Baby Food Sales in Czech Republic Continue Increasing, according to New Report by Canadean Available at MarketPublishers.com
26 Jul 2016 • by Natalie Aster
LONDON – The Czech baby food market witnessed remarkable sales growth of more than 17% during 2009-2015. The highest growth was observed in 2014 and 2015, it was propelled by rising birth rates, constantly improving national economy and also the reduction of VAT rate on baby food.
At present, the Czech baby food market is dominated by the multinationals, who have recently capitalized on industrially prepared baby food as consumers in the country have a positive attitude to industrially prepared baby food.
Per capita consumption of baby food in Czech Republic is relative high now; from 2009 to 2015 it increased by 5.2%.
In 2015, the baby meals/juices sector overtaken milks sector as the highest spending category and accounted for a 43% share of total baby food retail sales in the country. However, the milks sector is only slightly behind with a share of 41%.
The largest share of domestic baby food volume sales (around 69%) was held by supermarkets and hypermarkets in 2015. The second place was held by pharmacies and drugstores with a share of 21%.
The Czech baby food market is dominated by 3 international players: Hero, Hipp and Danone (Nutricia). In 2015, their combined market volume share was equal to 74% and value share – 79%.
Topical report “Baby Food in Czech Republic” by Canadean gives a detailed guide to the baby food marketplace in Czech Republic. It contains a detailed market segmentation analysis, uncovers trustworthy statistics on baby food consumption, production and retail sales. The research study reviews the important changes in consumer behavior, points out the most lucrative markets, explores the current and possible future trends, identifies the best opportunities to benefit from. Future forecasts are also at hand in the research study.
More reports by Canadean are provided in this catalogue.