The sugar confectionery market in Latvia reached a value of 27.571 million Euros in 2023. Over the last decade, the market has experienced various fluctuations, including a contraction in the mid-2010s and recent growth. The year-on-year growth has been modest, with a 0.65% increase from 2022 to 2023. The five-year CAGR from 2018 to 2023 is 1.04%, reflecting gradual recovery.
Future trends to watch:
- Diversification in product offerings as consumer preferences evolve toward healthier options.
- Potential market expansion fueled by innovative packaging and promotional strategies.
- Impact of economic conditions on consumer spending patterns.
How does Latvia rank in Sugar Confectionery Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,907,600,000 | 2023 | +0.91% | +2.04% | View data |
| 2 | 2 Germany | 1,812,100,000 | 2023 | -1.35% | -4.45% | View data |
| 3 | 3 Italy | 1,389,600,000 | 2023 | -0.29% | -0.4% | View data |
| 4 | 4 France | 1,201,900,000 | 2023 | -1.53% | -1.28% | View data |
| 5 | 5 Spain | 972,420,000 | 2023 | +1.47% | +0.93% | View data |
| 16 | 16 Estonia | 40,566,000 | 2023 | +3.39% | +3.39% | View data |
| 17 | 17 Bulgaria | 38,992,000 | 2023 | +1.79% | -0.02% | View data |
| 18 | 18 Latvia | 27,571,000 | 2023 | +0.65% | +1.04% | |
