The Dairy Products Market in Portugal experienced fluctuations over the past decade. In 2023, the market size was valued at approximately €2.262 billion, indicating a slight decline over recent years. From 2013 to 2023, the market demonstrated a mixed pattern with some growth years, notably 2017 and 2018, and declines in 2014, 2015, 2016, 2020, 2021, and minimal decreases in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged at -0.66%, illustrating a slight downturn in the market.
Future trends to watch for:
- Potential market stabilization as consumer preferences evolve.
- Increased demand for alternative dairy products driven by health-conscious trends.
- Impact of economic factors, such as inflation, on purchasing power and market size.
- Innovation in dairy product offerings and sustainable dairy production practices.
How does Portugal rank in Dairy Products Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 29,301,000,000 | 2023 | +1.75% | +1.82% | View data |
| 2 | 2 Italy | 22,897,000,000 | 2023 | +0.22% | +0.59% | View data |
| 3 | 3 United Kingdom | 15,427,000,000 | 2023 | +0.5% | +1.71% | View data |
| 4 | 4 Poland | 8,471,800,000 | 2023 | +1.69% | +3.05% | View data |
| 5 | 5 Sweden | 2,959,000,000 | 2023 | +0.2% | -0.97% | View data |
| 8 | 8 Austria | 2,490,700,000 | 2023 | +1.31% | +2.69% | View data |
| 9 | 9 Finland | 2,470,200,000 | 2023 | -0.39% | -0.26% | View data |
| 10 | 10 Portugal | 2,262,200,000 | 2023 | -0.27% | -0.66% | |
| 11 | 11 Czech Republic | 2,012,100,000 | 2023 | +0.63% | +0.49% | View data |
| 12 | 12 Hungary | 1,610,300,000 | 2023 | +1.55% | +2.15% | View data |
