The meat market size in Austria, measured in volume of millions, shows fluctuating trends from 2012 to 2022. The market experienced minor growth from 2012 to 2014, followed by a notable decline in 2015. It recovered slightly in 2016 with a significant spike in 2017. However, post-2017, there has been a consistent downward trend, with particularly steep declines in 2019 and subsequent years, leading to an overall contraction in market volume.
Year-on-year variations exhibited substantial shifts, particularly notable was the strong growth of 11.35% in 2017, followed by a stark -26.11% drop in 2019. The last two years continued the downward trend with -2.12% in 2021 and -1.9% in 2022. The compound annual growth rate (CAGR) over the last five years shows a negative trend at -7.72%, underscoring a persistent decline in meat market volume.
For 2023, the volume further decreased, continuing the negative trend observed from previous years. In 2024, the forecast indicates potential stability or minor growth as the market may start to adapt to new consumption patterns and regulatory influences.
Future trends to watch for include technological advancements in alternative proteins, changes in consumer preferences towards plant-based diets, and regulatory policies aimed at reducing carbon emissions, all of which could significantly impact the meat market size in Austria.
