In 2022, manufacturers of packaged foods did a lot better than their counterparts in household staples like soap and paper towels. That’s true for a variety of reasons, says The Wall Street Journal. With COVID easing, people aren’t stocking up as much on cleaning supplies. And being home-bound for so long, they’ve upgraded kitchens and cooking skills, keeping at-home food consumption strong. Food companies also get more of their revenue domestically, while non-food staples get more revenue from abroad, where economies have suffered more.
KOREAN SEGMENT DRIVES GROWTH
Fried rice and potstickers are also outperforming the category as a whole, though industry observers say it’s time for some new flavors. L ike the