The production of food and beverages in Austria has shown an overall positive trend from 2013 to 2023, with values increasing from 20.21 billion Euros in 2013 to 25.35 billion Euros in 2023. The year-on-year variation has seen fluctuations, with significant growth in years like 2021 (7.39%) and slight declines such as in 2020 (-3%). The compound annual growth rate (CAGR) over different periods indicates a steady expansion with periodic decelerations, such as the 1.44% forecasted over the next five years from 2023 to 2028, implying a slower growth rate compared to the past decade.
Future trends to watch for in the Austrian food and beverage production market include:
- Potential impacts of global supply chain disruptions which could affect production rates.
- The influence of innovations in food technology and sustainability practices.
- Consumer demand shifts towards organic and health-conscious products.
- Environmental regulations and policies impacting production practices and costs.