It is very important to comprehend the dynamics of economics in 2020 before we scrabble through this topic. As the COVID-19 raged through the world in 2020 engulfing lives and economies, our lives suddenly changed completely. There have been fewer challenges like this in history that were so tremendous and brought a complete change in lives and gave a new normal to live. This pandemic brought newer challenges with it which made us take some fast yet effective steps.
When the world had to enter this strange territory, the first important thing it hit was the world economy which is still rebuilding and recovering. According to an estimate by the IMF, the global downturn in the economy in 2020 was the greatest economic event since the Great Depression of the 1930s. Now, we have started to build a post-COVID stable economy on the individual level but it will take some time to recover from this huge setback. Similarly, when we juxtapose the growth of 2019 with 2020, cleanliness products have been all the rage now. We have read an article related to 10 Fastest Growing Food Brands shared by Insider Monkey. According to their post:
“In 2019, among the list of the ‘Fastest-Growing Brands’ by the Morning Consult, many belonged to the food and beverage industry. For instance, brands like Sargento Food Inc, FIJI Water, Chewy.com, Jersey Mike’s Subs, KIND Snacks, Dole, and Impossible Foods were able to successfully have a lift in brand identification. Furthermore, the domination of the food industry can be determined by the fact that in this Morning Consult’s list, 11 out of 20 mentioned products were food brands and delivery services.”
Without any further delay let’s start with the list fastest growing food brands. Our list starts with Hellmann’s Mayonnaise is one of the quickly growing brands of food in 2020. It is one of those food brands which lifted their brand awareness. Established in about 1913, it is a famous food company which was then acquired in 2000 by Unilever. According to a survey by Morning Consult, in 2020 their brand growth increased 3.2 points. The second biggest company of food products is Dannon which is located in Paris. It was able to generate $2,632 million in revenue in 2019. According to a survey by Morning Consult, in 2020 their brand growth increased 4 points. Are you looking to read more about food companies like Dannon, then jump to 15 Fastest Growing Food Brands.