| Product Code: ETC5076265 | 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 saw consistent bread import shipments from top countries like Finland, Germany, Lithuania, Italy, and Sweden, indicating a stable market for bread imports. Despite a slight decline in growth rate from 2023 to 2024, the overall compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 3.86%. The high Herfindahl-Hirschman Index (HHI) concentration in 2024 suggests a competitive market with dominant players. This data highlights the importance of monitoring market dynamics and competition to make informed decisions in the bread import industry in Latvia.

By 2027, the Bread market in Latvia is anticipated to reach a growth rate of 4.57%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Bread Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bread Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bread Market - Industry Life Cycle |
3.4 Latvia Bread Market - Porter's Five Forces |
3.5 Latvia Bread Market Revenues & Volume Share, By Loaves, 2021 & 2031F |
3.6 Latvia Bread Market Revenues & Volume Share, By Convenience Stores, 2021 & 2031F |
4 Latvia Bread Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing health consciousness among consumers leading to increased demand for healthier bread options. |
4.2.2 Rising disposable income in Latvia, allowing consumers to spend more on premium and specialty bread products. |
4.2.3 Increasing trend towards convenience and on-the-go food options, boosting the demand for packaged and ready-to-eat bread products. |
4.3 Market Restraints |
4.3.1 Intense competition among bread manufacturers leading to price wars and thin profit margins. |
4.3.2 Fluctuating raw material prices such as wheat and other grains impacting production costs. |
4.3.3 Regulatory challenges and changing food safety standards affecting production processes and product offerings. |
5 Latvia Bread Market Trends |
6 Latvia Bread Market Segmentations |
6.1 Latvia Bread Market, By Loaves |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bread Market Revenues & Volume, By Baguettes, 2021-2031F |
6.1.3 Latvia Bread Market Revenues & Volume, By Rolls, 2021-2031F |
6.1.4 Latvia Bread Market Revenues & Volume, By Burger Buns, 2021-2031F |
6.1.5 Latvia Bread Market Revenues & Volume, By Ciabatta, 2021-2031F |
6.1.6 Latvia Bread Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Bread Market, By Convenience Stores |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bread Market Revenues & Volume, By Specialist Retailers, 2021-2031F |
6.2.3 Latvia Bread Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.2.4 Latvia Bread Market Revenues & Volume, By Online Retail, 2021-2031F |
6.2.5 Latvia Bread Market Revenues & Volume, By Variety Stores, 2021-2031F |
6.2.6 Latvia Bread Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Bread Market Import-Export Trade Statistics |
7.1 Latvia Bread Market Export to Major Countries |
7.2 Latvia Bread Market Imports from Major Countries |
8 Latvia Bread Market Key Performance Indicators |
8.1 Average selling price per unit of bread, indicating the consumer willingness to pay for premium products. |
8.2 Percentage of revenue from new product launches, reflecting the market acceptance of innovative bread varieties. |
8.3 Number of distribution channels utilized, showing the market reach and accessibility of bread products to consumers. |
9 Latvia Bread Market - Opportunity Assessment |
9.1 Latvia Bread Market Opportunity Assessment, By Loaves, 2021 & 2031F |
9.2 Latvia Bread Market Opportunity Assessment, By Convenience Stores, 2021 & 2031F |
10 Latvia Bread Market - Competitive Landscape |
10.1 Latvia Bread Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bread Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |