Cooking Ingredients and Meals in Latvia

Cooking Ingredients and Meals in Latvia


After a period of significant upheaval, the Latvian market for cooking ingredients and meals is stabilising in 2024, as consumers finally experience a respite from the price shocks that defined 2022 and 2023. This period of high inflation was the dominant factor affecting consumer behaviour, but now, with prices levelling off or even declining due to sustained promotional activity, consumers are feeling some financial relief. However, despite this price stabilisation, economic stagnation continu...

Euromonitor International's Cooking Ingredients and Meals in Latvia report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in <|Year|> directly informs our forecasts to 2028, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Cooking Ingredients and Meals 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.


Cooking Ingredients and Meals in Latvia
Euromonitor International
November 2024
List Of Contents And Tables
COOKING INGREDIENTS AND MEALS IN LATVIA
EXECUTIVE SUMMARY
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
MARKET DATA
Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2019-2024
Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2019-2024
Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2019-2024
Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2020-2024
Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2021-2024
Table 7 Penetration of Private Label by Category: % Value 2019-2024
Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2019-2024
Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2024-2029
Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2024-2029
Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2024-2029
Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
EDIBLE OILS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Minimal growth in a challenging market landscape
Olive oil remains a niche category
Consistent demand for sunflower and rapeseed oils
PROSPECTS AND OPPORTUNITIES
Continued stability without major expansion expected
Olive oil shows potential through premiumisation and health appeal
Private label expected to capture greater market share in diverse segments
CATEGORY DATA
Table 13 Sales of Edible Oils by Category: Volume 2019-2024
Table 14 Sales of Edible Oils by Category: Value 2019-2024
Table 15 Sales of Edible Oils by Category: % Volume Growth 2019-2024
Table 16 Sales of Edible Oils by Category: % Value Growth 2019-2024
Table 17 NBO Company Shares of Edible Oils: % Value 2020-2024
Table 18 LBN Brand Shares of Edible Oils: % Value 2021-2024
Table 19 Distribution of Edible Oils by Format: % Value 2019-2024
Table 20 Forecast Sales of Edible Oils by Category: Volume 2024-2029
Table 21 Forecast Sales of Edible Oils by Category: Value 2024-2029
Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2024-2029
Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2024-2029
MEALS AND SOUPS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Stable growth amid economic pressures
Soup segment drives positive dynamics
Maxima's strategic expansion in private label soups
PROSPECTS AND OPPORTUNITIES
Gradual growth supported by expanding product range
Moderate but consistent demand for chilled and frozen pizzas
Strong consumer preference for freshness drives chilled meals
CATEGORY DATA
Table 24 Sales of Meals and Soups by Category: Volume 2019-2024
Table 25 Sales of Meals and Soups by Category: Value 2019-2024
Table 26 Sales of Meals and Soups by Category: % Volume Growth 2019-2024
Table 27 Sales of Meals and Soups by Category: % Value Growth 2019-2024
Table 28 NBO Company Shares of Meals and Soups: % Value 2020-2024
Table 29 LBN Brand Shares of Meals and Soups: % Value 2021-2024
Table 30 Distribution of Meals and Soups by Format: % Value 2019-2024
Table 31 Forecast Sales of Meals and Soups by Category: Volume 2024-2029
Table 32 Forecast Sales of Meals and Soups by Category: Value 2024-2029
Table 33 Forecast Sales of Meals and Soups by Category: % Volume Growth 2024-2029
Table 34 Forecast Sales of Meals and Soups by Category: % Value Growth 2024-2029
SAUCES, DIPS AND CONDIMENTS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Stabilisation following economic volatility
Shift from stock cubes to modern alternatives
Recipe sauces and speciality flavours drive growth
PROSPECTS AND OPPORTUNITIES
Flat growth in core categories, potential in niche segments
Ketchup and mayonnaise remain key products, despite evolving preferences
Private label gain momentum across product categories
CATEGORY DATA
Table 35 Sales of Sauces, Dips and Condiments by Category: Volume 2019-2024
Table 36 Sales of Sauces, Dips and Condiments by Category: Value 2019-2024
Table 37 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2019-2024
Table 38 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2019-2024
Table 39 Sales of Liquid Recipe Sauces by Type: % Value 2019-2024
Table 40 NBO Company Shares of Sauces, Dips and Condiments: % Value 2020-2024
Table 41 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2021-2024
Table 42 Distribution of Sauces, Dips and Condiments by Format: % Value 2019-2024
Table 43 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2024-2029
Table 44 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2024-2029
Table 45 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2024-2029
Table 46 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2024-2029
SWEET SPREADS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Positive momentum for a competitive market
Steady demand for jams despite cost challenges
Diet and nutrition trends show mixed impact on peanut butter
PROSPECTS AND OPPORTUNITIES
Gradual growth expected, driven by premiumisation and pricing
Honey faces challenges from artisanal competitors
Jams to remain a mainstay of the category
CATEGORY DATA
Table 47 Sales of Sweet Spreads by Category: Volume 2019-2024
Table 48 Sales of Sweet Spreads by Category: Value 2019-2024
Table 49 Sales of Sweet Spreads by Category: % Volume Growth 2019-2024
Table 50 Sales of Sweet Spreads by Category: % Value Growth 2019-2024
Table 51 NBO Company Shares of Sweet Spreads: % Value 2020-2024
Table 52 LBN Brand Shares of Sweet Spreads: % Value 2021-2024
Table 53 Distribution of Sweet Spreads by Format: % Value 2019-2024
Table 54 Forecast Sales of Sweet Spreads by Category: Volume 2024-2029
Table 55 Forecast Sales of Sweet Spreads by Category: Value 2024-2029
Table 56 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2024-2029
Table 57 Forecast Sales of Sweet Spreads by Category: % Value Growth 2024-2029

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