Key Market Indicators
The production of cereal products in Norway is projected to remain stable at approximately €1.06 billion by 2028, unchanged from its 2023 level. This reflects a zero percent year-on-year average growth rate. Over the past decade, Norwegian supply has experienced a modest increase of 0.3% annually. In 2023, Norway ranked 19th globally in cereal production, with Finland narrowly ahead, also at around €1.06 billion. The top three spots were occupied by Germany, Italy, and the United Kingdom, respectively. Similarly, sales of Norwegian cereal products are expected to stay steady at about €1.14 billion by 2028, maintaining the same value as in 2023. This translates to a zero percent compound annual growth rate (CAGR) year-on-year. Since 2013, the Norwegian cereal market has seen a slight annual growth of 0.4%. In the global sales ranking for 2023, Norway was positioned 18th, with Hungary surpassing it at €1.14 billion. Leading the list were Germany, Italy, and the United Kingdom, holding the second, third, and fourth places, respectively.
