Key regions: Spain, China, Canada, India, South Korea
The Bread & Cereal Products Market in Switzerland has seen limited growth due to various factors such as stagnant consumer demand, high competition, and limited innovation in the market. This has led to a negligible growth rate for the Rice Market within The Food market, with consumers opting for alternative options.
Customer preferences: As consumers become more health-conscious and environmentally conscious, there is a growing demand for sustainable and organic rice products in Switzerland. With the rise of gluten-free and vegan diets, there is also an increasing demand for alternative rice-based products, such as rice noodles and rice flour. Additionally, there is a trend towards convenience and ready-to-eat rice products, as busy lifestyles and a growing aging population drive the need for quick and easy meal options.
Trends in the market: In Switzerland, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a rise in demand for organic and gluten-free rice products. This trend is driven by the increasing awareness of health benefits associated with these products, as well as the growing number of consumers with gluten sensitivity. Moreover, there is a trend towards sustainability in rice production, with consumers showing a preference for environmentally friendly practices. These trends are expected to continue in the coming years, presenting opportunities for industry stakeholders to cater to the changing consumer preferences and differentiate their products in the market.
Local special circumstances: In Switzerland, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's strict regulations on food quality and labeling. This has led to a higher demand for organic and locally-sourced rice products. Additionally, the country's strong economy and high disposable income have resulted in a growing trend towards healthier and more environmentally-friendly food choices, driving the demand for specialty and whole grain rice varieties. The availability of a diverse range of rice products, such as risotto and sushi rice, also caters to the country's multicultural population.
Underlying macroeconomic factors: The Rice Market in Switzerland is heavily influenced by macroeconomic factors such as global trade policies, national economic health, and consumer purchasing power. As a highly developed country with a strong economy, Switzerland has a high demand for quality food products, including rice. However, strict regulations and high production costs in the country can limit the growth of the rice market. On a global scale, changing weather patterns and trade tensions can also impact rice production and prices, affecting the market in Switzerland. Additionally, consumer preferences for healthier and sustainable food options are also shaping the demand for rice in the country.
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.
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