Staple foods in Latvia in 2024 presents a more stable outlook than the turmoil of previous years. The inflationary pressures of 2022 and 2023 appear to have subsided, offering some relief. However, ongoing economic uncertainty has hindered a more rapid recovery in sales. Many staple categories, particularly carbohydrate-based products, face strong competition from other food sources, which has kept sales growth relatively slow. The competition among bread, pasta, rice, potatoes, and other staple...
Euromonitor International's 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 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: 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.
Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.
Staple Foods in Latvia
Euromonitor International
December 2024
List Of Contents And Tables
STAPLE FOODS IN LATVIA
EXECUTIVE SUMMARY
Staple foods in 2024: The big picture
Key trends in 2024
Competitive Landscape
Channel developments
What next for staple foods?
MARKET DATA
Table 1 Sales of Staple Foods by Category: Volume 2019-2024
Table 2 Sales of Staple Foods by Category: Value 2019-2024
Table 3 Sales of Staple Foods by Category: % Volume Growth 2019-2024
Table 4 Sales of Staple Foods by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Staple Foods: % Value 2020-2024
Table 6 LBN Brand Shares of Staple Foods: % Value 2021-2024
Table 7 Penetration of Private Label by Category: % Value 2020-2024
Table 8 Distribution of Staple Foods by Format: % Value 2019-2024
Table 9 Forecast Sales of Staple Foods by Category: Volume 2024-2029
Table 10 Forecast Sales of Staple Foods by Category: Value 2024-2029
Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2024-2029
Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources
BAKED GOODS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Bread struggles persist amidst demographic challenges
Fast food formats bolster modern bread consumption
Pastries find stability amidst affordability concerns
PROSPECTS AND OPPORTUNITIES
Persistent decline tempered by niche growth
Ethnic and flatbreads offer a glimmer of hope
Private label and discounters poised for growth
CATEGORY DATA
Table 13 Sales of Baked Goods by Category: Volume 2019-2024
Table 14 Sales of Baked Goods by Category: Value 2019-2024
Table 15 Sales of Baked Goods by Category: % Volume Growth 2019-2024
Table 16 Sales of Baked Goods by Category: % Value Growth 2019-2024
Table 17 Sales of Pastries by Type: % Value 2019-2024
Table 18 NBO Company Shares of Baked Goods: % Value 2020-2024
Table 19 LBN Brand Shares of Baked Goods: % Value 2021-2024
Table 20 Distribution of Baked Goods by Format: % Value 2019-2024
Table 21 Forecast Sales of Baked Goods by Category: Volume 2024-2029
Table 22 Forecast Sales of Baked Goods by Category: Value 2024-2029
Table 23 Forecast Sales of Baked Goods by Category: % Volume Growth 2024-2029
Table 24 Forecast Sales of Baked Goods by Category: % Value Growth 2024-2029
BREAKFAST CEREALS IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Stagnation persists amid health and economic challenges
Dual concerns around sugar and health-conscious innovation
Leading players maintain a cautious approach
PROSPECTS AND OPPORTUNITIES
Continued stagnation amidst demographic and health trends
Traditional breakfast options overshadow cereals
Heightened competition across local, regional, and global players
CATEGORY DATA
Table 25 Sales of Breakfast Cereals by Category: Volume 2019-2024
Table 26 Sales of Breakfast Cereals by Category: Value 2019-2024
Table 27 Sales of Breakfast Cereals by Category: % Volume Growth 2019-2024
Table 28 Sales of Breakfast Cereals by Category: % Value Growth 2019-2024
Table 29 NBO Company Shares of Breakfast Cereals: % Value 2020-2024
Table 30 LBN Brand Shares of Breakfast Cereals: % Value 2021-2024
Table 31 Distribution of Breakfast Cereals by Format: % Value 2019-2024
Table 32 Forecast Sales of Breakfast Cereals by Category: Volume 2024-2029
Table 33 Forecast Sales of Breakfast Cereals by Category: Value 2024-2029
Table 34 Forecast Sales of Breakfast Cereals by Category: % Volume Growth 2024-2029
Table 35 Forecast Sales of Breakfast Cereals by Category: % Value Growth 2024-2029
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Barbecue sales drive category performance
Poultry retains its edge over red meat
Private label products strengthen their presence
PROSPECTS AND OPPORTUNITIES
Resilience amidst economic constraints
Expanding private label portfolios
Chilled and fresh options gain traction
CATEGORY DATA
Table 36 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2019-2024
Table 37 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2019-2024
Table 38 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2019-2024
Table 39 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2019-2024
Table 40 Sales of Shelf Stable Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 41 Sales of Chilled Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 42 Sales of Frozen Processed Red Meat by Type: % Volume Breakdown 2019-2024
Table 43 Sales of Frozen Processed Poultry by Type: % Value Breakdown 2019-2024
Table 44 Sales of Frozen Processed Seafood by Type: % Value Breakdown 2019-2024
Table 45 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2020-2024
Table 46 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2021-2024
Table 47 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2019-2024
Table 48 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2024-2029
Table 49 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2024-2029
PROCESSED FRUIT AND VEGETABLES IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Steady recovery amidst stabilised prices
Beans and corn thrive on international and traditional culinary trends
Private label dominance grows amid price sensitivity
PROSPECTS AND OPPORTUNITIES
Challenges from fresh produce and limited growth prospects
Seasonal spikes and the importance of traditional cuisine
