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Food and beverage: The only sector to grow in 2020 — and possibly beyond

from By Bambi Majumdar

MULTIBRIEFS EXCLUSIVE Food and beverage: The only sector to grow in 2020 — and possibly beyond By Bambi Majumdar A recent Euromonitor report states that the COVID-19 pandemic has changed consumer buying behavior drastically. As a result, food and beverage is the only sector projected to see robust growth this year. Retail analysts show that while global spending will fall by 4.3% this year, the food and beverage industry will grow at just above 2%. Euromonitor also predicts that consumer choices may change permanently. Its predictions are based on lifestyle trends that came out of the pandemic. READ MORE

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