From 2013 to 2023, the meat processing sector in Portugal has shown general growth, with a notable increase from 2.02 Billion Euros in 2013 to 2.80 Billion Euros in 2023. This represents an overall upward trend aside from a few declines, such as in 2015 and 2020. In 2023, the production value stood at 2.80 Billion Euros. Year-on-year variations have fluctuated, peaking at 21.29% in 2017 and experiencing occasional declines, most notably a -4.62% drop in 2020. The CAGR over the past five years leading to 2023 is approximately 1.53%.

Looking ahead, forecasted data from 2024 to 2028 suggests continued growth, though at a slower pace with a forecasted 5-year CAGR of 1.43% and a forecasted 5-year growth rate of 7.36%, reaching 3.06 Billion Euros by 2028.

Future trends to watch for:

Technological advancements in meat processing.
Changing consumer preferences towards sustainable and plant-based alternatives.
Potential impact of regulatory changes and trade policies on production and export.
Adoption of more stringent quality and safety standards.
Supply chain disruptions and cost fluctuations in raw materials.