Key Market Indicators
Iceland's Catering Expenditure is projected to climb to approximately €1.6 billion by 2028, up from €1.4 billion in 2023. This indicates an annual growth rate of 1.8%. Since 2000, the demand for catering services in Iceland has increased by 4% annually. Meanwhile, the nation's Catering Revenue is expected to soar to nearly €95 million by 2028, up from €61 million in 2023, reflecting an average annual growth rate of 7.1%. Since 2019, the Icelandic market has experienced a robust annual rise of 11.3%. In 2023, Iceland ranked 19th in global catering revenue, with Malta surpassing it at €61 million. The United Kingdom, France, and Belgium held the second, third, and fourth positions respectively in this ranking.
