Key regions: Russia, China, Spain, Canada, United Kingdom
The Meat Market in Austria is currently experiencing minimal growth, with factors such as consumer preferences towards healthier meat substitutes, increased awareness about ethical and environmental concerns, and technological advancements in the meat industry influencing this slow growth rate. The sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes are all impacted by these factors, leading to a stagnant overall market growth in the country.
Customer preferences: With the rising awareness of sustainable and ethical food consumption, there has been a noticeable increase in demand for organic and locally sourced meat products in Austria's food market. This shift in consumer preferences towards more environmentally friendly and socially responsible choices has also led to a rise in demand for plant-based meat substitutes. Furthermore, the rise of flexitarian and vegetarian diets among younger demographics has also contributed to the growth of alternative protein options in the meat market.
Trends in the market: In Austria, the Meat Market within The Food market industry is seeing a rise in demand for organic, grass-fed meats, as consumers increasingly prioritize sustainability and ethical sourcing. This trend is expected to continue as consumers become more conscious of their food choices and seek out healthier and more environmentally-friendly options. Furthermore, there is a growing trend towards plant-based meats, driven by health and environmental concerns. These trends have significant implications for industry stakeholders, as they must adapt their production and marketing strategies to meet changing consumer preferences. For retailers, this may mean expanding their range of organic and plant-based options, while for producers, it may involve investing in sustainable and ethical farming practices. Overall, the trajectory of these trends suggests a shift towards more sustainable and healthier food choices, which will likely shape the future of the Meat Market within The Food market industry in Austria.
Local special circumstances: In Austria, the Meat Market within The Food market is heavily influenced by the country's cultural love for meat and the strong tradition of consuming high-quality, locally sourced products. This has led to a market that values artisanal and organic meats, with strict regulations and certifications in place to ensure quality. Additionally, Austria's central location in Europe allows for easy access to a wide variety of meats from neighboring countries, creating a diverse and competitive market. The country's strict animal welfare regulations also play a significant role in shaping consumer preferences and driving demand for ethically sourced meats.
Underlying macroeconomic factors: The Meat Market within The Food market industry in Austria is significantly impacted by macroeconomic factors such as national economic health, global economic trends, and fiscal policies. The market performance is heavily influenced by the overall economic stability of the country, as well as its trade relationships and investment climate. Moreover, consumer preferences and purchasing power are major determinants of market growth, with increasing demand for high-quality, sustainable, and ethically produced meat products. Additionally, changing dietary patterns, health concerns, and environmental awareness are also shaping the market landscape and driving the demand for healthier and more sustainable meat options.
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.
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