From 2013 to 2023, the Frozen Turkey Cuts Market in Portugal saw fluctuations, peaking in 2014 before experiencing a gradual decline. The market was valued at 20.405 million euros in 2023. A sharp decline occurred in 2018, but the market stabilized in recent years with slight decreases of around 0.2% annually since 2020. The 5-year CAGR indicated minor positive growth from 2019 to 2023.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier and sustainable food options, impacting frozen turkey demand.
- Supply chain improvements or disruptions, which can affect market dynamics.
- Economic factors and purchasing power trends influencing consumer spending on frozen food products.
