The fruit and vegetable processing sector in Austria has shown a fluctuating trend from 2013 to 2023. After a decline from 2013 to 2015, the sector experiences growth, peaking in 2023 at 1.76 billion euros, indicating a recovery. Year-on-year variations show cycles of growth and decline, with significant rises noted in 2017 (14.67%) and 2018 (11.29%). The sector maintained a steady increase with moderate year-on-year growth of around 1.29% in 2023. The 5-year CAGR leading to 2023 was 1.41%, indicating gradual growth.
Future trend analysis suggests continued growth is expected with a forecasted 5-year CAGR of 0.94%, reaching 1.87 billion euros by 2028. Factors driving this growth include technological advancements, increasing health consciousness, and a rising demand for processed foods. Monitoring consumer preferences and supply chain developments will be crucial. Potential risks such as economic downturns or shifts in regulatory policies should also be considered.
