| Product Code: ETC4678595 | 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 continued to see a significant influx of beef imports, with key exporting countries being Lithuania, Poland, Netherlands, Germany, and Estonia. The market exhibited a high concentration with a consistently strong Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 18.67%, indicating a robust market expansion. Moreover, the growth rate from 2023 to 2024 stood at 10.82%, signaling continued momentum in beef import shipments to Latvia. This data suggests a sustained demand for imported beef in the Latvian market.

In the Europe region, the Beef market in Latvia is projected to expand at a stable growth rate of 3.86% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Beef Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Beef Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Beef Market - Industry Life Cycle |
3.4 Latvia Beef Market - Porter's Five Forces |
3.5 Latvia Beef Market Revenues & Volume Share, By Beef Cut, 2021 & 2031F |
3.6 Latvia Beef Market Revenues & Volume Share, By Beef Slaughter Method, 2021 & 2031F |
4 Latvia Beef Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of consuming beef products. |
4.2.2 Growth in the foodservice industry leading to higher demand for beef products. |
4.2.3 Implementation of government initiatives supporting the local beef industry. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of beef due to market volatility. |
4.3.2 Competition from substitute products like poultry and pork. |
4.3.3 Regulatory challenges and compliance requirements impacting the beef market. |
5 Latvia Beef Market Trends |
6 Latvia Beef Market Segmentations |
6.1 Latvia Beef Market, By Beef Cut |
6.1.1 Overview and Analysis |
6.1.2 Latvia Beef Market Revenues & Volume, By Brisket, 2021-2031F |
6.1.3 Latvia Beef Market Revenues & Volume, By Shank, 2021-2031F |
6.1.4 Latvia Beef Market Revenues & Volume, By Loin, 2021-2031F |
6.1.5 Latvia Beef Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Beef Market, By Beef Slaughter Method |
6.2.1 Overview and Analysis |
6.2.2 Latvia Beef Market Revenues & Volume, By Kosher, 2021-2031F |
6.2.3 Latvia Beef Market Revenues & Volume, By Halal, 2021-2031F |
6.2.4 Latvia Beef Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Beef Market Import-Export Trade Statistics |
7.1 Latvia Beef Market Export to Major Countries |
7.2 Latvia Beef Market Imports from Major Countries |
8 Latvia Beef Market Key Performance Indicators |
8.1 Average price per kilogram of beef. |
8.2 Consumer sentiment towards beef consumption. |
8.3 Number of new beef product launches in the market. |
8.4 Adoption rate of technology within the beef supply chain. |
8.5 Sustainability practices implemented by beef producers. |
9 Latvia Beef Market - Opportunity Assessment |
9.1 Latvia Beef Market Opportunity Assessment, By Beef Cut, 2021 & 2031F |
9.2 Latvia Beef Market Opportunity Assessment, By Beef Slaughter Method, 2021 & 2031F |
10 Latvia Beef Market - Competitive Landscape |
10.1 Latvia Beef Market Revenue Share, By Companies, 2024 |
10.2 Latvia Beef Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |