Definition:
Baby milk and infant formula are types of milk made specifically for infants and young children who are not yet able to consume solid food or who cannot be breastfed. They are also intended for children aged between 1 and 3 who do not get enough nutrients from their regular diet.
Baby milk is typically made from cow’s milk that has been modified to make it more easily digestible for babies. It may also contain added nutrients, such as vitamins and minerals, to ensure that infants or young children receive all the nutrients they need for healthy growth and development. Infant formula is specially designed to mimic the nutrient content of breast milk as closely as possible. Baby milk and infant formula may come in different forms, such as in powdered form, as a liquid concentrate, or in a ready-to-feed form.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Baby Milk & Infant Formula market in Czechia is experiencing minimal growth, impacted by factors such as declining birth rates and increasing health concerns. Online sales and consumer awareness are driving the market's slow growth in the Food industry.
Customer preferences: With the rising awareness about the benefits of organic and natural products, there has been a growing demand for organic baby milk and infant formula in Czechia. This trend is driven by health-conscious parents who are willing to pay a premium for products that are free from additives and preservatives. Additionally, the increasing number of working mothers and busy lifestyles have led to a demand for convenient and ready-to-feed formula options, especially in urban areas. This has also led to a rise in online purchases of baby milk and infant formula, as customers seek the convenience of home delivery.
Trends in the market: In Czechia, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products, as parents are becoming more health-conscious and willing to pay a premium for healthier options. The demand for plant-based alternatives is also on the rise, driven by concerns over animal welfare and sustainability. This trend is expected to continue, with companies investing in product innovation and marketing strategies to cater to this growing segment. Additionally, with the rise of e-commerce and online shopping, the distribution of baby food products is also evolving, providing new opportunities for industry players to reach a wider audience. These developments have significant implications for stakeholders, from manufacturers to retailers, as they adapt to changing consumer preferences and market dynamics.
Local special circumstances: In Czechia, the Baby Milk & Infant Formula Market of the Baby Food Market is heavily influenced by the country's strong cultural emphasis on breastfeeding, with a low prevalence of formula feeding. However, due to increasing numbers of working mothers and changing lifestyles, there is a growing demand for affordable and convenient infant formula options. Additionally, the Czech government has implemented strict regulations on infant formula labeling and advertising, impacting market dynamics and consumer behavior.
Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is impacted by macroeconomic factors such as consumer spending, population growth, and government policies. With a growing population and increasing disposable income, the demand for baby food products, including milk and infant formula, is expected to rise. Additionally, government initiatives promoting healthy infant nutrition and investments in healthcare infrastructure are further driving market growth. However, economic uncertainties and fluctuations in exchange rates can affect consumer purchasing power and influence market performance.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights