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Industry revenue of “retail sale in non-specialised stores with food“ in Portugal 2011-2023

Revenues of food retail in non-specialised stores in Portugal are projected to grow from 20 billion U.S. dollars in 2017 to only 21.8 billion U.S. dollars by 2023. One of the reasons for this tepid growth is the growing popularity of online grocery shopping, which is chipping into its share, owing to advantages such as a wider selection, deep discounts, of course the convenience of shopping from home. In 2019, 11 percent of individuals purchased groceries online in Portugal, a five-fold increase compared to a decade back.

Moreover, online food delivery platforms such as deliveroo and takeaway.com are also gaining rapid popularity in the country, owing to their robust delivery services and cheap prices, which is also affecting the sales of food and beverages in brick and mortar stores.

Sonae to invest 725 million euros

Sonae, one of Portugal’s leading retailers since 2013, plans to invest up to 725 million euros by 2021, as it looks to refurbish its stores and supermarkets across the country. Moreover, it is planning to open 60 new smaller retail stores and up to eight larger supermarkets in the next three years.

Industry revenue of “retail sale in non-specialised stores with food“ in Portugal from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Portugal. The industry “retail sale in non-specialised stores with food, beverages or tobacco predominating“ has the code “G4711“.

Details on the methodology can be found here.

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