Key Market Indicators
The baked goods market is projected to reach approximately €2.6 billion by 2028, growing from around €2.4 billion in 2023. This reflects an average annual growth rate of 1.3%. Notably, the market had expanded at a slightly higher rate of 1.6% annually in previous years. Among the leading countries in this sector, Italy, the United Kingdom, and France hold the second, third, and fourth positions, respectively. In parallel, Austrian bread exports are expected to climb to roughly $826 million by 2028, up from about $754 million in 2023. This indicates an average yearly growth rate of 1.4%. Since 1999, Austrian bread supply has seen an annual increase of 1.9%. On the import side, Austrian bread imports are anticipated to reach nearly $857 million by 2028, up from approximately $789 million in 2023. This growth rate averages 1.3% per year. Since 1999, Austrian bread demand has risen by 1.6% annually.
