The employment in Austria's Prepared Meals sector shows a positive trend, starting from an actual figure in 2023 and projecting continuous growth over the next five years. In 2023, employment stood at approximately 2.92 thousand full-time equivalents (FTEs). The forecasted data indicates a consistent annual growth rate, with employment reaching 3.06 thousand FTEs in 2024, representing a year-on-year increase of around 4.8%. This trend continues, as we see further increments year-on-year:
- 2025: 3.21 thousand FTEs - a 4.9% increase from 2024
- 2026: 3.35 thousand FTEs - a 4.4% increase from 2025
- 2027: 3.5 thousand FTEs - a 4.5% increase from 2026
- 2028: 3.64 thousand FTEs - a 4.0% increase from 2027
Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 4.5%, reflecting steady growth in employment within this sector.
Future trends to watch for include potential technological advancements in meal preparation that could impact employment needs, shifts in consumer preferences towards healthier or more sustainable meal options, and economic factors that could influence the ready meals market's expansion in Austria.
