The Latvian flavoured liquid milk products market stood at 17.934 million kilograms in 2023, reflecting a slight decline of 1.16% compared to the previous year. Over the past decade, the market has experienced fluctuations, notably dropping in 2015 and 2017, but posted a significant increase in 2019. The five-year compound annual growth rate (CAGR) is modest at 0.51%, emphasizing a relatively stable yet slightly declining market trajectory.
- Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives.
- Innovations in flavors and health-focused formulations might drive renewed interest in flavoured milk products.
- Economic factors and health trends will likely shape demand dynamics.
How does Latvia rank in Flavoured Liquid Milk Products Market Size Volume?
| # | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,320,700,000 | 2023 | -0.59% | -1.54% | View data |
| 2 | 2 Germany | 949,250,000 | 2023 | -3.61% | -4.05% | View data |
| 3 | 3 Italy | 347,870,000 | 2023 | -0.54% | -5.97% | View data |
| 4 | 4 Poland | 277,020,000 | 2023 | +0.97% | +0.7% | View data |
| 5 | 5 Portugal | 172,060,000 | 2023 | -1.49% | -2.28% | View data |
| 10 | 10 Austria | 29,803,000 | 2023 | -2.93% | -3.38% | View data |
| 11 | 11 Lithuania | 21,380,000 | 2023 | -0.29% | -0.29% | View data |
| 12 | 12 Latvia | 17,934,000 | 2023 | -1.16% | +0.51% | |
| 13 | 13 Croatia | 16,538,000 | 2023 | +0.041% | -0.93% | View data |
| 14 | 14 Estonia | 15,719,000 | 2023 | -1.92% | -0.46% | View data |
