The global beer market made significant progress in 2021, making up nearly half of the volume losses it experienced during the peak of the pandemic in 2020.
According to RSM US, over the next few months, food and beverage companies will encounter difficulties as consumers remain unsure about ongoing inflation, geopolitical problems, and the imminent recession.
In times of economic downturns, the beauty industry remains resilient, as consumers still like to splurge on beauty and skincare regimen, even if it might be in moderation.