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

Market Forecast By Type (Beer, Spirits, Wine, Perry & Rice Wine, Hard Seltzer, Others), By Distribution Channel (Pub, Internet Retailing, Liquor Stores, Grocery Shops, Supermarkets, Bars & Restaurants, Others) And Competitive Landscape
Product Code: ETC7904190 Publication Date: Sep 2024 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

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

In 2024, Latvia continued to see a steady growth in alcoholic drinks import shipments, with Lithuania, Estonia, Belgium, Mexico, and Germany emerging as the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a balanced competitive landscape. Despite a slight decline in the growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period 2020-24 was a robust 7.85%, highlighting the sustained demand for imported alcoholic beverages in Latvia.

Key Highlights of the Report:

  • Latvia Alcoholic Drinks Market Outlook
  • Market Size of Latvia Alcoholic Drinks Market, 2024
  • Forecast of Latvia Alcoholic Drinks Market, 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Revenues & Volume for the Period 2021- 2031
  • Latvia Alcoholic Drinks Market Trend Evolution
  • Latvia Alcoholic Drinks Market Drivers and Challenges
  • Latvia Alcoholic Drinks Price Trends
  • Latvia Alcoholic Drinks Porter's Five Forces
  • Latvia Alcoholic Drinks Industry Life Cycle
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Beer for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Spirits for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Wine for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Perry & Rice Wine for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Hard Seltzer for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Others for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Distribution Channel for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Pub for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Internet Retailing for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Liquor Stores for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Grocery Shops for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Supermarkets for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Bars & Restaurants for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Alcoholic Drinks Market Revenues & Volume By Others for the Period 2021- 2031
  • Latvia Alcoholic Drinks Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Distribution Channel
  • Latvia Alcoholic Drinks Top Companies Market Share
  • Latvia Alcoholic Drinks Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Alcoholic Drinks Company Profiles
  • Latvia Alcoholic Drinks Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Alcoholic Drinks 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 Alcoholic Drinks 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 Alcoholic Drinks Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Alcoholic Drinks Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Alcoholic Drinks Market - Industry Life Cycle

3.4 Latvia Alcoholic Drinks Market - Porter's Five Forces

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

3.6 Latvia Alcoholic Drinks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F

4 Latvia Alcoholic Drinks Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing disposable income in Latvia

4.2.2 Growing popularity of craft and premium alcoholic drinks

4.2.3 Tourism industry boosting demand for alcoholic beverages

4.3 Market Restraints

4.3.1 Stringent government regulations on alcohol advertising and distribution

4.3.2 Health consciousness leading to a shift towards non-alcoholic beverages

4.3.3 Economic instability impacting consumer spending on alcoholic drinks

5 Latvia Alcoholic Drinks Market Trends

6 Latvia Alcoholic Drinks Market, By Types

6.1 Latvia Alcoholic Drinks Market, By Type

6.1.1 Overview and Analysis

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

6.1.3 Latvia Alcoholic Drinks Market Revenues & Volume, By Beer, 2021- 2031F

6.1.4 Latvia Alcoholic Drinks Market Revenues & Volume, By Spirits, 2021- 2031F

6.1.5 Latvia Alcoholic Drinks Market Revenues & Volume, By Wine, 2021- 2031F

6.1.6 Latvia Alcoholic Drinks Market Revenues & Volume, By Perry & Rice Wine, 2021- 2031F

6.1.7 Latvia Alcoholic Drinks Market Revenues & Volume, By Hard Seltzer, 2021- 2031F

6.1.8 Latvia Alcoholic Drinks Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia Alcoholic Drinks Market, By Distribution Channel

6.2.1 Overview and Analysis

6.2.2 Latvia Alcoholic Drinks Market Revenues & Volume, By Pub, 2021- 2031F

6.2.3 Latvia Alcoholic Drinks Market Revenues & Volume, By Internet Retailing, 2021- 2031F

6.2.4 Latvia Alcoholic Drinks Market Revenues & Volume, By Liquor Stores, 2021- 2031F

6.2.5 Latvia Alcoholic Drinks Market Revenues & Volume, By Grocery Shops, 2021- 2031F

6.2.6 Latvia Alcoholic Drinks Market Revenues & Volume, By Supermarkets, 2021- 2031F

6.2.7 Latvia Alcoholic Drinks Market Revenues & Volume, By Bars & Restaurants, 2021- 2031F

7 Latvia Alcoholic Drinks Market Import-Export Trade Statistics

7.1 Latvia Alcoholic Drinks Market Export to Major Countries

7.2 Latvia Alcoholic Drinks Market Imports from Major Countries

8 Latvia Alcoholic Drinks Market Key Performance Indicators

8.1 Number of alcohol-related events and festivals in Latvia

8.2 Percentage growth in the sales of premium and craft alcoholic beverages

8.3 Consumer sentiment towards purchasing alcoholic drinks

8.4 Volume of alcohol exports from Latvia

8.5 Number of new product launches in the alcoholic drinks market

9 Latvia Alcoholic Drinks Market - Opportunity Assessment

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

9.2 Latvia Alcoholic Drinks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F

10 Latvia Alcoholic Drinks Market - Competitive Landscape

10.1 Latvia Alcoholic Drinks Market Revenue Share, By Companies, 2024

10.2 Latvia Alcoholic Drinks Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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