Sunday , November 24 2024
Home / SNB & CHF / Swiss consumers spend big on organic products

Swiss consumers spend big on organic products

Summary:
The organic food market in Switzerland experienced slower growth in 2021 than the previous year. However, consumers are spending more than ever on organic products. According to annual figures released by the organic food association Bio Suisse on Wednesday, the market for organic products grew 0.6% in 2021 to reach a share of 10.9% of the total market. In 2020, the association recorded a 4% growth in organic sales. One of the reasons for the slower growth is that consumers ate out in restaurants more and bought less organic products for cooking at home than in the first pandemic year, a spokesman for the association told the Keystone-SDA agency. Despite slower growth, organic sales exceeded CHF4 billion (.29 billion) for the first time. In 2020, the organic

Topics:
Swissinfo considers the following as important: , , , ,

This could be interesting, too:

Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

Charles Hugh Smith writes How Do We Fix the Collapse of Quality?

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts

Swiss consumers spend big on organic productsThe organic food market in Switzerland experienced slower growth in 2021 than the previous year. However, consumers are spending more than ever on organic products.

According to annual figures released by the organic food association Bio Suisse on Wednesday, the market for organic products grew 0.6% in 2021 to reach a share of 10.9% of the total market. In 2020, the association recorded a 4% growth in organic sales.

One of the reasons for the slower growth is that consumers ate out in restaurants more and bought less organic products for cooking at home than in the first pandemic year, a spokesman for the association told the Keystone-SDA agency.

Despite slower growth, organic sales exceeded CHF4 billion ($4.29 billion) for the first time. In 2020, the organic market reached CHF3.9 billion. Consumers in Switzerland spent more on a per capita basis on organic products. This amounted to CHF459 per person in 2021 compared with CHF445 in 2020.

Eggs remained the most popular organic products with 29.2% of the egg market, followed by bread (26.3%) and vegetables (23.8%). Dairy products represent the largest share when it comes to sales with CHF405 million, the same level as in 2020.

Need for more organic production

The share of land area that is farmed organically increased slightly to 17% but the number of new farms had decreased compared to previous years.

In 2021, around 7,473 farms (16.8% of farms) were operating according to Bio Suisse standards in 2021. Almost two thirds of these were in southeastern Switzerland. Only 23 additional farms were set up, which is lower than in previous years. This is in part due to a “generation change that is currently underway and is leading to more operational closures than in previous years,” writes Bio Suisse in a statementExternal link.

As organic becomes more popular, Bio Suisse says that it has intensified its search for farms interested in producing according to its standards.


Tags: ,,
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *