Staple foods in 2024: The big picture
Staple foods in Slovakia witnessed marginal volume sales decline in 2024, despite food inflation slowing and consumer purchasing power starting to recover. Nonetheless, rising commodity prices and soaring production costs continued to put pressure on retail prices and this restricted consumption of staples to an extent.
Key trends in 2024
The growing number of flexitarians, vegetarians and vegans in Slovakia is shifting attention away from traditional processed meat products. This development is increasingly visible at various meal occasions, including grilling, where meat substitutes and vegetables are growing in popularity.
Competitive Landscape
Private label continues to benefit from weak consumer confidence and a general unwillingness to spend unless necessary. Heavy price competition between standard and premium brands prevented any major changes in retail value share over 2024, resulting in a more challenging climate for all players.
Channel developments
Supermarkets and hypermarkets remain the largest and most popular distribution channels within staples in 2024, while continuing to gain distribution share from convenience stores and small grocers. Retail e-commerce is also enjoying healthy growth as services improve, with faster delivery times and the entrance of new players (such as Kosik.
What next for staple foods?
Staples is expected to witness solid growth over the forecast period, driven by the premiumisation trend and stronger household spending power. Slovak households will increase expenditure in the pursuit of better-quality products.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Staple Foods industry in Slovakia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Staple Foods in Slovakia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Staple Foods in Slovakia?
- Which are the leading brands in Staple Foods in Slovakia?
- How are products distributed in Staple Foods in Slovakia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Staple Foods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Slovakia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Staple Foods in Slovakia
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Slovakia
KEY DATA FINDINGS
Baked goods sales suffer amid further price increases
Economical choices are a high priority when buying baked goods
Indulgent baked goods are supported by price promotions
Health trend to add value to baked goods category
Desire for freshness will prevail over frozen processed baked goods
Foodservice sales show promising growth
Breakfast Cereals in Slovakia
KEY DATA FINDINGS
Rising costs drive price hikes in breakfast cereals
Healthier variants have a captive audience
Private label has raised the competitive stakes
Breakfast cereals to face pressure from convenience snacks
Premiumisation trend is set to gain traction
Retail e-commerce stands to extend its share of sales
Processed Fruit and Vegetables in Slovakia
KEY DATA FINDINGS
Health focus and plant-based diets support category development
Private label bolsters its share as consumers remain frugal
McCain Foods launches Rustic Chips
Health and convenience will drive sales of processed fruit and vegetables
Competition fresh fruit and vegetables to remain strong
Asian cuisine will inject growth into frozen vegetables
Processed Meat, Seafood and Alternatives To Meat in Slovakia
KEY DATA FINDINGS
Falling meat consumption weakens overall category performance
Grilling products boost appeal of processed meat, seafood and alternatives to meat
Product developments support the development of meat alternatives
Volume growth to gain momentum in line with rising purchasing power
New technologies will raise the competitive stakes
Foodservice growth will challenge retail sales
Rice, Pasta and Noodles in Slovakia
KEY DATA FINDINGS
Stagnant volume sales in rice, pasta and noodles
Health awareness is driving the gluten-free trend
Need for convenience is raising the appeal of noodles
Plant-based eating and rising prices will support category growth
Retail e-commerce has considerable growth opportunities
Private label penetration set to rise
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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