In Portugal, the Prepared or Preserved Nuts Market has exhibited substantial growth over the past decade, with an increase in market value from €68.36 million in 2013 to €188.13 million in 2023. The market experienced significant year-on-year growth in the initial half of the decade, followed by more moderate increases in recent years. In 2023, the market stood at €188.13 million with a year-on-year growth of 3.49%. The Compound Annual Growth Rate (CAGR) for the last five years settled at 7.92%, suggesting continued expansion, albeit at a slower pace compared to the previous decade.
Future trends to watch for include:
- Consumer preferences shifting towards healthy snacking options could drive growth.
- Potential impacts of economic fluctuations affecting disposable incomes and purchasing power.
- Emergence of new flavors and innovative packaging solutions attracting diverse consumer segments.
How does Portugal rank in Prepared or Preserved Nuts Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,213,100,000 | 2023 | +1.95% | +4.03% | View data |
| 2 | 2 United Kingdom | 392,330,000 | 2023 | +1.6% | +1.97% | View data |
| 3 | 3 Netherlands | 240,820,000 | 2023 | -0.28% | +0.19% | View data |
| 4 | 4 Portugal | 188,130,000 | 2023 | +3.49% | +7.92% | |
| 5 | 5 Romania | 162,390,000 | 2023 | +4.49% | +7.03% | View data |
| 6 | 6 Hungary | 144,910,000 | 2023 | +7.65% | +8.79% | View data |
