Key Market Indicators
Norwegian Food Sales are projected to hit €25 billion by 2028, up from €23 billion in 2023, marking an average annual growth rate of 1.4%. However, since 2012, the Norwegian market has seen a slight decline, shrinking by 0.2% year on year. In 2023, Norway ranked 11th in food sales, with Denmark slightly ahead at €23 billion. France, Italy, and Spain ranked second, third, and fourth, respectively. Norwegian Food Expenditures are expected to reach €17 billion by 2028, an increase from €16 billion in 2023, growing at an average annual rate of 1.2%. Since 1980, Norwegian demand has increased by 2% year on year. In 2023, Norway was 16th in food expenditures, with Denmark surpassing it at €16 billion. France, Italy, and the United Kingdom occupied the second, third, and fourth spots in the rankings.
