Key Market Indicators
Portugal's Food Services Revenue is projected to surge to €26.9 billion by 2028, up from €20.4 billion in 2023, reflecting a compound annual growth rate (CAGR) of 4.4%. Since 2010, the Portuguese market has experienced a robust growth rate of 6.5% annually. In 2023, Portugal ranked ninth globally, with Switzerland narrowly ahead, also posting €20.4 billion in revenue. Leading the rankings were Germany, France, and Italy, occupying the second, third, and fourth spots, respectively. In terms of Food Services Expenditure, Portugal is expected to reach €19.6 billion by 2028, up from €17.9 billion in 2023, growing at a CAGR of 1.5% annually. Contrastingly, since 2000, the country's demand in this sector has decreased by 1.3% year on year. In 2023, Portugal was ranked tenth, with Greece slightly ahead, also recording €17.9 billion in expenditure. Spain, Italy, and France held the second, third, and fourth positions in this category, respectively.
