In 2023, the turnover for cereal products in Austria stood at €3.19 billion. The forecasted turnover for the following years shows a steady increase: €3.24 billion in 2024, €3.29 billion in 2025, €3.34 billion in 2026, €3.39 billion in 2027, and €3.44 billion in 2028.
Year-on-year variations are as follows:
- 2024: +1.57%
- 2025: +1.54%
- 2026: +1.52%
- 2027: +1.50%
- 2028: +1.47%
Over the past two years, the average annual growth rate was approximately 1.56%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is 1.52%, indicating consistent growth in the turnover of cereal products in Austria.
Future trends to watch for include the impact of consumer health trends on cereal product preferences, potential disruptions in supply chains, and economic factors such as inflation and purchasing power. Additionally, increased innovation and new product introductions in the cereal market could further influence growth patterns.
