Key Market Indicators
Portuguese meat sales are projected to hit €3.4 billion by 2028, up from €3.1 billion in 2023. This represents an average annual growth rate of 1.3%. Since 2013, the Portuguese market has seen an average yearly increase of 1.9%. In 2023, Portugal ranked 16th in meat sales globally. Romania surpassed Portugal with sales also at €3.1 billion. Leading the rankings were France, Spain, and Italy, occupying the second, third, and fourth spots, respectively. Portuguese meat consumption is expected to reach 978,000 metric tons by 2028, a slight increase from 969,000 metric tons in 2023. This marks an average annual growth rate of just 0.1%. Since 2019, the demand for meat in Portugal has remained stable, showing no year-on-year change. On the production side, Portugal is forecasted to produce 887,000 metric tons of meat by 2028, up from 865,000 metric tons in 2023. This reflects a compound annual growth rate (CAGR) of 0.4%. Since 1966, the country's meat supply has grown at an average annual rate of 0.6%.
