As a result of the global COVID-19 crisis, retail demand for products in baked goods is expected to increase in 2020 as bread is considered an essential product and consumers are eating more meals at home during COVID-19 home seclusion. For parents, especially, bread is an important product as it provides a quick and easy meal solution for their children whilst children could not attend school. As such, retail volume sales and retail current value sales in baked goods are expected to…

COVID-19 and the subsequent lockdown in quarter two of 2020 resulted in heightened consumer interest in being healthy in the medium/long term resulting in decreased demand for unpackaged leavened bread and unpackaged pastries due to hygiene concerns. Unpackaged leavened bread is by far the largest category in volume terms in baked goods in Hungary and has been in decline over the entire review period as consumers are becoming increasingly health-conscious and paying greater attention to…

In 2020, baked goods will be affected by the curfew restrictions imposed in Guatemala due to the COVID-19 pandemic. In fact, foodservice volume is expected to sharply decline in 2020 due to mandated closures of non-essential businesses, including horeca outlets, in correspondence with national lockdown restrictions. These outlets are expected to be closed for most of the year, while the country is working on loosening its lockdown requirements, hoping to end most of them by October 2020 if…

COVID-19 and the subsequent lockdown in quarter two of 2020 resulted in more Greek households spending time at home leading to many consumers kneading and baking their own bread; consequently, it was difficult to find yeast at grocery retailers during this period. Therefore, it is expected that the baked goods category will see a decline in retail value growth in 2020. Furthermore, due to hygiene concerns, it is likely that there will be decreased demand for all unpackaged baked good…

The rate of growth in retail volume sales of baked goods in Egypt will decelerate during 2020, as will the growth rate of retail current value sales, largely due to impact of COVID-19 restrictions on consumer confidence and the fact that consumers have been spending more time at home and thus making fewer impulse purchases. There was some panic buying during the early stages of the pandemic, but this was short lived. This increase in retail volume sales of baked goods will be more than…

In 2020, baked goods is expected to see slightly higher current value and retail volume growth than in the previous year. The most beneficial impact of COVID-19 was the shifting of eating occasions to the home in 2020. Due to lockdown restrictions that included nightly curfews and the closure of non-essential establishments, many locals’ lives were restricted to the home realm for a significant part of 2020. As a result, even the most reluctant cooks entered the kitchen with increasing…

As was the case in 2019, retail current value sales of baked goods will be flat during 2020. However, this does not imply that COVID-19 has not had any impact on demand – volume sales exhibited a small, but significant, decline. During the early stages of the pandemic, there was significant panic buying, as consumers feared a shortage of bread. Moreover, with restaurants closed for an extended period, consumers ate more bread and pastries at home. However, these drivers of growth in retail…

As a result of the COVID-19 lockdown, demand for packaged leavened and flat breads in Costa Rica in 2020 has increased as more consumers spend time at home. This is a result of their longer shelf life and convenient packaging, as well as their more affordable unit prices and versatile uses. However, demand for packaged cakes and pastries declined in 2020, largely due to the closure of schools, where previously single portion servings were regularly offered to the children. During the…

Retail sales of baked goods are set to see a slight decline in growth in 2020 in volume. The direct cause of this is the Colombian government’s response to the COVID-19 virus. On 17 March, President Iván Duque declared a state of emergency, followed by the announcement of 19-day nationwide quarantine, starting on 24 March. The country has been under varying degrees of lockdown ever since, with consumers working from home where possible, the closure of non-essential retail and the closure of…

While packaged food retail sales have generally been bolstered in 2020 by an increase in at-home food consumption as a result of COVID-19, baked goods has been negatively affected by disruptions to production and distribution. Both packaged and unpackaged baked goods have suffered, though the unpackaged segment has been hit hardest due to consumers’ limited access to retail outlets, increased concerns about food hygiene during the pandemic, and the fact that the shorter shelf life of such…

Baked good is expected to be largely unaffected by COVID-19, with retail volume and current value growth consistent with growth rates over the review period. Bread is an important staple of the Cameroonian diet, and accounts for most of value sales of baked goods, with only a couple of percent of value sales spent on pastries and cakes. There was a slight change in consumer behaviour in that more consumers bought packaged baked goods due to hygiene concerns in relation to COVID-19. However,…

Current value sales of baked goods are anticipated to grow significantly in response to the pandemic in 2020 overall. The main reason for this will be due to the increased consumption of baked goods over lockdown. With many of the key product areas such as leavened bread often consumed at breakfast, demand has risen as consumers have been spending more time on the preparation and consumption of breakfast. Prior to the pandemic, breakfast was often a rushed meal, however during lockdown…

Baked goods is anticipated to see a lower retail current value and volume growth rate in 2020 compared to the previous year. With home seclusion, Azerbaijani consumers have been baking bread, cakes and pastries at home more than in any other year, leading to lower demand for packaged baked goods through retail than usual.

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IHG`s focus on mid-market hotels, such as Holiday Inn has stood it well in the light of the COVID-19 pandemic where this segment has been more resilient. The group is currently adding more brands more mid-market brands with Avid and Atwell Suites. IHGs presence is currently focused on the US but its expansion is pivoting towards the Asia Pacific. Speculation about a merger with Accor re-surfaced in 2020, such a merger would increase IHGs presence in Western Europe.

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Overall consumer expenditure in Romania has been negatively impacted by the COVID-19 outbreak and consequent widespread decline in demand for services, tourism and foodservice throughout the country. Consumer payments were already shifting away from cash before the pandemic, in line with ongoing technological development and rising demand for convenience. As a result of hygiene-related concerns, along with recommendations from leading health authorities and retailers during the peak of the…

The COVID-19 pandemic has accelerated migration towards non-cash payments in Romania. Indeed, contactless debit card payments are increasingly becoming the norm throughout the country. Debit card usage has therefore been boosted by the pandemic, in line with rising health concerns among consumers and growing focus on hygiene among retailers.

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With cash usage in decline throughout Romania, credit cards continue to gain a growing share of consumer payments. In addition, the massive rise in e-commerce following the COVID-19 outbreak has also helped to support this trend. Although consumer spending was negatively impacted by the pandemic and resulting restrictions, the portion of payments accounted for by credit cards has increased as consumers continue to move away from cash. Online shopping and delivery are already well-developed…

In 2020, the COVID-19 outbreak led to a sudden slowdown in consumer lending in Romania, with the pandemic significantly reducing appetite among consumers to take on debt. Declining incomes and rising uncertainty over economic prospects also negatively impacted demand for loans. As a result of the extended lockdown, economic uncertainty, alarming and contradicting messages in the media, and a massive rise in unemployment, consumer credit gross lending declined. However, while non-card lending…

Charge cards remains a marginal category in financial cards, consisting almost solely of fuel cards. Commercial cards account for the vast majority of transactions, with use of personal cards remaining negligible. Unlike debit and credit cards, in Romania charge cards has not benefited from the shift away from cash among consumers fuelled by COVID-19. The pandemic brought the majority of business travel to a halt in Romania, both nationally and internationally, as government travel…

Hot cereals has seen sales negatively impacted by interruptions to distribution channels as a result of measures to contain the spread of COVID-19 and the fact that the outbreak affected the celebration of the Chinese New Year when hot cereals are traditionally often chosen as a gift. The flakes and children’s breakfast cereals categories have also been adversely affected by channel interruption during the COVID-19 pandemic. However, muesli and granola, which has a stronger presence in the…