Czech Republic Baby Food - Market Assessment and Forecasts to 2028

Czech Republic Baby Food - Market Assessment and Forecasts to 2028

Summary

“Czech Republic Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Czech market.

The number of live births in Czech Republic declined by 11.7% during 2016-22, totaling 101,300 in 2022. This resulted in a baby population of 323,300 in 2022. The GDP of Czech Republic grew by 2.4% in 2022, owing to growth in economic activity, while consumer price inflation stood at 15.1%. Overall sales in value terms have increased in recent years with the sector registering a CAGR of 4.1% during 2016-22. In volume terms, sales declined in 2022 registering a negative CAGR of 0.2% during 2016-22. Baby milks remained the largest category in value terms with over 40% of the baby food sector, followed by baby wet meals & other. Danone and HiPP were the top two companies in 2022. Drug stores & pharmacies was the leading distribution channel, accounting for over 60% of overall value sales in 2022. GlobalData estimates that the number of live births will decrease over the forecast period in Czech Republic. The market for baby food in the country is expected to increase in value terms during 2022-28, registering a CAGR of 2.1%.

What else does this report offer?

• Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
• Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
• Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
• Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
• Future projections considering various trends which are likely to affect the industry.

Scope

• Value sales of baby milks grew from CZK1.3 billion ($54.2 million) in 2016 to CZK1.61 billion ($69 million) in 2022, registering a CAGR of 3.3% during this period.
• Volumes of baby cereals & dry meals decreased from 1.51 million kg in 2016 to 1.4 million kg in 2022, at a negative CAGR of 1.2%.
• Value sales of the baby wet meals & other category rose from CZK1.1 billion ($46.1 million) in 2016 to CZK1.56 billion ($66.6 million) in 2022, at a CAGR of 5.5%.
• During 2016-22, PCE on baby drinks grew by 16.7% in current price terms.

Reasons to Buy

• Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
• Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
• Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
• Investigates which categories are performing the best and how this is changing market dynamics.