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Latvia Food Industry Outlook 2024 - 2028

See how Latvia Food performed compared to key markets such as Germany, France and Italy.

Key Market Indicators

Latvian food expenditures are projected to climb to approximately €5.4 billion by 2028, up from around €4.3 billion in 2023. This growth represents an average annual increase of 3.7%. Since the turn of the millennium, Latvia's demand for food has surged at an average annual rate of 8.8%. In the global ranking for 2023, Latvia held the 26th spot. Bosnia and Herzegovina edged out Latvia with expenditures of about €4.3 billion. Leading the list were France, Italy, and the United Kingdom, occupying the second, third, and fourth positions, respectively. Turning to food sales, Latvia is expected to see revenues reach around €2 billion by 2028, up from €1.85 billion in 2023, marking an annual growth rate of 1.4%. Since 2010, the Latvian market has increased at an annual rate of 2%. In 2023, Latvia ranked 28th in food sales, just behind Estonia, which also posted revenues of €1.85 billion. The top spots in this category were held by France, Italy, and Spain, respectively.

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Latvia Food Market Data and Forecasts

What is the size of the Latvian Food Market in 2024?

Dairy Products Market Size Value in Latvia
Meat and Poultry Meat Products Market Size Value in Latvia
Meat Market Size Value in Latvia
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How much will Latvia Food Market grow to 2028?

Forecast: Export of Beverages, Spirits and Vinegar from Latvia
Forecast: Import of Beverages, Spirits and Vinegar to Latvia
Forecast: Export of Dairy Products and Cheese from Latvia
Forecast: Dairy Products Market Size Value in Latvia
Forecast: Export of Milk with a Fat Content 1-6% from Latvia
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