Staple Foods in Latvia - Research and Markets

Staple foods in Latvia in 2023 is enjoying a period of modest recovery, following the significant price inflation of 2022. Although some growth has been observed, it is primarily a rebound from the previous year's downturn. The industry overall remains stagnant, with the price inflation crisis of 2022 giving way to concerns related to rising interest rates, continuing to influence consumer purchasing decisions negatively.

The Staple Foods 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: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.

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

Why buy this report?

Get a detailed picture of the Staple Foods 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.

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 1 Sales of Staple Foods by Category: Volume 2018-2023
Table 2 Sales of Staple Foods by Category: Value 2018-2023
Table 3 Sales of Staple Foods by Category: % Volume Growth 2018-2023
Table 4 Sales of Staple Foods by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Staple Foods: % Value 2019-2023
Table 6 LBN Brand Shares of Staple Foods: % Value 2020-2023
Table 7 Penetration of Private Label by Category: % Value 2019-2023
Table 8 Distribution of Staple Foods by Format: % Value 2018-2023
Table 9 Forecast Sales of Staple Foods by Category: Volume 2023-2028
Table 10 Forecast Sales of Staple Foods by Category: Value 2023-2028
Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2023-2028
Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2023-2028

DISCLAIMER

SOURCES

Summary 1 Research Sources

BAKED GOODS IN LATVIAKEY DATA FINDINGS

2023 DEVELOPMENTS

Bread continues to fall in 2023
Rising price sensitivity supports private label growth
Shift towards smaller pack sizes and health-conscious choices

PROSPECTS AND OPPORTUNITIES

Decline set to accelerate
The rise of flat bread
Private label players to see further expansion

CATEGORY DATA

Table 64 Sales of Baked Goods by Category: Volume 2018-2023
Table 65 Sales of Baked Goods by Category: Value 2018-2023
Table 66 Sales of Baked Goods by Category: % Volume Growth 2018-2023
Table 67 Sales of Baked Goods by Category: % Value Growth 2018-2023
Table 68 NBO Company Shares of Baked Goods: % Value 2019-2023
Table 69 LBN Brand Shares of Baked Goods: % Value 2020-2023
Table 70 Distribution of Baked Goods by Format: % Value 2018-2023
Table 71 Forecast Sales of Baked Goods by Category: Volume 2023-2028
Table 72 Forecast Sales of Baked Goods by Category: Value 2023-2028
Table 73 Forecast Sales of Baked Goods by Category: % Volume Growth 2023-2028
Table 74 Forecast Sales of Baked Goods by Category: % Value Growth 2023-2028

BREAKFAST CEREALS IN LATVIAKEY DATA FINDINGS

2023 DEVELOPMENTS

Market stagnation and rising health consciousness
Promotions drive sales
The rise of local brands and health-positioned products

PROSPECTS AND OPPORTUNITIES

Continued consumer shift towards healthier options
Increased competitive threat from superfoods
Local manufacturers and private label players to expand

CATEGORY DATA

Table 13 Sales of Breakfast Cereals by Category: Volume 2018-2023
Table 14 Sales of Breakfast Cereals by Category: Value 2018-2023
Table 15 Sales of Breakfast Cereals by Category: % Volume Growth 2018-2023
Table 16 Sales of Breakfast Cereals by Category: % Value Growth 2018-2023
Table 17 NBO Company Shares of Breakfast Cereals: % Value 2019-2023
Table 18 LBN Brand Shares of Breakfast Cereals: % Value 2020-2023
Table 19 Distribution of Breakfast Cereals by Format: % Value 2018-2023
Table 20 Forecast Sales of Breakfast Cereals by Category: Volume 2023-2028
Table 21 Forecast Sales of Breakfast Cereals by Category: Value 2023-2028
Table 22 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2023-2028
Table 23 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2023-2028

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 24 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2018-2023
Table 25 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2018-2023
Table 26 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2018-2023
Table 27 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2018-2023
Table 28 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2023
Table 29 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2023
Table 30 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2018-2023
Table 31 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2023-2028
Table 32 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2023-2028

PROCESSED FRUIT AND VEGETABLES IN LATVIAKEY DATA FINDINGS

2023 DEVELOPMENTS

Stagnation and economic challenges in 2023
Frozen potatoes prove popular as consumers continue to stockpile canned goods
Spilva and Bonduelle lead brands

PROSPECTS AND OPPORTUNITIES

Category faces limited growth prospects, though sales will remain strong
Shelf stable vegetables may suffer, while fresh produce presents increased threat
Demand for frozen vegetable mixes

CATEGORY DATA

Table 33 Sales of Processed Fruit and Vegetables by Category: Volume 2018-2023
Table 34 Sales of Processed Fruit and Vegetables by Category: Value 2018-2023
Table 35 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2018-2023
Table 36 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2018-2023
Table 37 NBO Company Shares of Processed Fruit and Vegetables: % Value 2019-2023
Table 38 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2020-2023
Table 39 Distribution of Processed Fruit and Vegetables by Format: % Value 2018-2023
Table 40 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2023-2028
Table 41 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2023-2028
Table 42 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2023-2028
Table 43 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2023-2028

RICE, PASTA AND NOODLES IN LATVIAKEY DATA FINDINGS

2023 DEVELOPMENTS

Market stability amid economic uncertainty
Changing brand dynamics
Consumers shift towards premium products

PROSPECTS AND OPPORTUNITIES

Health consciousness to continue impacting sales
Premiumisation will expand within pasta, while instant noodles attracts contrasting perceptions
Private label players will present greater competitive threat

CATEGORY DATA

Table 44 Sales of Rice, Pasta and Noodles by Category: Volume 2018-2023
Table 45 Sales of Rice, Pasta and Noodles by Category: Value 2018-2023
Table 46 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2018-2023
Table 47 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2018-2023
Table 48 NBO Company Shares of Rice, Pasta and Noodles: % Value 2019-2023
Table 49 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2020-2023
Table 50 NBO Company Shares of Rice: % Value 2019-2023
Table 51 LBN Brand Shares of Rice: % Value 2020-2023
Table 52 NBO Company Shares of Pasta: % Value 2019-2023
Table 53 LBN Brand Shares of Pasta: % Value 2020-2023
Table 54 NBO Company Shares of Noodles: % Value 2019-2023
Table 55 LBN Brand Shares of Noodles: % Value 2020-2023
Table 56 Distribution of Rice, Pasta and Noodles by Format: % Value 2018-2023
Table 57 Distribution of Rice by Format: % Value 2018-2023
Table 58 Distribution of Pasta by Format: % Value 2018-2023
Table 59 Distribution of Noodles by Format: % Value 2018-2023
Table 60 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2023-2028
Table 61 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2023-2028
Table 62 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2023-2028
Table 63 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2023-2028

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