This report forms part of Euromonitor’s Voice of the Industry series and features the results of a survey of professionals working in the Packaged and Fresh Food industries. It examines their opinions regarding short-, medium- and long-term developments and market trends in a post-pandemic world facing strong economic challenges.
This report comes in PPT.
According to professionals in the food and nutrition industry, the supply disruptions and inflation effects were the most significant factor affecting food sales in 2022 while health and wellness is set to gain particular importance over the forecast period.
The majority of industry professionals believe that 2023 and 2027 (relative to 2022) will see growth across retail value sales of the total food industry.
Sales of private label/value for money ranges are expected to increase in 2023 given the strong inflationary pressures.
E-commerce is expected to maintain its positive performance and continue gaining share across the forecast period.
Most food spending in away-from-home channels has already returned to pre-pandemic levels according to most industry professionals. The lifting of COVID restrictions in many parts of the world led to more confidence going and eating out or what has been coined “revenge dining”.
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