Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives
You are here: Home >news >Retail Food Sales Still Up, but Rate Slows

Retail Food Sales Still Up, but Rate Slows

2020-04-20 foodprocessing

Tag: retail food packaged food coronavirus

Share       

The surge of coronavirus-inspired grocery sales is showing signs of settling down, according to the latest sales figures from Nielsen.

U.S. packaged food sales rose 24% for the week ended April 4 compared to last year. While it’s still an increase, the rate of increase was below the 32% registered a week earlier. Sales of pantry staples like canned soup, pasta and beans were all down.

Analysts attributed the slowdown mainly to the end of the wave of panic buying that first greeted the virus crisis. In addition, some grocery stores are limiting hours or the number of customers allowed inside, further constricting sales.

“once everybody had stocked their fridges and there’s not this panic buying, it’s just going back and filling the gaps,” Mary Ledman, a global dairy strategist at Rabobank, told Reuters.

Meanwhile, the lack of demand on foodservice continues to weigh on the industry. Rabobank estimates that every 10% decline in foodservice sales translates only to a 3% gain in retail.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121  沪公网安备31010402001403号

Inquiry Basket

Inquiry Basket

Buyer service

Buyer service

Supplier service

Supplier service

Top

Top