In 2023, the production value of the soft drinks sector in Norway stood at 7.8 billion Norwegian Krones. Forecasted data indicates steady growth in this sector, with production values projected to reach 8.1 billion in 2024, 8.49 billion in 2025, 8.89 billion in 2026, 9.27 billion in 2027, and 9.66 billion in 2028. This demonstrates a consistent upward trend, with year-on-year increases as follows:
• 2024: 3.85%
• 2025: 4.81%
• 2026: 4.71%
• 2027: 4.27%
• 2028: 4.20%
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 4.36%. Future trends to watch for include innovations in health-conscious beverage options, sustainability initiatives within production processes, and potential market disruptions from new entrants or changes in consumer preferences.
