The condensed milk market in Portugal has seen fluctuating trends over the past decade. By 2023, the market size reached 5.3819 million kilograms, marking a -1.3% year-on-year decrease. Over the last five years (2018-2023), the compounded annual growth rate (CAGR) was -0.52%, indicating a slight downward trend in consumption.
Future trends to monitor include potential growth in demand driven by increasing consumer interest in homemade and traditional cooking where condensed milk is a key ingredient. Additionally, health-conscious consumer preferences and product innovations such as low-sugar options may impact future market dynamics.
How does Portugal rank in Condensed Milk Market Size Volume?
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 205,740,000 | 2023 | +1.98% | +2.04% | View data |
| 2 | 2 United Kingdom | 32,378,000 | 2023 | +1.74% | +2.11% | View data |
| 3 | 3 France | 15,496,000 | 2023 | -0.11% | -2.62% | View data |
| 4 | 4 Lithuania | 6,070,200 | 2023 | -1.47% | +0.37% | View data |
| 5 | 5 Portugal | 5,381,900 | 2023 | -1.3% | -0.52% | |
| 6 | 6 Italy | 4,545,600 | 2023 | +2.96% | +5.67% | View data |
| 7 | 7 Sweden | 1,454,700 | 2023 | -1.71% | -2.66% | View data |
