Key regions: Japan, China, Spain, South Korea, United Kingdom
The Fresh Vegetables Market in Portugal is experiencing negligible growth, influenced by factors such as changing consumer preferences, competition from imported products, and economic constraints that limit spending on fresh produce.
Customer preferences: Consumers in Portugal are increasingly prioritizing health and sustainability, fueling a growing demand for organic and locally sourced fresh vegetables. This trend is particularly pronounced among younger demographics, who are more conscious of environmental impacts and are inclined to support local farmers. Additionally, the rise of plant-based diets is shifting preferences towards a broader variety of vegetables, while convenience-driven shopping habits are propelling online grocery services to include fresh produce, reflecting a blend of traditional values and modern lifestyle demands.
Trends in the market: In Portugal, the Fresh Vegetables Market is experiencing a notable shift towards organic and locally sourced produce, driven by consumers' increasing emphasis on health and sustainability. Younger demographics, particularly millennials and Gen Z, are leading this trend, showing a strong preference for environmentally friendly practices and supporting local farmers. Additionally, plant-based diets are expanding interest in a diverse range of vegetables, while the rise of online grocery shopping is making fresh produce more accessible. This convergence of traditional values and modern conveniences presents significant opportunities for industry stakeholders to innovate and adapt to evolving consumer preferences.
Local special circumstances: In Portugal, the Fresh Vegetables Market is significantly shaped by the country's diverse climate and rich agricultural heritage, which foster a wide variety of high-quality, seasonal produce. The Mediterranean diet, deeply rooted in Portuguese culture, emphasizes fresh vegetables, further driving demand. Regulatory support for organic farming practices enhances the market's focus on sustainability. Additionally, community-supported agriculture initiatives are gaining traction, promoting direct relationships between consumers and local farmers, which distinguishes Portugal’s market from others and reinforces the trend towards fresh, locally sourced produce.
Underlying macroeconomic factors: The Fresh Vegetables Market in Portugal is influenced by several macroeconomic factors, including national economic health, global trade dynamics, and consumer spending patterns. Portugal's robust agricultural sector benefits from EU agricultural policies that support sustainable farming practices and rural development. Economic growth in the country has led to increased disposable income, enabling consumers to prioritize fresh, high-quality vegetables. Additionally, global trends towards health and wellness are further amplifying demand for fresh produce. Exchange rate fluctuations and international market conditions also play a crucial role, impacting import-export dynamics and pricing strategies within the sector.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
