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

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

Summary

“Sweden 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 Swedish market.

The number of live births in Sweden declined by 0.5% during 2015-21, to reach 0.1 million in 2021. This resulted in a baby population of 0.3 million in 2021. Moreover, total fertility rates, have fallen. The GDP of Sweden grew by 4.8% in 2021 primarily owing to the successful COVID-19 vaccination campaigns, while consumer price inflation stood at 2.2%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 5.0% during 2015-21. In volume terms, sales increased in 2021, with the sector registering a CAGR of 1.3%. Baby wet meals & others remained by far the largest category in volume terms with over 50% of the baby food sector, followed by baby cereals & dry meals. Hero Group, Nestlé, and HiPP GmbH & Co. Vertrieb KG were the top three companies in 2021. Hero Group retained the top spot in value during 2015-21 and remained the leader in all the categories. Hypermarkets & supermarkets remained the leading distribution channel, accounting for 87.5% of overall value sales in 2021. GlobalData estimates that the number of live births will increase over the forecast period in Sweden. Consequently, the market for baby food in the country is expected to grow in value and volume terms during 2021-27, registering CAGRs of 6.7% and 2.9%, respectively.

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 the baby milks category increased from SEK189.4 million ($22.5 million) in 2015 to SEK220 million ($25.7 million) in 2021, registering a CAGR of 2.5% during 2015-21.
• Volume sales of the baby cereals & dry meals category increased slightly from 7.53 million kg in 2015 to 7.73 million kg in 2021, at a CAGR of 0.4% during 2015-21.
• Value sales of the baby wet meals & other category increased from SEK697.6 million ($82.7 million) in 2015 to SEK954.6 million ($111.6 million) in 2021, registering a CAGR of 5.4% during 2015-21.
• During 2015-21, per capita expenditure on baby drinks increased by 10.9% in current price terms and by 1.3% 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.