The forecasted year-on-year growth in per capita beef meat consumption in Norway from 2024 to 2028 shows a stable upward trajectory, starting from 18.23 kg in 2024 and reaching 18.44 kg by 2028. For context, the per capita consumption in 2023 was recorded at 18.18 kg. This indicates a gradual but consistent increase in beef meat consumption per capita.
The year-on-year percentage variations are as follows:
- 2024: 18.23 kg (+0.27% from 2023)
- 2025: 18.28 kg (+0.27% from 2024)
- 2026: 18.34 kg (+0.33% from 2025)
- 2027: 18.39 kg (+0.27% from 2026)
- 2028: 18.44 kg (+0.27% from 2027)
Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) for beef meat consumption per capita stands at approximately 0.30%. This suggests a steady, modest increase in beef meat consumption in Norway.
Future trends to watch for include potential shifts in consumer preferences driven by health consciousness and environmental concerns, which might influence the growth rate of beef consumption. Additionally, advancements in alternative protein sources could impact market demand.
