The Butter and Dairy Spreads Market in Lithuania has shown consistent growth from 2013 to 2023, reaching a market size of 107.32 million euros in 2023. Over the last decade, the market experienced fluctuations, with significant increases in 2017 and 2020. The compound annual growth rate (CAGR) over the last 5 years stands at 6.05%, indicating a healthy expansion.
Recent year-on-year analysis shows a recovery with a 7.12% increase in 2022 and a 5.83% rise in 2023, following a decline in 2021. This demonstrates a positive momentum, though the growth rate is moderately slowing compared to earlier years.
Future trends to watch for:
- Continued innovation in health-oriented and sustainable dairy products.
- Potential impacts of global economic shifts on consumer spending and preferences.
- Increasing interest in plant-based and lactose-free alternatives as consumer preferences evolve.
How does Lithuania rank in Butter and Dairy Spreads Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,073,200,000 | 2023 | -0.87% | -0.24% | View data |
| 2 | 2 Austria | 417,950,000 | 2023 | +2.9% | +1.3% | View data |
| 3 | 3 Czech Republic | 399,910,000 | 2023 | +2.58% | +1.38% | View data |
| 4 | 4 Ireland | 292,460,000 | 2023 | -5.05% | -4.6% | View data |
| 5 | 5 Romania | 231,970,000 | 2023 | +4.62% | +5.36% | View data |
| 8 | 8 Finland | 135,380,000 | 2023 | +1.01% | -1.75% | View data |
| 9 | 9 Hungary | 108,520,000 | 2023 | +3.01% | +1.67% | View data |
| 10 | 10 Lithuania | 107,320,000 | 2023 | +5.83% | +6.05% | |
| 11 | 11 Sweden | 90,466,000 | 2023 | +1.99% | -0.26% | View data |
| 12 | 12 Croatia | 87,352,000 | 2023 | +2.69% | +1.9% | View data |
