COVID-19 Impact on Kellogg Co., 2021 Update

COVID-19 Impact on Kellogg Co., 2021 Update, reports key findings as of 11th October, 2021 based on market analysis and brand diversification by industry and geography.

Since the start of pandemic in 2020, Kellogg reported that the demand for at-home consumption was significantly increased until Q2 2021. However, with rapid vaccination drives in major countries and the reopening of workplaces, the demand for on-the-go snacks pack formats will rise, leading to the growth of the company. Kellogg's investments in new technologies, strategies to ride the ecommerce wave, and expansion into Africa, the Middle East, and Asia will offer growth prospects in the coming quarters.

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
• African food industry is expected to register highest CAGR of 9.1% during the forecast period 2020-2025
• Kellogg Co. operates in the food industry, offering products under 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
• Africa, the Middle East, and Asia offer favorable market conditions for Kellogg’s sales growth

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.