In Latvia, the chocolate confectionery market size value per capita grew from €10.2 in 2013 to €16.64 in 2023. Between 2022 and 2023, the market saw a year-on-year increase of 2.15%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 stands at 1.98%, reflecting consistent market growth.
Future trends to watch for:
- Health-conscious consumer preferences driving demand for premium and organic chocolate options.
- Innovation in chocolate flavors and formulations to maintain consumer interest.
- Potential impacts of economic factors and inflation on purchasing power and luxury item consumption.
How does Latvia rank in Chocolate Confectionery Market Size Value Per Capita?
| # | 15 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 116.88 | 2023 | View data | ||
| 2 | 2 Finland | 88.29 | 2023 | View data | ||
| 3 | 3 Denmark | 87.54 | 2023 | View data | ||
| 4 | 4 Slovenia | 81.82 | 2023 | View data | ||
| 5 | 5 France | 57.59 | 2023 | View data | ||
| 13 | 13 Czech Republic | 22.71 | 2023 | View data | ||
| 14 | 14 Portugal | 22.02 | 2023 | View data | ||
| 15 | 15 Latvia | 16.64 | 2023 | |||
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