COVID-19 Impact on J.M. Smucker, 2021 Update

Pages: 17 Published: November 30, 2021 Report Code: GDCS21050CI

"COVID-19 Impact on J.M. Smucker, 2021 Update", reports key findings as of 26th November, 2021 based on market analysis and brand diversification by industry and geography.

Smucker's primary business is food and pet care, which benefited from the impact of the COVID-19 pandemic in 2020. The company has a limited geographic presence, concentrated primarily in the North American market, yet the region's outlook is relatively favorable for the company. Its strategic restructuring plans such as divesting the Crisco business, expansion of production for Uncrustables snacks, and reinforced focus on its pet care business are expected to provide an impetus for its future growth. However, further challenges will remain, such as uncertainty caused by new variants of COVID-19, cost inflation, and supply chain disruption. Smucker will need to continue reacting to the market changes and consumers' behavior changes in the coming years to keep up its growth.


– Countries in Asia-Pacific are expected to recover well, but the prospects show a mixed picture on a country-by-country basis rather than the global region

– Food, pet care, and non-alcoholic beverages industries are expected to register a growth during 2020-25

– The J.M. Smucker Company operates in three industries, offering products under well known brands across the globe

– The latest forecasts show all industries are expected to have a positive outlook during 2020-2025, and alcoholic drinks will grow the fastest, backed by premiumization in selected sectors

– Favorable market conditions are Asia is expected to present ample opportunities for the growth of Smucker

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Key Players

The J.M. Smucker Company

Table of Contents

Table of Contents

COVID-19 impact analysis on The J.M. Smucker Company key findings as of November 26, 2021

Geographic spread analysis – The J.M. Smucker Company brand sales

The impact of COVID-19 and economic recovery prospects

The forecasts on The J.M. Smucker Company regional industries

Company overview – The J.M. Smucker Company

Consumer goods industry impact

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