The Food Products with Cocoa market in Portugal has experienced a general decline in per capita volume from 2013 to 2023, reducing from 0.29 kilograms per capita to 0.16 kilograms per capita in 2023. Year-on-year, the most notable decreases occurred in recent years, with a modest decline of about 1% from 2022 to 2023. Over the last two years, the decrease has been steady, averaging around 2% per year. The compound annual growth rate (CAGR) for the last five years shows an average annual decrease of approximately 2.7%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier and more sustainable products, influencing cocoa consumption.
- Impact of global supply chain dynamics and price fluctuations on local market behaviors.
- Innovation in product offerings that may revitalize interest in cocoa-based food products.