From 2013 to 2023, the wholesale chocolate and cocoa food preparations market in Portugal exhibited a general upward trend, increasing from 20.629 million Euros to 36.696 million Euros in value. This growth indicates a strong demand with substantial percentage increases observed particularly in 2015 and 2018. However, the market experienced a slight decline in 2022. In 2023, the market demonstrated a modest recovery, registering a 3.76% growth from the previous year. The compound annual growth rate for the last five years averaged at 2.38%.
Future trends to watch for include:
- Continued focus on premium and sustainable cocoa products, appealing to ethically-conscious consumers.
- Potential market expansion driven by increasing demand for innovative flavors and healthier options.
- Market volatility possibly influenced by global cocoa supply chain disruptions and fluctuating raw material prices.
How does Portugal rank in Wholesale Chocolate and Cocoa Food Preparations Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,308,800,000 | 2023 | +3.16% | +2.72% | View data |
| 2 | 2 Germany | 806,780,000 | 2023 | +4.06% | -0.45% | View data |
| 3 | 3 Spain | 580,910,000 | 2023 | +4.61% | +5.54% | View data |
| 4 | 4 Czech Republic | 71,313,000 | 2023 | +5.47% | +6.29% | View data |
| 5 | 5 Greece | 70,949,000 | 2023 | +2.34% | +2.96% | View data |
| 6 | 6 Lithuania | 57,580,000 | 2023 | +3.56% | +7.57% | View data |
| 7 | 7 Portugal | 36,696,000 | 2023 | +3.76% | +2.38% |
