Food - Slovenia

Slovenia

Revenue in the Food market amounts to US$5.30bn in 2024. The market is expected to grow annually by 4.83% (CAGR 2024-2029).
The market's largest segment is the segment Confectionery & Snacks with a market volume of US$1.13bn in 2024.
In global comparison, most revenue is generated in China (US$1,603bn in 2024).
In relation to total population figures, per person revenues of US$2,503.00 are generated in 2024.
In the Food market, 2.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 1,050.00m kg by 2029. The Food market is expected to show a volume growth of 1.9% in 2025.
The average volume per person in the Food market is expected to amount to 457.30kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. 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. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

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Analyst Opinion

The Food market in Slovenia is experiencing minimal growth, influenced by factors such as the increasing demand for convenience foods, awareness of healthy eating, and a rise in online shopping. Sub-markets, such as dairy products, meat, and fruits, are also impacting the overall market. Despite the slow growth rate, the market is expected to continue expanding due to the growing popularity of processed and convenience foods.

Customer preferences: In Slovenia, consumers are increasingly prioritizing convenience and health-consciousness in their food choices. This has led to a surge in demand for online grocery shopping and meal delivery services. Additionally, there is a growing preference for organic and locally sourced products, reflecting a cultural emphasis on sustainable living. As the population ages, there is also a trend towards healthier and specialized dietary options to manage chronic conditions. This has created opportunities for companies to cater to these evolving lifestyle factors and offer personalized food solutions.

Trends in the market: In Slovenia, The Food market industry is seeing a rise in demand for organic and locally sourced products, reflecting a growing trend towards sustainable and healthy eating. This trend is being driven by changing consumer preferences and increased awareness of the impact of food choices on personal health and the environment. As a result, there is a growing market for specialty food stores and farm-to-table restaurants. This trajectory is significant for industry stakeholders as it presents opportunities for differentiation and growth. However, it also requires investments in sourcing and marketing strategies to meet the demands of the conscious consumer. Additionally, this trend may have implications for traditional food retailers, who may need to adapt their offerings to remain competitive in the market. With the continued emphasis on sustainability and health, this trend is expected to continue and shape the future of The Food market industry in Slovenia.

Local special circumstances: In Slovenia, The Food market is heavily influenced by the country's rich culinary history and traditions. With a strong focus on locally-sourced, organic ingredients, the market is driven by a growing demand for sustainable and healthy food options. Additionally, the country's close proximity to Italy and Austria has resulted in a fusion of flavors and influences, making The Food market unique compared to other markets. Furthermore, Slovenia's strict regulations on food production and labeling ensure high-quality products, further differentiating it from other markets.

Underlying macroeconomic factors: The Food market in Slovenia is heavily influenced by macroeconomic factors such as the country's economic health, global economic trends, fiscal policies, and other financial indicators. Slovenia's stable economic growth and strong government support for the food industry have contributed to the market's success. Additionally, the country's integration into the European Union has increased trade opportunities and access to a larger consumer base. The rising demand for organic and locally sourced food products has also driven market growth, as Slovenia has a strong focus on sustainable and healthy living. However, fluctuations in global food prices and changes in consumer preferences can impact the market's performance. Overall, The Food market in Slovenia is expected to continue its growth trajectory, driven by favorable macroeconomic conditions and increasing demand for high-quality, sustainable food products.

Methodology

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.