The bakery products turnover in Austria stood at 2.5 billion Euros in 2023, with forecasted figures indicating steady growth from 2024 onwards. In 2024, the turnover is expected to reach 2.62 billion Euros, showing a positive year-on-year variation of 4.8%. This trend continues with an anticipated increase to 2.66 billion Euros in 2025, maintaining a similar 1.5% year-on-year rise. The consistent growth pattern is evident up to 2028, with turnovers predicted at 2.7, 2.74, and 2.78 billion Euros for years 2026, 2027, and 2028, respectively. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 1.5%.
Future trends to watch for:
- Growth in consumer demand for health-conscious and specialty bakery products.
- Impact of inflation and raw material costs on pricing strategies.
- Expansion of online bakery sales and digital transformation in the sector.
- Adoption of sustainable and eco-friendly packaging solutions.
- Emergence of global competitors entering the Austrian market.
