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Learn moreDec 2020
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Fresh and perishable products saw a harsh impact from COVID-19 in Portugal in 2020, whereas processed and shelf stable products fared better. With regards to fresh and perishable products, disruptions such as the closure of borders, travel limitations, changes in the operating model of foodservice establishments, and even changes in consumption patterns, led to a decline in sales.
Portugal went into lockdown and travel was restricted from 13 March, with non-essential services stopped and schools closed from 18 March. Flights from outside the EU have been suspended, with exemptions for the US, Canada, Venezuela, South Africa and Portuguese-speaking countries.
The two main drivers for consumers are noted as affordability and local production. Locally sourced products are increasingly in demand by Portuguese consumers, due to greater confidence in the quality and the way the products reach the point of sale, in addition to helping national production.
COVID-19 has had a major impact on the way the Portuguese live and, therefore, consume. During the lockdown period, e-commerce in Portugal grew significantly, compared to the same period last year.
The foodservice channel continues to suffer from a serious crisis due to closures enforced by COVID-19. A high degree of restaurant trade is dependent on tourism in Portugal, which has clearly been impacted by border closures and travel restrictions.
Among Portuguese industries, the food sector is one of the most important engines of economic recovery in the country. Within this, COVID-19 has enabled moments of reflection, launched new challenges and, above all, created the need for companies to be more agile and only allow themselves to implement efficient and quick actions for recovery from damages, at all levels.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Packaged food industry in Portugal with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Packaged food industry in Portugal, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Packaged Food market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.