Forecast: Turnover of Restaurants and Mobile Food Service Activities in Norway

The turnover of restaurants and mobile food service activities in Norway stood at 5.15 billion Euros in 2023. The forecasted data from 2024 to 2028 shows a consistent year-on-year growth. Specifically, the turnover is expected to rise from 5.31 billion Euros in 2024 to 5.86 billion Euros in 2028. This indicates annual growth rates of approximately 2.6% to 2.7%. Viewed over a longer period, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to be around 2.8%.

Future trends to watch for include:

• Increased consumer demand for sustainable and locally-sourced food options.
• Growing influence of digital solutions in ordering and delivery services.
• Possible shifts in regulatory policies impacting the food service sector.
• Fluctuations in economic conditions affecting consumer spending power.