Market Insights Consumer Food Sauces & Spices

Spices & Culinary Herbs - Austria

Austria

Revenue in the Salt & Other Spices market amounts to €206.40m in 2024. The market is expected to grow annually by 3.30% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€9,666m in 2024).
In relation to total population figures, per person revenues of €22.63 are generated in 2024.
In the Salt & Other Spices market, volume is expected to amount to 7.00m kg by 2029. The Salt & Other Spices market is expected to show a volume growth of 1.5% in 2025.
The average volume per person in the Salt & Other Spices market is expected to amount to 0.7kg in 2024.

Key regions: United Kingdom, Spain, Japan, India, South Korea

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Spices & Culinary Herbs Market in Austria has shown negligible growth due to factors such as consumer preference for natural and organic options, increasing health consciousness, and the convenience of online shopping. Despite its slow growth rate, the market is still expected to see steady demand in the coming years.

Customer preferences: The Spices & Culinary Herbs Market within the Sauces & Spices Market in Austria has seen a rise in demand for organic and ethically sourced products. This trend is driven by the growing awareness and concern for sustainability and ethical practices among consumers. Moreover, there is a shift towards healthier and natural ingredients, as consumers become more health-conscious and seek out products with clean labels. This has led to an increase in the availability of organic and ethically sourced spices and herbs in the market.

Trends in the market: In Austria, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is experiencing a surge in demand for organic and natural products. This trend is driven by consumers' increasing health consciousness and preference for clean-label ingredients. As a result, there is a growing market for premium spices and herbs that are sustainably sourced and ethically produced. This trend is expected to continue in the coming years, as consumers prioritize transparency and sustainability in their food choices. For industry stakeholders, this presents opportunities for product innovation and differentiation, as well as challenges in meeting the demand for high-quality, ethically-sourced ingredients. Additionally, there is a rising interest in exotic and international spices, reflecting the growing diversity in Austrian cuisine and consumers' openness to trying new flavors. This trend presents opportunities for market expansion and diversification for industry players. Overall, the trajectory of these trends suggests a shift towards a more conscious and adventurous food culture in Austria, with implications for the future of the Spices & Culinary Herbs Market within the Sauces & Spices Market.

Local special circumstances: In Austria, the Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market is strongly influenced by the country's rich culinary culture and strong demand for high-quality, locally sourced ingredients. The use of organic and sustainable farming practices is also a major factor, driven by strict regulations and consumer preference. Additionally, the country's location in the heart of Europe allows for easy access to a wide variety of spices and herbs from neighboring countries, further contributing to the diversity and popularity of the market.

Underlying macroeconomic factors: The Spices & Culinary Herbs Market of the Sauces & Spices Market within The Food market in Austria is influenced by various macroeconomic factors. The country's stable economic growth and strong consumer spending power have contributed to the increasing demand for specialty spices and herbs. Additionally, the growing trend towards healthy and natural ingredients in food products has also stimulated market growth. Furthermore, government initiatives promoting sustainable and organic farming practices have led to an increase in the production of high-quality spices and herbs in Austria. These factors, along with the country's strong focus on food safety standards, have created a favorable environment for the growth of the Spices & Culinary Herbs Market within The Food market in Austria.

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.