The turnover for prepared meals and dishes in Austria has seen significant fluctuations between 2013 and 2023. Starting from €171.7 million in 2013, it spiked dramatically in 2018 by 130.57% and saw a notable dip in 2020 with a -47.39% year-on-year decrease. However, the sector recovered quickly, achieving €1340.0 million by 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 10.34%, reflecting an overall robust upward trajectory.
Looking ahead, the forecast shows continuous growth reaching €2190.0 million by 2028, with a five-year CAGR of 7.63%. This indicates a stable and steadily increasing market value for prepared meals and dishes in Austria.
Future trends to watch for include:
- Increased consumer demand for convenience foods.
- Innovation in meal preparation and packaging technology.
- Shifts towards healthier and organic meal options.
- Impact of economic factors and inflation on consumer spending habits.
- Potential disruptions from global supply chain issues or further pandemics.
