Industry revenue of »manufacture of bakery and farinaceous products« in Switzerland 2011-2023

Industry revenue of »manufacture of bakery and farinaceous products« in Switzerland from 2011 to 2023 (in million U.S. Dollars)

by Philipp Huhn, last edited Sep 19, 2019
Industry revenue of »manufacture of bakery and farinaceous products« in Switzerland 2011-2023 The bakery and farinaceous products manufacturing revenues in Switzerland grew at a robust pace between 2011 and 2017, with the period 2018-2023 experiencing marginally restricted growth. According to estimates by Statista based on the data gathered by Eurostat, the market is expected to reach 6,504.1 million U.S. Dollars by 2023, up from almost 5,183.4 million U.S. Dollars in 2018.

Bakery companies accounts for majority of food manufacturers

Bread is a staple food in Switzerland, with the country ranking among the top 30 globally in terms of per-capita volume sales in 2018. This has resulted in a big increase in new market entrants over the last few years, thereby positively impacting industry revenues. Currently, the majority of the food manufacturing industry is made up of companies making bakery and farinaceous products. However, in terms of production value these revenues account for only 13 percent of the total food market.

Organic products are in demand

Over the last few years consumers all over the world are demanding healthier food options including organic bread and bakery products. Switzerland is one of the major markets for such consumables with the second largest share of organic bread and bakery products in Europe only after Germany.
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Industry revenue of »manufacture of bakery and farinaceous products« in Switzerland from 2011 to 2023 (in million U.S. Dollars)

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