Key Market Indicators
Icelander Meat Sales are projected to climb to €410 million by 2028, up from €390 million in 2023. This represents an average annual growth rate of 0.7%. Over the past few years, the market has seen an annual increase of 3.2% since 2019. In 2023, Iceland ranked 30th globally, with Estonia leading ahead with €390 million. France, Spain, and Italy secured the 2nd, 3rd, and 4th positions respectively. On the consumption front, Iceland's meat intake is expected to reach 33,000 metric tons by 2028, rising from 32,000 metric tons in 2023. This marks a steady annual growth rate of 0.6%, consistent with the 0.6% year-on-year increase observed since 2019. In terms of production, Iceland's meat output is forecasted to hit 39,340 metric tons by 2028, up from 37,150 metric tons in 2023. The production growth rate stands at 0.9% annually. Historical data shows that since 1966, the country's meat supply has consistently risen by 0.8% year on year.
