Key Market Indicators
Austrian Food Services Expenditure is projected to reach approximately €27.5 billion by 2028, up from €25.6 billion in 2023. This marks an average annual growth rate of 1.1%. Notably, since 2000, Austrian demand in this sector has declined by 1.1% per year. In 2023, Austria ranked eighth in food services expenditure, with Switzerland surpassing it at the same €25.6 billion mark. Spain, Italy, and France took the second, third, and fourth spots, respectively. In terms of revenue, the Austrian Food Services market is expected to hit around €32.7 billion by 2028, rising from €26.7 billion in 2023. This indicates a compound annual growth rate (CAGR) of 3.2%. Since 2010, the Austrian market has seen a yearly increase of 4%. In 2023, Austria held the seventh position in food services revenue, with the Netherlands leading at €26.7 billion. Germany, France, and Italy ranked second, third, and fourth, respectively.