These pandemic snacking and drinking habits are here to stay, candy and booze companies say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

With consumers staying home amid the pandemic, many shifted to new, pricier alcohol brands and bigger bags of candy, Beam Suntory and Mars Wrigley execs said.

Ready-to-drink cocktails have also seen a boom as drinkers want that at-home bar experience without the work.The Covid-19 pandemic significantly changed consumer behavior from where they shopped to what they bought.

Spence said that resulted in a lot of consumers moving to higher-priced brands or "premiumization," a trend that has continued. She also noted the boom in e-commerce sales, especially in the U.S., where online shopping for alcohol has lagged in the past. Among online buyers of alcohol in the U.S., 54% said they made their first purchase during the pandemic, according to spirits industry market analysis firm IWSR.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They wish

One notices the Left strayed from its good diet mantra to a pharmaceutical narrative with covid. tt:lizpeek berthacoombs

Yes, American obesity is here to stay.

Can’t afford to snack or drink….or dine out or go to the movies. That money now goes into my fuel tank so I can still go to work and make less money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hershey Company says plans for new manufacturing plant remain up in the airThe candy and snack manufacturer is proposing to build the facility at the former Friendly's restaurant.
Source: PennLive - 🏆 463. / 53 Read more »