The Flavoured Liquid Milk Products market in Portugal experienced a steady decline from 19.81 kilograms per capita in 2013 to 17.01 kilograms per capita in 2023, a notable drop of over 14%. The market showed fluctuations, such as a rise from 2018 to 2019, but generally declined, especially in recent years with a 2.3% decrease from 2022 to 2023. Over the last five years, the compound annual growth rate was -1.5%, indicating a persistent downward trend.
Future trends to watch for include:
- Innovations in product flavors and health-focused formulations.
- Potential market stabilization as consumers return to pre-pandemic consumption habits.
- Impact of sustainability initiatives on packaging and production.