for food and drink items that have nutritional benefits or low levels of sugar and fat. Growing concerns about obesity and diabetes have also helped drive demand for healthier products, and as a result, manufacturers have invested in new product development, to counter the decline. As such, carbonates players have been reformulating their products, responding…

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Added by wiseguy report on March 26, 2021 at 5:59am — No Comments

Global Carbonates Market Audience, Geographies and Key Players 2021

In response to the outbreak of COVID-19, the Belarusian government has not implemented any lockdowns or mobility restrictions in a bid to keep the economy afloat. However, as time progressed and cases rose, many Belarusians took it upon themselves to isolate, with some employers obliging their employees to work from home and over one quarter of parents taking their children out of school. As a result of some of the population spending more time at home in 2020, demand for larger package…

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Added by wiseguy report on March 26, 2021 at 5:50am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

In 2020, off-trade volume sales of bottled water is set to record double-digit growth, with sales in the on-trade channel shifting towards the off-trade, after the closure of foodservice outlets in March 2020. The bulk of this growth is coming from still bottled water, with consumers stockpiling goods during the lockdown period when many were working from home, and children were out of school. Stockpiling occurred as consumers were wary that the pandemic would create supply issues for the…

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Added by wiseguy report on March 26, 2021 at 5:37am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

Overall bottled water consumption is expected to drop slightly in 2020, as total volume sales are set to decline, but the hot summer months and relatively warm September prevented a deeper decline. Since Czech households experienced a decline in their purchasing power as a result of COVID-19, many of them looked for ways to economise their purchases, to the detriment of bottled water. Instead of purchasing plain bottled water, local consumers opted for high-quality tap water that is safe for…

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Added by wiseguy report on March 26, 2021 at 5:34am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

In contrast to longer-term overall stability, bottle water volume sales across all channels witnessed high levels of volatility on a monthly basis in the first half of 2020 as a result of the COVID-19 crisis, with rapid growth in March compared to March 2019, followed by double-digit declines in April and May, according to the trade association SMS (Verband Schweizerischer Mineralquellen und Soft-Drink-Produzenten - The Association of Swiss Mineral Water and Soft Drinks Producers). While…

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Added by wiseguy report on March 26, 2021 at 5:31am — No Comments

Global Bottled Water Market Audience, Geographies and Key Players 2021

The impact of the complete shutdown of the Italian consumer foodservice industry during the initial nationwide quarantine lockdown that was in effect between 10 March and 8 May 2020 placed enormous pressure on foodservice sales of bottled water during the year. Moreover, the on-trade volume sales lost due to the shutdown of the consumer foodservice industry were not outbalanced by any major increases in retail sales of bottled water. Furthermore, when cafés, bars, pubs and restaurants did…

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Added by wiseguy report on March 26, 2021 at 5:28am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

The impact of foodservice closures during the COVID-19 will be particularly dramatic in bottled water in Greece. Overall bottled water is expected to decrease in 2020 as off-trade growth is not expected to adequately compensate for the on-trade losses. Off-trade consumption will also be restricted in 2020 as a result of the COVID-19 lockdown, as consumers face reduced activities and more time at home. Off-trade consumption for outside of the home will also be reduced as well as on-trade…

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Added by wiseguy report on March 26, 2021 at 5:18am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

Bottled water sales is one of the few areas within soft drinks that is set to benefit from COVID-19 in terms of off-trade volume sales, although on-trade volume sales are expected to plummet, as with other categories. Bottled water sales have seen healthy growth rates since 2018, when manufacturers started offering a wide variety of multipack products, boosting volume sales. Consumers stockpiling bottled water during lockdown led to extra consumption in the first half of the year, and since…

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Added by wiseguy report on March 26, 2021 at 5:16am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

Bottled water is expected to register a decline in off-trade volume and off-trade current value sales in 2020, following the outbreak of COVID-19. Growth in bottled water will be hindered by the outbreak of COVID-19 because of the home seclusion enforced as a measure to curb the spread of the virus in 2020. During home seclusion, consumers have a greater access to tap water, water purchased in bulk, and also water purifiers. For many consumers in Ecuador, for example, it is relatively common…

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Added by wiseguy report on March 26, 2021 at 5:12am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

Total sales of bottled water are set to see a slight dip in total sales as a direct result of COVID-19. At the beginning of the pandemic, the Dominican Republic shuttered foodservice outlets including cafés, bars and restaurants for all business except takeaway and home delivery, and although the government began to ease lockdown in June, outlets still remain closed to dine-in consumers in September 2020. This has had a catastrophic effect on on-trade sales of bottled water that producers…

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Added by wiseguy report on March 26, 2021 at 5:06am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

In response to the outbreak of COVID-19, bottled water is anticipated to record declining volume growth rates, with some product areas even seeing a decline in sales. One of the most important factors negatively impacting bottled water has been the rise in remote working. Prior to the pandemic, it was common for companies to have several water dispensers for their employees to use throughout the day. However, with the closure of offices, demand for bottled water for this purpose has become…

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Added by wiseguy report on March 26, 2021 at 5:03am — No Comments

Global Bottled Water Market Segmentation, Demand and Supply 2021

Bottled water will see slowed current volume and value growth in 2020 overall. Bottled water has not been benefiting from the trends seen during the pandemic that have boosted other industries. For example, remote working and self-isolation has not led to increased consumption or demand for bottled water as consumers are more than happy to drink the water from their taps, saving money in the process. Likewise, the stockpiling trends seen in March did not include water for the same reason.…

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Added by wiseguy report on March 26, 2021 at 4:59am — No Comments

Global Tea Market Segmentation, Demand and Supply 2021

Much like coffee, over the review period, sales of tea improved through foodservice, as a huge number of cafés opened up in Sweden, attracting a greater number of visitors. This also included workers who used foodservice venues as an alternative work spot, with freelancers and office employees working from cafés, as well as being venues for consumers to socialise. During the initial outbreak of COVID-19, unlike other EU countries, Sweden did not introduce strict restrictions that closed…

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Added by wiseguy report on March 26, 2021 at 4:57am — No Comments

Global Tea Market Segmentation, Demand and Supply 2021

Supported by a wealth of online information and government initiatives, the health and wellness trend has become a key influence on consumer demand across a wide range of consumer product categories. Moreover, consumer health-consciousness has been bolstered by the experience of the COVID-19 pandemic, both because of the direct threat represented by the disease and awareness of potential health issues related to sedentary lifestyles and over-consumption of food during home seclusion.…

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Added by wiseguy report on March 26, 2021 at 4:53am — No Comments

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