From 2013 to 2023, the grapefruit juice market in Austria has experienced a decline, with the market decreasing from approximately 4.70 million Euros in 2013 to 3.52 million Euros in 2023. Over the last two years, the market faced consecutive contractions of 1.73% annually. The five-year compound annual growth rate (CAGR) depicts an average annual reduction of 2.03%. The latter half of the period showed attempts at stabilization, though the overall trend remains negative.
Future trends to watch for include shifts in consumer preferences towards healthier alternatives, advent of innovative marketing strategies, and the impact of socio-economic factors on disposable income which could influence market recovery or further decline.
How does Austria rank in Grapefruit Juice Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 75,337,000 | 2023 | -1.37% | -2.17% | View data |
| 2 | 2 Germany | 73,519,000 | 2023 | +1.02% | +1.12% | View data |
| 3 | 3 Italy | 32,310,000 | 2023 | +2.33% | +2.38% | View data |
| 4 | 4 Austria | 3,519,600 | 2023 | -1.73% | -2.03% | |
| 5 | 5 Sweden | 2,091,100 | 2023 | -2.55% | -4.15% | View data |
| 6 | 6 Lithuania | 202,180 | 2023 | -7.1% | -6.18% | View data |
