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Staple Foods in Latvia

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    Report

  • 56 Pages
  • November 2023
  • Region: Latvia
  • Euromonitor International
  • ID: 5567549
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.

Table of Contents

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