The Latvian ice cream market exhibited steady growth from 2013 to 2023, driven largely by varying year-on-year changes. The market value stood at 62.217 million Euros in 2023. Significant fluctuations were noted over the years, especially with downturns from 2014 to 2017, and an upswing started in 2018. Notably, the last five years (2019-2023) saw an average annual growth rate (CAGR) of 6.19%, reflecting a strong recovery and growth trajectory.
Future trends to watch for include:
- Evolving consumer preferences towards healthier options.
- The impact of economic factors on discretionary spending.
- Technological advancements influencing production and distribution efficiencies.
How does Latvia rank in Ice Cream Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,378,000,000 | 2023 | +0.41% | -2.55% | View data |
| 2 | 2 France | 1,321,400,000 | 2023 | +0.38% | +0.31% | View data |
| 3 | 3 Spain | 1,069,700,000 | 2023 | +0.16% | +1.11% | View data |
| 4 | 4 Poland | 448,960,000 | 2023 | +2.04% | +2.47% | View data |
| 5 | 5 Netherlands | 316,270,000 | 2023 | +3.31% | +0.5% | View data |
| 14 | 14 Bulgaria | 69,689,000 | 2023 | +2.69% | +0.23% | View data |
| 15 | 15 Lithuania | 69,084,000 | 2023 | +3.42% | +0.3% | View data |
| 16 | 16 Latvia | 62,217,000 | 2023 | +1.48% | +6.19% | |
| 17 | 17 Estonia | 60,673,000 | 2023 | +4.46% | +3.16% | View data |
| 18 | 18 Slovakia | 56,609,000 | 2023 | +2.76% | +4.86% | View data |
