Dairy Products and Alternatives in Latvia

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	61 Pages	Euromonitor International	September, 2023	EP18215251

Best Price Guarantee
Price	from $2,100
Length	61 Pages
Publisher	Euromonitor International
Published Date	September, 2023
SKU	EP18215251

Dairy Products and Alternatives in Latvia

A sharp rise in price inflation as a result of the pandemic and the war in Ukraine led to higher costs in energy, logistics, animal feed and key food ingredients in 2022, which translated into significant price increases for dairy and alternatives. After peaking in 2022, price increases are slowing in 2023; however, volume sales in the year are impacted by economic uncertainty in the country, which has lowered consumer confidence and purchasing power. Whilst products that are deemed to be essent...

Euromonitor International's Dairy Products and Alternatives 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 2018-2022, 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 2027, clearly indicating how the market is expected to change.

Product coverage: Baby Food, Dairy, Plant-based Dairy.

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

Why buy this report?
* Get a detailed picture of the Dairy Products and Alternatives 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

Dairy Products and Alternatives in Latvia
Euromonitor International
September 2023
List Of Contents And Tables
DAIRY PRODUCTS AND ALTERNATIVES IN LATVIA
EXECUTIVE SUMMARY
Dairy products and alternatives in 2023: The big picture
Key trends in 2023
Competitive Landscape
Channel developments
What next for dairy products and alternatives?
MARKET DATA: Table 1 Sales of Dairy Products and Alternatives by Category: Value 2018-2023; Table 2 Sales of Dairy Products and Alternatives by Category: % Value Growth 2018-2023; Table 3 NBO Company Shares of Dairy Products and Alternatives: % Value 2019-2023; Table 4 LBN Brand Shares of Dairy Products and Alternatives: % Value 2020-2023; Table 5 Penetration of Private Label by Category: % Value 2018-2023; Table 6 Distribution of Dairy Products and Alternatives by Format: % Value 2018-2023; Table 7 Forecast Sales of Dairy Products and Alternatives by Category: Value 2023-2028; Table 8 Forecast Sales of Dairy Products and Alternatives by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
BABY FOOD IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Volume sales continue to fall as birth rates decline and prices rise
The market is open to innovation
International companies lead due to economies of scale and capacity to produce highest-quality products
PROSPECTS AND OPPORTUNITIES
Decreasing birth rate to continue to hamper growth
Rising popularity of organic products
Special baby milk formula has growth potential
CATEGORY DATA: Table 9 Sales of Baby Food by Category: Volume 2018-2023; Table 10 Sales of Baby Food by Category: Value 2018-2023; Table 11 Sales of Baby Food by Category: % Volume Growth 2018-2023; Table 12 Sales of Baby Food by Category: % Value Growth 2018-2023; Table 13 NBO Company Shares of Baby Food: % Value 2019-2023; Table 14 LBN Brand Shares of Baby Food: % Value 2020-2023; Table 15 Distribution of Baby Food by Format: % Value 2018-2023; Table 16 Forecast Sales of Baby Food by Category: Volume 2023-2028; Table 17 Forecast Sales of Baby Food by Category: Value 2023-2028; Table 18 Forecast Sales of Baby Food by Category: % Volume Growth 2023-2028; Table 19 Forecast Sales of Baby Food by Category: % Value Growth 2023-2028
BUTTER AND SPREADS IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Slowed inflation lowers butter’s unit price
Local Tukuma Piens remains unrivalled thanks to its leading Baltais brand
Private label growth in a time of economic instability and declining purchasing power
PROSPECTS AND OPPORTUNITIES
Butter will continue to stagnate
Innovative products generate interest
Growth of discounters and private label
CATEGORY DATA: Table 20 Sales of Butter and Spreads by Category: Volume 2018-2023; Table 21 Sales of Butter and Spreads by Category: Value 2018-2023; Table 22 Sales of Butter and Spreads by Category: % Volume Growth 2018-2023; Table 23 Sales of Butter and Spreads by Category: % Value Growth 2018-2023; Table 24 NBO Company Shares of Butter and Spreads: % Value 2019-2023; Table 25 LBN Brand Shares of Butter and Spreads: % Value 2020-2023; Table 26 Distribution of Butter and Spreads by Format: % Value 2018-2023; Table 27 Forecast Sales of Butter and Spreads by Category: Volume 2023-2028; Table 28 Forecast Sales of Butter and Spreads by Category: Value 2023-2028; Table 29 Forecast Sales of Butter and Spreads by Category: % Volume Growth 2023-2028; Table 30 Forecast Sales of Butter and Spreads by Category: % Value Growth 2023-2028
CHEESE IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
High prices and economic uncertainty result in stagnation in 2023
Spreadable cheese is gaining momentum
Local players continue to dominate due to rich historical traditions
PROSPECTS AND OPPORTUNITIES
Slight growth as inflation declines
Private label share growth as consumers seek to make savings
Traditional cheeses are the basis of sales
