Over the forecast period, meals and soups is expected to continue outperforming the general average growth rate. Manufacturers are actively engaged, introducing innovations, whilst consumer demand remains strong.
Shelf stable soup should record solid growth over the forecast years, with two major players, Kedainiu Konservu Fabrikas and Auga, remaining committed to the market by expanding their product portfolios, significantly contributing to overall market growth. Maxima has introduced its Extra Line of private label soups within this category, although its performance is uncertain as consumers may have reservations about the quality.
Major players in the shelf stable soup market are expected to increase their investment in shelf stable meals, a category that is also experiencing robust growth. Kedainiu Konservu Fabrikas and Auga have clearly defined their niches within the market, with the former focusing on traditional regional meals, whilst the latter is strong in the premium segment, specialising in vegan, organic, and natural products.
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Understand the latest market trends and future growth opportunities for the Meals and Soups 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 Meals and Soups 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.
Meals and Soups
This is the aggregation of ready meals, pizza, food kits, prepared salads, and soup. Includes: These are products that have had recipe 'skills' added to them by the manufacturer, resulting in a high degree of readiness, completion and convenience. Food kits is an exception where typically the extent of preparation is much shorter than other meal products; includes meal kits where consumers are to put together pre-portioned ingredients and cook with the guidance of recipe cards. Ready meals are generally accepted to be complete meals that require few or no extra ingredients. However, in the case of shelf stable ready meals, the term also encompasses meal 'centres’; for food kits, they do require a degree of cooking and preparation. As such, some meals may require cooking (ready-to-cook); others may simply need reheating, prior to serving (ready-to-eat). Excludes: Any products sold unpackaged and/or by weight, including food sold from a retail deli counter.
See all of our definitionsThis report originates from Passport, our Meals and Soups research and analysis database.
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