The fresh bovine meat market in Austria is experiencing a steady upward trend. In 2023, the market volume stood at approximately 85 million kilograms. From 2024 onwards, the market shows a consistent year-on-year increase, with forecasted volumes of 86.687 million kilograms in 2024, 88.335 million kilograms in 2025, 89.968 million kilograms in 2026, 91.584 million kilograms in 2027, and reaching 93.184 million kilograms in 2028.
Analyzing the year-on-year variations:
- 2024: 2.0% increase from 2023
- 2025: 1.9% increase from 2024
- 2026: 1.8% increase from 2025
- 2027: 1.8% increase from 2026
- 2028: 1.7% increase from 2027
The compounded annual growth rate (CAGR) for the period of 2024-2028 is calculated to be approximately 1.8%.
Future trends to watch for include potential impacts of changing dietary preferences, increased focus on sustainability and organic meat production, and economic factors influencing meat consumption patterns. Monitoring these variables will be crucial for understanding the long-term direction of the fresh bovine meat market in Austria.
