Portugal’s dairy & soy food sector is expected to grow from EUR2.20 billion ($2.4 billion) in 2024 to EUR2.44 billion ($2.7 billion) in 2029, registering a CAGR of 2.1%. In volume terms, the sector is expected to grow from 543.8 million kg in 2024 to 549.6 million kg in 2029, registering a CAGR of 0.2%. Cheese was the largest category in value sales, while the soymilk & soy drinks category is forecast to register the fastest value growth, followed by yogurt. Among the distribution channel modern retail was the largest distribution channel. Key players driving the market are Lactogal - Produtos Alimentares, BEL, and Danone Group.
Key Highlights
- Per capita consumption of dairy & soy food in Portugal was higher than the global level but lower than regional level in 2024.
- The per capita consumption of milk was higher than in other categories in Portugal in 2024.
- Modern retail was the largest distribution channel in Portugal’s dairy & soy food sector.
- Lactogal - Produtos Alimentares accounted for a value share of 16.3% in 2024, while BEL and Danone Group held shares of 10.2% and 9.3%, respectively.
- Rigid plastics was the most used pack material in Portugal’s dairy & soy food sector in 2024, followed by paper & board
Scope
This report brings together multiple data sources to provide a comprehensive overview of the dairy & soy food sector in Portugal, as part of the analyst’s global coverage of the sector. It includes analysis on the following:- Country Overview: The report provides a comparative analysis of the value and volume shares of Portugal against the Western Europe and global dairy & soy food sectors. Additionally, the per capita consumption and expenditure of dairy & soy food in Portugal is also compared to Western Europe and global levels. The report also compares the Portuguese dairy & soy food sector with the other leading countries in Western Europe in terms of market share, growth, and competitive landscape.
- Category and Segment Coverage: The report offers an overview of growth at a sector level and provides analysis of ten categories: butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, fromage frais & quark, Grain, nut, rice, seed milk alternatives, milk, soymilk & soy drinks and yogurt. These categories are analyzed by value, volume, and CAGR for the 2019-2029 period. The analysis also includes the per capita consumption of dairy & soy food in Portugal, by category, compared to Western Europe and global markets. The section also includes value and volume analysis of segments under each category for the 2019-2024 period.
- Distribution Channel: Provides analysis on the leading distribution channels, both at a sector and category level in 2024. The consumer sector reports cover the following four distribution channels: modern retail, specialist retail, traditional retail, cash & carriers & warehouse clubs, and others.
- Competitive Landscape: The report provides analysis on leading companies in the Portuguese dairy & soy food sector in 2024. It also includes an analysis of leading companies by category in the same year and analyzes the market share and growth of private labels in each category. The section also includes an analysis of the extent of fragmentation by category.
- Health & Wellness Analysis: Provides analysis on the value of health & wellness claims by category in Portugal’s dairy & soy food sector from 2019 to 2024. The analysis includes the key health & wellness attributes and consumer benefits driving the sales of dairy & soy food in Portugal in 2024.
- Packaging: The report provides percentage share (in 2024) and growth analysis (for 2019-2029) of various pack materials, pack types, closure types, and primary outer types used in the Portuguese dairy & soy food sector. The analysis is at both the sector and category level and is based on the volume sales (by pack units) of dairy & soy food in the country.
- City analysis: The report provides leading cities’ market size, volume growth analysis, and contribution to overall market growth for the 2019-2024 period.
- Consumergraphics: The report covers the consumption of dairy & soy food by gender, age, education, and urbanization in Portugal.
- Macroeconomic Analysis: The report also provides an outlook on macroeconomic indicators in Portugal, with a detailed summary of the economy, labor market, and demographics.
