In 2023, the production in the beverages sector in Norway stood at 27.56 billion Norwegian Krones. The forecasted values for the upcoming years are: 2024 (28.25 billion NOK), 2025 (29.0 billion NOK), 2026 (29.74 billion NOK), 2027 (30.47 billion NOK), and 2028 (31.19 billion NOK). The year-on-year growth percentages are as follows:
- 2025: 2.7%
- 2026: 2.6%
- 2027: 2.5%
- 2028: 2.4%
Notably, the cumulative average growth rate (CAGR) over the next five years is 2.3%.
Future trends to watch for in this sector include increasing demand for non-alcoholic beverages, growth in the premium and craft drink segments, and a rising focus on sustainability and eco-friendly packaging. Additionally, technological advancements in production methodologies and supply chain management are expected to further drive growth.
