Switzerland Pet Food Market Forecast 2022-2028

Switzerland Pet Food Market Forecast 2022-2028

KEY FINDINGS

The Switzerland pet food market growth is anticipated to progress at a CAGR of 0.56% in terms of volume and 1.09% in terms of revenue during the forecast period, 2022-2028. The market growth is attributed to the thriving e-commerce market due to omnichannel strategies, the growing pet humanization, and the rising investments in pet foods and products.

MARKET INSIGHTS

In Switzerland, the pandemic has led to considerable shifts in consumer behavior. Also, it dismantled the retail industry with the forced closure of physical stores and uncertainty with regard to the in-store experience. In addition, several retailers started serving consumers through alternative channels. Omnichannel and digital-first retailers were the first to make the shift. As a result, the pandemic has surged the transition from physical stores to e-commerce.

Also, pet owners are spending more time on the internet for product information with regard to pet foods. This further helps businesses with strong social media and online presence benefit from e-commerce. Besides, many retailers are utilizing the omnichannel strategy. This entails providing a completely integrated shopping experience from the physical to the virtual store, encompassing mobile applications and online and offline options. Moreover, the e-commerce channel benefits from the omnichannel distribution strategies of eminent pet superstores and grocery retailers. Such aspects make Switzerland a conducive market for pet foods.

COMPETITIVE INSIGHTS

Some of the leading firms in the market are Nestle Purina PetCare, Migros-Genossenschafts-Bund, Royal Canin, Hill’s Pet Nutrition Inc, Mars Incorporated, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments