In 2023, the sugar confectionery market in Lithuania reached a size of 52.944 million Euros. Over the past decade, the market witnessed fluctuating growth with significant increments in early years, particularly from 2014 to 2016. In recent years, the market has seen steady yet modest growth, with a year-on-year increase of approximately 3.29% by 2023. The five-year CAGR stood at 3.68%, indicating healthy growth following earlier fluctuations.
Future trends to watch for include:
- Increased consumer preference for healthier alternatives, potentially impacting traditional sugar confectionery sales.
- Emergence of innovative products with unique flavors and natural ingredients.
- Effect of regulatory changes related to sugar consumption on market dynamics.
- Technological advancements in production and supply chain improvements.
- Potential impact of economic factors and consumer spending on discretionary purchases like sweets.
How does Lithuania rank in Sugar Confectionery Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,907,600,000 | 2023 | +0.91% | +2.04% | View data |
| 2 | 2 Germany | 1,812,100,000 | 2023 | -1.35% | -4.45% | View data |
| 3 | 3 Italy | 1,389,600,000 | 2023 | -0.29% | -0.4% | View data |
| 4 | 4 France | 1,201,900,000 | 2023 | -1.53% | -1.28% | View data |
| 5 | 5 Spain | 972,420,000 | 2023 | +1.47% | +0.93% | View data |
| 13 | 13 Greece | 129,290,000 | 2023 | +0.84% | -0.42% | View data |
| 14 | 14 Croatia | 64,369,000 | 2023 | +2.26% | +2.77% | View data |
| 15 | 15 Lithuania | 52,944,000 | 2023 | +3.29% | +3.68% | |
| 16 | 16 Estonia | 40,566,000 | 2023 | +3.39% | +3.39% | View data |
| 17 | 17 Bulgaria | 38,992,000 | 2023 | +1.79% | -0.02% | View data |
