Portugal Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Portugal Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027

Summary

“Portugal Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027” is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indian market.

The number of live births in Portugal declined by 0.3% during 2015-21, to reach 79,582 in 2021. This resulted in a baby population of 0.3 million in 2021. The crude birth rate has decreased, however, total fertility rates have decreased. The GDP of Portugal grew by 4.9% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 1.3%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 1.2% during 2015-21. Similarly, in volume terms, sales grew in 2021, with the sector registering a CAGR of 0.5%. Baby milks remained by far the largest category in value terms with over 45% of the baby food sector, followed by baby wet meals & other. Nestlé and Danone Group were the top two companies in 2021. Danone Group had a presence across all categories of baby food. Hypermarkets & supermarkets remained the leading distribution channel, accounting for over 60% of overall value sales in 2021. GlobalData estimates that the number of live births will decline over the forecast period in Portugal. Consequently, the market for baby food in the country is expected to decrease in volume terms during 2021-27, registering a CAGR of 2.2%.

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.

• Value sales of baby milks increased from EUR44.3 million ($49.2 million) in 2015 to EUR45.7 million ($54 million) in 2021, registering a CAGR of 0.5% during 2015-21.
• Volume sales of the baby cereals & dry meals category fell from 2.51 million kg in 2015 to 2.33 million kg in 2021, contracting at a negative CAGR of 1.3% during 2015-21.
• Value sales of the baby wet meals & other category grew from EUR25.1 million ($27.9 million) in 2015 to EUR29.8 million ($35.3 million) in 2021, posting a CAGR of 2.9% during 2015-21.
• In volume terms, the baby finger food category declined from 0.019 million kg in 2015 to 0.017 million kg in 2021, registering a negative CAGR of 1.3%.
• During 2015-21, per capita expenditure on baby drinks increased by 63.4% in current price terms and by 65% in constant price terms.

• 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.