Food - Austria | Statista Market Forecast

Food - Austria

Austria

Highlights

Revenue in the Food market amounts to US$25.94bn in 2024. The market is expected to grow annually by 3.90% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$6.25bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$2.89k are generated in 2024.
In the Food market, 3.6% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 4.90bn kg by 2029. The Food market is expected to show a volume growth of 1.7% in 2025.0.
The average volume per person in the Food market is expected to amount to 507.00kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Austria has seen marginal growth due to various factors like increasing health consciousness, rising demand for convenience, and the availability of online food services. The sub-markets, such as dairy, meat, fruits, and vegetables, play a significant role in shaping the overall market. However, the market's slow growth rate is impacted by factors like changing consumer preferences, economic instability, and strict regulations on food production and distribution.

Customer preferences: The Food market in Austria is seeing a rise in demand for organic and sustainable products, as consumers become more health-conscious and environmentally aware. This trend is also reflected in the increasing popularity of plant-based and vegetarian options on menus and in grocery stores. The shift towards ethical and sustainable consumption is driven by cultural values and a desire to make more socially responsible choices. Additionally, the growing trend of online grocery shopping and food delivery services is fueled by the convenience and time-saving benefits for busy urban consumers.

Trends in the market: In Austria, The Food market industry is seeing a rise in demand for organic and locally sourced products. This trend is driven by increasing consumer awareness and concerns about sustainability and health. This trajectory is expected to continue, with the government implementing policies to support organic farming and promote sustainable agriculture. For industry stakeholders, this trend presents opportunities for diversification and innovation, as well as potential challenges in supply chain management and meeting consumer demands for transparency. Additionally, with the rise of e-commerce and digital platforms, there is potential for The Food market industry to tap into online markets and reach a wider customer base.

Local special circumstances: In Austria, The Food market is heavily influenced by the country's rich culinary traditions and local produce. The mountainous terrain and diverse climatic conditions allow for a wide range of agriculture, resulting in a variety of fresh and high-quality food products. Additionally, the country's strong emphasis on organic and sustainable farming practices has led to a growing demand for organic and locally sourced food. The strict regulations and standards for food safety and labeling also play a significant role in shaping the market, ensuring consumer trust and confidence in the products.

Underlying macroeconomic factors: The Food market in Austria is also significantly impacted by macroeconomic factors such as consumer spending habits, employment rates, and government policies. As the Austrian economy continues to experience steady growth and low unemployment rates, consumers are more likely to spend on food products, leading to a rise in demand and market growth. Additionally, government initiatives aimed at promoting healthy eating habits and supporting local food producers have also contributed to the growth of The Food market in Austria. However, fluctuations in global food prices and trade policies can also have a significant impact on the market's performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.