The food and beverages value added in Norway as a percentage of total manufacturing is expected to grow steadily from 2024 to 2028. In 2024, it starts at 24.5%, gradually increasing to 25.82% by 2028. This indicates a consistent upward trend in this sector, reflecting robust growth in the food and beverages industry within the manufacturing sector. Year-on-year variations show slight increases annually, contributing to an overall positive outlook. The Compound Annual Growth Rate (CAGR) over the five-year period is modest but steady, signifying a healthy and sustainable growth rate.
Future trends to watch for include:
- Technological advancements in food production and processing.
- Shifts in consumer preferences towards sustainable and healthy food options.
- Potential regulatory changes impacting the food and beverage industry.
- Global economic conditions affecting export opportunities for Norwegian food and beverages.