From 2013 to 2023, Portugal's smoked fish market value per capita has demonstrated consistent growth. The value increased from €1.04 in 2013 to €2.83 in 2023. The market showed significant jumps, particularly from 2016 onwards, indicating a robust upward trend. Year-on-year growth from 2022 to 2023 was approximately 4.4%, while the compound annual growth rate (CAGR) for the last five years was about 5.1%, reflecting steady market expansion.
Future trends to watch for:
- Potential shifts in dietary preferences towards healthier options could further boost demand.
- Monitoring regulatory changes in fisheries and sustainability practices will be crucial.
- Emerging consumer trends towards locally sourced and artisanal products may drive new growth avenues.
