Between 2013 and 2023, the market for butter and dairy spreads in Portugal displayed significant fluctuations. After an initial growth phase, the market contracted between 2015 and 2016, largely recovering by 2018. Over the last five years, the compounded annual growth rate (CAGR) averaged 2.06%. By 2023, the market size value stood consistently at 164.77 million euros, reflecting modest growth over the previous two years.
Future trends to watch include:
- Increasing consumer preference for health-oriented and value-added products might drive product diversification.
- Economic conditions and inflation may impact consumer spending, potentially influencing market dynamics.
- Emerging innovations in plant-based alternatives could present competitive pressures.
How does Portugal rank in Butter and Dairy Spreads Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,073,200,000 | 2023 | -0.87% | -0.24% | View data |
| 2 | 2 Austria | 417,950,000 | 2023 | +2.9% | +1.3% | View data |
| 3 | 3 Czech Republic | 399,910,000 | 2023 | +2.58% | +1.38% | View data |
| 4 | 4 Ireland | 292,460,000 | 2023 | -5.05% | -4.6% | View data |
| 5 | 5 Romania | 231,970,000 | 2023 | +4.62% | +5.36% | View data |
| 6 | 6 Slovakia | 172,280,000 | 2023 | +4.16% | +0.85% | View data |
| 7 | 7 Portugal | 164,770,000 | 2023 | +0.094% | +2.06% | |
| 8 | 8 Finland | 135,380,000 | 2023 | +1.01% | -1.75% | View data |
| 9 | 9 Hungary | 108,520,000 | 2023 | +3.01% | +1.67% | View data |
