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

Name: Latvia Candy Market (2025-2031) | Trends & Industry
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Candy Market, Latvia Candy Market, Latvia Candy Market Revenues, Latvia Candy Market Share, Latvia Candy Market Size, Latvia Candy Market Outlook, Latvia Candy Market Report, Latvia Candy Market Competition, Latvia Candy Market Overview, Latvia Candy Market Trends, Latvia Candy Market Forecast

Market Forecast By Product Type (Chocolate Candy, Non-Chocolate Candy), By Distribution (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, Others) And Competitive Landscape

Product Code: ETC5378308	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

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

Latvia`s candy import market continues to show steady growth, with Lithuania, Germany, Estonia, Czechia, and Spain leading as the top exporting countries in 2024. The low concentration level indicated by the Herfindahl-Hirschman Index (HHI) suggests a competitive market landscape. The impressive Compound Annual Growth Rate (CAGR) of 15.04% from 2020 to 2024 signifies a thriving industry. Additionally, the growth rate of 1.68% from 2023 to 2024 indicates sustained momentum in the Latvian candy import sector, offering opportunities for further expansion and diversification.

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

Candy Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

The Candy market in Latvia is projected to grow at a stable growth rate of 3.47% 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.

Candy Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

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

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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 Candy Market Overview

3.1 Latvia Country Macro Economic Indicators

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

3.3 Latvia Candy Market - Industry Life Cycle

3.4 Latvia Candy Market - Porter's Five Forces

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

3.6 Latvia Candy Market Revenues & Volume Share, By Distribution, 2021 & 2031F

4 Latvia Candy Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer disposable income in Latvia

4.2.2 Growing trend towards indulgence and snacking culture

4.2.3 Expansion of distribution channels, such as online retail and convenience stores

4.3 Market Restraints

4.3.1 Health concerns related to sugar consumption and obesity

4.3.2 Fluctuating raw material costs, such as sugar and cocoa

4.3.3 Competition from healthier snack options and confectionery products

5 Latvia Candy Market Trends

6 Latvia Candy Market Segmentations

6.1 Latvia Candy Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Latvia Candy Market Revenues & Volume, By Chocolate Candy, 2021-2031F

6.1.3 Latvia Candy Market Revenues & Volume, By Non-Chocolate Candy, 2021-2031F

6.2 Latvia Candy Market, By Distribution

6.2.1 Overview and Analysis

6.2.2 Latvia Candy Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F

6.2.3 Latvia Candy Market Revenues & Volume, By Convenience Stores, 2021-2031F

6.2.4 Latvia Candy Market Revenues & Volume, By Specialist Retailers, 2021-2031F

6.2.5 Latvia Candy Market Revenues & Volume, By Online Retail, 2021-2031F

6.2.6 Latvia Candy Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Candy Market Import-Export Trade Statistics

7.1 Latvia Candy Market Export to Major Countries

7.2 Latvia Candy Market Imports from Major Countries

8 Latvia Candy Market Key Performance Indicators

8.1 Average selling price per unit

8.2 Percentage of market share within the confectionery segment

8.3 Customer satisfaction scores for various candy brands

8.4 Number of new product launches and innovations in the candy market

8.5 Consumer sentiment and preferences towards different types of candies

9 Latvia Candy Market - Opportunity Assessment

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

9.2 Latvia Candy Market Opportunity Assessment, By Distribution, 2021 & 2031F

10 Latvia Candy Market - Competitive Landscape

10.1 Latvia Candy Market Revenue Share, By Companies, 2024

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

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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