The Portuguese soft drinks market experienced notable shifts over the past decade. Initially, from 2013 to 2015, there was modest growth. However, in 2016, the market sharply declined by over 28%, followed by a gradual recovery. By 2021, the market peaked, reaching 735.01 million euros. The subsequent years showed a downward trend, with 2023 closing at 648.73 million euros, marking a reduction from the previous year.
The year-on-year variation in 2022 and 2023, a decrease of -5.93% and -6.18% respectively, indicates volatility, while the CAGR over the last five years stands at 0.92%, depicting slow growth.
Future trends to watch for:
- Consumer preferences shifting towards healthier beverage options may impact growth.
- Emerging sustainability trends may influence packaging innovations and brand strategies.
- Technological advancements and e-commerce might drive market accessibility and expansion.
How does Portugal rank in Soft Drinks Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,830,000,000 | 2023 | +1.52% | +1.11% | View data |
| 2 | 2 United Kingdom | 10,115,000,000 | 2023 | +1.19% | +1.71% | View data |
| 3 | 3 Germany | 9,930,700,000 | 2023 | +0.92% | +0.63% | View data |
| 4 | 4 Spain | 8,337,900,000 | 2023 | -1.18% | -0.85% | View data |
| 5 | 5 Italy | 6,267,900,000 | 2023 | -0.13% | -1.01% | View data |
| 12 | 12 Sweden | 897,620,000 | 2023 | -0.47% | +0.39% | View data |
| 13 | 13 Czech Republic | 812,820,000 | 2023 | -2.13% | -1.83% | View data |
| 14 | 14 Portugal | 648,730,000 | 2023 | -6.18% | +0.92% | |
| 15 | 15 Ireland | 614,360,000 | 2023 | +0.11% | -0.84% | View data |
| 16 | 16 Croatia | 579,800,000 | 2023 | +1.98% | +2.1% | View data |
