Definition:
The Other Dairy Products & Eggs market covers other products made from animal's milk as well as other types of edible eggs besides chicken eggs.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Other Dairy Products & Eggs Market in Lithuania has seen limited growth due to various factors such as changing consumer preferences and increased competition. The convenience of online shopping and rising health awareness have also impacted the market's growth rate, which is currently negligible.
Customer preferences: Consumers in Lithuania are increasingly turning towards plant-based and alternative dairy products, driven by health and environmental concerns. This trend is also influenced by the growing number of vegans and vegetarians in the country. Additionally, there is a rising demand for locally sourced and artisanal dairy products, as consumers prioritize supporting small-scale producers and sustainable farming practices. This has led to a diversification of the dairy market, with a wider range of options available to consumers.
Trends in the market: In Lithuania, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is experiencing a shift towards healthier and more sustainable options. There is a growing demand for plant-based dairy alternatives, such as almond milk and vegan cheese, as consumers become more conscious of their health and the environment. This trend is expected to continue as more consumers prioritize ethical and sustainable food choices. Additionally, the rise of e-commerce and online grocery shopping is making it easier for consumers to access a wider range of dairy and egg products, creating new opportunities for industry players to expand their market reach.
Local special circumstances: In Lithuania, the Other Dairy Products & Eggs Market is heavily influenced by the country's rich dairy traditions and its strong agricultural sector. The market is also shaped by the strict European Union regulations for dairy products, ensuring high quality and safety standards. Additionally, Lithuania's geographical location in the Baltic region has allowed for the development of unique dairy products, such as the popular Lithuanian cheese curd dish, "varškės sūrelis". These local factors contribute to the market dynamics, with a focus on high-quality, traditional dairy products that are in demand both domestically and internationally.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market within The Food market in Lithuania is also impacted by macroeconomic factors such as economic growth, consumer spending patterns, and government policies. As the country's economy continues to strengthen, consumers have more disposable income to spend on premium dairy products and other healthy food options. Furthermore, government initiatives aimed at promoting healthy eating habits and sustainable agriculture practices are driving the demand for organic and locally sourced dairy products. Additionally, the growing health consciousness among the population is fueling the demand for innovative dairy alternatives, such as plant-based milk and yogurt, which are expected to witness significant growth in the coming years.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights