The Whole Milk and Cream Powder market in Portugal was valued at 46.033 million Euros in 2023. This shows a moderate year-on-year growth of 1.23% from 2022 and an average annual growth rate (CAGR) of 0.76% over the past five years. The market experienced fluctuations ranging from periods of decline to modest growth from 2013 to 2018. Between 2019 and 2023, the market observed steady, yet modest year-on-year increases, driven by consistent consumer demand and stabilization in economic conditions.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier dairy alternatives.
- Potential impacts of EU agricultural policies on production and pricing.
- Increasing demand in emerging markets influencing export dynamics.
