Increased demand for meat substitutes in Switzerland

Published 2021년 5월 17일

Tridge summary

The Swiss retail trade has seen a significant increase in the demand for meat substitutes, with a turnover of 117 million francs in 2020, up from 60 million in 2016. This represents a market growth of 18.4% per year. Despite this growth, meat substitutes still account for only 2.3% of the retail market. The most popular meat substitutes are vegetarian burgers, with one in six burgers sold in retail being plant-based. The demand for these products is highest in young, high-income German-speaking families living in urban areas. The Federal Office for Agriculture (FOAG) study also identifies a potential opportunity for Swiss agriculture in the production of vegetable raw materials for meat substitutes, as currently, almost all of these raw materials are imported.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The demand for meat substitutes has grown steadily in Switzerland over the past five years. During this period, the turnover generated by the sale of soy products or other protein products has almost doubled in the retail trade. However, private consumption clearly depends on the type of household. Meat substitutes are, for example, especially popular with young and well-off German-speaking families. But meat substitutes are nonetheless a niche market compared to meat, as revealed in a large study by the Federal Office for Agriculture (FOAG) - (photo illustration: Pixabay). The demand for meat substitutes has increased sharply in Switzerland since 2016. Last year, the Swiss retail trade in this product category achieved a turnover of 117 million francs, compared to 60 million in 2016. Un amount which practically doubled, with an average annual growth of 18.4% during this period. Compared to meat, substitutes remain a niche market with a market share of 2.3% in the retail trade. ...
Source: Agrihebdo

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