| Product Code: ETC13052725 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of packaged milkshakes to Latvia in 2024 continued to be dominated by top exporting countries such as Poland, Belgium, Metropolitan France, Italy, and Estonia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a strong Compound Annual Growth Rate (CAGR) of 17.29% from 2020 to 2024. The growth rate for 2023-24 is also impressive at 11.11%, suggesting a sustained interest in packaged milkshakes in the Latvian market.

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 Packaged Milkshakes Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Packaged Milkshakes Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Packaged Milkshakes Market - Industry Life Cycle |
3.4 Latvia Packaged Milkshakes Market - Porter's Five Forces |
3.5 Latvia Packaged Milkshakes Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Packaged Milkshakes Market Revenues & Volume Share, By Flavor Type, 2021 & 2031F |
3.7 Latvia Packaged Milkshakes Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Latvia Packaged Milkshakes Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Packaged Milkshakes Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for convenient and on-the-go food and beverage options |
4.2.2 Growing health consciousness among consumers, leading to a preference for healthier beverage choices |
4.2.3 Rising disposable income levels in Latvia, allowing consumers to spend more on convenience products like packaged milkshakes |
4.3 Market Restraints |
4.3.1 Intense competition from other beverage categories like juices, energy drinks, and smoothies |
4.3.2 Fluctuating raw material prices, impacting production costs and potentially leading to price fluctuations in the market |
5 Latvia Packaged Milkshakes Market Trends |
6 Latvia Packaged Milkshakes Market, By Types |
6.1 Latvia Packaged Milkshakes Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Packaged Milkshakes Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Packaged Milkshakes Market Revenues & Volume, By Dairy-Based, 2021 - 2031F |
6.1.4 Latvia Packaged Milkshakes Market Revenues & Volume, By Plant-Based, 2021 - 2031F |
6.1.5 Latvia Packaged Milkshakes Market Revenues & Volume, By Protein-Enriched, 2021 - 2031F |
6.1.6 Latvia Packaged Milkshakes Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Packaged Milkshakes Market, By Flavor Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Packaged Milkshakes Market Revenues & Volume, By Chocolate, 2021 - 2031F |
6.2.3 Latvia Packaged Milkshakes Market Revenues & Volume, By Vanilla, 2021 - 2031F |
6.2.4 Latvia Packaged Milkshakes Market Revenues & Volume, By Strawberry, 2021 - 2031F |
6.2.5 Latvia Packaged Milkshakes Market Revenues & Volume, By Coffee, 2021 - 2031F |
6.3 Latvia Packaged Milkshakes Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Packaged Milkshakes Market Revenues & Volume, By Bottles, 2021 - 2031F |
6.3.3 Latvia Packaged Milkshakes Market Revenues & Volume, By Cartons, 2021 - 2031F |
6.3.4 Latvia Packaged Milkshakes Market Revenues & Volume, By Cans, 2021 - 2031F |
6.3.5 Latvia Packaged Milkshakes Market Revenues & Volume, By Pouches, 2021 - 2031F |
6.4 Latvia Packaged Milkshakes Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Packaged Milkshakes Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.4.3 Latvia Packaged Milkshakes Market Revenues & Volume, By Convenience Stores, 2021 - 2031F |
6.4.4 Latvia Packaged Milkshakes Market Revenues & Volume, By Online Stores, 2021 - 2031F |
6.4.5 Latvia Packaged Milkshakes Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
7 Latvia Packaged Milkshakes Market Import-Export Trade Statistics |
7.1 Latvia Packaged Milkshakes Market Export to Major Countries |
7.2 Latvia Packaged Milkshakes Market Imports from Major Countries |
8 Latvia Packaged Milkshakes Market Key Performance Indicators |
8.1 Average daily sales per point of sale (POS) for packaged milkshakes |
8.2 Percentage growth in the number of distribution channels for packaged milkshakes |
8.3 Customer satisfaction scores for various flavors and packaging options of packaged milkshakes |
9 Latvia Packaged Milkshakes Market - Opportunity Assessment |
9.1 Latvia Packaged Milkshakes Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Packaged Milkshakes Market Opportunity Assessment, By Flavor Type, 2021 & 2031F |
9.3 Latvia Packaged Milkshakes Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Latvia Packaged Milkshakes Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Packaged Milkshakes Market - Competitive Landscape |
10.1 Latvia Packaged Milkshakes Market Revenue Share, By Companies, 2024 |
10.2 Latvia Packaged Milkshakes Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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