The Norwegian food and beverages industry is Norway’s second largest industrial sector. Companies mainly process Norwegian agricultural and fisheries products. The industry’s structure is to a large extent influenced by agricultural-policy and fishing-policy regulations. The agriculture-based food and beverages industry primarily targets the domestic market. On the other hand, the fishing industry exports more than 90 per cent of its output (Source: regjeringen.no).
Norway possesses one of the highest GDP per-capita in the world, and also ranking high in respect of being among the best countries to live in. At the same time, cost of living is one of the highest.