Fish & Seafood - Switzerland

Switzerland

Highlights

Revenue in the Fish & Seafood market amounts to US$1.74bn in 2024. The market is expected to grow annually by 3.53% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$97bn in 2024).
In relation to total population figures, per person revenues of US$196.00 are generated in 2024.
In the Fish & Seafood market, volume is expected to amount to 58.13m kg by 2029. The Fish & Seafood market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Fish & Seafood market is expected to amount to 5.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fish & Seafood market in Switzerland has shown minimal growth in recent years due to various factors such as increasing health consciousness among consumers, growing demand for fresh and processed options, and the convenience of online purchasing. Despite these drivers, the market is facing challenges such as strict regulations and high prices, which are impacting its overall growth rate.

Customer preferences: In Switzerland, there has been a growing trend towards sustainable and ethically sourced seafood, driven by consumer concerns over environmental impact and animal welfare. This has led to an increase in demand for locally sourced and certified sustainable seafood products. Additionally, there is a growing preference for seafood with low levels of mercury and other pollutants, as well as a rise in demand for plant-based seafood alternatives. These shifts in consumer preferences are also reflected in the rising popularity of pescatarian and flexitarian diets.

Trends in the market: In Switzerland, the Fish & Seafood market is experiencing a rise in demand for sustainable and ethically-sourced products. This trend is driven by consumer awareness and concern for environmental impact. As a result, industry stakeholders are investing in eco-friendly fishing methods and transparent supply chains. This trajectory is significant as it aligns with global sustainability efforts and can attract environmentally-conscious consumers. Moreover, it may lead to increased competition and price pressures for those who do not meet these standards.

Local special circumstances: In Switzerland, the Fish & Seafood Market is heavily influenced by the country's landlocked location and strict regulations on fishing and aquaculture. This has led to a strong emphasis on sustainable fishing practices and a focus on locally sourced seafood. Additionally, the Swiss culture values high quality and freshness, resulting in a preference for fresh, wild-caught seafood over frozen or farmed options. These factors have shaped the market dynamics, with a strong demand for premium, ethically sourced seafood and a limited supply of certain species, driving up prices.

Underlying macroeconomic factors: The Fish & Seafood Market within The Food market in Switzerland is heavily impacted by macroeconomic factors such as consumer demand, trade policies, and environmental regulations. The country's strong economy and stable political climate provide a favorable business environment for the market. Additionally, Switzerland's high standards for food safety and sustainability drive the demand for quality fish and seafood products. However, the market is also affected by global economic trends, such as fluctuations in seafood prices and changing consumer preferences for healthier and sustainable food options. Moreover, trade agreements and policies, such as the EU-Switzerland Free Trade Agreement, play a crucial role in shaping the market's growth and competitiveness.

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.