The frozen vegetables market in Portugal reached 100.89 million Euros in 2023. Over the last two years, the market saw consistent growth with year-on-year increases of 3.53% in 2022 and 3.37% in 2023. The market's compound annual growth rate (CAGR) from 2018 to 2023 was 3.19%, indicating moderate but steady growth. Notable fluctuations included a dip in 2020, attributable to external factors affecting the market, followed by a recovery-driven growth in subsequent years.
Future trends to watch for include:
- Increasing consumer preference for convenient and healthy options may drive further growth.
- Potential impacts of economic factors and agricultural innovations on market dynamics.
- Expansion of organic and sustainable product lines to capture increasing market demand.
How does Portugal rank in Frozen Vegetables Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,272,200,000 | 2023 | +2.3% | -0.3% | View data |
| 2 | 2 France | 1,175,500,000 | 2023 | +1.43% | +0.46% | View data |
| 3 | 3 Germany | 1,158,400,000 | 2023 | +0.77% | +1.72% | View data |
| 4 | 4 United Kingdom | 946,480,000 | 2023 | +1.24% | +1.27% | View data |
| 5 | 5 Poland | 273,310,000 | 2023 | +2.44% | -1.71% | View data |
| 6 | 6 Greece | 187,180,000 | 2023 | +2.87% | +6.47% | View data |
| 7 | 7 Sweden | 144,150,000 | 2023 | +6.25% | +4.49% | View data |
| 8 | 8 Portugal | 100,890,000 | 2023 | +3.37% | +3.19% | |
| 9 | 9 Finland | 94,295,000 | 2023 | +0.83% | +0.29% | View data |
| 10 | 10 Romania | 86,472,000 | 2023 | +7.67% | +9.35% | View data |
