The Latvian flavoured liquid milk products market has demonstrated a steady growth pattern from 2013 to 2023, with a significant increase from 15.25 Euros per capita in 2013 to 24.34 Euros per capita in 2023. Over the last two years, from 2021 to 2023, the market's year-on-year growth rates were approximately 2.68% and 2.79%, reflecting consistent demand. The five-year compound annual growth rate (CAGR) was around 4.22%, underscoring a strong and sustained expansion.
Future trends to watch for:
- Consumer preference shifts towards healthier and functional flavoured milk options.
- Potential impact of economic factors on consumer purchasing power and demand.
- Technological advancements in production enhancing efficiency and product variety.
How does Latvia rank in Flavoured Liquid Milk Products Market Size Value Per Capita?
| # | 17 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 France | 48.35 | 2023 | View data | ||
| 2 | 2 Finland | 43.65 | 2023 | View data | ||
| 3 | 3 Germany | 28.74 | 2023 | View data | ||
| 4 | 4 Estonia | 27.84 | 2023 | View data | ||
| 5 | 5 Latvia | 24.34 | 2023 | |||
| 6 | 6 Ireland | 20.69 | 2023 | View data | ||
| 7 | 7 Italy | 17.72 | 2023 | View data | ||
