The frozen turkey cuts market in Portugal has shown variable changes in value per capita over the years, peaking in 2014 at €2.23 and tapering off to a consistent €2 from 2020 to 2023. The period from 2014 to 2018 exhibited a downtrend, with the market value declining by approximately 16%. Over the past two years, the market has stabilized with zero percentage change. The five-year CAGR from 2019 to 2023 indicates no significant growth, sustaining an average steady value.
Moving forward, attention should be placed on potential shifts in consumer preference due to health trends, increased demand from alternative protein sources, or disruptions in supply chains that might influence market dynamics.
- Potential shifts in consumer preferences due to health trends.
- Increased demand for alternative protein sources.
- Supply chain disruptions impacting market dynamics.