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Czech Republic Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

Czech Republic Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

  • September 2021
  • 133 pages
  • ID: 6153422
  • Format: PDF
  • GlobalData

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Czech Republic Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026

Summary
“Czech Republic Baby Food, 2021 Update” is an analytical report which provides extensive and highly detailed current and future market trends in the Czech Republic market.

The total number of live births in Czech Republic recorded a marginal 0.3% increase during 2014-2020. Moreover, the forecast increment in number of live births over 2020-2026 translates into a bigger total addressable market for baby foods, the decline in breastfeeding rates will strengthen the prospects for baby food. The baby food sector recorded a CAGR of 3.92% during 2014-2020. There has been little change in the competitive landscape during 2014-2020 with Danone and HiPP remaining in the lead in 2020, far ahead of the competition in both value and volume terms. Danone led the baby food sector in value terms and volume terms in 2020. The market is centered on milks in 2020; In value terms, the milks was the largest category in Czech Republic’s baby food sector but ranked second by volume. The hypermarkets & supermarkets channel contributed the bulk of baby food sales, accounting for over 60% of overall sector values in 2020. Moreover, the onset of the novel COVID-19 outbreak and the subsequent lockdown, international travel ban, social distancing norms, work from home protocols, and supply chain disruptions took a severe toll on the output of all industries, particularly construction, tourism, hospitality, retail and food service sectors. Overall volume sales in the sector are forecast to expand marginally over 2020-2026 in volume terms, with value sales rising nearly 4.63% CAGR.

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
- In value terms, baby milks was the largest category, accounting for a 40.3% share in 2020, but ranked second by volume, with 23.5% share. In terms of volume, the baby milk category recorded a rise from 2.87 million kg in 2014 to 3.04 million kg in 2020
- The baby cereals & dry meals category grew from K?443.4 million (US$21.4 million) in 2014 to K?491.4 million (US$21.2 million) in 2020, at a CAGR of 1.73%
- The baby wet meals category grew from K?941.9 million (US$45.4 million) in 2014 to K?1,409.8 million (US$60.7 million) in 2020, registering a CAGR of 6.95%
- Baby drinks was the smallest category in value terms in 2020 accounting for only a 6.3% share

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.

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