Frozen Foods Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-26

Global Frozen Foods Market is anticipated to reach the market valuation of US$ 320.06 billion by 2026 expanding at a reasonable CAGR of 4.6% in the course of forecasted period (2020-2026) from US$ 232.42 billion in 2019. Consumers globally have recognized frozen food as one of the healthier options in the ambit packaged products available. Today frozen foods have become more accessible owing to the increase in number of large format retail stores. Major factors driving the industry constitute to be the customer craving, rising awareness and acceptance, increase in selling points, deeper penetration by organized players and surging availability of freezer space at the retail domain. Advances in freezing technologies, innovative refrigerator displays in supermarkets, better and faster supply chain solutions have been owing to the increasing consumption and therefore growing demand of frozen foods. Increase of the global population, scarcity of food in some regions, strong demand from emerging economies and specific demographic changes in the modern world have been the prime reasons for the growth of frozen foods market. The increasing number of women at workplace together with growing number of one-person households has also determined the upward trend of the demand for frozen foods. Frozen foods have become a regular part of daily diet worldwide accredited to changing lifestyles and increasing lifestyles.

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Online grocery shopping trend and new applications in the retail sector have also created several opportunities for overall processed food market thereby accelerating the frozen foods market. Globalization and increasing international trade have been the major factors responsible for the development of the frozen food industry. With economic development and increasing purchasing power parity (PPP), consumers now can afford premium products with improved nutritional value and shelf life. International trade of  frozen foods products has gained prominence, complemented by improved transportation facilities. Increased consumption of frozen food products in the emerging markets of Asia Pacific and South America has also contributed to an increase in the sale of frozen bakery products while the demand in developing regions is driven by an increase in disposable income. Cold chain infrastructure has played an important role in driving the frozen food market, as it helps to transport products at both the domestic and international level. The rise in the export and import of frozen food is possible due to the strong global cold chain services available in developed economies.

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Based on the product category, the global frozen food market is fragmented into ready to eat, ready to cook and ready to drink frozen foods. The popularity of ready to eat meals has witnessed a rapid rise accredited to immense convenience and ease offered coupled with increasing working women population, increasing disposable income and changing lifestyles. The segment is anticipated to generate revenue of US$ 138.52 billion by 2026. Based on product type, the global frozen food market is bifurcated into Frozen Meat, Frozen Fish/Seafood, Frozen Ready Meals, Frozen Bakery, Frozen Pizza, Frozen Potato and others. Frozen Ready Meals segment generated revenue of US$ 54.05 billion in 2019. The Frozen Bakery Products segment is anticipated to register the highest CAGR growth of 5.1% during the forecast period 2020-2026. Based on distribution channel, the market is bifurcated into supermarket/hypermarkets, Independent Retailers, Convenience Store and other channels such as specialist retailers and online modes. The supermarket/hypermarkets segment is expected to generate revenue of US$ 226.26 billion by 2026 through the sales of frozen food products.

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Additionally, for better investigation and penetration of frozen foods the report provides, detailed country-level analysis was conducted for major region/country including Americas (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea) and Rest of the world. Europe was the largest market for the frozen food industry in 2019, accounting for 38.5% share. Asia-Pacific is expected to generate revenue of US$ 81.74 billion by 2026. Some of the major companies profiled in Global Frozen Foods market are Nestle SA, Ajinomoto, Goya Foods, ConAgra Foods, General Mills, Heinz Company, Tyson Foods, Unilever PLC, Maple Leaf Foods, Nomad Foods, Mc Can Foods Ltd, Dr. Oetker. The players consistently aim to focus on various product launches, innovations, energy efficient products as well as mergers and acquisitions  to enhance the consumption of frozen foods globally thereby strengthening their market position which further offers them growth opportunities as well as expansion of product innovation and expansion around the world. 

