| Product Code: ETC7924383 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import of waffles into Latvia in 2024 continued to show strong growth, with Lithuania, Estonia, Poland, Germany, and Ukraine being the top exporting countries. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained moderate, indicating a competitive landscape. The impressive compound annual growth rate (CAGR) of 26.57% from 2020 to 2024 highlights the increasing popularity of waffles in Latvia. Furthermore, the growth rate of 13.01% from 2023 to 2024 suggests sustained momentum in the market, making it an attractive opportunity for both domestic and international waffle producers.

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 Waffles Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Waffles Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Waffles Market - Industry Life Cycle |
3.4 Latvia Waffles Market - Porter's Five Forces |
3.5 Latvia Waffles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Waffles Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Waffles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer interest in convenient and indulgent breakfast options |
4.2.2 Growing trend of snacking and on-the-go eating habits |
4.2.3 Rising popularity of specialty and gourmet food products in the market |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition from other breakfast/snack options in the market |
4.3.3 Changing consumer preferences and dietary trends impacting demand for waffles |
5 Latvia Waffles Market Trends |
6 Latvia Waffles Market, By Types |
6.1 Latvia Waffles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Waffles Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Waffles Market Revenues & Volume, By Traditional Waffle (Homestyle Waffle), 2021- 2031F |
6.1.4 Latvia Waffles Market Revenues & Volume, By Flavored Waffle, 2021- 2031F |
6.2 Latvia Waffles Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Waffles Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.2.3 Latvia Waffles Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Latvia Waffles Market Revenues & Volume, By Specialist Retailers, 2021- 2031F |
6.2.5 Latvia Waffles Market Revenues & Volume, By Online Retailers, 2021- 2031F |
7 Latvia Waffles Market Import-Export Trade Statistics |
7.1 Latvia Waffles Market Export to Major Countries |
7.2 Latvia Waffles Market Imports from Major Countries |
8 Latvia Waffles Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms for waffle-related content |
8.2 Number of new product launches and innovations in the waffle market |
8.3 Participation and presence of waffle brands in food festivals and events |
8.4 Percentage of repeat purchases from loyal waffle consumers |
8.5 Customer satisfaction scores and feedback related to waffle quality and taste |
9 Latvia Waffles Market - Opportunity Assessment |
9.1 Latvia Waffles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Waffles Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Waffles Market - Competitive Landscape |
10.1 Latvia Waffles Market Revenue Share, By Companies, 2024 |
10.2 Latvia Waffles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |