Between 2013 and 2023, the fresh pastry market in Latvia exhibited growth, reaching a market size value of 134.62 million euros in 2023. Over the last decade, it experienced fluctuations, with significant growth periods like 2019, which saw a 17.24% increase, contrasting with declines in 2020 and 2021. The average annual growth rate (CAGR) over the past five years was 4.49%, indicating consistent market expansion. Notably, the period between 2022 and 2023 reported a 3.72% year-on-year increase.
● Monitor potential shifts in consumer preferences towards healthier alternatives, which could influence market dynamics.
● Economic factors like inflation and disposable income changes could impact purchasing power and market growth.
● Technological innovations in production efficiency and product offerings could shape future market performance.
How does Latvia rank in Fresh Pastry Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,484,900,000 | 2023 | +2% | +1.83% | View data |
| 2 | 2 Italy | 7,705,000,000 | 2023 | +6.13% | +2% | View data |
| 3 | 3 France | 6,145,800,000 | 2023 | +2.69% | -0.1% | View data |
| 4 | 4 United Kingdom | 6,093,000,000 | 2023 | +0.47% | -0.055% | View data |
| 5 | 5 Spain | 2,919,200,000 | 2023 | +0.066% | +0.48% | View data |
| 20 | 20 Slovenia | 166,360,000 | 2023 | +9.13% | +5.54% | View data |
| 21 | 21 Lithuania | 158,640,000 | 2023 | +3.11% | +4.27% | View data |
| 22 | 22 Latvia | 134,650,000 | 2023 | +3.72% | +4.49% | |
| 23 | 23 Estonia | 127,230,000 | 2023 | +6.8% | +2.59% | View data |
