Key Market Indicators
Lithuanian food expenditures are projected to reach €7.9 billion by 2028, up from €7.2 billion in 2023, marking an average annual growth rate of 1.6%. Since 2000, the country's food demand has seen a yearly increase of 5.8%. In 2023, Lithuania ranked 24th in food expenditures, with Serbia slightly ahead at €7.2 billion. Leading the pack were France, Italy, and the United Kingdom, occupying the second, third, and fourth positions, respectively. On the sales front, Lithuanian food sales are expected to hit €5.1 billion by 2028, rising from €4.5 billion in 2023. This represents an average yearly growth rate of 1.8%. Since 2010, the Lithuanian market has grown at a rate of 3.3% per year. In 2023, Lithuania ranked 23rd in food sales, just behind Bulgaria at €4.5 billion. France, Italy, and Spain were the top three in this category, respectively.
