In Lithuania, the margarine market has seen notable fluctuations from 2013 to 2023, with the volume reaching 6.9423 million kilograms in 2023. Initially, a steady decline was observed from 2013 to 2017, with significant year-on-year decreases all exceeding 4%. There was a minor resurgence in 2021 with a growth rate of almost 13%. However, the market experienced a dramatic decrease in 2022 by nearly 24%, continuing its decline into 2023 with a 6.6% decrease. Over the last five years, the compound annual growth rate (CAGR) shows an average annual decrease of 5.85%.
Future trends to watch for include:
- Market adaptability to health trends and consumer preferences shifting away from margarine consumption.
- Potential market stabilization or further decline influenced by health-conscious trends and competitive alternatives.
- Impact of economic factors and inflation on consumer buying power and the demand for margarine.
How does Lithuania rank in Margarine Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 328,310,000 | 2023 | +1.93% | +3.12% | View data |
| 2 | 2 Germany | 294,410,000 | 2023 | -4.05% | -4.65% | View data |
| 3 | 3 France | 201,770,000 | 2023 | -4.31% | -5.16% | View data |
| 4 | 4 Italy | 129,300,000 | 2023 | -0.95% | -1.18% | View data |
| 5 | 5 Hungary | 63,221,000 | 2023 | +0.49% | +0.5% | View data |
| 8 | 8 Finland | 37,830,000 | 2023 | +1.77% | +0.65% | View data |
| 9 | 9 Croatia | 17,808,000 | 2023 | +2.59% | +0.73% | View data |
| 10 | 10 Lithuania | 6,942,300 | 2023 | -6.6% | -5.85% | |