- Time Period: The report provides overall sector value and volume data, including category and sector-level data for 2019 to 2029. Distribution channel, company, and brand share data is included for 2024.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
Table of Contents
- Executive Summary
- Market Environment
- Value and Volume Share of Portugal in the Global and Western Europe Markets
- Growth Analysis of Portugal Compared to Other Leading Countries in the
- Western Europe Market
- PCC and PCE of Portugal Compared to the Global and Western Europe Markets
- Sector Deep Dive
- Portugal Dairy & Soy Food Sector Snapshot
- Market Size Analysis
- Cross-Category Comparison - Value Growth Analysis and Category Winners and Losers
- Cross-Category Comparison - Volume Growth Analysis and Category Winners and Losers
- Category Deep Dive
- Per Capita Consumption Analysis by Category
- Market Size Analysis - Category: Butter & Spreadable Fats
- Segment-Level Analysis (in Value Terms) - Butter & Spreadable Fats
- Segment-Level Analysis (in Volume Terms) - Butter & Spreadable Fats
- Market Size Analysis - Category: Cheese
- Segment-Level Analysis (in Value Terms) - Cheese
- Segment-Level Analysis (in Volume Terms) - Cheese
- Market Size Analysis - Category: Cream
- Segment-Level Analysis (in Value Terms) - Cream
- Segment-Level Analysis (in Volume Terms) - Cream
- Market Size Analysis - Category: Dairy-Based & Soy-Based Desserts
- Segment-Level Analysis (in Value Terms) - Dairy-Based & Soy-Based Desserts
- Segment-Level Analysis (in Volume Terms) - Dairy-Based & Soy-Based Desserts
- Market Size Analysis - Category: Drinkable Yogurt
- Segment-Level Analysis (in Value and Volume Terms) - Drinkable Yogurt
- Market Size Analysis - Category: Fromage, Frias & Quark
- Segment-Level Analysis (in Value and Volume Terms) - Fromage, Frias & Quark
- Market Size Analysis - Category: Grain, Nut, Rice, Seed Milk Alternatives
- Segment-Level Analysis (in Value Terms) - Grain, Nut, Rice, Seed Milk Alternatives
- Segment-Level Analysis (in Volume Terms) - Grain, Nut, Rice, Seed Milk Alternatives
- Market Size Analysis - Category: Milk
- Segment-Level Analysis (in Value Terms) - Milk
- Segment-Level Analysis (in Volume Terms) - Milk
- Market Size Analysis - Category: Soymilk & Soy Drinks
- Segment-Level Analysis (in Value Terms) - Soymilk & Soy Drinks
- Segment-Level Analysis (in Volume Terms) - Soymilk & Soy Drinks
- Market Size Analysis - Category: Yogurt
- Segment-Level Analysis (in Value and Volume Terms) - Yogurt
- Distribution Analysis
- Channel Share Analysis
- Competitive Environment
- Leading Companies - Value and Volume Shares
- Brand Share Analysis of Top Five Companies
- Brand Share Analysis of Top Five Companies by Category
- Private Label Share Analysis by Category
- Growth of Private Labels Compared to Branded Products
- Degree of Consolidation/Fragmentation by Category
- Health & Wellness Analysis
- Health & Wellness Analysis by Category
- Health & Wellness Analysis by Product Attributes
- Health & Wellness Analysis by Consumer Benefits
- Cross Category Comparison - Products with H&W Claims Vs. Non-H&W Claims
- Packaging Analysis
- Pack Material Growth Analysis
- Pack Type Growth Analysis
- Closure Type Growth Analysis
- Primary Outer Type Growth Analysis
- City Deep Dive
- Market Size Analysis of Top Five Cities
- Market Size Analysis of Top Five Cities by Category
- Consumergraphics
- Demographic Analysis
- Macroeconomic Analysis
- GDP Growth and Inflation
- Population Growth
- Labor Market Trend
- Economic Summary, Labor Market Trends, and Demographic Trends
- Portugal Risk Index (GCRI) 2024
- Portugal Risk Analysis - Compared to Global and Western Europe Markets
- Methodology
- Definitions
- Appendix
- Leading categories (value), 2024
- Fastest growing segments (value), 2024
- Leading value category
- Leading volume category
- Per capita consumption* (by category), Portugal compared to Western Europe and global levels (in kg), 2024
- Butter & spreadable fats - value analysis by segment (EUR million), 2019-29
- Butter & spreadable fats - value analysis by segment ($ million), 2019-29
- Butter & spreadable fats - volume analysis by segment (million kg), 2019-29
- Cheese - value analysis by segment (EUR million), 2019-29
- Cheese - value analysis by segment ($ million), 2019-29
- Cheese - volume analysis by segment (million kg), 2019-29
- Cream - value analysis by segment (EUR million), 2019-29
- Cream - value analysis by segment ($ million), 2019-29
- Cream - volume analysis by segment (million kg), 2019-29
- Dairy-based & soy-based desserts category - value analysis by segment (EUR million), 2019-29
- Dairy-based & soy-based desserts category - value analysis by segment ($ million), 2019-29
- Dairy-based & soy-based desserts category - volume analysis by segment (million kg), 2019-29
- Drinkable yogurt category - value analysis by segment (EUR million), 2019-29
