The non-processed cheese market in Latvia reached a size of 93.579 million Euros in 2023. Analysis over the last decade shows fluctuations with notable peaks during 2017 and significant declines in subsequent years. An average year-on-year increase was observed, including the consistent growth mark of 2.42% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 is 2.52% signifying a steady recovery and market adaptation over these years.
Future trends to watch for:
- Potential influence of consumer preference shifts towards healthier, natural, and traditional products.
- Impact of global supply chain dynamics and potential regulatory changes.
- Emerging market players introducing innovative and premium cheese varieties.
How does Latvia rank in Non-Processed Cheese Market Size Value?
| # | 22 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9,593,500,000 | 2023 | +6.85% | +6.4% | View data |
| 2 | 2 France | 9,013,700,000 | 2023 | +2.41% | +0.71% | View data |
| 3 | 3 United Kingdom | 3,805,600,000 | 2023 | +1.23% | +2.3% | View data |
| 4 | 4 Poland | 1,983,800,000 | 2023 | +3.09% | +3.22% | View data |
| 5 | 5 Sweden | 1,308,200,000 | 2023 | +1.77% | +2.82% | View data |
| 19 | 19 Slovenia | 136,630,000 | 2023 | +0.86% | +0.23% | View data |
| 20 | 20 Estonia | 119,330,000 | 2023 | +3.16% | +2.42% | View data |
| 21 | 21 Latvia | 93,579,000 | 2023 | +2.42% | +2.52% | |
| 22 | 22 Luxembourg | 71,903,000 | 2023 | +1.42% | +5.28% | View data |
