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Oil & Fat Production in Lithuania Industry Data and Analysis
Health-consciousness and sustainability have established themselves as increasingly critical pillars shaping the European Vegetable and Animal Oil and Fat Production industry. Oil and fat processors have been challenged with adapting to EU regulations favouring sustainable farming and production practices. Consumers' swelling health consciousness has also influenced product development and diversification. These shifts, coupled with sticky inflation, have curbed oil and fat sales. Over the five years through 2025, revenue is expected to climb at a compound annual rate of 6%, including a projected slump of 1.4% in 2025, to reach €112.4 billion. Unprecedented growth was achieved over the two years through 2022, propelled by record-high prices for staples like palm, rapeseed and sunflower oils amid global supply chain bottlenecks and the fallout from Russia’s invasion of Ukraine. Established producers, particularly those vertically integrated, like ADM, Wilmar and Cargill, seized on these market conditions to boost profit, despite only modest changes in production volumes.
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What's included in this industry analysis
IBISWorld's research coverage on the Oil & Fat Production industry in Lithuania includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Oil & Fat Production industry in Lithuania operates under the industry code LT-C104. Industry operators process oils and manufacture crude and refined vegetable oils. They also manufacture non-edible animal oils and fats, extract fish oils and process the residual products of oil production. Related terms covered in the Oil & Fat Production industry in Lithuania include refining, cold pressing and hydrogenation.
What's included in this industry?
Products and services covered in Oil & Fat Production industry in Lithuania include Palm oil, Rapeseed oil and Sunflower oil.
What companies are included in this industry?
The Oil & Fat Production industry in Lithuania is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Oil & Fat Production industry in Lithuania.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Oil & Fat Production industry in Lithuania.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Oil & Fat Production industry in Lithuania.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Oil & Fat Production industry in Lithuania. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Oil & Fat Production industry in Lithuania. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Oil & Fat Production industry in Lithuania. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Oil & Fat Production industry in Lithuania. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Oil & Fat Production industry in Lithuania.
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Frequently Asked Questions
What is the market size of the Oil & Fat Production industry in Lithuania in 2026?
The market size of the Oil & Fat Production industry in Lithuania is €40.4m in 2026.
How many businesses are there in the Oil & Fat Production industry in Lithuania in 2025?
There are 26 businesses in the Oil & Fat Production industry in Lithuania, which has declined at a CAGR of 0.0 % between 2020 and 2025.
Has the Oil & Fat Production industry in Lithuania grown or declined over the past 5 years?
The market size of the Oil & Fat Production industry in Lithuania has been declining at a CAGR of 1.1 % between 2020 and 2025.
What is the forecast growth of the Oil & Fat Production industry in Lithuania over the next 5 years?
Over the next five years, the Oil & Fat Production industry in Lithuania is expected to grow.
What does the Oil & Fat Production industry in Lithuania include?
Palm oil and Rapeseed oil are part of the Oil & Fat Production industry in Lithuania.
How competitive is the Oil & Fat Production industry in Lithuania?
The level of competition is moderate and decreasing in the Oil & Fat Production industry in Lithuania.
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