In 2023, Norway's household expenditure on catering services stood at 9.09 billion euros. The forecasted data from 2024 to 2028 show a steady increase: 9.27 billion euros in 2024, 9.46 billion euros in 2025, 9.65 billion euros in 2026, 9.83 billion euros in 2027, and 10.02 billion euros in 2028. The year-on-year variation percentages indicate a consistent growth pattern over this period, averaging approximately 1.8% to 2.0% annually. The compound annual growth rate (CAGR) over these five years is projected to be around 1.9%.
Future trends to watch for:
- Changes in consumer preferences towards healthier and sustainable catering options.
- Technological advancements in the catering industry, such as automation and AI-based services.
- Impact of economic factors such as inflation and household income on expenditure.
- Potential disruptions due to global events and their influence on local catering markets.