In 2023, the meat products production value in Austria stood at 5.10 billion Euros. Based on forecasted data, the production value is expected to grow steadily, reaching 5.22 billion Euros in 2024, 5.34 billion Euros in 2025, 5.46 billion Euros in 2026, 5.58 billion Euros in 2027, and 5.70 billion Euros in 2028. The data shows a consistent year-on-year growth of approximately 2.3%. Over the past two years, this has indicated a highly stable and predictable market trajectory. The compound annual growth rate (CAGR) over the forecast period (2024-2028) is approximately 2.3%.
Future trends to watch for:
- Changes in consumer preferences towards more sustainable and plant-based proteins influencing market dynamics.
- Regulatory changes and trade policies affecting meat production and export potential.
- Technological advancements in meat processing and production enhancing efficiency and product quality.
- Economic factors such as inflation or changes in consumer spending power which could impact demand.