The forecasted sold production of meat and poultry meat products in Norway shows a steady upward trajectory from 2024 to 2028. The actual production for 2023 stood at 153.35 million kilograms. Moving from 2024's 155.25 million kilograms to 2028's 162.86 million kilograms, we observe consistent year-on-year growth, demonstrating about 1.2% to 1.3% annual increases. The compound annual growth rate (CAGR) over this forecast period averages around 1.5%.
Future trends to watch for include shifts in consumer preferences towards organic and sustainable meat products, potential impacts of regulatory changes on the meat production industry, and advances in meat processing technologies which could enhance production efficiency. Additionally, environmental concerns and the rise of alternative protein sources may affect future growth rates.
- Year-on-year growth: 2024 (1.2%), 2025 (1.3%), 2026 (1.2%), 2027 (1.2%), 2028 (1.2%)
- Last two years’ variations show consistent and healthy growth, indicative of a stable market demand
- CAGR over the five-year period: approximately 1.5%
