| Product Code: ETC4946723 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia`s packaged food import market continued to see steady growth with a CAGR of 17.23% from 2020 to 2024. The top exporting countries to Latvia, including Lithuania, Poland, Germany, Netherlands, and Ireland, have played a significant role in supplying packaged food products to meet the increasing demand. Despite the presence of these key players, the market remains competitive with low concentration levels indicated by the low Herfindahl-Hirschman Index (HHI). The growth rate of 9.02% from 2023 to 2024 suggests sustained momentum in the importation of packaged food products into Latvia.

The Packaged Food market in Latvia is projected to grow at a stable growth rate of 3.22% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Packaged Food Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaged Food Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaged Food Market - Industry Life Cycle |
3.4 Latvia Packaged Food Market - Porter's Five Forces |
3.5 Latvia Packaged Food Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Packaged Food Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Packaged Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization leading to higher demand for convenient and ready-to-eat packaged foods |
4.2.2 Growing health consciousness among consumers driving demand for organic and healthy packaged food options |
4.2.3 Expansion of retail channels and e-commerce platforms making packaged foods more accessible to consumers |
4.3 Market Restraints |
4.3.1 Price sensitivity of consumers may limit the adoption of premium packaged food products |
4.3.2 Stringent regulations and labeling requirements impacting product innovation and market entry for new players |
5 Latvia Packaged Food Market Trends |
6 Latvia Packaged Food Market Segmentations |
6.1 Latvia Packaged Food Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaged Food Market Revenues & Volume, By Dairy Products, 2021-2031F |
6.1.3 Latvia Packaged Food Market Revenues & Volume, By Bakery Products, 2021-2031F |
6.1.4 Latvia Packaged Food Market Revenues & Volume, By Ready Meals, 2021-2031F |
6.1.5 Latvia Packaged Food Market Revenues & Volume, By Confectionery, 2021-2031F |
6.1.6 Latvia Packaged Food Market Revenues & Volume, By Breakfast Cereals, 2021-2031F |
6.1.7 Latvia Packaged Food Market Revenues & Volume, By Baby Food, 2021-2031F |
6.1.9 Latvia Packaged Food Market Revenues & Volume, By Sauces, Condiments, and Dressings, 2021-2031F |
6.1.10 Latvia Packaged Food Market Revenues & Volume, By Sauces, Condiments, and Dressings, 2021-2031F |
6.2 Latvia Packaged Food Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaged Food Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.2.3 Latvia Packaged Food Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.4 Latvia Packaged Food Market Revenues & Volume, By Retail Stores, 2021-2031F |
6.2.5 Latvia Packaged Food Market Revenues & Volume, By E-commerce, 2021-2031F |
7 Latvia Packaged Food Market Import-Export Trade Statistics |
7.1 Latvia Packaged Food Market Export to Major Countries |
7.2 Latvia Packaged Food Market Imports from Major Countries |
8 Latvia Packaged Food Market Key Performance Indicators |
8.1 Consumer engagement with online food delivery platforms offering packaged food options |
8.2 Growth in demand for organic and natural packaged food products |
8.3 Adoption of innovative packaging solutions in the market |
8.4 Consumer sentiment towards sustainability and environmental impact of packaging materials |
8.5 Market penetration of private label packaged food products |
9 Latvia Packaged Food Market - Opportunity Assessment |
9.1 Latvia Packaged Food Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Packaged Food Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Packaged Food Market - Competitive Landscape |
10.1 Latvia Packaged Food Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaged Food Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |