In Lithuania, the baby food preparations market value per capita increased to 3.5 Euros in 2023. Between 2022 and 2023, the market saw a year-on-year growth of 1.74%. This represents a moderate upward trend compared to the 0% change noted between 2021 and 2022. Over the past five years, starting from 2018, the compound annual growth rate (CAGR) was approximately 4.18%, indicating a consistent growth momentum. The market has shown resilience with fluctuations in preceding years, maintaining over 3 Euros per capita from 2019 onwards.
Looking ahead, factors such as demographic shifts, increased awareness of infant nutrition, and innovations in product offerings could shape growth. Observing consumer preferences towards organic products and the impact of economic conditions will be crucial in forecasting future trends.
