Back to Career News

Household consumption for groceries lifts due to increase in demand

August 11, 2020

Household consumption for groceries lifts due to increase in demand

Household intake of groceries and home and personal care merchandise surged to a two-year excessive during the April-June quarter, according to a research firm, as purchasers stocked up on those products even as hunkering down in their homes because of COVID-19-related regulations.

The rapid-shifting purchaser goods market increased 4.3% in extent and greater than 8.5% with the aid of value for the duration of the zone, consistent with statistics from Kantar Worldpanel. Kantar’s numbers evaluation with records from marketplace researcher Nielsen, which confirmed the market, declined 18%.

This is probably because Nielsen especially covers retail income of packaged items even as Kantar tracks household intake of each branded products and those from the unorganized segments.

Recommended for you ...

Temasek to back BigBasket in $400 million round
Temasek to back BigBasket in $400 million round

September 29, 2020

Walmart to join hands with Tata group
Walmart to join hands with Tata group

September 29, 2020

Health ministry launches portal for COVID-19 development
Health ministry launches portal for COVID-19 development

September 29, 2020

Chat on WhatsApp