| Product Code: ETC5208201 | 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 continued to show strong reliance on processed food imports, with top exporters being Estonia, Poland, Lithuania, Spain, and Sweden. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a notable Compound Annual Growth Rate (CAGR) of 18.07% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -0.44%. This data suggests a mature market with steady growth potential, as Latvia remains a key player in the processed food import sector within the region.

By 2027, Latvia's Processed Food market is forecasted to achieve a stable growth rate of 4.59%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Processed Food Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Processed Food Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Processed Food Market - Industry Life Cycle |
3.4 Latvia Processed Food Market - Porter's Five Forces |
3.5 Latvia Processed Food Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.6 Latvia Processed Food Market Revenues & Volume Share, By Product type, 2021 & 2031F |
3.7 Latvia Processed Food Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Processed Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization leading to higher demand for convenient food options |
4.2.2 Growing health consciousness among consumers driving demand for organic and natural processed foods |
4.2.3 Rising disposable incomes leading to higher spending on processed food products |
4.3 Market Restraints |
4.3.1 Increasing competition from local and international processed food companies |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Stringent government regulations related to food safety and labeling |
5 Latvia Processed Food Market Trends |
6 Latvia Processed Food Market Segmentations |
6.1 Latvia Processed Food Market, By Process |
6.1.1 Overview and Analysis |
6.1.2 Latvia Processed Food Market Revenues & Volume, By Minimally, 2021-2031F |
6.1.3 Latvia Processed Food Market Revenues & Volume, By Highly, 2021-2031F |
6.2 Latvia Processed Food Market, By Product type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Processed Food Market Revenues & Volume, By Plant based, 2021-2031F |
6.2.3 Latvia Processed Food Market Revenues & Volume, By Fruits , 2021-2031F | 6.2.4 Latvia Processed Food Market Revenues & Volume, By Vegetables, 2021-2031F |
6.2.5 Latvia Processed Food Market Revenues & Volume, By Legumes , 2021-2031F |
6.2.6 Latvia Processed Food Market Revenues & Volume, By Extracted foods, 2021-2031F |
6.2.7 Latvia Processed Food Market Revenues & Volume, By Others, 2021-2031F |
6.2.8 Latvia Processed Food Market Revenues & Volume, By Milk , 2021-2031F |
6.2.9 Latvia Processed Food Market Revenues & Volume, By Milk , 2021-2031F |
6.3 Latvia Processed Food Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Processed Food Market Revenues & Volume, By Baked foods, 2021-2031F |
6.3.3 Latvia Processed Food Market Revenues & Volume, By Baby food, 2021-2031F |
6.3.4 Latvia Processed Food Market Revenues & Volume, By Breakfast Cereal, 2021-2031F |
6.3.5 Latvia Processed Food Market Revenues & Volume, By Biscuits, 2021-2031F |
6.3.6 Latvia Processed Food Market Revenues & Volume, By Cheese, 2021-2031F |
6.3.7 Latvia Processed Food Market Revenues & Volume, By Chocolate confectionary, 2021-2031F |
6.3.8 Latvia Processed Food Market Revenues & Volume, By Instant Noodles, 2021-2031F |
6.3.9 Latvia Processed Food Market Revenues & Volume, By Instant Noodles, 2021-2031F |
7 Latvia Processed Food Market Import-Export Trade Statistics |
7.1 Latvia Processed Food Market Export to Major Countries |
7.2 Latvia Processed Food Market Imports from Major Countries |
8 Latvia Processed Food Market Key Performance Indicators |
8.1 Consumer demand for organic and natural processed food products |
8.2 Adoption rate of new processing technologies in the market |
8.3 Number of new product launches in the processed food segment |
8.4 Consumer perception and rating of processed food brands |
8.5 Market penetration of processed food products in different regions of Latvia |
9 Latvia Processed Food Market - Opportunity Assessment |
9.1 Latvia Processed Food Market Opportunity Assessment, By Process, 2021 & 2031F |
9.2 Latvia Processed Food Market Opportunity Assessment, By Product type, 2021 & 2031F |
9.3 Latvia Processed Food Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Processed Food Market - Competitive Landscape |
10.1 Latvia Processed Food Market Revenue Share, By Companies, 2024 |
10.2 Latvia Processed Food Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |