The employment in the Food and Beverages sector in Austria stood at 86.89 thousand persons in 2023. Forecasted data indicates a steady upward trend from 2024 onwards, with employment figures expected to increase year-on-year by approximately 0.32% to 0.34%. The cumulative average growth rate (CAGR) over the five years from 2024 to 2028 is estimated to be around 0.34% per annum. This suggests modest but consistent growth.
Future trends to watch for include potential impacts of technological advancements such as automation and AI in food processing, consumer shifts towards sustainable and organic products, and external economic factors like inflation or changes in trade policies. Additionally, the ongoing impacts of COVID-19 recovery and labor market dynamics will be crucial in understanding future employment potentials in this sector.
