Published on : Aug 25, 2016
A continuous demand for nutritious and healthy varieties of products, having sugar-free and low-calories ingredients are gaining a huge demand by consumers. These factors will highly fuel the growth of the market for biscuits in Switzerland. The growing count of domestic and international tourists and the continuous development in the sector of retail after the economic turmoil that took place in 2008 will also augment the development of the biscuits market in Switzerland.
Chocolate Biscuits Held Largest Share in 2015
In terms of type of biscuits, the Switzerland biscuits market is segmented into plain biscuits, rich tea, chocolate coated biscuits, bourbon, filled biscuits, and others. Amongst these, in 2015, the chocolate coated biscuits held the largest share in the revenue of the market. In terms of revenue, it represented a share of 36.9% in the market in 2015 and is poised to touch 39.4% by 2024.
On the other hand, the plain biscuits segment came up as the most preferred product segment in the market in 2015 and held a share of approximately 29.4% in the same year. This segment, however, is predicted to lose some of its share to other segments including rich tea biscuits and filled biscuits by the end of 2024.
Age Groups between 5 to 10 Years to Exhibit Promising Opportunities in Switzerland Biscuits Market
The consumers in between the age groups 20 to 30 years appeared to be the highest consumers of biscuits in 2015 in Switzerland. In 2015, this age group accounted for a share of approximately 28% in the market, in terms of revenue. The individuals in age groups between 31 and 40 years constituted the second-largest share of 23.2% in the market in 2015. On the other hand, the age groups between 5 to 10 years is predicted to exhibit the most promising growth opportunities in the biscuits market in Switzerland. This age group segment is predicted to exhibit a 2.70% CAGR between 2016 and 2024.