Global Frozen Foods Market Segmentation

Market Insight, by Product Category -

·       Ready to Eat

·       Ready to Drink

·       Ready to Cook

Market Insights, by Product Type -

·       Frozen Meat Products

·       Frozen Fish/Seafood

·       Frozen Ready Meals

·       Frozen Bakery Products

·       Frozen Pizza

·       Frozen Potato Products

·       Others

Market Insight, by Distribution Channel -

·       Hypermarkets/Supermarkets

·       Independent Retailers

·       Convenience Store

·       Others (Specialist Retailers, Online)

Market Insight, by Region -

·       Americas Foods Market

·       Europe Frozen Foods Market

·       Asia Pacific Frozen Foods Market

·       Rest of World Frozen Foods Market

Top Company Profiles -

·       Nestle

·       Ajinomoto Inc

·       Goya Foods

·       ConAgra Foods

·       General Mills

·       Heinz Company

·       Tyson Foods

·       Unilever PLC

·       Maple Leaf Foods

·       Nomad Foods

·       McCain Foods Limited

·       Dr. Oetker  

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Indian 2-Wheeler Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-26

Indian 2-wheeler market in terms of volume sale would reach 25.6 million by 2025, growing at a CAGR of 2.6% during the forecast period 2020-2025, from sales of 21.2 million units in 2019. India is the 2nd largest two-wheeler market in the world. It stands next only to China and Japan in terms of the number of two-wheelers produced and the sales. In 2018, the Indian two-wheeler market accounted for 20.2 million units. The urban market for two- wheelers is largely penetrated with nearly 57 of every 100 youths that earn an income to support the ownership of a two-wheeler. Based on source type, the Indian 2-wheeler market is segmented into ICE (Internal Combustion Engine) and E2W (Electric 2-Wheeler). Currently penetration of E2W in India is low compared to the conventional ICE 2-wheelers. However, as per the government plans, penetration of E2W is expected to grow at an exponential rate. The government wants to increase the adoption of electric vehicle to 100% by 2030. However, majority of vehicle manufacturers have different view. As per the automotive experts, electric vehicle has huge opportunity, however the conversion should be in phases. The increasing concerns toward greenhouse gas emissions (GHG), leading to various government initiatives and the formulation of strict emission regulations, are some of the key factors responsible for the growth of the electric 2-wheeler market in India. In addition, the entrance of new and existence of established manufacturers, as well as the introduction of various new variants of electric scooters, are projected to augment the market growth during the forecast period.

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Currently majority of 2-Wheelers manufactured in India are for domestic market. Export account for low share, however, recently demand for 2-wheelers in oversea market have influenced the manufacturer to increase their concentration on export. There is lot of potential seen in countries such as Vietnam, Thailand, Indonesia, Middle East, Latin America East African nations. In the Automotive Mission Plan 2026, the government and industry set a target to triple industry revenues, to US$ 300 billion, and expand exports sevenfold, to US$ 80 billion. To meet these aims, it is estimated that the sector could contribute more than 60 million additional direct and indirect jobs, and the result could be improved manufacturing competitiveness and reduced emissions. In 2018, after two consecutive years of decline in its export volumes, BAL’s motorcycle exports (~33% of total volumes) are witnessing signs of growth revival, resulting in higher demand for BAL’s products. Management expects its 2W export volumes to grow at 15% CAGR over the next 3 years.

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Based on source type, we have segmented the market into ICE (Internal Combustion Engine) and Electric 2-wheeler. ICE segment holds lion’s share in the Indian 2-wheeler market while electric segment expected to grow considerably over the analyzed period. Based on vehicle type, the ICE 2-wheeler market is mainly bifurcated into Motorcycle, Scooter, Moped, Performance Bike and Other Models. Motorcycle sales in India skyrocketed over the past few years, making the country the biggest motorcycle market in the World overtaking China since the 2016. The motorcycle sales in India will continue to follow its trend and will keep dominating the Indian 2-wheeler market. An increased demand from urban and semi-urban areas for motorcycle and a relatively low cost of ownership are some of the leading factors propelling the growth of the motorcycle market in India.

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Some of the major players profiled in the global electric motor market study include Hero MotoCorp, Honda, TVS, Bajaj, Royal Enfield, Yamaha, Suzuki, Piaggio, Mahindra, Kawasaki, Harley Davidson and Triumph. These industry players are entering into several mergers & acquisitions and partnerships for the expansion of their reach and increasing their hold on the market. The Indian 2-Wheeler industry is dominated by 3 major players, which account for more than 80% share in the industry.

Indian 2-Wheeler Market Segmentation

Market Insights, by Source Type

ICE (Internal Combustion Engine)

E2W (Electric 2-Wheeler)

ICE 2W Market Insights, by Vehicle Type

Motorcycle

Scooter

Moped

Performance Bike

Other Models

ICE 2W Market Insights, by Vehicle Class

Economy

Executive

Premium

Other Models

Top Company Profiles

Hero MotoCorp

Honda

TVS

Bajaj

Royal Enfield

Yamaha

Suzuki

Piaggio

Mahindra

Kawasaki

Harley Davidson

Triumph

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Impact Of COVID-19 Outbreak on Indian Industries

Since the Wuhan COVID-19 outbreak in China, the first confirmed cases in India, the second most populated country in the world, were reported in the state of Kerala. Since the first case reported in Kerala, various new cases are confirmed in multiple cities of India including New Delhi, Mumbai, Bengaluru, Hyderabad, and Patna. As the number of confirmed COVID-19 cases in India is increasing the country has started implementing various preventive measures to reduce the spread of COVID-19 in the country. The prime minister of India urged all citizens to observe a nation-wide curfew on 22 March, followed with 21 days lockdown throughout the nation. Schools and universities, malls and cinemas are closed for an unknown time frame. No international flights would be allowed to land in India during the lockdown period. The total confirmed cases in India as of 31st March stood at 1,590, with more than 45 confirmed death due to COVID-19. ILO has estimated that the COVID-19 outbreak would destroy approximately 25 million jobs in India alone. States such as Maharashtra, Kerala, Telangana, and New Delhi among others are the most affected by the deadly COVID-19 outbreak. 

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Impact on Indian Economy from COVID-19

As per private research firm Barclays, the cost of the COVID-19 lockdown in India is expected to lose US$ 120 billion (approximately INR 9 lakh crore) or 4% of the GDP. British brokerage Barclays revised down the Indian growth by 1.7% to 3.5% for the FY2020-2021

According to the United Nations Conference on Trade and Development (UNCTAD), it is likely that the global lockdown may cost the global economy between US$1 trillion and US$2 trillion in 2020. Even when the pandemic had affected only 30 people in India in early March, UNCTAD said the trade impact for the country could be about US$348 million. It estimates the 3-week nationwide lockdown to cost around US$90 billion to the Indian economy

The National Stock Exchange in India recorded a fall of more than 20% from 20th Feb to 17th March 2020. Traders in India have estimated US$4.04 million losses over the past three months

Loss of production in one of the most affected COVID-19 country China was estimated at 85-90% in February 2020 and 40-60% in March 2020. Since India is majorly dependent on China for import of finished goods and raw material essential for production, therefore, the production loss in China would affect over 70 million traders in India

About 75% of workers are either self-employed (rickshaw pullers, carpenters and plumbers, for instance) or casual workers who are not covered under any provision or get any paid leave. The outbreak of COVID-19 in India is high in urban areas as 25-30% of urban households comprise of daily wagers, consisting majorly of migrant workers. The second factor of the lowering the GDP growth rate by CRISIL is the nature of India’s corporate landscape, with 75 million MSMEs, the growth engine and employment hub of India, representing US$1,183 billion to India’s GDP and creating 180 million jobs, would be most affected due to COVID-19 outbreak.

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Industry which would be most impacted (Current & Projected)

Travel & Tourism:

According to Deccan Herald, COVID-19 outbreak in India could impact its overall economic growth by up to 90 basis points or 0.9% through trade, hotels, and transport sectors during the FY2019-20 and 2020-21. India is expected to lose more than 3 million tourist footfalls in the year 2020 and foreign exchange of about US$7 billion coming out of the states. ISKCON, one of the most popular Hindu religious trust, which runs temples and attracts foreign visitors, is expected to lose its foreign visitors during the 2020 period. One more potential coronavirus cluster in India is weddings where the average guest counts run from few hundreds to more than a thousand, this would be affected and indirectly affect the market

Entertainment Sector:

Cine industry was losing a whopping US$67 million. Live events industry has seen many big shows and conferences cancelled, with losses estimated at around INR 3,000 crore by the Event and Entertainment Management Association

Manufacturing Sector:

The Indian manufacturing sector is over dependent on China for finished goods and raw material. India imported about US$90 billion, or approx. INR 6.6 lakh crore, worth of good from China in 2018 alone, according to World Bank data. Hence the slowdown of China manufacturing sector is expected to affect the Indian manufacturing sector in the FY2020-2021

Food Service Restaurants:

Restaurants across India are been reeling. The National Restaurant Association of India (NRAI) has recommended more than 500,000+ restaurants to close the dine-in facility till March 31st, which would now be extended till the country in under lockdown. As a result, many of the restaurants have asked their employees to go on leave without pay or with a lower salary. Although the delivery service is still operational in major Indian cities

Transportation Sector:

App-based cab operators such as Uber, Ola and others have witnessed reduced demand as much as 50% in the past one month as people are fearful of going out. From hotels to coworking spaces, car showrooms to retail stores, all are staring an economic rout

Telecom Sector:

With increasing number of COVID-19 cases in India, the government has urged its citizens to stay at home and practice social distancing. The telecom sector is expected to be benefited, as people would consume more data during the lockdown period. As per the Ministry of Industry and Information Technology of China, the revenue of telecommunications services increased by 1.5% during January and February 2020, compared to the same time frame in 2019. During this period Chine was the epicenter of the virus outbreak and was under lockdown. More than 1.5 lakh companies across India have opted for work-from-home and social distancing are expected to boost data usage by 10-15% through home broadband and mobile data in India. However, this is likely to be offset owing to the ongoing slowdown in the economy would face during FY2020-2021 period

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Healthcare Sector:

India committed to spending nearly INR 10,000 crore (US$1.3 billion) to encourage companies to manufacture pharmaceutical ingredients domestically after the coronavirus outbreak disrupted supply chains, raised the specter of drug shortages. The impact of COVID-19 on the Indian pharmaceutical sector is low at present owing to the existing inventory levels, however, this scenario can change in a short time frame if supply from China continues to drop from usual through the end of April. The Indian government has issued guidelines to increase the level of testing of COVID-19 in the country, through the private labs to increase the overall test per million population. The government has also set price caps for such tests. More than 30 private labs are allowed to test for the disease, through their lab spread all over the country

Insurance Sector:

As far as the insurance sector is concerned, the Insurance Regulatory Development Authority of India has rolled out a notice and has requested the insurers to cover COVID-19 cases in their existing policies so that people of India feel safer. One of the factors that work in its favor is that it’s an under-penetrated sector and hence, the impact will be low compared to other segments. Further, the impact of COVID-19 on health insurance is likely to be low, as the penetration of health policy among the Indian population is low

Banking Sector:

With the number of COVID-19 cases increasing on a daily basis, the Indian government has asked banks across the country to work with reduced capacities, and offer only essential services to their clients during the COVID-19 outbreak time frame, during with the country would be on total lockdown. Hence, to carry basic essential transactions, banks across India are operating only through selective branches. Public deposits, withdrawals, clearing of cheques, remittance facilities and government transactions are covered under the Essential banking services. Facilities such as new loan approval, project appraisals or rework existing loan terms would be banned during the lockdown period. Banks are have recommended customers to use mobile and net banking services for essential transitions. During the lockdown period, the banking sector in India is expected to witness a huge among of money going out of their hands with possible withdrawals pegged at INR 20,000 to INR 30,000 crores. According to Sabnavis, banks would also face a rise in non-performing assets (NPAs). If the shutdown on travel and malls continues for a month or more, a zero-revenue situation is expected to impact the service loans. To overcome the slowdown during the lockdown period RBI has come out with several initiatives, which would help the banking sector to overcome the slowdown period. The banking sector in India need not worry about the NPA, as RBI would ignore the balance sheet of the banks for the next 3 month period starting April 2020. The banks are also advised not to take loan installments for the stated time frame so that the people can have enough money for their essential requirements  

Automotive Sector:

The industry bodies of automobile manufacturers and dealers have approached the Supreme Court seeking an extension in the deadline for selling Bharat Stage-IV vehicles, as the industry has witnessed low sales in the past few months due to the economic slowdown and sudden outbreak of COVID-19 which have further halted the vehicle sale in India. In an attempt to aid authorities in battling the increasing number of COVID-19 cases, MG Motor India has pledged to donate INR 2 crore to government hospitals and health institutions in Gurugram, Haryana, and Gujarat. Essentials such as gloves, masks, ventilators, medicines, and beds, depending on the requirements of the medical institutions are covered under the contribution by MG Motors. General Motors have suspended operations at its Talegaon plant since March 21 in the wake of the COVID-19 outbreak in India. Nissan is expected to adopt a similar course of action at other global sites due to the COVID-19 pandemic. Toyota Kirloskar Motor has temporarily shut down its production plant in Bidadi, Karnataka. Kia Motors India also announced to temporarily shutting down all operations in India, with immediate effect, until further notice. However, Kia’s digital channels would remain operational for its customers. Renault India has also announced the temporary suspension of all operations, till further notice. However, the Renault’s 24x7 Road Side Assistance (RSA) service will still be operational

Logistic Sector:

As per various news, manufacturing in China is slowly coming to normal from the COVID-19 outbreak. However, container transport service is still infrequent and expensive. As per Drewry (a maritime research company), ocean carriers cancelled 105 containers sailings from Asia to Europe and Asia to the US in March 2020. CMA CGM (CMA CGM Logistics Park Dadri Pvt. Ltd.), announced am increased rate of US$ 500 on all freight of all kinds (FAK) moving from Asia to Northern Europe and a PSS of US$ 300 per container from Northern Europe to Asia since 15th March 2020. MSC Logistics has applied for GRI of US$ 200 for 20 and US$ 300 from the 2nd March 2020 handover in India. Also, widespread closure of automotive component production in China is having a major impact on India’s burgeoning car manufacturing industry. The situation is being compounded by an increasing scarcity of containers for exporters

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Government Initiatives for Poor to tackling the situation

PM Gareeb Kalyan Scheme will entail INR 1.7 lakh crore, which would cover both cash transfer and food security of Indian poor class populations. Provide insurance cover worth INR 50 lakh for sanitation workers, ASHA workers, doctors, nurses, paramedics in case they need it as they are on the frontlines of the corona battle

Farmers: The first installment of INR 2,000 of PM Kisan will be given in the first week of April, as many as 8.69 crores farmers would be directly benefited from the announcement

MNREGA: Increase in wage rate from INR 182 to INR 202 amounting to increase of INR 2,000 per worker leading to benefitting 5 crore people

Old age/widows: The government has announced that amount of INR 1,000 would be transferred for the next three months in two installments. This would benefit approximately 3 crore widows and senior citizens in India

Women Self Help Groups: Under the Deen Dayal National Livelihood Mission, the collateral free loan will be given up to INR 20 lakh from INR 10 lakh earlier. This would benefit approximately 7 crore holders through 63 lakh SHGs

Organized sector: As per the announcement, the Indian Government would pay the EPF contribution of both employer and employee (~24%) for the next three months to help the organized sector during the slowdown period. The benefit would only be liable for the companies with up to 100 employees, 90% of them earning less than INR 15,000

Construction workers: The central government have requested the State government to use welfare fund for laborers which has around INR 31,000 crore to help those who are facing economic disruption because of the nationwide lockdown

Conclusion

For the research and findings, it is quite clear that the world one of the lucrative market i.e. US is not an exception and the conduction would become worse in the country due to the COVID-19 outbreak. Since last week India has witnessed a drastic increase in the COVID-19 cases. The impact of the disease would have a major impact on the industrial sector not only in India but also in other major developed and developing nations.

