The fermented milk products market in Austria reached a volume of 97.769 million kilograms in 2023. From 2013 to 2023, the market showed a general upward trend despite some fluctuations. The year-on-year growth rates varied, with notable increases in 2016 (3.55%) and 2018 (10.59%). Recent years have shown more modest year-on-year variations, with a 2.59% increase between 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was 1.91%.
Looking ahead, the market is forecasted to continue its growth, reaching 109.73 million kilograms by 2028, representing a 9.5% increase from the 2023 volume. The forecasted average annual growth rate for this period is expected to be 1.83%.
Future trends to watch for include consumer preferences shifting towards functional and health-oriented products, innovations in probiotic and plant-based fermented milk products, and the impact of sustainability practices on production and packaging.
