The fresh cheese market in Latvia has demonstrated an overall upward trajectory from 2013 to 2023, with the market size standing at 120.68 million Euros in 2023. The past two years witnessed a steady year-on-year growth of around 3%, while the Compound Annual Growth Rate (CAGR) over the last five years is 4.23%. Notably, the market experienced fluctuations, including a peak growth of 12.34% in 2020, attributed to increased demand during the pandemic, followed by more moderate growth rates in subsequent years.
Looking forward, trends to watch for in the Latvian fresh cheese market include:
- Potential impacts of health and wellness trends boosting demand for artisanal and organic fresh cheeses.
- The influence of rising consumer interest in sustainable and locally-sourced products.
- Possible effects of economic factors such as inflation and supply chain disruptions on pricing and availability.
How does Latvia rank in Fresh Cheese Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 6,634,700,000 | 2023 | +1.55% | +0.24% | View data |
| 2 | 2 United Kingdom | 1,851,600,000 | 2023 | +1.47% | +2.28% | View data |
| 3 | 3 France | 1,820,400,000 | 2023 | +0.36% | +1.05% | View data |
| 4 | 4 Poland | 1,402,100,000 | 2023 | +2.16% | +2.09% | View data |
| 5 | 5 Germany | 1,112,900,000 | 2023 | -0.81% | +0.66% | View data |
| 11 | 11 Portugal | 156,790,000 | 2023 | +4.73% | +7.09% | View data |
| 12 | 12 Slovakia | 154,090,000 | 2023 | +2.74% | +4.37% | View data |
| 13 | 13 Latvia | 120,680,000 | 2023 | +2.96% | +4.23% | |
| 14 | 14 Sweden | 89,711,000 | 2023 | +0.24% | +2.19% | View data |
| 15 | 15 Croatia | 76,241,000 | 2023 | +1.65% | +1.46% | View data |
