The fermented milk products market in Lithuania displayed fluctuating growth over the past decade. From 2013 to 2023, the market volume increased from 55.186 to 62.351 million kilograms, indicating modest overall growth. Notably, over the last two years, volumes increased by 2.34% in 2022 and 2.25% in 2023. However, the 5-year compound annual growth rate (CAGR) was slightly negative at -0.41%, reflecting a stagnation in growth.
Future trends to watch for:
- Potential expansion in product variety and health-oriented offerings could drive market growth.
- Increasing health consciousness may boost demand for functional fermented milk products.
- Sustainability trends might influence production and packaging practices within the industry.
How does Lithuania rank in Fermented Milk Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
| 2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
| 3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
| 4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
| 5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | View data |
| 9 | 9 Austria | 97,769,000 | 2023 | +2.59% | +1.91% | View data |
| 10 | 10 Croatia | 72,985,000 | 2023 | +1.4% | +1.54% | View data |
| 11 | 11 Lithuania | 62,351,000 | 2023 | +2.25% | -0.41% | |
| 12 | 12 Denmark | 57,883,000 | 2023 | -0.00013% | +3.44% | View data |
| 13 | 13 Finland | 54,007,000 | 2023 | -0.82% | +0.71% | View data |
