The Margarine and Low Fat Spreads Market in Lithuania has consistently declined over the past decade, reaching a low of 5.8197 million kilograms in 2023. The market experienced a notable downfall since 2013, with significant year-on-year decreases, particularly in 2022 and 2023, which saw reductions of 17.47% and 7.29% respectively. The compound annual growth rate (CAGR) over the last five years was a decrease of 5.47%, indicating a persistent downward trend.
Looking ahead, future trends to watch include:
- Growing consumer preference towards health-conscious and plant-based alternatives, potentially reducing demand further.
- Innovations in product formulation to address health trends, possibly stabilizing or reversing market decline.
- Economic factors and changing consumer purchasing power impacting market volume.
| # | 12 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 250,940,000 | 2023 | -4.85% | -4.17% | View data |
| 2 | 2 Italy | 107,240,000 | 2023 | -1.56% | -1.65% | View data |
| 3 | 3 France | 100,990,000 | 2023 | -4.79% | -4.28% | View data |
| 4 | 4 Netherlands | 78,031,000 | 2023 | -4.18% | -3.67% | View data |
| 5 | 5 Belgium | 54,993,000 | 2023 | -2.09% | -1.03% | View data |
| 10 | 10 Denmark | 22,108,000 | 2023 | -5.3% | -3.67% | View data |
| 11 | 11 Croatia | 7,290,400 | 2023 | -5.85% | -5.66% | View data |
| 12 | 12 Lithuania | 5,819,700 | 2023 | -7.29% | -5.47% | |
