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Portugal Food Industry Outlook 2024 - 2028

See how Portugal Food performed compared to key markets such as Germany, France and Italy.

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.

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Portugal Food Market Data and Forecasts

What is the size of the Portuguese Food Market in 2024?

Meat Market Size Value in Portugal
Dairy Products Market Size Value in Portugal
Poultry Meat Market Size Value in Portugal
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