The soft drinks market in Austria has exhibited fluctuations over the past decade. Starting in 2012 with a value of €3.3382 billion and experiencing a notable increase in 2013 by 14.86%, the market saw mixed trends afterward, reaching €4.7557 billion by 2022. Notably, 2017 had a notable decline of 8.46%, yet the market rebounded with substantial growth in 2019 by 12.47%. Over the last two years, the market registered modest growth rates of 2.6% in 2021 and 2.13% in 2022. The Compound Annual Growth Rate (CAGR) for the 5-year period stands at 3.37%, reflecting steady, if uneven, growth. In 2023, the market size stood at an estimated €4.7557 billion.
Future trends to monitor include the impact of health-conscious consumer behavior, the innovation in low-sugar alternatives, and the potential influence of economic conditions on consumer spending. Sustainability practices and the adoption of environmentally friendly packaging could also play significant roles in shaping market dynamics.
How does Austria rank in Soft Drinks Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,830,000,000 | 2023 | +1.52% | +1.11% | View data |
| 2 | 2 United Kingdom | 10,115,000,000 | 2023 | +1.19% | +1.71% | View data |
| 3 | 3 Germany | 9,930,700,000 | 2023 | +0.92% | +0.63% | View data |
| 4 | 4 Spain | 8,337,900,000 | 2023 | -1.18% | -0.85% | View data |
| 5 | 5 Italy | 6,267,900,000 | 2023 | -0.13% | -1.01% | View data |
| 6 | 6 Austria | 5,241,700,000 | 2023 | +3.4% | +5.09% | |
| 7 | 7 Poland | 3,204,400,000 | 2023 | +1.17% | +1.78% | View data |
| 8 | 8 Romania | 2,440,900,000 | 2023 | +9.28% | +5.52% | View data |
