The Butter and Dairy Spreads market in Austria experienced fluctuations from 2013 to 2023 but exhibited general growth. In 2023, the market stood at 417.95 million Euros, showcasing continued expansion. Year-on-year growth varied significantly, with notable peaks in 2017 at 29.75% and in 2022 at 13.89%. Conversely, declines were seen in 2015, 2019, and 2020, reflecting market volatility. Over the past five years, the compounded annual growth rate (CAGR) was relatively moderate at 1.3%.
Looking ahead from 2024, the market is projected to maintain steady growth, predicted to increase by 2.03% CAGR through 2028, with an overall forecasted growth rate of 10.58%. Key future trends to monitor include consumer preference shifts towards healthier options, the impact of sustainability practices in dairy production, and potential economic influences on consumer purchasing power.
- 2013: 8.46% YoY, 5.58% CAGR
- 2014: 1.93% YoY, 2.37% CAGR
- 2015: -9.24% YoY, 0.29% CAGR
- 2016: 1.79% YoY, 5.8% CAGR
- 2017: 29.75% YoY, 4.85% CAGR
- 2018: 3.72% YoY, 3.53% CAGR
- 2019: -4.34% YoY, 4.05% CAGR
- 2020: -6.93% YoY, 4.14% CAGR
- 2021: 2.21% YoY, 1.46% CAGR
- 2022: 13.89% YoY, 1.3% CAGR
- 2023: 2.9% YoY
Forecasting until 2028 suggests a reliable upward trajectory, with a 2.03% five-year CAGR. This outlines a positive outlook, provided market dynamics such as consumer trends and economic conditions remain favorable.
