The seafood market in Austria has shown fluctuations over the years. Between 2013 and 2023, the market peaked in 2014 and faced declines in key years like 2020. Despite these variances, the market value stood at 260.49 million euros in 2023. Year-on-year variation for 2023 was a modest 0.46%, reflecting a stabilized market after a series of ups and downs. The 5-year CAGR leading up to 2023 was recorded at 0.59%, indicating slow but steady growth.
Looking forward, the market is forecasted to grow mildly with a 5-year CAGR of 0.39% from 2024 to 2028, culminating at 265.97 million euros in 2028.
Key future trends to watch include:
- Consumer preference shifts towards sustainable and locally-sourced seafood.
- Increasing regulatory standards affecting the supply chain.
- Technological advancements in seafood farming and processing.
