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Latvia Food Ingredient Industry Outlook 2022 - 2026

See how Latvia Food Ingredient performed compared to key markets.

Key Market Indicators

Latvian food sales are expected to reach nearly €2 billion by 2026, up from €1.82 billion in 2021, growing at an average rate of 1.3% year-on-year. Since 2010, the Latvian market has grown at a rate of 4.7% year-on-year. Latvian food expenditures are projected to reach €3.45 billion by 2026, up from €3.11 billion in 2021, with an average year-on-year growth rate of 1.7%. Since 2000, Latvian demand has risen 4.6% year-on-year. Latvian food production is forecast to reach $1.25 billion by 2026, up from $1.21 billion in 2021, with an average year-on-year increase of 0.6%. Since 1997, Latvian supply has declined by 1% year-on-year.

Latvia Food Ingredient Market Data and Forecasts

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