The bottled water market in Latvia reached a size value of 56.671 million Euros in 2023. Notably, the market experienced steady growth, with a year-on-year increase of 3.78% in 2023, following a 3.98% increase in 2022. However, long-term growth has decelerated with a CAGR of 0.73% over the last five years, compared to higher rates observed in earlier years.
Future trends to watch for:
- Increased consumer preference for sustainable packaging and environmentally friendly practices.
- Emergence of flavored and functional bottled water driving market segmentation.
- Potential impacts of regulatory changes related to environmental and health standards.
How does Latvia rank in Bottled Water Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,840,400,000 | 2023 | +2.05% | +1.46% | View data |
| 2 | 2 Italy | 3,614,000,000 | 2023 | +1.54% | +0.13% | View data |
| 3 | 3 Spain | 1,811,400,000 | 2023 | +1.72% | +0.36% | View data |
| 4 | 4 United Kingdom | 1,095,200,000 | 2023 | +2.3% | +1.3% | View data |
| 5 | 5 Poland | 1,079,000,000 | 2023 | +2.1% | +2.09% | View data |
| 14 | 14 Finland | 102,470,000 | 2023 | -0.54% | +4.68% | View data |
| 15 | 15 Lithuania | 70,173,000 | 2023 | +1.7% | +2.71% | View data |
| 16 | 16 Latvia | 56,671,000 | 2023 | +3.78% | +0.73% | |
| 17 | 17 Denmark | 49,020,000 | 2023 | -4.63% | -1.88% | View data |
| 18 | 18 Estonia | 42,698,000 | 2023 | +5.98% | +2.07% | View data |
