Key Market Indicators
Austrian food expenditures are projected to reach approximately €23.3 billion by 2028, up from €20.4 billion in 2023, marking an annual growth rate of 2.1%. Since the year 2000, demand for food in Austria has increased by an average of 3.3% each year. In 2023, Austria ranked 13th in food expenditures, with Greece slightly ahead at the same €20.4 billion mark. Leading the rankings were France, Italy, and the United Kingdom, occupying the second, third, and fourth positions, respectively. Meanwhile, Austrian food sales are expected to rise to around €23.7 billion by 2028, from €21.2 billion in 2023, achieving an annual growth rate of 1.8%. Since 2010, the Austrian food market has seen a steady yearly increase of 1.7%. In 2023, Austria was placed 12th in food sales, with Norway surpassing it at €21.2 billion. France, Italy, and Spain held the second, third, and fourth spots in this category, respectively.
