Food - Switzerland

Switzerland

Revenue in the Food market amounts to US$45.37bn in 2024. The market is expected to grow annually by 3.74% (CAGR 2024-2029).
The market's largest segment is the segment Dairy Products & Eggs with a market volume of US$8.37bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$5,085.00 are generated in 2024.
In the Food market, 3.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 5,922.00m kg by 2029. The Food market is expected to show a volume growth of 2.4% in 2025.
The average volume per person in the Food market is expected to amount to 601.60kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Switzerland has been witnessing a slow growth rate, attributed to factors such as increasing health consciousness among consumers, rising demand for convenience food, and a shift towards plant-based diets. The sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Convenience Food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes, and Pasta & Rice all play a role in shaping the overall market. However, with a negligible growth rate, The Food market in Switzerland is facing challenges such as high production costs and strict regulations.

Customer preferences: As health and wellness continue to be a top priority for Swiss consumers, there has been a growing demand for healthier and more sustainable food options. This has led to an increase in plant-based and organic food products, as well as a focus on locally sourced ingredients. With a strong emphasis on quality and transparency, consumers are also gravitating towards food products with clean labels and fewer additives. Additionally, there has been a rise in online food delivery services, catering to busy lifestyles and convenience-driven preferences.

Trends in the market: In Switzerland, The Food market is experiencing an increasing demand for organic and sustainable products. This trend is driven by consumers' growing awareness of the environmental impact of food production and their desire for healthier options. This trajectory is expected to continue, with the government implementing policies to support sustainable agriculture and promoting local food production. The significance of this trend is two-fold: it provides opportunities for industry stakeholders to tap into the growing market for organic and sustainable products, while also addressing concerns over food safety and environmental sustainability. However, it may also pose challenges for traditional food producers who may struggle to meet the demands for organic and sustainable products. Overall, this trend showcases the importance of incorporating sustainability into business practices in The Food market industry in Switzerland.

Local special circumstances: In Switzerland, The Food market is heavily influenced by the country's strict regulations on food safety and labeling. This has led to a high level of trust among consumers, who are willing to pay a premium for products that are certified organic or locally sourced. Additionally, the country's diverse landscape and microclimates allow for a wide range of agricultural products, resulting in a rich and varied food culture. This has led to a demand for high-quality, artisanal products, and a thriving market for specialty foods, such as Swiss chocolates and cheeses.

Underlying macroeconomic factors: The Food market in Switzerland is heavily influenced by macroeconomic factors such as the country's stable economy, high household income levels, and strong consumer demand for high-quality and locally-sourced food products. Additionally, the Swiss government's support for sustainable agriculture and food production has also contributed to the growth of the market. Moreover, the country's strong focus on innovation and technology in the food industry has led to the development of new and innovative products, further driving market growth. However, the high cost of living and strict regulations on food imports may pose challenges for foreign food companies entering the Swiss market.

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.