The Gums, Fruit Jellies and Fruit Pastes market in Latvia showed fluctuating growth from 2013 to 2023, peaking at 1.649 million kilograms in 2016. The period post-2016 experienced a decrease, followed by a slight recovery reaching 1.5357 million kilograms in 2023. The last two years saw a modest recovery with year-on-year growth of approximately 3.98% in 2022 and 3.76% in 2023. The compound annual growth rate (CAGR) for the past five years was minimal at 0.31%, signifying a relatively flat long-term trend.
Future trends to watch for include:
- Potential market stabilization or modest growth driven by changing consumer preferences towards healthier or more innovative confectionery products.
- The impact of economic conditions on consumer spending power which could affect volume sales.
- Technological advancements in production that may create efficiencies and possibly affect market dynamics.
- Regulatory changes, particularly related to health and food safety standards, that may influence market operations.
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 238,330,000 | 2023 | -0.18% | +0.85% | View data |
| 2 | 2 United Kingdom | 159,650,000 | 2023 | +1.45% | +0.93% | View data |
| 3 | 3 Spain | 86,408,000 | 2023 | -0.32% | +1.11% | View data |
| 4 | 4 France | 79,205,000 | 2023 | -0.3% | +0.82% | View data |
| 5 | 5 Netherlands | 68,683,000 | 2023 | +2.66% | +3.91% | View data |
| 16 | 16 Croatia | 2,946,900 | 2023 | +4.35% | +2.42% | View data |
| 17 | 17 Estonia | 1,845,700 | 2023 | +2.48% | +3.78% | View data |
| 18 | 18 Latvia | 1,535,700 | 2023 | +3.76% | +0.31% | |
