Latvia Vermouth Market (2025-2031) | Analysis, Outlook, Trends, Growth, Share, Value, Forecast, Industry, Segmentation, Competitive Landscape, Companies, Size & Revenue

Market Forecast By Type (Supermarkets and Hypermarkets, Specialist Retailers, Convenience Stores, Online), By Application (Sweet Vermouth, Dry Vermouth, Bianco Vermouth) And Competitive Landscape
Product Code: ETC7924059 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Vermouth Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s vermouth import market in 2024 saw continued high concentration with top exporters being Italy, Germany, Metropolitan France, Estonia, and Spain. Despite a significant growth rate of 24.81% from 2020 to 2024, there was a noticeable decline of -33.64% from 2023 to 2024. This suggests a possible shift or temporary setback in the market dynamics. The consistent dominance of key exporting countries highlights the strong foothold they have in supplying vermouth to Latvia. Further analysis would be beneficial to understand the implications of the recent growth fluctuation.

Latvia Vermouth Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Vermouth Market Outlook
  • Market Size of Latvia Vermouth Market, 2024
  • Forecast of Latvia Vermouth Market, 2031
  • Historical Data and Forecast of Latvia Vermouth Revenues & Volume for the Period 2021- 2031
  • Latvia Vermouth Market Trend Evolution
  • Latvia Vermouth Market Drivers and Challenges
  • Latvia Vermouth Price Trends
  • Latvia Vermouth Porter's Five Forces
  • Latvia Vermouth Industry Life Cycle
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Specialist Retailers for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Convenience Stores for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Online for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Sweet Vermouth for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Dry Vermouth for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Vermouth Market Revenues & Volume By Bianco Vermouth for the Period 2021- 2031
  • Latvia Vermouth Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Latvia Vermouth Top Companies Market Share
  • Latvia Vermouth Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Vermouth Company Profiles
  • Latvia Vermouth Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Vermouth Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Vermouth Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Vermouth Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Vermouth Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Vermouth Market - Industry Life Cycle

3.4 Latvia Vermouth Market - Porter's Five Forces

3.5 Latvia Vermouth Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Vermouth Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Vermouth Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing trend of socializing and dining out among the Latvian population

4.2.2 Growing interest in craft cocktails and mixology

4.2.3 Rising disposable income leading to higher spending on premium alcoholic beverages

4.3 Market Restraints

4.3.1 Stringent regulations and taxes on alcohol sales and distribution

4.3.2 Competition from other alcoholic beverages such as wine and beer

4.3.3 Limited awareness and availability of vermouth in the Latvian market

5 Latvia Vermouth Market Trends

6 Latvia Vermouth Market, By Types

6.1 Latvia Vermouth Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Vermouth Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Vermouth Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F

6.1.4 Latvia Vermouth Market Revenues & Volume, By Specialist Retailers, 2021- 2031F

6.1.5 Latvia Vermouth Market Revenues & Volume, By Convenience Stores, 2021- 2031F

6.1.6 Latvia Vermouth Market Revenues & Volume, By Online, 2021- 2031F

6.2 Latvia Vermouth Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Vermouth Market Revenues & Volume, By Sweet Vermouth, 2021- 2031F

6.2.3 Latvia Vermouth Market Revenues & Volume, By Dry Vermouth, 2021- 2031F

6.2.4 Latvia Vermouth Market Revenues & Volume, By Bianco Vermouth, 2021- 2031F

7 Latvia Vermouth Market Import-Export Trade Statistics

7.1 Latvia Vermouth Market Export to Major Countries

7.2 Latvia Vermouth Market Imports from Major Countries

8 Latvia Vermouth Market Key Performance Indicators

8.1 Number of craft cocktail bars and mixology events in Latvia

8.2 Consumer surveys measuring preferences for premium alcoholic beverages

8.3 Growth in online searches for vermouth recipes and cocktail ideas

8.4 Number of vermouth brands entering the Latvian market

8.5 Participation in vermouth-related events and festivals in Latvia

9 Latvia Vermouth Market - Opportunity Assessment

9.1 Latvia Vermouth Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Vermouth Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Vermouth Market - Competitive Landscape

10.1 Latvia Vermouth Market Revenue Share, By Companies, 2024

10.2 Latvia Vermouth Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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