The sold production of ice cream in Austria has experienced varied growth trends over the past decade. From 2013 to 2018, the market saw robust growth with notable peaks in 2015 (22.89%) and 2018 (23.65%). This was followed by a period of contraction in 2019 (-7.37%) and 2020 (-12.12%). However, the market has rebounded slightly since then, posting positive year-on-year variations: 2021 (5.53%), 2022 (9.5%), and 2023 (5.15%). The compound annual growth rate (CAGR) over the last five years reflects a modest decline of -0.22%, indicating a relatively flat to slightly decreasing trend.
In 2023, the market value for ice cream in Austria stood at 17.827 million Euros. Looking ahead, the forecasted values show a steady increase, with expected annual figures rising to 20.023 million Euros by 2028. The forecasted CAGR for the next five years stands at 1.84%, with an overall anticipated growth rate of 9.56% over the same period.
Future trends to watch for include potential influences from climate change on consumer preferences, increased demand for plant-based and low-sugar alternatives, and the impact of economic factors on discretionary spending. Additionally, the introduction of innovative flavors and enhanced product offerings could drive further growth in the market.
