The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: We hold a bullish outlook for the Czech Republic's retail sector in 2017 and over the remainder
of our forecast period to 2020. While the market is highly competitive, particularly in key categories such as
mass grocery retail and household goods, rising incomes will drive demand for higher-quality goods and
services across the board.
Key Trends & Developments
? We forecast that total household spending will increase by 9.4% y-o-y in 2017. We project a slightly
slower but still robust spending growth rate across the entire forecast period, averaging 8.5% per annum.
? The three largest spending areas - food & non-alcoholic drinks, housing & utilities and transport - will
continue to account for more than 50% of total spending in 2020.