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COVID-19 – Pipeline Analysis 2020 for Global Market | Emphasis on Products covered by Phase (Phase III, Phase II, Phase I, Investigational New Drug, Pre-clinical, Discovery)

COVID-19 (also known as Anderson COVID-19) is a viral disease caused by RNA virus, SARS-CoV-2 or commonly known as corona virus. These viruses can cause respiratory, enteric, hepatic, and neurologic diseases. At the end of 2019, a new coronavirus was identified as the cause of a cluster of pneumonia cases in Wuhan, China. It rapidly spread, resulting in an epidemic throughout China, followed by an increasing number of cases in other countries throughout the world. On March 11, 2020 World Health Organization (WHO) declared it a pandemic.

COVID-19 is mainly transmitted through contact with respiratory droplets rather than through the air and spreads primarily through contact with an infected person when they cough or sneeze. It also spreads when a person touches a surface or object that has the virus on it, then touches their eyes, nose, or mouth. A patient might take 1 to 14 days before developing symptoms as corona virus has an incubation period of 14 days. The most common symptoms of COVID-19 include dry cough, tiredness, fever and difficulty breathing (severe cases). Some patients may also suffer from aches and pains, runny nose, nasal congestion, sore throat or diarrhoea.

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The diagnosis of the disease can be done by several methods such as nucleic acid test, serologic diagnosis and imaging technology. Chest radiograph or CT is an important tool for COVID-19 diagnosis in clinical practice. The majority of Covide-19 cases have similar features on CT images. Currently no antiviral treatment available for SARS-CoV-2 however, companies and research institutes are working towards it. Therapeutic agents targeting nucleosides, nucleotides, viral nucleic acids and enzymes/proteins involved in the replication and transcription of coronaviruses can be promising strategies to treat coronavirus diseases.

The pipeline of COVID-19 consists of approximately 85+ products in different stages of development. It includes therapeutic drugs and vaccines. Currently, 8+ drugs are in Phase III development and major drugs are in pre-clinical stage. Moreover, 42 vaccines are under development by various companies, and 2+ vaccines are in Phase I trial.

Top Company Analysed

Some of the key players include in the analysis includes Ascletis Pharma Inc., OncoImmune, FUJIFILM Toyama Chemical Co., Ltd.; Sanofi, Gilead Sciences, Incyte Corporation, Hoffmann La Roche, Vanda Pharmaceuticals, Apeiron Biologics and Relief Therapeutics Holdings among others.

Scope of the COVID-19 - Pipeline Analysis 2020:

The report provides an overview of therapeutic pipeline activity for COVID-19 across the complete product development cycle including all clinical and non-clinical stages

The report comprises of detailed profiles of COVID-19 therapeutic products with key coverage of developmental activities including licensing & collaboration deals, patents issued, technologies and chemical information

Therapeutic assessment of the active pipeline products by stage, product type, molecule type, and route of administration

Detailed profiles of the clinical vaccines and listing of the non-clinical vaccines under development by companies

Listing of the vaccines under development by universities

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Reasons to buy:

The COVID-19 pipeline report presents the detailed profile of drugs. The analysis offered in the report is a combination of deep dive secondary research and input from Key Opinion Leader of the industry

The report presents a quick review of the current scenario regarding the drug development of the indication at one glance

The report covers in-depth analysis of prominent industry peers with a primary focus on company consolidation, technology, agreements and patents regarding the therapy

Detailed examination on diagnosis and treatment prevailing in the industry

The study comprehensively covers the market across drugs in different phases of development

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Customization Options:

The COVID-19 Pipeline analysis report can be customized to the country level or any other competitive segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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Current And Projected Implications Of COVID-19 Outbreak On US Businesses

Coronavirus disease (COVID-19) is an infectious disease caused by a new virus. The disease causes a respiratory illness with symptoms such as a cough, fever, and in more severe cases, difficulty in breathing. Coronavirus disease (COVID-19) is an infectious disease caused by a new virus. The majority of nations are suffering from the same and US is no exception.

