Key Market Indicators
Icelander Meat Sales are projected to hit €410 million by 2028, up from €390 million in 2023, reflecting an annual growth rate of 0.7%. The Icelandic market has seen a steady increase, rising by 3.2% each year since 2019. In the rankings for 2023, Iceland came in 30th place, with Estonia just ahead at €390 million. Leading the rankings were France, Spain, and Italy, occupying the second, third, and fourth spots, respectively. Meat consumption in Iceland is forecasted to reach 33,000 metric tons by 2028, up from 32,000 metric tons in 2023, marking a yearly growth rate of 0.6%. Since 2019, the demand for meat in Iceland has risen by 0.6% annually. Meat production in Iceland is expected to increase to 39,340 metric tons by 2028, up from 37,150 metric tons in 2023. This represents an annual growth rate of 0.9%. Since 1966, the supply of meat in Iceland has expanded by 0.8% each year.
