In 2023, the Sweet Biscuits and Gingerbread market in Portugal was valued at 370.63 million Euros. Over the past two years, the market showed a steady growth with year-on-year increases of 3.7% in 2022 and 3.53% in 2023. The compound annual growth rate (CAGR) over the last five years stood at 2.51%, indicating consistent growth despite a minor dip in 2020. The market has rebounded impressively since then, sustaining its upward trajectory.
Future trends to watch for include potential impacts of changing consumer preferences towards healthier options and the influence of sustainable and ethical production practices. Additionally, the rise of e-commerce could further drive market expansion through improved accessibility and convenience for consumers.
How does Portugal rank in Sweet Biscuits and Gingerbread Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,196,700,000 | 2023 | +2.22% | +2.43% | View data |
| 2 | 2 United Kingdom | 2,574,500,000 | 2023 | -1.25% | -0.83% | View data |
| 3 | 3 Germany | 2,458,900,000 | 2023 | -1.81% | +0.71% | View data |
| 4 | 4 Italy | 1,811,800,000 | 2023 | -6.22% | -6.24% | View data |
| 5 | 5 Spain | 1,586,200,000 | 2023 | +1.7% | +1.44% | View data |
| 7 | 7 Romania | 397,620,000 | 2023 | +5.53% | +6.74% | View data |
| 8 | 8 Greece | 378,470,000 | 2023 | +5.74% | +6.7% | View data |
| 9 | 9 Portugal | 370,630,000 | 2023 | +3.53% | +2.51% | |
| 10 | 10 Sweden | 233,720,000 | 2023 | +1.17% | +2.34% | View data |
| 11 | 11 Ireland | 232,490,000 | 2023 | +6.12% | +9.32% | View data |
