Food Market Analyst salary in Iceland

Average Yearly Salary of Food Market Analyst in Iceland is approximately 13,982,024 ISK (97,382 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Food Market Analyst do?

A food market analyst is responsible for conducting research and analyzing data related to the food industry. They gather information on market trends, consumer preferences, and competitor activities to provide insights and recommendations to businesses in the food sector. Their main goal is to identify opportunities for growth, improve product positioning, and make informed business decisions. Food market analysts use various tools and techniques such as surveys, interviews, and statistical analysis to collect and interpret data. They also monitor industry regulations, economic factors, and social trends that may impact the food market. Additionally, they may create reports, presentations, and forecasts to communicate their findings to clients or internal stakeholders.

Skills: Food industry, Market research, Data analysis, Consumer behavior, Competitive analysis, Business strategy
Job industry: Food and beverage

How much does Food Market Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Food Market Analyst a well paid job?

Yes, our data shows that Food Market Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Food Market Analyst?

High salary for Food Market Analyst would be somewhere between 15,380,226 ISK and 20,273,935 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Food Market Analyst in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 13,982,024 ISK
Estimated Monthly Salary: 1,165,169 ISK
Estimated Weekly Salary: 268,885 ISK per week
Estimated Hourly Salary: 6,722 ISK per hour
By working as Food Market Analyst a person can save up to 5,386 USD per month or 64,636 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Food Market Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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