Opportunities in frozen vegetable mixtures for quick meals
CATEGORY DATA
Table 50 Sales of Processed Fruit and Vegetables by Category: Volume 2019-2024
Table 51 Sales of Processed Fruit and Vegetables by Category: Value 2019-2024
Table 52 Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2019-2024
Table 53 Sales of Processed Fruit and Vegetables by Category: % Value Growth 2019-2024
Table 54 Sales of Frozen Processed Vegetables by Type: % Value Breakdown 2019-2024
Table 55 NBO Company Shares of Processed Fruit and Vegetables: % Value 2020-2024
Table 56 LBN Brand Shares of Processed Fruit and Vegetables: % Value 2021-2024
Table 57 Distribution of Processed Fruit and Vegetables by Format: % Value 2019-2024
Table 58 Forecast Sales of Processed Fruit and Vegetables by Category: Volume 2024-2029
Table 59 Forecast Sales of Processed Fruit and Vegetables by Category: Value 2024-2029
Table 60 Forecast Sales of Processed Fruit and Vegetables by Category: % Volume Growth 2024-2029
Table 61 Forecast Sales of Processed Fruit and Vegetables by Category: % Value Growth 2024-2029
RICE, PASTA AND NOODLES IN LATVIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Divergent category performance amidst stabilised prices
Instant noodles thrive despite historical challenges
Dried pasta struggles with stagnation and market shifts
PROSPECTS AND OPPORTUNITIES
Gradual growth supported by premiumisation and diversification
Instant noodles shed stigma and drive innovation
Emerging opportunities in premium dried pasta
CATEGORY DATA
Table 62 Sales of Rice, Pasta and Noodles by Category: Volume 2019-2024
Table 63 Sales of Rice, Pasta and Noodles by Category: Value 2019-2024
Table 64 Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2019-2024
Table 65 Sales of Rice, Pasta and Noodles by Category: % Value Growth 2019-2024
Table 66 Sales of Instant Noodles by Leading Flavours: Rankings 2019-2024
Table 67 NBO Company Shares of Rice, Pasta and Noodles: % Value 2020-2024
Table 68 LBN Brand Shares of Rice, Pasta and Noodles: % Value 2021-2024
Table 69 NBO Company Shares of Rice: % Value 2020-2024
Table 70 LBN Brand Shares of Rice: % Value 2021-2024
Table 71 NBO Company Shares of Pasta: % Value 2020-2024
Table 72 LBN Brand Shares of Pasta: % Value 2021-2024
Table 73 NBO Company Shares of Noodles: % Value 2020-2024
Table 74 LBN Brand Shares of Noodles: % Value 2021-2024
Table 75 Distribution of Rice, Pasta and Noodles by Format: % Value 2019-2024
Table 76 Distribution of Rice by Format: % Value 2019-2024
Table 77 Distribution of Pasta by Format: % Value 2019-2024
Table 78 Distribution of Noodles by Format: % Value 2019-2024
Table 79 Forecast Sales of Rice, Pasta and Noodles by Category: Volume 2024-2029
Table 80 Forecast Sales of Rice, Pasta and Noodles by Category: Value 2024-2029
Table 81 Forecast Sales of Rice, Pasta and Noodles by Category: % Volume Growth 2024-2029
Table 82 Forecast Sales of Rice, Pasta and Noodles by Category: % Value Growth 2024-2029
In 2024, the staple foods industry continued to face the challenge of global inflationary pressure, albeit to a receding degree. Consumers remain cautious and price-led, but willingness to look beyond cost to characteristics such as healthy choices is returning; opportunities for producers and retai...
In 2024, staple food in Switzerland experienced positive retail value and volume growth, with several key trends shaping the category. Prices remained high throughout 2024 due to rising packaging, energy and transport costs. Furthermore, the Russian invasion of Ukraine has disrupted the global grain...
Retail volume sales of staple foods in South Africa are gradually rising in 2024, as an increasing number of local consumers find themselves in a better financial position compared to the previous year due to factors such as lower food inflation and decreased interest rates. The outcome of the South...
Staple foods in Vietnam has faced significant challenges in 2024, due to the ongoing economic slowdown. With the fluctuating global situation and rising prices, price sensitivity has become a major factor driving many consumers' purchasing decisions. A segment of consumers has become more reluctant ...
It is expected to be a positive picture for staples in Uzbekistan in 2024. While inflation is still high, there is expected to be modest constant value and volume growth. This is partly due to continuing population growth. However, the economy is also growing and this is boosting consumer confidence...
It is an improving economic picture for staple foods in Uruguay in 2024 and it is expected to register moderate current value growth, as inflation eases. That being said, there are still significant price increases hikes for rice, due to continuing increases in international prices.
Eur...
The year 2024 has seen a continuation of barbecue-related trends that significantly impact the processed meat and seafood category in Latvia. An earlier-than-usual start to the summer season boosted sales, as consumers increasingly opt for ready-to-cook barbecue products rather than preparing meals ...
Retail volume sales of staple foods are set to grow in Kuwait in 2024, with demand supported by the essential nature of such products. Bread is the main staple, with rice also highly popular. Health and wellness continues to exert a growing influence on purchasing decisions, with consumers moving to...
Staple foods in Latvia in 2024 presents a more stable outlook than the turmoil of previous years. The inflationary pressures of 2022 and 2023 appear to have subsided, offering some relief. However, ongoing economic uncertainty has hindered a more rapid recovery in sales. Many staple categories, part...
While staples in Tunisia is expected to register double-digit percentage current value growth, constant value growth is expected to be much more moderate, though still healthy. This is in spite of continuing high inflation and also slower growth in the economy, as Tunisia grapples with persistent dr...