The employment in Austria's Cocoa, Chocolate, and Sugar Confectionery sector has shown a steady upward trend from 2013 to 2023. The employment stood at 2.25 thousand Full-Time Equivalents (FTE) in 2023. Over the last two years, employment increased by 2.88% year-on-year in 2023, following a 3.02% increase in 2022. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 3.3%.
Looking forward, from 2024 onwards, employment in this sector is forecasted to continue growing, reaching 2.54 thousand FTE by 2028. The forecasted five-year CAGR is 1.93%, with an overall growth rate of 10.01% from 2023 to 2028.
Future trends to watch for include potential impacts of technological advancements on production processes, changes in consumer preferences towards healthier and sustainable products, and the influence of global supply chain dynamics on local employment.
