Rice - Switzerland | Statista Market Forecast

Revenue in the Rice market amounts to US$211.10m in 2024. The market is expected to grow annually by 3.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$150bn in 2024).
In relation to total population figures, per person revenues of US$23.85 are generated in 2024.
In the Rice market, volume is expected to amount to 60.50m kg by 2029. The Rice market is expected to show a volume growth of 3.0% in 2025.0.
The average volume per person in the Rice market is expected to amount to 6.0kg in 2024.

Definition:

Around the world, rice is a widely farmed and consumed staple food crop. It is a cereal grain that serves as a significant source of fiber, vitamins, and minerals. The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.

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White Rice
Brown Rice
Basmati Rice
Jasmine Rice
Arborio Rice
Parboiled Rice
Quick-Cooking Rice

Rice-based ready-to-eat meals
Puffed rice
Coucous
Bulgur
Rice noodles
Out-of-home consumption

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.