Between 2013 and 2023, the per capita market size value of food products with cocoa in Portugal showed an overall upward trend. The value reached 0.64 Euros in 2023, marking a significant increase from earlier years despite fluctuations. Notably, between 2022 and 2023, the market experienced a 4.92% increase, following a modest rise of 2.13% from 2021 to 2022. Over the last five years, the CAGR was approximately 3.67%, reflecting a positive growth trajectory in consumer spending on cocoa-based products in Portugal.
Looking ahead, sustained growth in this market is expected, bolstered by new product innovations and a growing consumer preference for premium cocoa products. Monitoring changes in consumer health trends and potential economic shifts will be crucial to anticipate further market dynamics.
