Consumer foodservice was one of the industries most badly impacted by the pandemic and its slew of restrictions, recording major losses across regions. It has been recovering in most areas of the world since the pandemic, although the recovery is starting to slow, due to high inflation rates pushing up costs and eating into consumers’ disposable incomes.
Globally, sports nutrition is the fastest growing consumer health category since the onset of the COVID-19 pandemic, with double-digit growth for three consecutive years to 2023 (at USD fixed current rate).
Sustained high inflation has hit sales of home and garden products across most of Western Europe, as well as in many countries in the Asia Pacific region. With consumer confidence shaken by rising prices, exerting downward pressure on people’s purchasing power, shoppers are postponing purchases of big-ticket items like furniture, as they prioritise spending on daily essentials.
Consumers are increasingly aware of the negative effects of sugar, salt and fat on health, driving investment in healthier snacks across Western Europe. However, with obesity levels remaining high, government regulation stands to have a sudden, radical impact on the industry, notably with the prospective implementation of HFSS legislation in England in October 2022.
At this year's Interzoo, the biggest trade fair for the pet industry worldwide, which took place in Nuremberg in May, there were, as always, many new and innovative products and ideas for the pet market to marvel at. Here, we look at the key trends shaping the pet industry.
Social occasions and travel have made a comeback, boosting the recovery of fragrances, colour cosmetics and sun care in Western Europe. But inflation is now in the mix, and consumers want their beauty products to do more. New trends (hint: multifunctionality) are emerging in the region as pandemic-related changes subside. What are consumers looking for in their personal care products today and where are they buying them? Listen in to find out.
According to Euromonitor’s latest research on alcoholic drinks, the UK is showing a clear trend towards domestic products with a distinctive, modern heritage and premium cachet. Anna Ward explores this burgeoning trend, and asks how sustainable it is, given the cost of living crisis and rising inflation.
As cost of living concerns rise, value creation has become a defining feature of beauty in the UK, while digital engagement offers brands unique ways in which to connect with target consumers. Demand for sustainability remains high, with regulation leading change, while heightened awareness of mental wellbeing promotes products with ties to emotional wellness.
This episode is part of a series we have recently started, that explores how hybrid working has impacted several industries in Western Europe. This is the second episode in the series. We will focus on how retailers in the food and nutrition space are responding to this recent change in working patterns, in terms of retailing, product assortment and distribution.