From 2013 to 2023, the butter and dairy spreads market in Latvia showed a consistent upward trend, with per capita values increasing from €14.84 to €29.96. The most significant year-on-year growth was between 2016 and 2017, when the market rose sharply. Between 2022 and 2023, the market expanded by about 4.7%, underscoring continuous demand. Over the last five years, the compound annual growth rate (CAGR) is approximately 3.9%, reflecting a stable and sustained interest in these products.
Looking ahead, watch for trends such as a growing preference for healthier alternatives, innovations in spreadable butter products, and potential impacts from economic shifts on consumer spending habits.
How does Latvia rank in Butter and Dairy Spreads Market Size Value Per Capita?
| # | 16 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 60.31 | 2023 | View data | ||
| 2 | 2 Austria | 42.3 | 2023 | View data | ||
| 3 | 3 Lithuania | 39.9 | 2023 | View data | ||
| 4 | 4 Czech Republic | 35.45 | 2023 | View data | ||
| 5 | 5 Slovakia | 32.08 | 2023 | View data | ||
| 6 | 6 Estonia | 31.09 | 2023 | View data | ||
| 7 | 7 Latvia | 29.96 | 2023 | |||
| 8 | 8 Finland | 23.93 | 2023 | View data | ||
| 9 | 9 Slovenia | 22.66 | 2023 | View data | ||