CATEGORY DATA: Table 31 Sales of Cheese by Category: Volume 2018-2023; Table 32 Sales of Cheese by Category: Value 2018-2023; Table 33 Sales of Cheese by Category: % Volume Growth 2018-2023; Table 34 Sales of Cheese by Category: % Value Growth 2018-2023; Table 35 Sales of Spreadable Processed Cheese by Type: % Value 2018-2023; Table 36 NBO Company Shares of Cheese: % Value 2019-2023; Table 37 LBN Brand Shares of Cheese: % Value 2020-2023; Table 38 Distribution of Cheese by Format: % Value 2018-2023; Table 39 Forecast Sales of Cheese by Category: Volume 2023-2028; Table 40 Forecast Sales of Cheese by Category: Value 2023-2028; Table 41 Forecast Sales of Cheese by Category: % Volume Growth 2023-2028; Table 42 Forecast Sales of Cheese by Category: % Value Growth 2023-2028
DRINKING MILK PRODUCTS IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Demand stagnates due to high prices
Local players lead thanks to their quality and affordability
Private label appeals to price-sensitive consumers
PROSPECTS AND OPPORTUNITIES
Price stability expected
Plant-based milk as an alternative to cow’s milk
Seasonality impacts flavoured milk drinks
CATEGORY DATA: Table 43 Sales of Drinking Milk Products by Category: Volume 2018-2023; Table 44 Sales of Drinking Milk Products by Category: Value 2018-2023; Table 45 Sales of Drinking Milk Products by Category: % Volume Growth 2018-2023; Table 46 Sales of Drinking Milk Products by Category: % Value Growth 2018-2023; Table 47 NBO Company Shares of Drinking Milk Products: % Value 2019-2023; Table 48 LBN Brand Shares of Drinking Milk Products: % Value 2020-2023; Table 49 Distribution of Drinking Milk Products by Format: % Value 2018-2023; Table 50 Forecast Sales of Drinking Milk Products Products by Category: Volume 2023-2028; Table 51 Forecast Sales of Drinking Milk Products Products by Category: Value 2023-2028; Table 52 Forecast Sales of Drinking Milk Products Products by Category: % Volume Growth 2023-2028; Table 53 Forecast Sales of Drinking Milk Products Products by Category: % Value Growth 2023-2028
YOGHURT AND SOUR MILK PRODUCTS IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Waning demand for non-essential products
Demand for health-boosting products
Tukuma Piens AS leads with innovative products and strong advertising campaigns
PROSPECTS AND OPPORTUNITIES
Stable demand as high price rises are not expected
Growing importance of health and wellness
Local producers set to maintain their lead
CATEGORY DATA: Table 54 Sales of Yoghurt and Sour Milk Products by Category: Volume 2018-2023; Table 55 Sales of Yoghurt and Sour Milk Products by Category: Value 2018-2023; Table 56 Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2018-2023; Table 57 Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2018-2023; Table 58 NBO Company Shares of Yoghurt and Sour Milk Products: % Value 2019-2023; Table 59 LBN Brand Shares of Yoghurt and Sour Milk Products: % Value 2020-2023; Table 60 Distribution of Yoghurt and Sour Milk Products by Format: % Value 2018-2023; Table 61 Forecast Sales of Yoghurt and Sour Milk Products by Category: Volume 2023-2028; Table 62 Forecast Sales of Yoghurt and Sour Milk Products by Category: Value 2023-2028; Table 63 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Volume Growth 2023-2028; Table 64 Forecast Sales of Yoghurt and Sour Milk Products by Category: % Value Growth 2023-2028
OTHER DAIRY IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Ongoing challenges for other dairy in 2023
Staples remain in demand
Local players Tukuma Piens and Valmieras Piens maintain their lead
PROSPECTS AND OPPORTUNITIES
Future demand for items perceived to be essential
Innovation with a focus on good health and wellness
Unhealthy image impacts condensed milk
CATEGORY DATA: Table 65 Sales of Other Dairy by Category: Volume 2018-2023; Table 66 Sales of Other Dairy by Category: Value 2018-2023; Table 67 Sales of Other Dairy by Category: % Volume Growth 2018-2023; Table 68 Sales of Other Dairy by Category: % Value Growth 2018-2023; Table 69 NBO Company Shares of Other Dairy: % Value 2019-2023; Table 70 LBN Brand Shares of Other Dairy: % Value 2020-2023; Table 71 Distribution of Other Dairy by Format: % Value 2018-2023; Table 72 Forecast Sales of Other Dairy by Category: Volume 2023-2028; Table 73 Forecast Sales of Other Dairy by Category: Value 2023-2028; Table 74 Forecast Sales of Other Dairy by Category: % Volume Growth 2023-2028; Table 75 Forecast Sales of Other Dairy by Category: % Value Growth 2023-2028
PLANT-BASED DAIRY IN LATVIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Growth from a low base
Imported brands dominate plant-based dairy
Discounters expanding their plant-based ranges to attract price-sensitive consumers
PROSPECTS AND OPPORTUNITIES
Further growth potential
Plant-based dairy is open to new players
Leader Alpro’s share may decline as competition intensifies
CATEGORY DATA: Table 76 Sales of Plant-Based Dairy by Category: Value 2018-2023; Table 77 Sales of Plant-Based Dairy by Category: % Value Growth 2018-2023; Table 78 NBO Company Shares of Plant-Based Dairy: % Value 2019-2023; Table 79 LBN Brand Shares of Plant-Based Dairy: % Value 2020-2023; Table 80 Distribution of Plant-Based Dairy by Format: % Value 2018-2023; Table 81 Forecast Sales of Plant-Based Dairy by Category: Value 2023-2028; Table 82 Forecast Sales of Plant-Based Dairy by Category: % Value Growth 2023-2028