The fermented milk products market in Latvia showed a fluctuating pattern from 2013 to 2023, with a gradual decline in recent years. The market reached 42.966 million kilograms in 2023, continuing a downward trend. The year-on-year variations have been mostly negative, with a slight momentary increase in 2020. Over the last five years, the CAGR stands at -1.1%, indicating a consistent decrease in volume.
Future trends to watch for include a potential shift towards health-conscious consumer preferences, which may affect the demand for traditional fermented milk products. Additionally, innovation in product offerings and an increasing focus on sustainability could reshape the market landscape.
How does Latvia rank in Fermented Milk Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
| 2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
| 3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
| 4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
| 5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | View data |
| 13 | 13 Finland | 54,007,000 | 2023 | -0.82% | +0.71% | View data |
| 14 | 14 Slovakia | 47,916,000 | 2023 | +1.2% | +1.31% | View data |
| 15 | 15 Latvia | 42,966,000 | 2023 | -0.67% | -1.1% | |
| 16 | 16 Ireland | 40,181,000 | 2023 | +0.34% | +1.18% | View data |
| 17 | 17 Slovenia | 33,822,000 | 2023 | +2.84% | +2.02% | View data |
