by Swiss supermarkets offer a wide choice of alternatives to animal-based milk © Keystone / Gaetan Bally Plant-based dairy products continue to gain in popularity in Switzerland, with sales of plant-based milk more than doubling since 2017. However, dairy substitutes still occupy a niche in the overall market. Last year dairy substitutes generated sales of CHF172 million (5 million) in the retail trade, the Federal Office for Agriculture (FOAG) said on ThursdayExternal link, publishing the results of a surveyExternal link. In 2017 turnover was CHF96 million. The retail market share of dairy substitutes was 4.2% last year. Plant-based milk, yoghurt and cheese has seen growth of over 20% in recent years. Margarine, on the other hand, a butter substitute usually made
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Frank Shostak writes Assumptions in Economics and in the Real World
Conor Sanderson writes The Betrayal of Free Speech: Elon Musk Buckles to Government Censorship, Again
Nachrichten Ticker - www.finanzen.ch writes Bitcoin erstmals über 80.000 US-Dollar
Nachrichten Ticker - www.finanzen.ch writes Kraken kündigt eigene Blockchain ‘Ink’ an – Neue Ära für den Krypto-Markt?
Swiss supermarkets offer a wide choice of alternatives to animal-based milk © Keystone / Gaetan Bally
Plant-based dairy products continue to gain in popularity in Switzerland, with sales of plant-based milk more than doubling since 2017. However, dairy substitutes still occupy a niche in the overall market.
Last year dairy substitutes generated sales of CHF172 million ($175 million) in the retail trade, the Federal Office for Agriculture (FOAG) said on ThursdayExternal link, publishing the results of a surveyExternal link. In 2017 turnover was CHF96 million.
The retail market share of dairy substitutes was 4.2% last year. Plant-based milk, yoghurt and cheese has seen growth of over 20% in recent years. Margarine, on the other hand, a butter substitute usually made from vegetable oil and available for years, is losing popularity.
Dairy substitutes are usually more expensive than products made from milk that has come from an animal. Cheese substitutes, for example, are almost twice as expensive as cheese. The price difference for yoghurt substitutes is about 82% and for milk substitutes about 81%.
The FOAG says dairy substitutes are particularly popular with young families with high incomes.
‘Great potential’
The main dairy substitute product is plant-based milk, which accounts for a third of the total dairy substitute market, according to the survey. Of this, oat milk is responsible for almost half of all sales (45%), ahead of other plant-based milks such as soy, almond and rice milk. Sales are lower for milk made from coconuts, peanuts, cashews, hazelnuts, spelt, peas, millet and hemp.
The FOAG said these products hold “great potential for Swiss agriculture, especially for the production of plant-based raw materials”. Raw materials and semi-finished products from which dairy substitutes are made are currently largely imported, it said.
The office based its analysis on data from NielsenIQ Switzerland. Data from 4,000 households in the German-speaking and French-speaking parts of Switzerland was collected, as well as data from the retail trade.
You Might Also Like
Half of flights delayed at Zurich Airport
2022-07-15
Almost every second flight from Zurich Airport has been delayed since the beginning of June, with travellers facing more delays this summer.
Cartel fined for fixing price of Volkswagens
2022-07-01
A group of Volkswagen dealers in southern Switzerland has been fined CHF44 million ($46 million) by the Federal Competition Commission (Comco). The seven cartel members, including car importer AMAG, had fixed the prices of new Volkswagen cars for years.
Switzerland details revenue split for global corporate tax rate
2022-06-25
Switzerland will implement from 2024 the minimum tax rate for large multinational firms under a global tax deal. The federal government will get a quarter and regional and local authorities three-quarters of revenue, it said on Thursday, outlining how the deal would be implemented.
US tax authority asks Switzerland for client data from 26 institutions
2022-06-15
The US tax authority IRS wants further information from the Swiss authorities on account data at 26 financial institutions. The IRS has made numerous requests for information in the past.
Easter march through Bern addresses war in Ukraine
2022-04-21
The traditional Easter march has taken place in the Swiss capital, Bern. This year the “Walk for Peace” focused on issues including the climate and Russia’s invasion of Ukraine.
Ukrainian refugees can benefit Swiss economy, says expert
2022-04-06
Switzerland can cope with a large number of Ukrainian refugees, and their skills can benefit the economy, says migration expert Thomas Kessler. “The Ukrainian women will provide new impetus in this country,” he told the SonntagsBlick newspaper. “Especially in the IT sector, the Ukrainians are more advanced than Switzerland. In addition, it is normal in Ukraine for women to study natural sciences.”
Switzerland slaps more sanctions on Russia
2022-04-01
The Swiss government on Friday adopted additional sanctions against Russia for its ongoing war in Ukraine but did not ban the Russian state TV channels Sputnik and Russia Today like the European Union.
SWISS suspends flights to Ukraine
2022-02-19
Other airlines in the Lufthansa Group also announced plans to halt flights to the country. © Keystone / Christian Beutler
Amid further escalations of the crisis in Ukraine, Swiss International Airlines has decided to temporarily suspend flights to Ukraine from next week. This affects flight connections in Kyiv.
This content was published on February 19, 2022 – 17:22
February 19, 2022 – 17:22
Keystone-SDA/jdp
All flights will be cancelled from Monday, February 21 until February 28, 2022, a SWISS spokesperson told the Keystone-SDA news agency on Saturday in response to a request. Flights on Sunday, February 20, would take place as planned to provide booked passengers a travel option between Kyiv and Zurich.“The safety of passengers and crew members is the top priority at all times,”
Tags: Featured,Latest news,newsletter