The spirits sector in Austria is projected to see steady growth from 2024 to 2028. In 2023, the turnover stood at 245 million Euros. Forecasted turnover values show consistent annual increases. For 2024, turnover is expected to reach 252.3 million Euros, a 3% increase from the previous year. From 2025 to 2028, the sector is forecasted to grow annually by approximately 2.5% to 3%, reflecting healthy and stable expansion. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is estimated to be around 2.9%.
Key variations include:
• 2024: 3% increase
• 2025: 3% increase
• 2026: 2.9% increase
• 2027: 2.8% increase
• 2028: 2.7% increase
Future trends to watch for include the rise of premium and craft spirits, changing consumer preferences towards higher quality and unique flavors, and potential shifts due to regulatory changes or economic fluctuations. Sustainability and eco-conscious production practices are also expected to impact market dynamics moving forward.
