The bottled water market in Lithuania has shown a fluctuating yet overall positive growth from 2013 to 2023. The market value stood at 70.173 million Euros in 2023, indicating a steady rise. Notably, after a dip in 2020, where the market contracted by 6.03%, it rebounded in subsequent years with modest but steady growth, achieving a year-on-year growth of 1.7% by 2023. Analyzing the CAGR over the last five years, the average annual growth rate was 2.71%.
Future trends to watch for:
- Growing consumer health consciousness may drive higher demand for premium and functional bottled water.
- Increasing environmental concerns could lead to a shift towards eco-friendly packaging solutions.
- Potential market disruptions from new entrants or advanced water purification technologies.
How does Lithuania rank in Bottled Water Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,840,400,000 | 2023 | +2.05% | +1.46% | View data |
| 2 | 2 Italy | 3,614,000,000 | 2023 | +1.54% | +0.13% | View data |
| 3 | 3 Spain | 1,811,400,000 | 2023 | +1.72% | +0.36% | View data |
| 4 | 4 United Kingdom | 1,095,200,000 | 2023 | +2.3% | +1.3% | View data |
| 5 | 5 Poland | 1,079,000,000 | 2023 | +2.1% | +2.09% | View data |
| 13 | 13 Slovakia | 107,610,000 | 2023 | +1.02% | +0.3% | View data |
| 14 | 14 Finland | 102,470,000 | 2023 | -0.54% | +4.68% | View data |
| 15 | 15 Lithuania | 70,173,000 | 2023 | +1.7% | +2.71% | |
| 16 | 16 Latvia | 56,671,000 | 2023 | +3.78% | +0.73% | View data |
| 17 | 17 Denmark | 49,020,000 | 2023 | -4.63% | -1.88% | View data |