Current Situation of US

• US lost 5,779 US$ millions due to China’s slowdown through global value chains. The country has since witnessed   lower valuations and increased volatility in its financial market
• In the US, the non-financial debt of large companies has amounted to US$10 trillion in 2019, up from around US$4.8 trillion in 2003. The disruptions of the supply chain are making it difficult for the US firms to finish their production
• The country has also witnessed a low consumer buying trend as they are worried about the spreading of the virus
• Mass flight cancellations to and from China, which has been designated as a “do not travel” destination in the US means almost no Americans are traveling to China and no Chinese tourists are not traveling overseas
• MNC’s and luxury goods suppliers who rely on Chinese consumers have already suffered, with some already announced the closure of stores
• Traditionally, US treasuries were seen as a very safe investment. However, money coming into the United States from abroad typically strengthens the dollar value, and a stronger dollar value eventually makes US exports costlier, making it more difficult for US firms to compete globally
• US interest rates have fallen to historic lows in a sign of increasing economic uncertainty. The 10-year Treasury yield fell from 1.69% to 1.50%  in the last week of January after remaining steadily around 1.7% to 1.8% throughout 2019 and early 2020
• Shorter-term interest rates have increased compared to longer-term interest rates, the opposite of what happens in normal economic times

Industry which would be most impacted (Current & Projected)

COVID-19 Impact on Travel & Tourism:

Travel industry has seen growth decline to over 10% YoY. Airlines, OTAs, and Cruise Lines had dramatic declines in bookings since the third week of February and continuing into March, with ~15 to 20% YoY declines. Hotels slowed to zero growth last week from mid to high single-digit growth. The US travel and tourism industry could lose at least $24 billion in foreign spending that would be equivalent to about seven times more than the industry lost during the SARS outbreak in 2003. The US is expected to lose about 1.6 million visitors from mainland China as a result of the coronavirus, which would equate to a 28% decrease when compared to 2019. It is expected that spending from Chinese visitors would reduce by an estimated US$10.3 billion, or 50% of the previously predicted for 2020. It is further estimated that the airline industry in the US may lose up to US$113 billion in revenue in 2020 owing to the outbreak of COVID-19

COVID-19 Impact on Entertainment Sector:

Disney the market leader announced the delay of three releases, including Mulan and The New Mutants. Broadway shows and all Disney parks closed. Disney shares have reduced to 23%, while ViacomCBS have witnessed a possible downswing, a fall of more than 51% in 2020 so far. As a remedy, the late-night TV shows showcased in New York City would be played without a live audience to combat the outbreak of COVID-19. The NBA has suspended its season and major cultural events have been postponed or canceled, including SXSW, E3, and Coachella. The Coachella and Stagecoach festivals in Indio, California, are moving from April to October. Amid the market slowdown, Netflix has witnessed an increase in its viewership. That would further lead to a slowdown in advertising expenditures by blue-chip companies. Many of Hollywood’s largest players; Disney, Comcast, and AT&T among them have experienced a spurt of transformative acquisitions which has left them with higher levels of debt and restructuring demands.

COVID-19 Impact on Automotive Sector:

The widespread of the disease have seriously disrupted the production and shipment of Chinese-made auto parts and components to the US, a business worth about US$17 billion last year. Automakers such as GM, Honda, and Hyundai are struggling to maintain supplies, in many cases using air freight to keep supply lines from China open. Centre for Automotive Research (CAR) CEO said that "There will be an impact on (US vehicle) production within a month, month and a half, but it will be felt even sooner on the parts and service side". It is forecasted that new vehicle sales in 2020 would reduce from 17 million in 2019 to 16.6 million in 2020

COVID-19 Impact on Consumer products:

