Business Monitor International


Lithuania Food & Drink Report

Published 04 December 2013

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Lithuania Food & Drink Report

Lithuania has finally escaped the most severe economic crisis over the past decade. The post-downturn period will be marked by modest economic expansion, with forecast real GDP growth of 3.4% in 2013 and 3.6% in 2014. Recovering consumer optimism will be mitigated by persisting high unemployment levels and continued government austerity measures. High emigration levels and negative natural population growth will set the country's 3m population on the decline, which will become a fundamental obstacle for food and drink industry expansion over the longer term.

Headline Industry Data (local currency)

  • Per capita food consumption growth in 2013: +2.68%; compound annual growth rate (CAGR) to 2017: +4.00%

  • Alcoholic drinks sales value growth in 2013: -0.55%; CAGR to 2017: +4.14%

  • Total mass grocery retail sales growth in 2013: +1.89%; CAGR to 2017: +6.29%

Key Company Trends

Zemaitijos Pienas To Establish UK Cheese Brand: Lithuanian cheesemaker Zemaitijos Pienas is to open a chain of cheese cafes in and around London, according to The Grocer. The cafes will operate under its Dziugashouse brand, and sell a range of cheeses, in addition to other consumables including ice cream and chocolate. The launch follows the company's decision to establish a sales office in the UK earlier in 2013.

Polish Frozen And Chilled Ready Meals Company Targeting Lithuania: In November 2012, local press reported that Polish company U Jedrusia, which deals in the manufacturing and distribution of frozen and chilled ready meals, is planning to expand to the Baltic region. The company reportedly is targeting Lithuania first, focusing on the less developed sector of chilled ready meals. U Jedrusia will reportedly partner with retailer Maxima in order to gain maximum exposure to consumers.

Vilniaus Degtine Posts Strong H112 Performance: One of the most prominent alcoholic drinks manufactures in Lithuania, Vilniaus Degtine, posted a 38.9% year-on-year (y-o-y) increase in sales in H112. In...

The Lithuania Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Lithuania Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Lithuania.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Lithuania to test other views - a key input for successful budgeting and strategic business planning in the Lithuanian food and drink market.
  • Target business opportunities and risks in Lithuania through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Ratings

BMI's Food & Drink Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc