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Mon - Fri, 9am - 6pm (EST)
Key regions: United States, Canada, China, India, South Korea
The Food market in D-A-CH is facing minimal growth, influenced by factors such as consumer preferences for healthier and more sustainable food options, increasing demand for convenience and ready-to-eat meals, and the rise of online grocery shopping. Other factors include changing dietary habits and preferences, as well as the impact of global supply chain disruptions on the availability and prices of certain food products. The market is also affected by regulatory changes and shifting consumer attitudes towards food production and sourcing practices.
Customer preferences: As consumers in D-A-CH become more health-conscious, there is a growing demand for vegetarian and plant-based food options. This trend is driven by cultural attitudes towards sustainability and ethical sourcing, as well as health concerns related to meat consumption. Additionally, there is a rise in online grocery shopping, as busy lifestyles and convenience play a major role in consumer preferences. This shift towards digital channels has also led to an increase in online meal delivery services, providing consumers with a wider variety of healthy food options.
Trends in the market: In the D-A-CH region, The Food market market is experiencing a surge in demand for organic and sustainable food products. Consumers are increasingly concerned about the environmental impact of their food choices and are willing to pay a premium for ethically sourced and environmentally friendly options. This trend is expected to continue as more consumers become aware of the importance of adopting sustainable practices in the food industry. The implications for industry stakeholders include the need to invest in sustainable production methods and marketing strategies to cater to this growing segment of conscious consumers. Additionally, there is a rising popularity of plant-based and alternative protein products, driven by the increasing trend of vegetarianism and veganism in the region. This presents an opportunity for food companies to innovate and expand their product offerings to meet the changing preferences of consumers. E-commerce is also gaining momentum, as more consumers prefer to purchase their food products online, leading to the development of online food marketplaces and delivery services. This trend is likely to continue as the convenience and safety of online shopping become increasingly important to consumers. Overall, the trajectory of these trends indicates a shift towards a more sustainable and digitally driven food market in the D-A-CH region, which presents both challenges and opportunities for industry stakeholders.
Local special circumstances: In the D-A-CH region, The Food market is heavily influenced by cultural and regulatory factors. In Germany, the market is shaped by the country's strong food safety regulations, with consumers prioritizing quality and sustainability. In Switzerland, the market is driven by the country's high standard of living and demand for organic and premium products. In Austria, the market is influenced by the country's rich culinary traditions, leading to a strong demand for traditional and regional food products. These unique factors contribute to the diverse and dynamic landscape of The Food market in the D-A-CH region, making it a highly competitive and constantly evolving market.
Underlying macroeconomic factors: The Food market market in D-A-CH is heavily influenced by macroeconomic factors such as consumer spending power, inflation rates, and government policies. Countries with stable economic conditions and strong consumer confidence are likely to experience higher demand for food products, particularly premium and organic options. On the other hand, economic downturns and high inflation rates may result in reduced consumer spending and a shift towards more affordable food options. Additionally, government policies such as trade agreements and import/export regulations can greatly impact the availability and pricing of food products in the market. Overall, the performance of The Food market market in D-A-CH is closely tied to the economic health of the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)