The production value of food and beverage services in Austria demonstrated a consistent upward trend from 2013 to 2023, growing from 8.55 billion Euros to 12.64 billion Euros in 2023. Notable fluctuations include a significant decline of 26.23% in 2020 due to the pandemic, followed by a robust recovery with a 22.55% increase in 2021. The past two years saw substantial growth rates of 13.24% and 9.39% in 2022 and 2023, respectively. Looking at the five-year trend from 2018 to 2023, the compound annual growth rate (CAGR) was approximately 3.03%.

Forecasts from 2024 to 2028 predict continued growth at a moderate pace with a forecasted five-year CAGR of 2.48%, culminating in an estimated production value of 14.78 billion Euros by 2028. The anticipated five-year growth rate is projected to be around 13.05% over this period.

Future trends to watch for:

Impact of technological advancements in food service operations.
Shifts in consumer preferences towards sustainable and healthy food options.
Influence of economic conditions and regulatory changes on the industry.
Potential disruptions from global events such as pandemics or geopolitical shifts.