A growing sector in Europe and Portugal
The food sector is one of the fastest growing sectors in Europe in recent times. According to the annual report - Data & Trends EU Food & Drink Industry 2019 - by FoodDrinkEurope, the food and drinks industry remains the largest production sector in terms of turnover, added value and jobs created. The numbers don't lie. With 1,192 billion euros generated, 2.1% gross added value, 4,7 million people employed and 294,000 active companies, this sector is clearly one of the main drivers of the European economy.
The food industry is a very diversified sector in which companies have various sizes, with SMEs generating almost half of the value of turnover, added value and providing two thirds of jobs in Europe. In Portugal, the curve is also upward, according to PORDATA statistical data. The Portugue