Pet Food - Switzerland

Switzerland

Revenue in the Pet Food market amounts to US$0.73bn in 2024. The market is expected to grow annually by 2.35% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$59,740m in 2024).
In relation to total population figures, per person revenues of US$81.31 are generated in 2024.
In the Pet Food market, volume is expected to amount to 172.10m kg by 2029. The Pet Food market is expected to show a volume growth of 2.0% in 2025.
The average volume per person in the Pet Food market is expected to amount to 18.2kg in 2024.

Key regions: Russia, Spain, Philippines, United Kingdom, India

Market

Region

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Currency

Analyst Opinion

The Pet Food Market in Switzerland is currently experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing demand for natural and organic pet food, and competition from alternative pet nutrition options. This has resulted in a stagnant growth rate for the overall Food Market in Switzerland.

Customer preferences: As pet ownership continues to rise in Switzerland, consumers are increasingly seeking healthier and more personalized options for their furry companions. This has led to a growing demand for organic and natural pet food products, as well as personalized diets tailored to specific health needs and preferences. Additionally, with the rise of e-commerce and online shopping, there has been a surge in online sales of pet food, providing convenience and accessibility for busy pet owners. Furthermore, as more people embrace a plant-based lifestyle, there is also a growing trend of plant-based and vegan pet food options emerging in the market.

Trends in the market: In Switzerland, the Pet Food market is seeing a rise in demand for natural and organic pet food products. This trend is driven by consumers' growing awareness of the importance of nutrition for their pets' health and well-being. As a result, pet food manufacturers are focusing on developing innovative and high-quality products to cater to this demand. Additionally, there is a shift towards e-commerce channels for purchasing pet food, as more consumers prefer the convenience of online shopping. This trend is expected to continue in the future, with potential implications for industry stakeholders such as retailers and e-commerce platforms.

Local special circumstances: In Switzerland, the Pet Food Market is heavily influenced by the country's strict regulations on animal welfare and food safety. This has resulted in a high demand for premium, organic, and sustainably-sourced pet food products. Additionally, the country's affluent population has a strong preference for natural and high-quality pet food, leading to a market dominated by premium brands. Switzerland's small size and dense population also play a role in the pet food market, with a focus on convenience and online shopping for pet supplies.

Underlying macroeconomic factors: The Pet Food Market within The Food market in Switzerland is heavily influenced by macroeconomic factors, such as the country's stable economic health and strong fiscal policies. Switzerland's strong economy and high disposable income levels make it a lucrative market for premium pet food products. Additionally, as pet ownership continues to rise globally, the demand for high-quality pet food is expected to increase in Switzerland as well. Furthermore, the country's strict regulations and standards for pet food safety and quality also contribute to the market's growth and consumer confidence. These factors create a favorable environment for the Pet Food Market in Switzerland, making it a key market for pet food manufacturers and suppliers worldwide.

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.