Key Market Indicators
The baked goods market is projected to reach approximately €352 million by 2028, up from around €320 million in 2023. This marks a steady average annual growth rate of 1.5%. Notably, the market experienced a 2.4% year-on-year increase recently. Italy, the United Kingdom, and France hold the second, third, and fourth positions respectively in this market ranking. Meanwhile, Lithuanian bread exports are expected to soar to about $161 million by 2028, rising from $137 million in 2023. This represents an annual compound growth rate of 2.6%. Since 1999, Lithuania's bread supply has seen a consistent year-on-year increase of 3.7%. In terms of imports, Lithuanian bread imports are anticipated to reach nearly $146 million by 2028, climbing from $125 million in 2023. This indicates an average yearly growth rate of 2.5%. Since 1999, the demand for bread imports in Lithuania has grown by 3.3% annually.
