In 2023, the condensed milk market in Portugal was valued at 13.179 million Euros. Over the period from 2013 to 2023, the market exhibited fluctuations with a noticeable decline from 2020 onwards. Analyzing the past two years, there was a slight growth in 2022 (1.52%) followed by a minor decline in 2023 (-0.19%). The five-year CAGR was -0.96%, highlighting a moderate downward trend overall.
Future trends to watch for in the condensed milk market include:
- Potential innovations in dairy alternatives influenced by health-conscious consumers.
- Impact of dietary trends, such as veganism and lactose-free diets, on market demand.
- Economic factors influencing consumer spending and consequences for niche product categories like condensed milk.
How does Portugal rank in Condensed Milk Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 720,310,000 | 2023 | +2.6% | +4.55% | View data |
| 2 | 2 France | 57,065,000 | 2023 | +1.05% | +0.64% | View data |
| 3 | 3 Italy | 13,748,000 | 2023 | +3.05% | +2.02% | View data |
| 4 | 4 Portugal | 13,179,000 | 2023 | -0.19% | -0.96% | |
| 5 | 5 Lithuania | 12,336,000 | 2023 | +0.23% | -1.65% | View data |
| 6 | 6 Hungary | 8,159,700 | 2023 | +4.91% | +0.61% | View data |
