Off-trade sales declined in 2023, with concentrates being a relatively small category in Latvia, which registered minimal growth over the review period. While its performance was positive in 2020, with people spending more time at home, sales began to decline in 2021, and this continued in 2022 and 2023. Once society completely reopened, consumers opted for RTD on-the-go soft drinks, as they were out and about more, and this negatively impacted demand for concentrates.
Euromonitor International's Concentrates in Latvia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2019-2023), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution, packaging or pricing issues. Forecasts to 2028 illustrate how the market is set to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Concentrates market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Concentrates in Latvia
Euromonitor International
January 2024
List Of Contents And Tables
CONCENTRATES IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Ongoing decline in off-trade volume sales as concentrates fail to appeal
Premium offerings add value to the landscape, aligning with eco and health trends
Sports drinks concentrates benefit from a greater level of innovation
PROSPECTS AND OPPORTUNITIES
Health trends see liquid concentrates fare better than powder concentrates
Focus on healthier positioning diminishes the use of syrups in concentrates
Affordable price points will remain an advantage for concentrates
CATEGORY DATA
Concentrates Conversions
Summary 1 Concentrates Conversion Factors for Ready-to-Drink (RTD) Format
Table 1 Off-trade Sales of Concentrates (RTD) by Category: Volume 2018-2023
Table 2 Off-trade Sales of Concentrates by Category: Value 2018-2023
Table 3 Off-trade Sales of Concentrates (RTD) by Category: % Volume Growth 2018-2023
Table 4 Off-trade Sales of Concentrates by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Off-trade Concentrates (RTD): % Volume 2019-2023