From 2015 to 2023, the production of vinegar and substitutes in Austria has shown a mixed trend. The volume increased from 18.371 million liters in 2015 to 29.442 million liters in 2023, indicating overall growth. Significant year-on-year increases were seen in 2016 (5.54%), 2018 (6.89%), and particularly in 2019 (19.67%). The Compound Annual Growth Rate (CAGR) for the five years up to 2023 stands at 2.54%, reflecting stable upward movement despite some fluctuations in individual years. Notably, there was a dip in 2021 with a -5.22% change.
Future trends indicate a continued growth trajectory with the forecasted volume reaching 33.953 million liters by 2028. The forecasted 5-year CAGR is 2.26%, suggesting a steady albeit moderate increase. This future growth is consistent with a long-term 11.82% growth rate over the next five years.
Future trends to watch for:
- Potential market expansion and demand increase due to shifts in consumer preferences toward vinegar-based products.
- Technological advances in production methods enhancing efficiency and output.
- Impact of regulatory changes and health trends on vinegar substitutes.
