Forecast: Fresh Bovine Meat Market Size Value in Austria

The fresh bovine meat market in Austria has shown a consistent growth pattern over the past decade, increasing from 494.82 million Euros in 2013 to 756.66 million Euros in 2023. Specifically, the market stood at 756.66 million Euros in 2023. Year-on-year growth has varied, with notable increases in 2014 (8.06%) and 2017 (13.85%), while recent years have shown more moderate growth, with 2.12% in 2022 and 2.04% in 2023. The last five-year CAGR stands at 1.69%, indicating a gradual deceleration in growth. Forecasts project the market to reach 827.73 million Euros by 2028, with a five-year CAGR of 1.42%, suggesting continued, albeit slower, growth.

Future trends to watch for:

  • Changes in consumer preferences towards organic and locally sourced meat products.
  • Impact of sustainability and animal welfare concerns on market dynamics.
  • Technological advancements in meat production and distribution.

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