China being the 3rd largest and fastest-growing market for exports, which means that US companies are increasingly setting revenue goals, with more reliability on Chinese residents purchasing their products. Apple made a whopping US$52 billion in sales in 2019 by selling its products (mostly iPhones) in China. Because of the coronavirus, Apple temporarily closed some of its more than 40 stores in the country and is currently still operating some under limited hours. Moreover, from smartphones and TVs to appliances and vehicles are likely to get affected through 2020, resulting in a softening of semiconductor and electronics sales for US companies. It is further expected that the situation could shift more work, education, and events to on-line or virtual environments. This would be beneficial for the companies operating in the value chain of electronic products from smartphone, PCs, virtual reality (VR) headsets, and Wi-Fi routers and those offering communications infrastructure, services, applications, and cloud services

COVID-19 Impact on Consumer Goods Sector:

In cities such as Seattle, San Francisco, and New York compared the General Merchandise sales have increased compared to the rest of the country. The end of the week on 2nd March witnessed the highest average sales since the start of the year 2020, with sales of general household items reaching US$53, relative to a prior average of US$46 and US$49, respectively in January and February 2020. US footwear imports from China just had their worst January in more than a decade, saw 15.7% year-over-year decline in four years as around 70% of shoes sold in the US come from China. China which represents 23% of Adidas business, with 19% of its manufacturing capacity in China is losing about US$100 million in revenue every week

COVID-19 Impact on Healthcare Sector:

In late February, the pharmaceutical industry reported the first shortage of a drug due to the COVID-19 outbreak. Booming of E-commerce activity, especially related to healthcare and grocery, is the recent trend of the US market. The country has witnessed an increasing trend in Amazon searches for products such as hand sanitizer and antibacterial soap. Digital shoppers are also willing to convert on products they need with longer delivery windows to avoid going to stores. Dr. Brian Monahan, the physician of Congress and the US Supreme Court, expects about 70 to 150 million people in the US to be infected with COVID-19. About 72% of the manufacturers of pharmaceutical ingredients in the US are overseas, wherein China represents 13%. A top US health official said the worst is yet to come, COVID-19 patients in the hospitals would increase in such a manner that there would be a shortage of doctors and nurses, to provide service in the hospitals in the US

COVID-19 Impact on Real Estate Sector:

Roofstock, a renowned online marketplace for real estate investors in the US, has witnessed a 450% increase in traffic from Asian countries in the past few months. Mortgage rates in the country have dropped by 3.7%. Majority of the home searchers have suspended their home search in places such as Tampa Bay, Florida and San Antonio, Texas. Further, these searchers have also requested to meet the agents in private places rather than in public spaces. China, the largest foreign buyer of residential units in the US (reported as per the National Association of Realtors' (NAR) 2019 International Activity). China accounts for US$13.4 billion of US$77.9 billion, representing 17.2% of the foreign market share. Production and economic activities are expected to slow down as people are likely to stay indoors, which will show low consumer spending. The default rate in CRE loans is expected to increase, wherein production and development is expected to decline

COVID-19 Impact on Food & Beverage Sector:

Pie shops in numerous cities including New York, Seattle, and San Francisco have lost 000’s of dollars in sales for Pie per day. Companies had cancelled orders as offices close and employees work remotely. Fake COVID-19 products may come in various forms including dietary supplements and other foods, as well as products purporting to be drugs, medical devices, and vaccines, this may place consumers at risk. Restaurants in the country are likely to be affected before the coronavirus itself leaves the headlines

COVID-19 Impact on Utility & Energy Sector:

As an effect of the COVID-19 outbreak, various projects associated with utility wind and solar in the US are in the phase of delays through the supply chain and uncertainty about the future. Deliveries are getting extended out due to some real supply chain disruptions. There could be delays in component delivery as a result of the COVID-19 outbreak, which may impact the ability of individual projects deliverable by the end of the year, but the scale and extent of the delay is not yet known

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Conclusion

For the research and findings, it is quite clear that the world's largest market i.e. US is not an exception and the conduction would become worse in the country due to COVID-19 outbreak. Since last week US has witnessed a drastic increase in the COVID-19 cases. The impact of the disease would have a major impact on the industrial sector not only in the US but also in other major developed and developing nations. How the market would react in the near future is hard to evaluate.

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