Yogurt Substitutes - Lithuania

Lithuania

Highlights

Revenue in the Yogurt Substitutes market amounts to US$1.71m in 2024. The market is expected to grow annually by 8.51% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$0.63 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 290.40k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 5.5% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes market in Lithuania is experiencing subdued growth due to various factors such as increasing health awareness and convenience of online services. Despite this, the market is still expected to grow, driven by the rising demand for alternative dairy products within the Food sector.

Customer preferences: The growing popularity of plant-based diets and the rising awareness of lactose intolerance and dairy allergies have led to an increase in demand for yogurt substitutes in Lithuania. This trend is driven by consumers' desire for healthier and more sustainable food options. Additionally, the rise of veganism and the introduction of innovative non-dairy yogurt alternatives have further fueled the growth of this market segment.

Trends in the market: In Lithuania, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based alternatives. This trend is driven by a growing number of consumers seeking healthier and environmentally-friendly options. As a result, companies are investing in research and development to create innovative, dairy-free products. This trend is significant as it presents an opportunity for industry stakeholders to capitalize on the rising demand for plant-based products. However, it also poses a threat to traditional dairy companies, as they may lose market share to these substitutes. The trajectory of this trend is expected to continue as more consumers become health-conscious and environmentally-aware, making it crucial for industry stakeholders to adapt and cater to this growing demand.

Local special circumstances: In Lithuania, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is heavily influenced by the country's strong dairy industry and cultural preference for traditional dairy products. Additionally, the government's strict regulations on dairy production and labeling create a unique market environment. This has led to the rise of non-dairy alternatives made from locally-sourced ingredients, catering to the increasing demand for plant-based options among health-conscious consumers. Furthermore, the country's growing focus on sustainability and ethical sourcing has also influenced the market, with brands promoting their environmentally-friendly practices to attract consumers.

Underlying macroeconomic factors: The Yogurt Substitutes Market in Lithuania is impacted by various macroeconomic factors, including global economic trends, national economic health, fiscal policies, and financial indicators. The market growth is influenced by the country's economic stability, consumer purchasing power, and government initiatives to promote healthy food alternatives. Additionally, changing consumer preferences towards plant-based diets and increasing health concerns are driving the demand for yogurt substitutes. Moreover, the rise in disposable income and the growing trend of veganism are expected to further fuel the market 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.