The Portuguese cheese and curd market has shown a consistent growth trajectory from 2013 to 2023, ending with a market size of 164.8 million kilograms in 2023. Over the past decade, the market expanded steadily, with annual fluctuations often reflecting broader economic conditions and consumer trends. The most significant growth was seen between 2014 and 2019, characterized by a peak year-on-year increase of 10.42% in 2015.
Recently, growth has tempered with year-on-year increases averaging around 2.7% from 2021 to 2023. Over the last five years, the compound annual growth rate (CAGR) has slowed to 3.49%, indicating a more matured market stage.
Future trends to watch include the growing demand for specialty and artisanal cheese varieties, influenced by evolving consumer palates and preferences for high-quality, locally-sourced products. Potential economic shifts and changing dietary trends towards plant-based alternatives could also impact market dynamics. Monitoring these elements will be crucial for stakeholders aiming to capitalize on future growth opportunities.
How does Portugal rank in Cheese and Curd Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,495,900,000 | 2023 | +0.018% | +0.85% | View data |
| 2 | 2 United Kingdom | 1,159,400,000 | 2023 | +1.66% | +1.11% | View data |
| 3 | 3 Poland | 817,930,000 | 2023 | +0.97% | +1.8% | View data |
| 4 | 4 Germany | 749,810,000 | 2023 | +1.1% | +1.05% | View data |
| 5 | 5 Greece | 252,150,000 | 2023 | +2.14% | +0.38% | View data |
| 8 | 8 Sweden | 191,970,000 | 2023 | +1.03% | +1.6% | View data |
| 9 | 9 Austria | 191,210,000 | 2023 | +0.063% | +1.04% | View data |
| 10 | 10 Portugal | 164,800,000 | 2023 | +2.62% | +3.49% | |
| 11 | 11 Hungary | 150,430,000 | 2023 | +1.92% | +2.16% | View data |
| 12 | 12 Finland | 149,670,000 | 2023 | +2.89% | +1.29% | View data |
