Convenience Food - Austria

Austria

Highlights

Revenue in the Convenience Food market amounts to US$930.60m in 2024. The market is expected to grow annually by 4.54% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$103.70 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 202.00m kg by 2029. The Convenience Food market is expected to show a volume growth of 2.8% in 2025.0.
The average volume per person in the Convenience Food market is expected to amount to 19.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Convenience Food Market in Austria is seeing moderate growth, driven by factors like the increasing demand for ready-to-eat meals and soups, convenience offered by online food services, and changing consumer preferences. However, this growth is hindered by the saturated market and low consumer spending due to economic uncertainties.

Customer preferences: Convenience is a key factor driving the growth of The Food market in Austria, as busy lifestyles and the rise of single-person households have led to an increase in demand for easy, on-the-go meal options. This trend is further amplified by the influence of Western eating habits and the proliferation of international fast food chains. As a result, there has been a rise in the consumption of convenience foods such as frozen meals, pre-packaged snacks, and ready-to-eat meals. Health-conscious consumers are also seeking out healthier options, leading to the emergence of convenience foods with healthier ingredients, organic certifications, and plant-based alternatives. Additionally, the growing popularity of online food delivery services has made it even more convenient for consumers to access a wide range of convenience food options. This shift towards convenient and healthier food choices is expected to continue in the coming years.

Trends in the market: In Austria, the Convenience Food Market is experiencing a rise in demand for healthy and sustainable options, driven by the growing health consciousness among consumers. This has led to an increase in the availability of organic and plant-based convenience food products. Additionally, there is a growing trend of using technology to enhance convenience, such as online ordering and delivery services. These trends are expected to continue, with a focus on innovation and sustainability in the convenience food market. This has significant implications for industry stakeholders, who must adapt to meet the changing demands of consumers and capitalize on the opportunities presented by technology.

Local special circumstances: In Austria, the Convenience Food Market is heavily influenced by the country's strong food culture and preference for traditional, home-cooked meals. This has led to a slower adoption of convenience food compared to other European countries. Additionally, strict regulations on food labeling and ingredients have created challenges for convenience food companies looking to enter the market. However, with an increasing number of working professionals and busy lifestyles, there is a growing demand for convenient and healthy food options. This has resulted in the emergence of premium convenience food products that cater to the Austrian taste preferences, highlighting the influence of local culture and regulations on market dynamics.

Underlying macroeconomic factors: The Convenience Food Market within The Food market in Austria is heavily impacted by macroeconomic factors such as consumer spending, inflation rates, and economic growth. As the Austrian economy continues to experience stable growth and low unemployment rates, consumer spending on convenience food products is expected to remain strong. Additionally, the growing trend of time-constrained lifestyles and busy work schedules is also driving the demand for convenience food products. However, fluctuating global food prices and changing consumer preferences towards healthier and more sustainable food options may pose challenges for the convenience food market in Austria.

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.