Key Market Indicators
Sales of Portuguese cereal products are expected to hit approximately €2.19 billion by 2028, up from €2.09 billion in 2023. This marks an average annual growth rate of 0.6%. Since 2013, the Portuguese market has grown at an average annual rate of 2%. In 2023, Portugal ranked 14th in the cereal products market, with Romania slightly ahead at €2.09 billion. Germany, Italy, and the United Kingdom held the 2nd, 3rd, and 4th positions, respectively. Portuguese cereal products production is projected to reach around €2.08 billion by 2028, rising from €1.96 billion in 2023, with an average annual growth rate of 0.9%. Since 2013, Portuguese supply has increased by an average of 2.2% per year. In 2023, Portugal ranked 12th in cereal products production, just behind Sweden at €1.96 billion. Germany, Italy, and the United Kingdom took the 2nd, 3rd, and 4th spots in this ranking, respectively.
