In 2023, Norway's beef meat demand was recorded at 97.9 thousand metric tons. Forecasts for the coming years indicate a steady increase in demand, with projections reaching 100.52 thousand metric tons by 2028. The year-on-year percentage increase is as follows:
- 2024 to 2025: +0.55%
- 2025 to 2026: +0.53%
- 2026 to 2027: +0.51%
- 2027 to 2028: +0.51%
The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately +0.53% per year.
Future trends to watch for include potential shifts in consumer preferences due to increasing awareness of environmental sustainability and health considerations, which may impact beef consumption. Additionally, any changes in trade policies, economic conditions, or local production capabilities should be closely monitored as they could influence demand patterns.
