| Product Code: ETC5005243 | 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`s frozen bakery products import market continued to show strong growth, with key exporting countries including Lithuania, Estonia, Poland, Germany, and Ukraine. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. The impressive compound annual growth rate (CAGR) of 23.21% from 2020 to 2024 highlights the increasing demand for frozen bakery products in Latvia. Moreover, the growth rate of 5.9% from 2023 to 2024 suggests sustained momentum in the market, making it an attractive opportunity for both domestic and international suppliers.

The Frozen Bakery Products market in Latvia is projected to grow at a stable growth rate of 4.62% 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.

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 Frozen Bakery Products Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Frozen Bakery Products Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Frozen Bakery Products Market - Industry Life Cycle |
3.4 Latvia Frozen Bakery Products Market - Porter's Five Forces |
3.5 Latvia Frozen Bakery Products Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Frozen Bakery Products Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.7 Latvia Frozen Bakery Products Market Revenues & Volume Share, By Sales Format, 2021 & 2031F |
4 Latvia Frozen Bakery Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenience foods due to busy lifestyles |
4.2.2 Growing trend of snacking culture and on-the-go eating habits |
4.2.3 Rising popularity of Western-style baked goods in Latvia |
4.3 Market Restraints |
4.3.1 Seasonal fluctuations in demand for frozen bakery products |
4.3.2 High competition from fresh bakery products and artisanal bakeries |
4.3.3 Challenges related to maintaining product quality and freshness during freezing and storage |
5 Latvia Frozen Bakery Products Market Trends |
6 Latvia Frozen Bakery Products Market Segmentations |
6.1 Latvia Frozen Bakery Products Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Frozen Bakery Products Market Revenues & Volume, By Bread, 2021-2031F |
6.1.3 Latvia Frozen Bakery Products Market Revenues & Volume, By Rolls, 2021-2031F |
6.1.4 Latvia Frozen Bakery Products Market Revenues & Volume, By Pancakes, 2021-2031F |
6.1.5 Latvia Frozen Bakery Products Market Revenues & Volume, By Muffins, 2021-2031F |
6.1.6 Latvia Frozen Bakery Products Market Revenues & Volume, By Pound Cakes, 2021-2031F |
6.1.7 Latvia Frozen Bakery Products Market Revenues & Volume, By Pizza Crust, 2021-2031F |
6.1.9 Latvia Frozen Bakery Products Market Revenues & Volume, By Pastries, 2021-2031F |
6.1.10 Latvia Frozen Bakery Products Market Revenues & Volume, By Pastries, 2021-2031F |
6.2 Latvia Frozen Bakery Products Market, By Sales Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Frozen Bakery Products Market Revenues & Volume, By Modern Trade, 2021-2031F |
6.2.3 Latvia Frozen Bakery Products Market Revenues & Volume, By Traditional Grocery Stores, 2021-2031F |
6.2.4 Latvia Frozen Bakery Products Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.2.5 Latvia Frozen Bakery Products Market Revenues & Volume, By Online Channels, 2021-2031F |
6.2.6 Latvia Frozen Bakery Products Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.2.7 Latvia Frozen Bakery Products Market Revenues & Volume, By Other Retail Formats, 2021-2031F |
6.3 Latvia Frozen Bakery Products Market, By Sales Format |
6.3.1 Overview and Analysis |
6.3.2 Latvia Frozen Bakery Products Market Revenues & Volume, By Fresh Frozen Bakery Products, 2021-2031F |
6.3.3 Latvia Frozen Bakery Products Market Revenues & Volume, By Pre-Packed Frozen Baked Products, 2021-2031F |
6.3.4 Latvia Frozen Bakery Products Market Revenues & Volume, By Pre-Packed Frozen Part-Baked Products, 2021-2031F |
7 Latvia Frozen Bakery Products Market Import-Export Trade Statistics |
7.1 Latvia Frozen Bakery Products Market Export to Major Countries |
7.2 Latvia Frozen Bakery Products Market Imports from Major Countries |
8 Latvia Frozen Bakery Products Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Percentage of repeat customers |
8.3 Rate of new product development and launches |
8.4 Number of distribution channels expanded into |
8.5 Customer satisfaction scores for product quality and variety |
9 Latvia Frozen Bakery Products Market - Opportunity Assessment |
9.1 Latvia Frozen Bakery Products Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Frozen Bakery Products Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.3 Latvia Frozen Bakery Products Market Opportunity Assessment, By Sales Format, 2021 & 2031F |
10 Latvia Frozen Bakery Products Market - Competitive Landscape |
10.1 Latvia Frozen Bakery Products Market Revenue Share, By Companies, 2024 |
10.2 Latvia Frozen Bakery Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |