Market Insights Advertising & Media Advertising

Retail Platform Advertising - Portugal

Portugal

In Portugal, ad spending in the Retail Platform Advertising market is projected to reach €240.30m in 2024.
This ad spending is expected to exhibit an annual growth rate (CAGR 2024-2029) of 14.75%, leading to a projected market volume of €478.20m by 2029.
The average ad spending per user in Portugal's Retail Platform Advertising market is anticipated to amount to €84.66 in 2024.
In a global context, the majority of ad spending will be generated the United States, with a forecast of €52,890.00m in 2024.
In Portugal, the retail platform advertising sector is increasingly integrating localized content, reflecting a growing emphasis on consumer engagement and regional relevance.

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Retail Platform Advertising Market in Portugal is witnessing considerable growth, fueled by factors such as the surge in e-commerce, increased consumer engagement on digital platforms, and the demand for targeted advertising solutions among brands aiming to reach their audiences effectively.

Customer preferences: In Portugal, consumers are increasingly gravitating towards personalized shopping experiences on digital retail platforms, driven by a desire for convenience and tailored offerings. There is a noticeable preference for sustainable and locally sourced products, reflecting a cultural shift towards environmental consciousness. Additionally, the rise of social commerce is shaping buying behaviors, with younger demographics engaging more with brands through social media, seeking authenticity and community engagement in their purchasing decisions.

Trends in the market: In Portugal, the Retail Platform Advertising Market is experiencing a surge in the integration of AI-driven personalization, enabling brands to deliver customized advertisements that resonate with consumers' unique preferences. There is a marked shift towards omnichannel marketing strategies, where businesses blend online and offline experiences to enhance customer engagement. Additionally, the emphasis on sustainability is prompting retailers to highlight eco-friendly products in their advertising, appealing to environmentally conscious shoppers. These trends suggest a growing need for retailers to adapt their marketing approaches, focusing on authenticity and community-driven narratives to capture the attention of younger consumers while maintaining a strong commitment to ethical practices.

Local special circumstances: In Portugal, the Retail Platform Advertising Market is shaped by a blend of cultural heritage and modern consumer behavior, reflecting the nation's appreciation for artisanal products and local craftsmanship. The regulatory landscape encourages transparency in advertising, compelling brands to prioritize authenticity in their messaging. Furthermore, Portugal's emphasis on community values drives retailers to engage in local partnerships, thereby fostering deeper connections with consumers. These unique factors influence advertising strategies, requiring brands to adapt their content to resonate with the culturally rich and environmentally aware Portuguese audience.

Underlying macroeconomic factors: The Retail Platform Advertising Market in Portugal is significantly influenced by macroeconomic factors such as consumer spending trends, digital transformation, and overall economic stability. The national economy's recovery post-pandemic has bolstered disposable income, prompting brands to invest more in targeted advertising strategies. Additionally, the rise of e-commerce and digital platforms has shifted consumer engagement towards online retail, necessitating more innovative advertising approaches. Regulatory frameworks promoting transparency and consumer protection further shape advertising practices, compelling brands to create authentic content. Global economic trends, such as inflation and supply chain disruptions, also impact advertising budgets and strategies, requiring adaptability from retailers to maintain relevance in a dynamic market.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on Retail platform ad spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising by businesses for digital advertisements.

Modeling approach:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party reports, and survey results from our primary research (e.g., Consumer Insights). Next, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and digital consumer spending. 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 particular market. For example, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year. In some cases, the data is updated on an ad-hoc basis (e.g., when new relevant data has been released or significant changes within the market have an impact on the projected development).