The processed milk market in Portugal has shown a declining trend from 2013 to 2023. In 2023, the market size stood at 429.04 million Euros, representing a 3.67% decrease from the previous year and marking consistent declines among most recent years. Over the last five years, the compound annual growth rate (CAGR) was -4.32%, indicating a steady contraction in the market.
Future trends to watch for include:
- The potential impact of health-related consumer preferences, favoring plant-based alternatives.
- Policy changes or economic incentives that might aim to boost the dairy sector.
- Technological innovations in the dairy processing industry that could revitalize market growth.
How does Portugal rank in Processed Milk Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,779,400,000 | 2023 | +1.87% | +1.29% | View data |
| 2 | 2 United Kingdom | 4,850,400,000 | 2023 | -0.71% | +0.011% | View data |
| 3 | 3 Italy | 4,113,800,000 | 2023 | -0.16% | +1.56% | View data |
| 4 | 4 France | 3,149,600,000 | 2023 | +0.98% | +0.38% | View data |
| 5 | 5 Poland | 1,091,900,000 | 2023 | -0.39% | +2.75% | View data |
| 9 | 9 Greece | 508,600,000 | 2023 | -4.6% | -3.86% | View data |
| 10 | 10 Denmark | 433,600,000 | 2023 | +2.11% | +1.31% | View data |
| 11 | 11 Portugal | 429,040,000 | 2023 | -3.67% | -4.32% | |
| 12 | 12 Finland | 366,670,000 | 2023 | -4.73% | -4.76% | View data |
| 13 | 13 Croatia | 326,760,000 | 2023 | +0.11% | -0.47% | View data |
