The production of beverages in Austria has shown significant fluctuation between 2013 and 2023, standing at 7.08 billion Euros in 2023. The highest growth was observed in 2021 with a year-on-year increase of 23.53%, mainly recovering from a major drop in 2020 by 14.8% due to global market disruptions. The average compound annual growth rate (CAGR) for the last five years was modest at 2.42%. Moving forward, the industry is forecasted to grow steadily, reaching 7.92 billion Euros in 2028 with a CAGR of 1.76% over the next five years and an overall growth rate of 9.11%.
Future trends to watch for include potential market volatility due to global economic conditions, innovations in beverage technology, and shifts in consumer preferences towards healthier and sustainable beverage options.
