The meat processing industry in Austria shows a slight downward trend in turnover from 2024 to 2028. Starting at 592.0 million Euros in 2024, the turnover marginally decreases to 590.5 million Euros by 2028. When comparing annual changes, the forecast indicates a minimal year-on-year decline, hovering around -0.08% each year. This trend is consistent with a Compound Annual Growth Rate (CAGR) of approximately -0.1% over the five-year period. For context, the turnover in 2023, prior to the forecast, was 592.3 million Euros. This demonstrates stability with minimal variance, but an overall gentle decline in the industry’s economic performance.
Future trends to watch for include potential impacts of global trade policies, changes in consumer preferences towards alternative proteins, and technological advancements in meat processing. Monitoring these factors will be crucial for understanding and forecasting future market conditions in the meat processing sector in Austria.
