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Processed Meat, Seafood and Alternatives To Meat in Latvia

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    Report

  • 19 Pages
  • November 2023
  • Region: Latvia
  • Euromonitor International
  • ID: 5567421
In 2023, processed meat, seafood and alternatives to meat in Latvia is recording a rise in volume sales, despite economic uncertainties and health concerns, particularly regarding smoked meat products. Nonetheless, after a phase of post-pandemic normalisation in 2021, the category faced significant price inflation in 2022 and 2023. This inflation, coupled with falling disposable incomes and increasing living costs, has led consumers to prioritise more affordable food options.

The Processed Meat, Seafood and Alternatives to Meat 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 directly informs our forecasts to 2027, clearly indicating how the market is expected to change.

Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.

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

Why buy this report?

  • Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat 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.

Table of Contents

PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN LATVIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Retail volume sales rise, while foodservice recovers as barbecue seasonality supports retail sales
  • Canned goods and seafood traditions
  • Major meat players lead
PROSPECTS AND OPPORTUNITIES
  • Moderate growth predicted with development driven by rising health consciousness
  • Niche market for plant-based alternatives
  • Private label set to expand portfolios as local players grow their retail networks
CATEGORY DATA
  • Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
  • Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
  • Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
  • Table 6 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
  • Table 7 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
  • Table 8 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
  • Table 9 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028
STAPLE FOODS IN LATVIA
EXECUTIVE SUMMARY
  • Staple foods in 2023: The big picture
  • Key trends in 2023
  • Competitive Landscape
  • Channel developments
  • What next for staple foods?
MARKET DATA
  • Table 10 Sales of Staple Foods by Category: Volume 2018-2023
  • Table 11 Sales of Staple Foods by Category: Value 2018-2023
  • Table 12 Sales of Staple Foods by Category: % Volume Growth 2018-2023
  • Table 13 Sales of Staple Foods by Category: % Value Growth 2018-2023
  • Table 14 NBO Company Shares of Staple Foods: % Value 2019-2023
  • Table 15 LBN Brand Shares of Staple Foods: % Value 2020-2023
  • Table 16 Penetration of Private Label by Category: % Value 2019-2023
  • Table 17 Distribution of Staple Foods by Format: % Value 2018-2023
  • Table 18 Forecast Sales of Staple Foods by Category: Volume 2023-2028
  • Table 19 Forecast Sales of Staple Foods by Category: Value 2023-2028
  • Table 20 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
  • Table 21 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources