Between 2013 and 2023, the meat products turnover in Austria experienced fluctuating growth. Turnover was 4.43 billion Euros in 2013 and gradually increased to 5.42 billion Euros in 2023. There were notable year-on-year variations: a dip in 2014 by 0.81%, a peak growth of 6.35% in 2019, and a steady climb of 2.57% by 2023. Over the past five years leading up to 2023, the compound annual growth rate (CAGR) was 3.9%.
Looking forward, from 2024 onwards, the meat products turnover is projected to continuously grow, reaching 6.08 billion Euros by 2028. The forecasted five-year CAGR is 1.82%, indicating a slower growth rate compared to the previous five years, with an overall forecasted growth rate of 9.44%.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives, regulatory changes impacting meat production and sales, and economic factors influencing consumer spending power.
