When the COVID-19 pandemic hit, retail volume sales of sweet spreads increased as Austrians spent much more time at home and consumed sweet spreads at breakfast. However, as Austrians began to spend more time outside in 2021 and 2022, volume sales of swee…
In 2022, volume sales of sauces, dips, and condiments declined again, similar to the previous year, as demand returned to normal levels from the double-digit growth seen during the pandemic's initial year. Austrian consumers are spending more time outside…
Retail value sales of meals and soups recorded substantial growth in 2022. Inflationary pressures were a key contributor to this strong value increase, while volume sales recorded marginal growth. The cost of raw materials, shipping, labour wages, and ene…
Edible oils such as sunflower and rapeseed oil continue to be staple items in Austrian households. In the first year of the COVID-19 pandemic, demand for these oils soared due to stockpiling and home seclusion. However, sales have been on the decline sinc…
Stronger price increases due to the soaring costs of raw materials and production, shipping and energy was the main theme in 2022. In most product areas, volume sales declined further from 2021 as demand continued to normalise with Austrians emerging from…
Sales of cooking ingredients and meals are dominated by offline retailers, mainly driven by supermarkets, small local grocers and hypermarkets. With the onset of the COVID-19 pandemic, e-commerce has been thriving with increasing acceptance from broader c…
McCormick’s business is focused on North America, but it is expanding its global footprint. Its focus on flavour solutions appeals to consumers who continue to cook at home, with hybrid working models further boosting this trend. Globalisation of food is …