From 2013 to 2023, the fresh goat meat market in Portugal saw a gradual increase in consumption per capita, rising from 0.091 kg to 0.15 kg. Notably, in the recent years of 2022 and 2023, the per capita consumption remained stable at 0.15 kg. Over the past two years, the market saw a consistant 7.1% increase from 2021 to 2022 and remained unchanged in 2023. Observing the entire five-year span from 2018 to 2023, the market exhibited a compound annual growth rate (CAGR) of approximately 9.3% per annum.
In terms of future trends, the Portuguese market for fresh goat meat may face several influences:
- Potential increase in demand due to growing awareness of goat meat as a sustainable and healthy protein source.
- Market expansion due to dietary diversification and cultural preferences.
- A potential stabilization of consumption if alternative proteins gain popularity, or economic factors impact purchasing power.
