The meat market in Austria has shown varying trends from 2013 to 2023. Between 2013 and 2023, the market size value increased from 1.9342 billion Euros to 2.2986 billion Euros. Notably, the market experienced fluctuations with significant highs such as a 6.81% rise in 2014, and lows such as a 5.45% decrease in 2020. The 2023 market value saw a 1.46% year-on-year growth, standing at 2.2986 billion Euros. From 2019 to 2023, the market demonstrated an average yearly growth rate (CAGR) of 1.59%.
Future forecasts from 2024 to 2028 predict a steady growth in the meat market, with a 5-year CAGR of 1.07% and an overall growth rate of 5.48%. This steady growth hints at a stable market outlook, yet close monitoring of potential industry disruptors such as consumer preferences, regulatory changes, and environmental concerns is essential.
Future trends to watch for:
- Shifting consumer preferences towards plant-based alternatives.
- Impact of regulatory changes and sustainability initiatives on meat production and consumption.
- Advances in meat processing technologies improving efficiency and product quality.
- Global supply chain issues and their effects on pricing and availability.
