Slovakia Baby Food Market Size by Categories, Distribution Channel, Market Share and Forecast, 2022-2027
Summary
“Slovakia 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 Slovakian market.
The number of live births in Slovakia stood at 56,565 in 2021. This is anticipated to decrease slightly by 0.4% during 2021-27. The crude birth rate increased from 1.40 in 2015 to 1.53 in 2021. The GDP of Slovakia grew by 3% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 3.2%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 4.1% during 2015-21. Similarly, in volume terms, sales grew in 2021, with the sector registering a CAGR of 1.8%. Baby milks remained by far the largest category in value terms with over 43.5% of the baby food sector, followed by baby wet meals & other. Danone Group, Hero Group, HiPP GmbH & Co. Vertrieb KG, and Nestlé were the top four companies in 2021. In 2021, Danone Group remained the overall leader in the baby food sector. 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 increase slightly over the forecast period in Slovakia. Consequently, the market for baby food in the country is expected to increase in volume terms during 2021-27, registering a CAGR of 0.5%.
What else does this report offer?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook