Forecast: Production in Prepared Meals Sector in Norway

The production in the prepared meals sector in Norway has experienced significant growth over the past decade, starting from 850.9 million NOK in 2013 to 12,910.0 million NOK in 2023. The initial years saw moderate growth, followed by a notable jump in 2015. The largest leap occurred in 2019 with an increase of 160.4%. The high growth trends continued, maintaining substantial year-on-year increases with a CAGR of 36.61% from 2018 to 2023. Notably, the year 2023 observed a growth rate of 16.16%. Forecasts indicate continued robust growth, projecting to reach 21,620.0 million NOK by 2028, with a forecasted CAGR of 8.04% over the next five years.

Future trends to watch for:

- Increasing demand for convenience and ready-to-eat meals.

- Growth in health-conscious and organic meal options.

- Advancements in food preservation and packaging technologies.

- Increased market penetration due to technological adoption and innovation in distribution channels.