Cooking ingredients and meals is expected to register moderate value and volume growth in Lithuania in 2024. With the price-related turmoil of 2022-2023 over, sales in the category are returning to normal.
Olive oil is experiencing significant decline in 2024 due to soaring prices resulting from global harvest issues. Vegetable oil has failed to capitalise on this opportunity, facing pressure from competing categories such as butter, which has gained popularity among Lithuanian consumers.
Local companies, as well as private label, continue to have a significant value share in cooking ingredients and meals in Lithuania in 2024. Kedainiu Konservu Fabrikas UAB leads and gains further value share in 2024 thanks to aggressive marketing, an enhanced product range and constant promotions.
Supermarkets, hypermarkets, convenience stores and discounters dominate sales of cooking ingredients and meals in Lithuania. Also, the vast majority of sales are generated by major chained retailers such as Maxima, Rimi, Iki and Lidl.
Cooking ingredients and meals in Lithuania is expected to record moderate growth during the forecast period, with sales of olive oil recovering once the price turmoil subsides. Recipe sauces are set to remain the leading growth area in sauces and condiments as they are well received by Lithuanian consumers, and manufacturers are expected to continue their efforts to further enhance the category over the forecast period.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Lithuania with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Lithuania, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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