In 2023, the turnover in the meat processing sector in Norway stood at 55.71 billion Norwegian Krones. The forecasted data for 2024 shows a value of 56.86 billion Norwegian Krones, followed by 58.06 billion in 2025, 59.24 billion in 2026, 60.42 billion in 2027, and 61.58 billion in 2028. This indicates a year-on-year variation percentage increase of:
- 2024: 2.06%
- 2025: 2.11%
- 2026: 2.03%
- 2027: 2.00%
- 2028: 1.92%
The compound annual growth rate (CAGR) for the period from 2023 to 2028 is approximately 2.04%, demonstrating a consistent upward trend in the sector.
Future trends to watch for include the impact of sustainability practices, advancements in meat processing technology, and shifts in consumer preferences towards plant-based alternatives. Additionally, regulatory changes and international trade policies could also influence the sector's growth trajectory.
