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Learn moreFeb 2021
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Many areas of packaged food benefited from stockpiling in early-2020 in response to concerns over potential product shortages due to the impact of the COVID-19 pandemic. Many consumers also stocked up as they sought to minimise shopping trips away-from-home.
The initial impact of COVID-19 in Pakistan began at the start of 2020 as Pakistan International Airlines (PIA), cancelled all flights between Pakistan and China for most of January. By March government-enforced restrictions began as Pakistan’s borders were closed and flights were grounded.
While Nestlé remains the leading player in packaged food, domestic players dominate overall sales. Indeed, the only two major multinational players are Nestlé and Unilever in sixth position, with all of the remaining names in the top 10 being local players.
Traditional grocery retailers remains the leading distribution channel for packaged food, primarily due to the dominant position of independent small grocers. Other grocery retailers also retains a significant presence and this is due to the popularity of open markets, particularly in rural areas.
With foodservice outlets closed during the lockdown and facing ongoing restrictions in its aftermath, most product areas are expected to see foodservice volume decline in 2020. Sales volumes over the year will thus shift from foodservice outlets and large catering events, due to COVID-19 restrictions, being reliant largely on domestic consumption.
The COVID-19 pandemic may result in some economic uncertainty in 2020 but Pakistan is expected to see stronger economic growth from 2021 onwards, due to rising external demand and government support for the socially disadvantaged. Rising disposable income levels will result in an expanding mid-income group, which will support stronger current value growth for overall packaged food in the forecast period.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Packaged food industry in Pakistan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Packaged food industry in Pakistan, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from the category reports in Pakistan for free.
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This industry report originates from Passport, our Packaged Food market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.