The seafood market size in Portugal, expressed in kilograms per capita, has shown a noticeable decline from 40.09 kg in 2013 to 32.97 kg in 2023. This downward trend has been particularly marked in recent years, with a year-on-year decrease of approximately 1.41% over the last two years. Over the past five years, the compound annual growth rate (CAGR) was around -1.27%, highlighting a persistent decline.
For the future, it's crucial to monitor factors affecting seafood consumption, such as sustainability practices, import-export regulations, and consumer preferences towards plant-based diets or alternative proteins, which could significantly impact market dynamics. Additionally, economic factors like inflation and disposable income will play vital roles in shaping the trend over the coming years.
