Key Market Indicators
Portuguese food sales are projected to hit €15 billion by 2028, up from €14 billion in 2023, marking an average annual growth rate of 1.1%. Over the past decade, the Portuguese market has seen a yearly growth rate of 0.8%. In 2023, Portugal ranked 16th in food sales, with Greece surpassing it at €14 billion. France, Italy, and Spain secured the 2nd, 3rd, and 4th spots, respectively. Meanwhile, Portuguese food expenditures are expected to soar to €39 billion by 2028, a significant rise from €29 billion in 2023. This represents a compound annual growth rate (CAGR) of 4.6%. Since 2000, Portuguese demand has surged by 6.4% annually. In the 2023 rankings, Portugal held the 10th position, with Belgium overtaking it at €29 billion. France, Italy, and the United Kingdom claimed the 2nd, 3rd, and 4th positions, respectively.
