The market size for cereal groats and meal (excluding wheat) in Portugal stood at 8.2146 million euros in 2023. Despite fluctuations, the market showed a general decline from 2013, when the value was significantly higher. Year-on-year variations highlight notable declines in 2014 and 2015, with a more recent stabilization observed. The compound annual growth rate (CAGR) over the last five years reveals a modest decline of -2.2% per year.
Future trends to watch for:
- Potential market recovery influenced by increasing consumer health consciousness driving demand for alternative grains.
- Impact of global supply chain disruptions or local agricultural policies on production costs.
- Innovation in cereal-based products that could stimulate market growth.