The turnover of event catering and other food service activities in Norway stood at 1.09 billion Euros in 2023. Forecasted data from 2024 to 2028 shows a steady year-on-year increase:
• 2024: 1.11 billion Euros (+1.83% YoY)
• 2025: 1.13 billion Euros (+1.80% YoY)
• 2026: 1.14 billion Euros (+0.88% YoY)
• 2027: 1.15 billion Euros (+0.88% YoY)
• 2028: 1.16 billion Euros (+0.87% YoY)
This consistent growth results in a compound annual growth rate (CAGR) of approximately 1.25% over the five-year period from 2023 to 2028.
Future trends to watch for include the impact of technological advancements in food service operations, consumer preference for sustainable and locally sourced ingredients, and potential economic fluctuations that may affect discretionary spending on event catering services.
