Forecast: Production Value of Restaurants and Mobile Food Service Activities in Portugal

The production value of restaurants and mobile food service activities in Portugal has demonstrated significant growth over the past decade. From a value of 3.03 billion euros in 2013 to 8.24 billion euros in 2023, the sector has shown resilience and expansion, recovering well after the steep decline in 2020. The year-on-year variation has generally reflected an upward trend, with substantial growth in certain years, notably a recovery growth of 37.1% in 2021 following the COVID-19 pandemic and a steady rise of 15.78% in 2023. The Compound Annual Growth Rate (CAGR) has consistently improved, particularly over the last five years where it stands at 7.62%. Forecasts show the value reaching 11.24 billion euros by 2028, with an expected 5-year CAGR of 4.9% and a total growth rate of 27.03% over this period.

Future trends to watch for in the Portugal restaurant and mobile food service sector include the impact of technological innovations, the growth of online food delivery platforms, changes in consumer behavior towards healthy and sustainable eating, and potential economic fluctuations that could influence disposable income and consumer spending patterns.