The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market.
While Indonesia, planning to expand production, fights for the EU's recognition of palm oil as a biofuel, Malaysia is faced with an acute shortage of labor due to the outflow of guest workers after the pandemic.
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
The European potato chips market is estimated at $4.5B (in wholesale prices). The production of chips in the largest EU countries quickly recovered after a short-term drop caused by the pandemic. Based on 2020 data, the potato chips market is one of the markets less affected by the pandemic and is expected to retain its current upward trend pattern.
The mollusc market is expected to contract over 2020 amid a marked drop in demand from the HoReCa sector, and will resume weak growth in 2021 as the HoReCa and tourism sectors find their ‘new normality’.
In 2019, the EU market for jams, jellies, puree and pastes decreased by -4.4% to $3.9B, falling for the second...
The global sugar market rose to $105.3B in 2019, surging by 1.9% against the previous year. This figure reflects the...
Given the pandemic-related limitation of the HoReCa and retail sector, the smoked salmon market is not expected to post any tangible gains in 2020. Afterward, the market is forecast to resume gradual growth, driven by gradual population growth and the recovery of the HoReCa industry.