Forecast: Production Value of Restaurants and Mobile Food Service Activities in Austria

The production value of restaurants and mobile food service activities in Austria has shown a generally positive trend from 2013 to 2023, with key impacts such as the significant dip in 2020 due to the global pandemic. In 2023, the value stood at 11.05 billion Euros, reflecting a robust recovery with a 9.41% year-on-year increase. The CAGR over the last five years reached 3.28%, showcasing consistent growth despite the 2020 downturn.

Looking forward, the forecasted data from 2024 to 2028 suggests a steady growth trajectory with an anticipated 5-year CAGR of 2.52% and an overall growth rate of 13.24%. Future trends to watch include the impact of technological advancements in food delivery services, evolving consumer preferences towards healthier and more sustainable dining options, and the potential economic influences on disposable income and dining consumption patterns.