Poultry meat consumption at the farm gate in Norway is projected to increase steadily from 2024 to 2028. In 2023, the consumption stood at 116.1 thousand metric tons. From 2024, the value is forecasted to rise to 118.3 thousand metric tons and continue to escalate, reaching 128.0 thousand metric tons by 2028. This represents a year-on-year increase of approximately 2.0% to 2.2%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is predicted to be around 2.1%.
Future trends to watch for:
- Increasing consumer preference for poultry over red meat due to health and environmental concerns.
- Potential impacts of policy changes or trade agreements affecting poultry production and prices.
- Technological advancements in poultry farming enhancing efficiency and output.
- Global market trends and economic conditions influencing local demand and supply dynamics.
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