The Lithuanian fermented milk products market experienced varied trends from 2013 to 2023. The per capita volume peaked in 2017 at 22.89 kg, with a general increase from 2013. Post-2018, a decline was observed, stabilizing around 21.5 kg by 2022 and reaching 21.67 kg in 2023. The year-on-year changes highlight a stabilization phase over recent years, with a modest increase of 0.79% from 2022 to 2023. Over the last five years, compound annual growth rate (CAGR) indicates a slight decrease, pointing towards market plateauing.
Future trends to watch for:
- Potential for innovation in product varieties and health-oriented options.
- Impact of economic factors and shifts in consumer preferences.
- Regulations and sustainability trends affecting production methods.
How does Lithuania rank in Fermented Milk Products Market Size Volume Per Capita?
| # | 18 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 25.13 | 2023 | View data | ||
| 2 | 2 Estonia | 24.35 | 2023 | View data | ||
| 3 | 3 Latvia | 23.02 | 2023 | View data | ||
| 4 | 4 Lithuania | 21.67 | 2023 | |||
| 5 | 5 Croatia | 18.28 | 2023 | View data | ||
| 6 | 6 Slovenia | 15.98 | 2023 | View data | ||
