Key Market Indicators
The Portuguese meat sales industry is projected to reach approximately €3.4 billion by 2028, up from around €3.1 billion in 2023. This represents an average annual growth rate of 1.3%. Since 2013, the market has seen an annual increase of 1.9%. In 2023, Portugal ranked 16th globally in meat sales, having been overtaken by Romania, which also recorded €3.1 billion in sales. The top three countries in this ranking were France, Spain, and Italy, respectively. On the consumption front, Portuguese meat consumption is expected to hit 978,000 metric tons by 2028, up slightly from 969,000 metric tons in 2023. This equates to a modest average annual growth rate of 0.1%. Since 2019, the demand for meat in Portugal has remained stable, showing no significant year-on-year change. In terms of production, the Portuguese meat industry is forecasted to produce 886,540 metric tons by 2028, up from 865,250 metric tons in 2023. This represents an average annual growth rate of 0.4%. Since 1966, the country's meat supply has grown by an average of 0.6% per year.
