Plant-based dairy is expected to witness an accelerated rate of retail volume growth from 2024 onwards. As purchasing power improves, Slovaks will become increasingly inclined to favour such products, which in addition to being perceived as healthier than traditional lactose-free varieties, are considered to be better for the environment.
As competition in plant-based dairy intensifies, the forecast period should see manufacturers step up efforts to differentiate their brands. For example, it is expected more players will start specifically targeting vegan consumers and introduce health-oriented products that are made from all-natural or organic ingredients, fortified with essential vitamins and minerals.
During the forecast period, it is realistic to assume that the VAT rate for plant-based products, currently at 20%, will be aligned with that of dairy products, which benefit from a reduced VAT rate of 10%,. This could encourage more consumers to make a switch to vegan alternatives from products such as drinking milk or butter.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Slovakia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 Plant-based Dairy 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.
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)See All of Our Definitions
This report originates from Passport, our Plant-based Dairy research and analysis database.
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