Market Insights Consumer Food Dairy Products & Eggs

Yogurt Substitutes - Switzerland

Switzerland

Revenue in the Yogurt Substitutes market amounts to €28.53m in 2024. The market is expected to grow annually by 4.98% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€431m in 2024).
In relation to total population figures, per person revenues of €3.20 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 4.79m kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 5.2% in 2025.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.5kg in 2024.

Key regions: Canada, Russia, United States, Japan, United Kingdom

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Yogurt Substitutes market in Switzerland is seeing minimal growth due to factors such as limited consumer awareness and lack of variety in products. Despite this, there is potential for growth as the demand for alternative dairy products increases. Other factors such as health consciousness and convenience are also impacting the market's growth rate.

Customer preferences: The rise in health-conscious consumers in Switzerland has led to a growing demand for dairy-free and plant-based yogurt substitutes. This trend is driven by a desire for healthier and more sustainable options, as well as increasing concerns about lactose intolerance and allergies. Additionally, the rise of veganism and flexitarian diets has also prompted a shift towards non-dairy alternatives in the yogurt market. This shift towards plant-based options is also influenced by a growing awareness of environmental issues and a desire for more ethical and sustainable food choices.

Trends in the market: In Switzerland, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based alternatives, driven by increasing consumer demand for healthier and more sustainable options. This trend is expected to continue, as more companies introduce innovative products to cater to this growing segment. Additionally, there is a rise in dairy-free and vegan diets, further fueling the demand for yogurt substitutes. This presents opportunities for industry stakeholders to tap into this market and diversify their product offerings. However, it also poses challenges for traditional dairy companies, who may need to adapt and invest in plant-based alternatives to stay competitive.

Local special circumstances: In Switzerland, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's strong and longstanding tradition of high-quality dairy products. Swiss consumers have a preference for natural and organic products, leading to the popularity of plant-based yogurt alternatives made from ingredients such as soy, almond, and coconut. Additionally, the country's strict regulations on food labeling and production ensure the safety and quality of these substitutes, instilling consumer trust and driving market growth.

Underlying macroeconomic factors: The Yogurt Substitutes Market in Switzerland is heavily influenced by macroeconomic factors such as consumer spending power, inflation rates, and economic growth. As a highly developed and stable economy, Switzerland has a strong demand for premium and healthy food products, including yogurt substitutes. However, the market is also impacted by global economic trends, such as trade policies and currency fluctuations, which can affect the cost of imports and exports. Additionally, government fiscal policies, such as taxes and subsidies, can have a significant impact on the affordability and competitiveness of yogurt substitutes in the market. It is also worth noting that Switzerland has a high standard of living and a strong focus on sustainability, which may influence consumer preferences and purchasing decisions for yogurt substitutes.

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.