The baby food preparations market in Greece experienced a significant decline from 2013 to 2023, with the market size reaching 56.656 million Euros in 2023. Over the last two years, the market contracted with year-on-year decreases of 3.32% in 2022 and 4.89% in 2023. Over the five-year period from 2018 to 2023, the Compound Annual Growth Rate (CAGR) stood at -3.91%, indicating a consistent downward trend.
Future trends to watch for:
- Potential demographic shifts, such as lower birth rates, which may further impact market size.
- Innovations in organic and allergen-free baby foods could revitalize consumer interest.
- Economic factors and consumer purchasing power may influence demand recovery.