The processed milk market in Portugal has seen fluctuating trends over the past decade. From 2013 to 2023, the market size in volume terms decreased from 728.89 million kilograms to 597.35 million kilograms. The market showed a steady decline from 2013 through 2017, followed by some recovery and variability between 2018 and 2023. The year-on-year variations reveal significant drops, particularly in 2017 and 2019, with brief recoveries in 2018 and 2020. The last five years experienced a compound annual growth rate of -2.57%, highlighting an overall contracting market.
Future trends to watch for in Portugal's processed milk market include shifts in consumer preferences towards plant-based milk alternatives and the potential impact of health-conscious consumer behavior on traditional milk consumption. Additionally, innovations in dairy processing and a focus on sustainable production practices could influence market dynamics. Monitoring economic trends and demographic shifts will also play a crucial role in predicting future market changes.
How does Portugal rank in Processed Milk Market Size Volume?
| # | 16 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,073,000,000 | 2023 | +0.65% | -0.97% | View data |
| 2 | 2 United Kingdom | 6,321,100,000 | 2023 | -0.27% | -1.23% | View data |
| 3 | 3 Italy | 3,848,600,000 | 2023 | -2.23% | -0.88% | View data |
| 4 | 4 France | 3,559,000,000 | 2023 | -0.17% | -1.28% | View data |
| 5 | 5 Poland | 1,557,200,000 | 2023 | -0.36% | -0.19% | View data |
| 6 | 6 Sweden | 697,780,000 | 2023 | -2.38% | -2.99% | View data |
| 7 | 7 Austria | 625,530,000 | 2023 | +2.15% | +1.03% | View data |
| 8 | 8 Portugal | 597,350,000 | 2023 | -2.09% | -2.57% | |
| 9 | 9 Romania | 559,990,000 | 2023 | +2.69% | +6.04% | View data |
| 10 | 10 Lithuania | 553,970,000 | 2023 | +3.47% | +2.16% | View data |
