Key Market Indicators
Latvia's pet food market is projected to reach €1.5 million by 2028, up from €1.3 million in 2023, marking an average annual growth rate of 2.9%. Over the past decade, the Latvian market has experienced a significant year-on-year growth of 16.7%. In the 2023 rankings, Latvia stood at number 26, with Croatia slightly ahead at €1.3 million. The top spots were occupied by France, the United Kingdom, and Spain, respectively. In terms of pet food imports, Latvia is set to reach 58 million kilograms by 2028, up from 50 million kilograms in 2023. This represents an average annual growth rate of 2.4%. Since 1999, the country's demand for pet food has increased by 3.3% each year. Latvia's pet food exports are also on the rise, projected to hit 23 million kilograms by 2028, up from 18 million kilograms in 2023. This growth translates to an average annual rate of 3.6%. Since 1999, Latvian supply has seen an annual increase of 4.7%. In the 2023 rankings, Latvia was positioned at number 35, just behind Norway with 18 million kilograms. The leading exporters in this category were France, the United States, and Poland.
