The wages and salaries in the Prepared Pet Food industry in Austria have shown significant growth over the past decade, with values increasing from 39.9 million Euros in 2013 to 102.0 million Euros in 2023. This represents a year-on-year growth rate of 11.84% in 2023 and a 5-year CAGR of 13.78%. The rapid increases observed especially between 2018 and 2023 highlight the industry's robust expansion.
The forecast for the upcoming years (2024-2028) anticipates continued growth, with projected values reaching 155.1 million Euros by 2028. The forecasted 5-year CAGR stands at 6.6%, suggesting a sustained yet slightly slower growth trajectory.
Future trends to watch for include potential market saturation, inflation impacts on wage growth, and technological advancements affecting labor costs. Additionally, shifts in consumer spending on pet food and the evolving nature of the pet care industry could further influence wage and salary trends.
