The turnover in the Restaurants and Mobile Food Service Activities sector in Austria was €11.29 billion in 2023. From 2013 to 2023, the sector experienced fluctuating growth rates, with significant dips, particularly in 2020 due to the global pandemic, where turnover saw a significant decline of -25.81%. However, post-pandemic recovery was strong, showing a remarkable rise with a 22.96% increase in 2021. The compound annual growth rate (CAGR) over the last five years stands at 3.33%, showcasing a recovering and growing trend.
Going forward, forecasted data suggests stable growth, with the CAGR from 2024 to 2028 projected at 2.53%, leading to an anticipated turnover of €13.26 billion in 2028, representing a 13.29% growth over the next five years.
Future trends to watch for:
- Impact of inflation on consumer spending and menu pricing.
- Growth of online food delivery and its share in the market.
- Adoption of sustainability practices and emphasis on local and organic food sourcing.
- Technological advancements in order management and customer service.
