Convenience Food - Switzerland

Switzerland

Revenue in the Convenience Food market amounts to US$1.63bn in 2024. The market is expected to grow annually by 4.07% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$182.90 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 112.00m kg by 2029. The Convenience Food market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Convenience Food market is expected to amount to 11.0kg in 2024.

Key regions: Canada, China, Spain, Japan, Philippines

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Analyst Opinion

The Convenience Food Market in Switzerland has been experiencing minimal growth, influenced by factors such as changing consumer preferences towards healthier food options, increasing demand for convenience and time-saving options, and the availability of a wide range of ready-to-eat meals and soups in the market.

Customer preferences: As convenience becomes more important to consumers in Switzerland, there is a growing demand for ready-to-eat meals and snacks that are both healthy and convenient. This trend is driven by busy lifestyles and a desire for healthier options, leading to the rise of meal kit delivery services and a focus on fresh, natural ingredients. Additionally, there is an increasing interest in plant-based and alternative protein options, as consumers become more health-conscious and environmentally aware.

Trends in the market: In Switzerland, the Convenience Food Market has seen a rise in demand for healthier, organic options due to increasing health consciousness among consumers. There is also a growing trend of plant-based and vegan convenience food products, reflecting the rise in flexitarian and vegetarian diets. This trajectory is significant as it indicates a shift towards more sustainable and ethical food choices. Industry stakeholders must adapt to these trends by offering a wider variety of healthy and ethical convenience food options to cater to changing consumer preferences.

Local special circumstances: In Switzerland, the Convenience Food Market is heavily influenced by the country's high standard of living and busy lifestyle. This has led to a demand for healthy, convenient, and ready-to-eat options, which has been met by the emergence of specialized convenience stores and online delivery services. Additionally, strict regulations on food safety and labeling have created a trusted and transparent market for consumers. Furthermore, the country's diverse population and strong cultural ties to food have resulted in a wide range of international convenience food options being available.

Underlying macroeconomic factors: The Convenience Food Market in Switzerland is heavily influenced by macroeconomic factors such as consumer spending, disposable income, and consumer preferences. The country's stable economy, high disposable income, and busy lifestyle of its citizens have driven the demand for convenience food products. Additionally, the rise in dual-income households and a growing number of working professionals have also contributed to the growth of the Convenience Food Market. Moreover, Switzerland's strict food safety regulations and high demand for quality and healthy convenience food products have encouraged companies to innovate and introduce new products in the market. This has further fueled the growth of the Convenience Food Market in the country.

Methodology

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.