Norway - The Future of Foodservice to 2029
Summary
This report provides an in-depth evaluation of the Norwegian foodservice market, including analysis of the key issues impacting on the industry. This report includes: - Consumer insight and analysis to provide a clear view of prevailing need states, trends and demands of consumers, including segmentation analysis and channel preference, all fully supported by comprehensive market data and occasions and locations analytics. In-depth analysis of channel performance, both profit and cost sector, detailing the winning formats, with supporting analysis to provide comprehensive understanding of the reasons behind success and failure. - For each of four key profit sector channels - QSR, FSR, coffee & tea shop, and pubs, clubs & bars, a deep dive into the ‘who’, ‘why’, ‘what’, ‘where’ and ‘what next’. - Analysis of major market player performance, and how each player is meeting the needs of consumers and dealing with changing market demands, with supporting case studies on key menu, service and format innovations.
The Norwegian foodservice profit sector generated revenue of NOK76.9 billion ($7.1 billion) in 2024. The sector’s sales posted a CAGR of 3% during 2019-24, rising from NOK66.3 billion ($7.5 billion). The number of transactions recorded a CAGR of 0.5% over the same period.
FSR, the largest profit sector channel, recorded sales of NOK27.6 billion ($2.6 billion) in 2024, reflecting a CAGR of 3.6% during 2019-24. The surge in international tourism has had a positive effect on the profit sector by boosting revenues at hotels and other lodging businesses. It has also increased demand for services such as restaurants and ultimately contributed to job creation and economic resilience in Norway.
The foodservice profit sector is expected to reach NOK92.5 billion ($8.5 billion) in 2029, yielding a CAGR of 3.8% during 2024-29. The number of transactions will register a CAGR of 1.7%, while the number of outlets will post a CAGR of 0.3%.
Scope
Macro context -
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