The frozen potatoes market in Portugal has shown a positive growth trend from 2013 to 2023, with per capita consumption increasing from 5.24 kilograms to 7.46 kilograms. The market notably expanded between 2015 and 2019, with some stabilization post-2020. The average annual growth rate (CAGR) from 2018 to 2023 was positive, indicating a consistent upward trajectory.
Key year-on-year variations from 2022 to 2023 display a minor increase, highlighting market maturity. Over the last two years, there has been approximately a 3% increase overall, signaling stable demand.
Future trends to watch include:
- Potential for further market expansion driven by evolving consumer preferences towards convenience foods.
- Innovations in product offerings targeting health-conscious consumers could boost growth.
- Economic factors and inflation could impact purchasing power, slightly altering consumption patterns.
How does Portugal rank in Frozen Potatoes Market Size Volume Per Capita?
| # | 11 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 7.48 | 2023 | View data | ||
| 2 | 2 Portugal | 7.46 | 2023 | |||
| 3 | 3 Sweden | 7.41 | 2023 | View data | ||
| 4 | 4 Greece | 6.87 | 2023 | View data | ||
| 5 | 5 Hungary | 6.8 | 2023 | View data | ||
