Market Insights Consumer Food Convenience Food

Soups - Austria

Austria

Revenue in the Soups market amounts to €93.69m in 2024. The market is expected to grow annually by 2.09% (CAGR 2024-2029).
In global comparison, most revenue is generated in Indonesia (€9,282m in 2024).
In relation to total population figures, per person revenues of €10.27 are generated in 2024.
In the Soups market, volume is expected to amount to 11.70m kg by 2029. The Soups market is expected to show a volume growth of 0.2% in 2025.
The average volume per person in the Soups market is expected to amount to 1.3kg in 2024.

Key regions: United Kingdom, Russia, Philippines, United States, Spain

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Convenience Food Market for Soups in Austria has seen a negligible growth rate due to various factors such as low consumer interest and lack of innovation. Despite the convenience offered by ready-to-eat soups, the market is struggling to gain traction in the country.

Customer preferences: Consumers in Austria are increasingly seeking convenient and healthy food options, leading to a rise in demand for plant-based and organic soups. This trend is driven by a growing awareness of the health benefits of these products and a desire for sustainable and ethical food choices. Additionally, the rise of flexitarian and vegan diets in the country has also contributed to the growth of the soups market. As consumers continue to prioritize health and sustainability, the demand for innovative and nutritious soup options is expected to continue to increase.

Trends in the market: In Austria, the Soups Market of the Convenience Food Market within The Food market is seeing a rise in demand for healthier and more diverse options. This trend is driven by consumers' increasing focus on health and wellness, as well as their desire for convenience. As a result, there has been a surge in the availability of organic, plant-based, and low-sodium soup products. This trend is expected to continue, with industry players investing in research and development to meet changing consumer preferences. Furthermore, the growth of e-commerce and online grocery platforms is making it easier for consumers to access a wider range of soup options, further driving market growth.

Local special circumstances: In Austria, the Soups Market of the Convenience Food Market within The Food market is heavily influenced by the country's mountainous terrain and cold climate. This has led to a strong demand for hearty and warming soups, particularly during the winter months. Additionally, Austria's rich culinary history and strong appreciation for traditional and regional dishes have created a market for artisanal and locally-sourced soups. The country's strict regulations on food production and labeling also play a role in shaping the Soups Market, ensuring high quality and authenticity for consumers.

Underlying macroeconomic factors: The convenience food market, including the soups market, in Austria is heavily influenced by macroeconomic factors such as consumer spending power, inflation rates, and economic growth. As a highly developed country with a stable economy and high disposable income, Austria is a major market for convenience foods. However, the recent economic downturn and rising inflation rates have led to a decrease in consumer spending, which has impacted the overall performance of The Food market. Additionally, changes in fiscal policies and trade agreements can also have a significant impact on the soups market, as it is heavily reliant on imports of ingredients and packaging materials. Overall, the economic health of Austria and global economic trends play a crucial role in shaping the growth and performance of the soups market within the convenience food market.

Methodology

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.