Cooking ingredients and meals in 2024: The big picture
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.
Key trends in 2024
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.
Competitive landscape
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.
Channel developments
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.
What next for cooking ingredients and meals?
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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Overview:
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.
The Cooking Ingredients and Meals in Lithuania report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Cooking Ingredients and Meals in Lithuania?
- Which are the leading brands in Cooking Ingredients and Meals in Lithuania?
- How are products distributed in Cooking Ingredients and Meals in Lithuania?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Cooking Ingredients and Meals?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Lithuania?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Cooking Ingredients and Meals in Lithuania
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
Edible Oils in Lithuania
KEY DATA FINDINGS
A challenging market environment in 2024
Decline in olive oil as prices surge
Vegetable oil sales impacted by health and wellness concerns
Stable volume sales in a mature product area
Olive oil growth as price-related volatility settles
Private label expansion
Meals and Soups in Lithuania
KEY DATA FINDINGS
Consumers appreciate the convenience of meals and soup
Mixed performance in soups
Pizza promotions
Healthy growth supported by innovation and improved reputation
Solid shelf stable soups
Focus on shelf stable meals
Sauces, Dips and Condiments in Lithuania
KEY DATA FINDINGS
Positive year following disruptions of pandemic and energy crisis
Recipe sauces gaining ground
Local players continue to lead in 2024
Growth expected with shifts in consumer preferences
Recipe sauces to continue to perform well
Popularity of Italian and Asian cuisine drives growth of pasta sauce and soy sauce
Sweet Spreads in Lithuania
KEY DATA FINDINGS
Rising demand despite popularity of home-made jams
Local players continue to lead
Honey remains popular in 2024
Rising demand with major players invested in expanding the category
Chocolate spreads viewed more as a dessert
Peanut butter to benefit from being a healthier option
The following categories and subcategories are included:
Cooking Ingredients and Meals
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- Olive Oil
- Corn Oil
- Palm Oil
- Rapeseed Oil
- Soy Oil
- Sunflower Oil
- Other Edible Oil
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- Dried Ready Meals
- Shelf Stable Ready Meals
- Chilled Ready Meals
- Frozen Ready Meals
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- Dry Soup
- Shelf Stable Soup
- Chilled Soup
- Frozen Soup
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- Chilled Pizza
- Frozen Pizza
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- Meal Kits
- Quick Recipe Kits
- Chilled Lunch Kits
- Prepared Salads
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
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- Honey
- Chocolate Spreads
- Jams and Preserves
- Nut and Seed Based Spreads
Why buy this report?
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- Track key industry trends, opportunities and threats
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This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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