COVID-19 Impact on Mars, Incorporated, 2021 Update, reports key findings as of 24th November, 2021 based on market analysis and brand diversification by industry and geography.
Mars is one of the major companies in the confectionery sector, with a portfolio of well-known brands. The company’s strong brand portfolio and geographically diversified operations are expected to drive its future growth. Furthermore, the active investment in AI, health & wellness, and the acquisition of the Foodspring company to expand its portfolio will provide a much-needed impetus to its growth. Concurrently, the pet care industry will grow relatively quickly in the coming years, which is likely to lead to high competition in innovations. To take advantage of favorable market conditions, investing in quality-driven pet care innovations may be an opportunity.
Mars is one of the major companies in the confectionery sector, with a portfolio of well-known brands. The company’s strong brand portfolio and geographically diversified operations are expected to drive its future growth. Furthermore, the active investment in AI, health & wellness, and the acquisition of the Foodspring company to expand its portfolio will provide a much-needed impetus to its growth. Concurrently, the pet care industry will grow relatively quickly in the coming years, which is likely to lead to high competition in innovations. To take advantage of favorable market conditions, investing in quality-driven pet care innovations may be an opportunity.
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
- Pet care and food industries to lead the growth of consumer goods over the forecast period
- Mars operates in three industries, offering products under well known brands across the globe
- 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
- The outlook of Mars’s key businesses, food and pet care, is favorable for the company in the coming years
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.
Table of Contents
- Covid-19 Impact Analysis on Mars, Incorporated Key Findings as of November 24, 2021
- Geographic Spread Analysis - Mars’S Brand Sales
- The Impact of Covid-19 and Economic Recovery Prospects
- The Forecast on Mars’S Regional Industries
- Company Overview - Mars
- Consumer Goods Industry Impact
- About the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mars Incorporated
- Foodspring