Meat Substitutes - Switzerland

Switzerland

Revenue in the Meat Substitutes market amounts to €232.80m in 2024. The market is expected to grow annually by 10.77% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€2,175m in 2024).
In relation to total population figures, per person revenues of €26.09 are generated in 2024.
In the Meat Substitutes market, volume is expected to amount to 17.38m kg by 2029. The Meat Substitutes market is expected to show a volume growth of 11.7% in 2025.
The average volume per person in the Meat Substitutes market is expected to amount to 1.2kg in 2024.

Key regions: Spain, Russia, United Kingdom, South Korea, India

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Meat Substitutes Market in Switzerland is experiencing subdued growth due to various factors such as consumer preference for traditional meat products, limited availability of substitutes, and higher cost compared to conventional options. Despite this, the market is expected to see steady growth driven by increasing health consciousness and the convenience offered by plant-based alternatives within the wider Food Market.

Customer preferences: As health and sustainability concerns continue to gain traction, there has been a noticeable increase in demand for plant-based meat substitutes in Switzerland. This is driven by a growing number of individuals adopting vegetarian and vegan diets, as well as a rising interest in reducing meat consumption for health and environmental reasons. In addition, the convenience and accessibility of these products, along with their improved taste and texture, are also contributing factors to their popularity.

Trends in the market: In Switzerland, the Meat Substitutes Market within the Meat Market is experiencing a surge in demand due to increasing concerns about the environmental impact of meat consumption. This trend is expected to continue as consumers become more health-conscious and seek out sustainable food options. Additionally, the use of plant-based meat substitutes is gaining popularity among flexitarians and vegetarians, driving further growth in the market. This shift towards meat alternatives has significant implications for industry stakeholders, including traditional meat producers who may need to adapt their business models to stay competitive. Furthermore, the trajectory of this trend suggests that the Meat Substitutes Market will continue to expand in the coming years, making it a key area for investment and innovation in the food industry.

Local special circumstances: In Switzerland, the Meat Substitutes Market of the Meat Market within The Food market is influenced by the country's strong cultural emphasis on sustainability and health consciousness. This has led to a rise in demand for plant-based meat alternatives, as well as strict regulations on the labeling and production of these products. Additionally, the small geographical size of Switzerland has led to a strong focus on locally sourced and organic ingredients, further driving the growth of the Meat Substitutes Market.

Underlying macroeconomic factors: The Meat Substitutes Market in Switzerland is influenced by various macroeconomic factors such as consumer preferences towards healthy and sustainable food options, government initiatives to promote plant-based diets, and rising concerns about the environmental impact of traditional meat production. The country's strong economy and high disposable income levels also play a significant role in driving the demand for meat substitutes. Furthermore, the increasing global trend towards vegetarian and vegan diets is expected to further boost the growth of the Meat Substitutes Market in Switzerland. Additionally, the growing awareness about the health benefits of plant-based diets and the rise of ethical and environmental concerns are also contributing to the market's growth.

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.