The condensed milk market in Lithuania has seen a steady increase in per capita consumption from 2.11 kg in 2013 to 2.24 kg in 2023. The consumption saw minor fluctuations between 2014 and 2016 and significant growth, particularly from 2020 onwards. The last two years experienced marginal stabilization with a slight decrease of 0.89% in 2022, followed by a 0.45% increase in 2023. The compound annual growth rate (CAGR) over the past five years has been consistently positive, reflecting a modest increase in consumer demand.
Future trends to watch for include shifts in consumer preferences towards healthier or alternative sweetened dairy products, regulatory impacts on dairy imports, and potential innovations in spray-drying technology impacting the local production capabilities. The impact of emerging market dynamics and sustainability trends could further shape this market in coming years.
