The Austrian confectionery market displayed fluctuating growth from 2013 through 2019, with notable dips in 2017 and 2018. The market size in 2023 stood at approximately €614.25 million, marking a recovery and steady growth trajectory in recent years. Year-on-year variation over the last two years indicates modest growth, with 1.6% in 2022 and 1.56% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years is 3.03%, highlighting a period of stable expansion.
Looking forward, the market is forecasted to continue its upward trend with an estimated value of €660.10 million by 2028. The five-year CAGR leading up to 2028 is projected at 1.14%, suggesting a moderate but stable increase in market size.
Future trends to watch for include:
- Increasing consumer demand for healthier and organic confectionery products.
- Innovations in sustainable packaging.
- Expansion of premium confectionery segments.
