Food - Lithuania

Lithuania

Revenue in the Food market amounts to US$8.84bn in 2024. The market is expected to grow annually by 4.66% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$1.83bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$3,284.00 are generated in 2024.
In the Food market, 1.4% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 2,372.00m kg by 2029. The Food market is expected to show a volume growth of 1.5% in 2025.
The average volume per person in the Food market is expected to amount to 817.40kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and 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. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Lithuania has been experiencing minimal growth due to various factors. These include increasing consumer health awareness, convenience of online food services, and adoption of digital technologies. However, the sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, and Fruits & Nuts have seen steady growth. This can be attributed to the rising demand for healthy and sustainable food options. Other sub-markets such as Convenience Food and Spreads & Sweeteners have also shown growth, driven by busy lifestyles and changing dietary preferences. Despite the overall slow growth, The Food market in Lithuania is expected to continue expanding in the coming years.

Customer preferences: The current health and wellness trend in Lithuania has sparked a shift towards organic, locally-sourced, and sustainably produced food products. This is driven by a growing awareness of the impact of food choices on personal and environmental health. Additionally, there has been a rise in demand for plant-based and vegetarian options, as well as an increased focus on traditional, regional cuisines. This trend reflects a desire for more mindful and conscious consumption, as well as a deeper connection to cultural traditions and roots.

Trends in the market: In Lithuania, The Food market industry is experiencing a shift towards healthier and more sustainable options. This trend is driven by increasing consumer awareness and demand for organic, locally sourced, and plant-based products. This trajectory is significant as it reflects a growing interest in health and environmental issues among consumers. Stakeholders in the industry, such as producers and retailers, must adapt to these changing preferences and offer a wider range of healthier options. Additionally, there may be opportunities for new players to enter the market and cater to this demand. However, this trend also poses challenges for traditional players, who may need to revamp their product offerings and supply chain to remain competitive in the evolving market.

Local special circumstances: In Lithuania, The Food market is heavily influenced by the country's geographic location, with its proximity to the Baltic Sea and its fertile farmlands. This has led to a strong focus on locally sourced and organic products, catering to the growing demand for healthy and sustainable food options. Additionally, Lithuania's rich culinary traditions and cultural celebrations have shaped the food industry, with traditional dishes and ingredients playing a significant role in the market. The country's strict regulations on food safety and quality have also contributed to the market's stability and consumer trust in the products being offered.

Underlying macroeconomic factors: The Food market in Lithuania is heavily influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. The country's strong economic growth, low inflation rates, and stable currency have created a favorable environment for businesses to thrive. Additionally, the government's initiatives to improve food safety and quality standards have boosted consumer confidence and increased demand for premium food products. However, the market may face challenges due to rising labor costs and potential trade barriers in the global market.

Methodology

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.