Key Market Indicators
**Portuguese Dairy Market Forecast to See Modest Growth Amidst Decline in Consumption** **Lisbon, Portugal** – The Portuguese dairy products market is projected to achieve sales of approximately €1.69 billion by 2028, up from €1.62 billion in 2023, reflecting a modest compound annual growth rate (CAGR) of 0.7%. This comes after a decade-long decline, with the market shrinking by 0.2% annually since 2013. In 2023, Portugal ranked 18th globally, with Romania slightly ahead at €1.62 billion. Leading the global market were Germany, Italy, and the Netherlands, holding the second, third, and fourth positions respectively. On the production front, Portugal's dairy output is expected to reach €1.65 billion by 2028, up from €1.59 billion in 2023, marking an annual growth rate of 0.6%. However, since 2013, production has decreased by 0.4% annually. In the current year, Portugal stood at 17th place, surpassed by the Czech Republic, which also recorded €1.59 billion. Germany, Italy, and the Netherlands again led this sector, occupying the top spots. Conversely, dairy product consumption in Portugal is predicted to decline. By 2028, consumption is set to drop to 976 million kilograms from 1,050 million kilograms in 2023, decreasing at a CAGR of 1.2%. This continues a downward trend, with demand falling by 2.3% annually since 2013. Italy, the United Kingdom, and France ranked second, third, and fourth in global dairy consumption, respectively.
