COVID-19 Impact on Kraft Heinz, 2021 Update

COVID-19 Impact on Kraft Heinz, 2021 Update, reports key findings as of 5th October, 2021 based on market analysis and brand diversification by industry and geography.

Kraft Heinz is a global player, with a strong portfolio of brands in the food, non-alcoholic beverages, and baby care industries. The company’s net sales increased by 6.2% YoY in 2020, led by the increased demand of packaged food on both online and offline channels due to the lockdown. The overall business of the company in all the industry is also projected to grow during 2020-2025 across all the regions, thus leading to the growth of the company.

Scope

• Countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region
• Food industry is expected to register the highest growth in the Africa region over 2020-2025
• Kraft Heinz has its presence in the food, baby care and non-alcoholic beverages industries, owning a variety of popular brands
• The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and alcoholic drinks will grow the fastest, backed by premiumization in selected sectors
• Africa and Asia present ample growth opportunities for Kraft Heinz over the forecast period

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