The Food and Beverage Service Activities sector in Austria has shown a notable upward trend over the past decade, culminating at 12.59 billion Euros in 2023. A significant dip of -26.23% in 2020 was observed due to the pandemic, but the sector rebounded with a strong 22.35% in 2021 and continued growing by 13.08% in 2022 and 9.26% in 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 2.94%, indicating steady recovery and growth.
Forecasts suggest continual growth, with production expected to reach 14.68 billion Euros by 2028. Future trends to watch include:
- Innovations in sustainable and green food services- Increased adoption of digital and AI technologies for efficiency- Growth in demand for plant-based and health-conscious food options.
