In Lithuania, the margarine market has observed a consistent decline in market size value from 2013 to 2023, with 2023 standing at approximately 13.905 million euros. This shrinkage is marked by a yearly downward trend, highlighted by a year-on-year decrease rate of around 3.37% in 2023. Over the past five years, the market's compound annual growth rate (CAGR) averaged a negative 3.25%. Notably, the market faced its steepest drop between 2014 and 2015, while the decline has somewhat stabilized in recent years.
Looking ahead, market players should closely monitor consumer preferences shifting toward health-conscious alternatives, potential policy changes affecting margarine compositions, and increased competition from plant-based and butter-based spreads, which may continue to impact growth trajectories.
How does Lithuania rank in Margarine Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 605,400,000 | 2023 | -1.07% | -3.8% | View data |
| 2 | 2 Germany | 401,480,000 | 2023 | -10.56% | -8.74% | View data |
| 3 | 3 Netherlands | 302,850,000 | 2023 | -5% | -3.54% | View data |
| 4 | 4 Italy | 262,370,000 | 2023 | -0.28% | +0.89% | View data |
| 5 | 5 Denmark | 95,850,000 | 2023 | -0.92% | -1.24% | View data |
| 8 | 8 Bulgaria | 40,825,000 | 2023 | -1.76% | -1.43% | View data |
| 9 | 9 Croatia | 29,620,000 | 2023 | -2.59% | -3.53% | View data |
| 10 | 10 Lithuania | 13,905,000 | 2023 | -3.37% | -3.25% | |
