COVID-19 Impact on Hershey, 2021 Update

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

Hershey is one of the major companies in the confectionery sector, with various well-known brands. The company’s strong brand portfolio is expected to assist the company in recovering from the lows of 2020. Furthermore, the company is actively investing in research and development and acquisitions to expand its portfolio of healthier confectionery products in order to cater to the growing demand. The company should focus on developing its business across the fast-growing market such as Africa and the Middle East to gain more growth in the foreseeable future.

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 and non-alcoholic beverages industries are expected to witness growth during 2020-2025
• The Hershey Company operates in the food and non-alcoholic beverages industries, offering well-known 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
• Favorable market conditions in Asia is expected to present ample opportunities for the growth of Hershey

Reasons to Buy

• Understand the challenges and opportunities for a specific company in order to tap into what is really impacting the industry.
• Gain a broader appreciation of the fast-moving consumer goods industry by gaining insights from both within and outside of your sector.
• Access valuable strategic take-outs to help direct future decision-making and inform new product development.