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• We expect 2022 to bring a growth revival in Australian food retail sales, following moderation in 2021 after the pandemic-driven growth spike in 2020.
• Low population growth, inflation and a rise in consumption of health and wellness products are key factors influencing the market.
• We expect demand to settle to a level higher than historic levels, given that behavior changes have persisted for more than two years, creating tailwinds for food-at-home demand in the years ahead.

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