- Drinkable yogurt category - value analysis by segment ($ million), 2019-29
- Drinkable yogurt category - volume analysis by segment (million kg), 2019-29
- Grain, nut, rice, seed milk alternatives category - value analysis by segment (EUR million), 2019-29
- Grain, nut, rice, seed milk alternatives category - value analysis by segment ($ million), 2019-29
- Grain, nut, rice, seed milk alternatives category - volume analysis by segment (million kg), 2019-29
- Milk - value analysis by segment (EUR million), 2019-29
- Milk - value analysis by segment ($ million), 2019-29
- Milk - volume analysis by segment (million kg), 2019-29
- Soymilk & soy drinks category - value analysis by segment (EUR million), 2019-29
- Soymilk & soy drinks category - value analysis by segment ($ million), 2019-29
- Soymilk & soy drinks category - volume analysis by segment (million kg), 2019-29
- Yogurt - value analysis by segment (EUR million), 2019-29
- Yogurt - value analysis by segment ($ million), 2019-29
- Yogurt - volume analysis by segment (million kg), 2019-29
- Top five companies’ share by brand (in value and volume terms) in the dairy & soy food sector, 2024
- Brand shares of top five companies (in value and volume terms) by category, 2024
- Category comparison - with H&W claims and non-H&W claims, 2019-24
- Volume share analysis of top three cities by category (%), 2023
- Value and volume shares of Portugal in the global and Western Europe dairy & soy food sector, 2024-29
- Portugal compared to the other top countries in terms of market share, growth, and the competitive landscape
- PCC* comparison - Portugal, Western Europe, and global, 2019-29
- PCE comparison - Portugal, Western Europe, and global, 2019-29
- Sector size (value)
- Sector size (volume)*
- Market size and growth analysis by value and volume*, dairy & soy food sector, 2019-29
- Fastest-growing category (value and volume)
- Market size and growth analysis by value and volume, butter & spreadable fats category, 2019-29
- Market size and growth analysis by value and volume, Cheese category, 2019-29
- Market size and growth analysis by value and volume, cream category, 2019-29
- Market size and growth analysis by value and volume, dairy-based & soy-based desserts category, 2019-29
- Market size and growth analysis by value and volume, drinkable yogurt category, 2019-29
- Market size and growth analysis by value and volume, fromage frais & quark category, 2019-29
- Market size and growth analysis by value and volume, grain, nut, rice, seed milk alternatives category, 2019-29
- Market size and growth analysis by value and volume, milk category, 2019-29
- Market size and growth analysis by value and volume, soymilk & soy drinks category, 2019-29
- Market size and growth analysis by value and volume, yogurt category, 2019-29
- Share of key distribution channels (in value terms) - dairy & soy food, 2024
- Key distribution channel share by category (in value terms), 2024
- Leading companies (in value and volume terms) in the dairy & soy food sector, 2024
- Private label penetration by category (in value terms), 2024
- Growth analysis, private label and brands, 2019-24
- Category consolidation/fragmentation (in value terms) - diary & soy food, 2024
- Prominence of health & wellness claims by category, $ million, 2019-24*
- Contribution of health & wellness by product attributes, $ million, 2019-24
- Contribution of health & wellness by consumer benefits, $ million, 2019-24
- Key pack materials in the Portugal dairy & soy food sector by percentage share of pack units, 2024
- Use of pack material by category (in pack units), 2024
- Annual growth rate by key pack material, 2019-29
- Key pack types in the Portugal dairy & soy food sector by percentage share of pack units, 2024
- Use of pack type by category (in pack units), 2024
- Annual growth rate by key pack type, 2019-29
- Key closure types in the Portugal dairy & soy food sector by percentage share of pack units, 2024
- Use of closure type by category (in pack units), 2024
- Annual growth rate by key closure type, 2019-29
- Key primary outer types in the Portugal dairy & soy food sector by percentage share of pack units, 2024
- Use of primary type by category (in pack units), 2024
- Annual growth rate by key primary outer type, 2019-29
- Volume growth analysis of three cities (million kg), 2019-23
- Demographic analysis (consumption by gender, age group, education, and urbanization)
- Real GDP (EUR billion) and annual growth (%)
- Nominal GDP (EUR billion) and annual growth (%)
- Consumer price inflation (%)
- Nominal household final consumption expenditure growth (%) in EUR terms
- population (million) and annual growth (%)
- Population by age group (%)
- Population by gender (%)
- Population by rural-urban split (%)
- Employed people (million) and unemployment rate (%)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lactogal - Produtos Alimentares
- BEL
- Danone Group
- Groupe Lactalis
- Nestlé
