The butter and dairy spreads market in Austria, expressed in volume, demonstrated a mixed trajectory over the past decade. In 2023, the market stood at 52.022 million kilograms, showing marginal growth compared to previous years. Over the past decade, the market displayed fluctuations with occasional declines, registering a compound annual growth rate (CAGR) of -0.00058% from 2018 to 2023. Particularly, year-on-year variations ranged from -2.13% to 2.35%, reflecting periods of both growth and contraction.
Future forecasts suggest a gradual increase, with a projected CAGR of 0.69% from 2024 to 2028, indicating a somewhat steady recovery. This forecasted growth corresponds to a projected volume increase to 54.34 million kilograms by 2028, highlighting a moderate long-term growth trend of 3.51% over the next five years.
Future trends to watch for include:
- Shifts in consumer preferences towards dairy alternatives.
- Impact of health and wellness trends on butter and spread consumption.
- Changes in regulatory policies impacting dairy production and imports.
- Technological advancements in dairy processing and spread manufacturing.
