Yerba maté is a traditional other plant-based hot drink consumed by the masses in Uruguay. Therefore, the overall performance of the product area, and overall hot drinks, is heavily influenced by that of other plant-based hot drinks. The per capita consumption of yerba maté is one of the highest in the world, as the beverage is consumed by Uruguayans of all ages and income levels. Yerba maté is a popular breakfast or afternoon drink. The tradition of consuming yerba maté is so entrenched in…

Juice consumption in 2020 is expected to record a steep decrease in response to the outbreak of COVID-19. Nectars in particular has been hit hard, with many consumers switching to still drinks due to the lower priced point of the latter. Likewise, many consumers have also migrated from juice to value-priced concentrates which are not only lower priced but also last longer meaning consumers can visit the shops less and therefore reduce possible contact with the virus. Similarly, with many…

In 2020, in response to the pandemic, consumption of hot drinks has been somewhat impacted as the Uruguayan economy has continued to suffer as a result of COVID-19. The Uruguayan GDP is projected to downfall -3.0% in 2020 well over -5,2% decrease for the average of other Latin American countries, according to the estimates of the International Monetary Fund in April 2020. Likewise, purchasing powers have been reduced and the unemployed rate has rocketed. As a result, many consumers have been…

In 2020, volume and current value sales of energy drinks have continued to grow, however at a much slower rate as growth rates decline in response to the pandemic. Although consumption has likely dropped as a result of the ongoing restrictions, many have likely continued to consume energy drinks as it is frequently purchased by employees needing an energy boost to get through their working day. Furthermore, energy drinks overall has benefited from the expansion of leading brand Montevideo…

Towards the end of the review period, volume sales of concentrates was dropping notably. However, in response to the COVID-19 pandemic in 2020, concentrates is anticipated to recover, with volume sales growing noticeably. The economic repercussions of the pandemic have led to rising unemployment rates in Uruguay and subsequent declining disposable incomes. As a result, consumers have been forced to gravitate towards value products within soft drinks. As concentrates are often much lower…

In 2020, coffee is anticipated to be negatively impacted by the pandemic in terms of volume with all product areas predicted to see declining volume growth. In response to the financial repercussions of the pandemic, many Uruguayan consumers have been limiting their spending of coffee and instead investing in value-priced other plant based hot drinks such as yerba maté and tea. Likewise, in response to the increased periods of time spent at home, consumption opportunities in 2020 have been…

Retail current value sales of packaged food in Tunisia was relatively stable in the face of COVID-19 during 2020, reflecting the fundamental inelasticity of demand for these products. With the exception of hypermarkets, which were forced to close for a brief period, grocery retail outlets have continued to operate without significant disruption. As a result of the lockdown and other pandemic-related regulations, Tunisians have been forced to spend more time at home in 2020, spurring more…

The majority of packaged food types are set to enjoy retail volume boosts during the COVID-19 pandemic and the long periods of lockdowns and home seclusion imposed by the authorities as part of the national and regional responses to the virus. Given the restrictions placed on consumer foodservice and home seclusion, Russians had little option put to prepare food at home for the family. Many stocked up on packaged food which is suitable to store at home in cupboards and freezers in order to…

In response to the pandemic in 2020, tea volume sales will be impacted slightly, with some product areas seeing a decline. The main reason for this has been due to the financial implications of the pandemic, with many consumers having their purchasing powers reduced. As a result, consumers have been limiting the amount they spend on products such as tea. Black tea especially will see declining volume sales as consumption has decreased in favour of yerba maté which is considerably lower…

In response to the outbreak of COVID-19, sports drinks is anticipated to see both declining current value and volume growth rates. This has been underpinned by consumers’ reduced purchasing powers, and the unemployment rate which has been rising notably in 2020 overall. With constrained discretionary income, consumers have reduced spending on soft drinks in non-essential product areas, which includes sports drinks. Furthermore, due to the closure of gyms and sporting facilities, demand has…

Most product areas within soft drinks have been negatively impacted by the outbreak of COVID-19 in 2020 overall. The most notable factor that has been causing shifts in consumption habits is the financial consequences of the pandemic as the economy has been continually struggling. Since March 2020, unemployment rates have been surging and disposable incomes diminishing, leading to a wider poverty gap and even more inequality in the country. As a result, many Uruguayans have been forced to…

The Romanian government was one of the first in Europe to impose social distancing measures. With a lockdown in place and cafés, restaurants and non-grocery stores closed, soft drinks sales were negatively affected to varying degrees, with on-trade channels clearly being hit harder than off-trade. Soft drinks which are deemed to be healthy (such as bottled water, especially fortified water, and juice) are faring better than those with a negative health perception, such as those with a high…

In response to the outbreak of COVID-19, carbonates is anticipated to perform badly in terms of volume, with most product areas seeing declining sales. The main factor contributing to this loss has been the financial repercussions of the pandemic, as unemployment rates surge and purchasing powers decrease. As a result of Uruguayans trying to save money, they have cut their consumption of unessential products such as carbonates. Likewise, consumers shifted their purchasing habits from the…

Bottled water is set to record both declining volume and current value sales in 2020 as a result of the pandemic, with volume sales dropping more notably than current value. Although consumers have been spending more time at home during 2020 and home consumption of water has increased, this has not been beneficial for bottled water as more and more Uruguayans have had tap water filters installed into their homes. Also, as drinking tap water is the most cost-effective offering, many…

The most important impact of the COVID-19 pandemic on Ukraine’s financial cards and payments industry during 2020 was a substantial decrease in transactions of value and volume across all categories as consumer spending slumped over the course of the year. As the pandemic situation unfolded, key sectors of the Ukrainian economy faced a lengthy shut down, notably services industries such as retailing, consumer foodservice, travel and tourism and leisure and entertainment, among others.…

2020 saw debit cards remain by far the most popular and most widespread type of financial cards in Ukraine, with there being three and half times the number of debit cards than credit cards in circulation. Debit card usage increased over the course of 2020 as the COVID-19 pandemic increased the importance of financial cards generally. Nevertheless, much of the increased usage of debit cards can be attributed to the dramatic increase seen in the use of debit cards to withdraw cash from ATMs.…

The number of credit cards and circulation increased substantially during 2020 as the category became increasingly attractive to significant numbers of Ukrainian consumers. The main reason for the strong growth in interest in credit cards was the adverse economic situation that emerged in the wake of the COVID-19 crisis. With many households experiencing pressure on their incomes at the peak of the COVID-19 situation, consumers turned to credit cards as a convenient and easy source of…

Nigeria over the review period. More consumers are working outside the home environment and are demanding more convenient food, such as soup. Increased visibility in fast growing modern grocery retail outlets such as supermarkets and hypermarkets, which stock more western products than other outlets, also contributed to the growth. The main consumer demographic for soup is the growing expatriate communit...

Euromonitor International's Soup in Nigeria report offers a comprehensive…

Sauces, dressings and condiments will see good retail performance in 2020 despite the COVID-19 crisis, due to the growth in stock cubes and powders which drives the overall category. Stock cubes and powders are a crucial ingredient in Nigeria cooking, thus with more consumers staying at home and doing more cooking at home the product maintained good demand, although not as much as in 2019, due to weakened consumer disposable income. Strong competition in the powder category is partially…

Rice, pasta, and noodles continue to be very popular staples that are high in demand among the growing population. Thus, they will see a relatively good performance in retail in 2020 despite the poor economic conditions. Noodles remains a particularly convenient and cheap meal and thus continued to benefit from the growing Nigerian population as well as the home seclusions due to COVID-19 in 2020. Rice will see relatively slower volume growth as the category was already under some disruption…