The forecasted production volumes of food and beverages in Austria from 2024 to 2028 show a consistent upward trend, starting from 24.51 Billion Euros in 2024 and reaching 25.85 Billion Euros by 2028. In 2023, the production volume stood at 24.20 Billion Euros, indicating a positive year-on-year growth trajectory. The year-on-year percentage growth from 2023 to 2024 is 1.28%, from 2024 to 2025 is 1.43%, from 2025 to 2026 is 1.33%, and from 2026 to 2027 is 1.35%, and from 2027 to 2028 is 1.25%.
Over a five-year period, the Compound Annual Growth Rate (CAGR) is approximately 1.34%. Future trends to watch for include the impact of sustainability practices on production costs, technological advancements in food processing, and fluctuating consumer preferences towards organic and health-focused products which may influence future growth rates.