| Product Code: ETC4787389 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to see a steady increase in the import of instant cereals, with Lithuania, Poland, Estonia, Germany, and Czechia emerging as the top exporting countries. The Herfindahl-Hirschman Index (HHI) indicated a high concentration of imports in 2023, which further intensified in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 7.78%, demonstrating sustained market expansion. Moreover, the growth rate from 2023 to 2024 reached 4.43%, highlighting the continued interest and demand for instant cereals in Latvia.
| 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 Instant Cereals Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Instant Cereals Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Instant Cereals Market - Industry Life Cycle | 
| 3.4 Latvia Instant Cereals Market - Porter's Five Forces | 
| 3.5 Latvia Instant Cereals Market Revenues & Volume Share, By Type, 2021 & 2031F | 
| 4 Latvia Instant Cereals Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing health consciousness and awareness about the benefits of convenient and nutritious breakfast options | 
| 4.2.2 Busy lifestyles and rising demand for convenient and quick meal solutions | 
| 4.2.3 Growing preference for on-the-go breakfast options among working professionals and students | 
| 4.3 Market Restraints | 
| 4.3.1 Competition from traditional breakfast options like bread, pastries, and dairy products | 
| 4.3.2 Price sensitivity among consumers due to economic fluctuations and disposable income constraints | 
| 5 Latvia Instant Cereals Market Trends | 
| 6 Latvia Instant Cereals Market Segmentations | 
| 6.1 Latvia Instant Cereals Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Instant Cereals Market Revenues & Volume, By Legumes, 2021-2031F | 
| 6.1.3 Latvia Instant Cereals Market Revenues & Volume, By Buckwheat, 2021-2031F | 
| 6.1.4 Latvia Instant Cereals Market Revenues & Volume, By Semolina, 2021-2031F | 
| 6.1.5 Latvia Instant Cereals Market Revenues & Volume, By Barley, 2021-2031F | 
| 6.1.6 Latvia Instant Cereals Market Revenues & Volume, By Rye, 2021-2031F | 
| 6.1.7 Latvia Instant Cereals Market Revenues & Volume, By Oats, 2021-2031F | 
| 7 Latvia Instant Cereals Market Import-Export Trade Statistics | 
| 7.1 Latvia Instant Cereals Market Export to Major Countries | 
| 7.2 Latvia Instant Cereals Market Imports from Major Countries | 
| 8 Latvia Instant Cereals Market Key Performance Indicators | 
| 8.1 Percentage increase in the number of health-conscious consumers in Latvia | 
| 8.2 Growth in the number of working professionals and students opting for instant cereals as a breakfast choice | 
| 8.3 Increase in the number of product innovations and flavors in the instant cereals market | 
| 9 Latvia Instant Cereals Market - Opportunity Assessment | 
| 9.1 Latvia Instant Cereals Market Opportunity Assessment, By Type, 2021 & 2031F | 
| 10 Latvia Instant Cereals Market - Competitive Landscape | 
| 10.1 Latvia Instant Cereals Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Instant Cereals Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |