Gourmet Food Stores in Molde: Industry Analysis, Development, and Outlook

Gourmet food stores in Molde show a dynamic but uneven development. Sales increased sharply in 2020 (from 366.7K to 3.7M NOK), but experienced a sharp decline in 2024 (to 671.8K NOK). Employees grew from 5 in 2020 to 7 in 2023, but with variations. The industry is part of the broader service sector, which has more stable figures. Outlooks are unclear, with both opportunities and challenges linked to market variations.

Sales and employees in gourmet food stores in Molde (2016–2024):

Key Points:

• Sales experienced an extreme increase in 2020, likely influenced by the pandemic and increased e-commerce.
• A sharp decline in 2024 (84.6%) indicates possible challenges such as bankruptcy, market changes, or reduced customer loyalty.
• Employees have grown gradually, but with significant variations between years.

Gourmet food stores in Molde:

• No specific companies are listed in the data for this industry.
• The industry is part of the broader services group, which has 73 companies in Molde (according to data from parent_category).
• Business Structures: No details are available in the data, but it is likely that companies in this industry operate as sole proprietorships, AS, or ASK.

Conclusion: There is limited data on specific companies in this industry, but it is integrated into a larger service sector with more stable figures.

Location-specific data:

• No available data on the distribution of activity across different neighborhoods or areas in Molde for this industry.
• It is possible that companies are spread across central areas such as Molde Center, Eidsvåg, or other neighborhoods, but this cannot be confirmed from the data.

Recommendation: For a detailed geographic analysis, local websites, municipal plans, or SmartGrunder's analysis should be used to identify potential locations.

Bankruptcies and operational risk:

• No available data on bankruptcies or operational issues for companies in gourmet food stores in Molde.
• The extreme sales decline in 2024 (84.6%) may indicate increased operational challenges, but no bankruptcies are registered in the data.

Operational Strategy:

• Companies should consider diversifying offerings, improving customer loyalty, and adapting to market changes to avoid similar declines.

For entrepreneurs in Molde:

• Opportunities: The increase in 2020 shows a potential market for gourmet food stores, especially in a city like Molde with tourism and cultural attractions.
• Challenges: The sharp decline in 2024 (84.6%) indicates that the market can be unstable, with risks of bankruptcy or a decline in the customer base.
• Recommendation: Entrepreneurs should consider combining gourmet food stores with other services (e.g., cooking classes, concert events) to create a more robust business model.

SmartGrunder: We can help entrepreneurs analyze potential locations in Molde for this industry, focusing on market outlooks and competitiveness.

Contrast between services and gourmet food stores:

• Services sector (parent_category): Has 73 companies, stable sales (1.3M NOK in 2025) and employees (614 in 2026). Year-over-year changes have been relatively stable (±6.8% in 2021–2022).
• Gourmet food stores: Have 0 companies in the data, but show extreme variations in sales (from 3.7M in 2020 to 671.8K in 2024).

Peer companies in the services sector:

• Examples of competitors in the services sector include Coop Mega Molde (234.3M NOK in sales, 47 employees) and Ng Kiwi Romsdal (106.9M NOK in sales, 20 employees). These companies operate closely with the food and grocery market, but with broader scope.

Conclusion: The services sector is more stable, while gourmet food stores are more vulnerable to market changes. Entrepreneurs should consider integrating into the services sector to avoid extreme variations.

Gourmet food stores in Molde show a dynamic but uneven development. With an extreme increase in 2020 and a sharp decline in 2024, the industry is vulnerable to market changes. The services sector in Molde is more stable, with 73 companies and consistent sales. Entrepreneurs should consider combining gourmet food stores with other services to create a more robust business model. SmartGrunder can help analyze potential locations and market outlooks in Molde.