The processed cheese market in Portugal has seen a consistent decline over the last decade, with its value decreasing from €31.308 million in 2013 to €17.463 million in 2023. Notably, from 2018 to 2023, the market experienced a significant contraction, with the most recent year-on-year decrease recorded at 11.13%. Over the past five years, there has been an average annual decline of 9.04%. This steady downward trend highlights the challenges facing the processed cheese sector in Portugal.
Looking forward, key trends to watch include shifting consumer preferences towards healthier and natural food products, which could further impact processed cheese sales. Additionally, the introduction of innovative product ranges or marketing strategies might play a crucial role in revitalizing the market.
How does Portugal rank in Processed Cheese Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 805,670,000 | 2023 | +1.62% | +1.53% | View data |
| 2 | 2 France | 591,120,000 | 2023 | +1.77% | +2.25% | View data |
| 3 | 3 Italy | 438,040,000 | 2023 | -0.35% | +0.069% | View data |
| 4 | 4 Poland | 143,760,000 | 2023 | -5.8% | +0.66% | View data |
| 5 | 5 Romania | 100,500,000 | 2023 | +1.98% | +2.39% | View data |
| 10 | 10 Lithuania | 21,221,000 | 2023 | +1.59% | +3.33% | View data |
| 11 | 11 Estonia | 17,761,000 | 2023 | +3.04% | +5.56% | View data |
| 12 | 12 Portugal | 17,463,000 | 2023 | -11.13% | -9.04% | |
| 13 | 13 Croatia | 15,360,000 | 2023 | +0.39% | +0.31% | View data |
| 14 | 14 Bulgaria | 14,526,000 | 2023 | +1.61% | +0.22% | View data |
