The Latvian dairy products market has seen a consistent growth pattern, reaching a market size value of 392.63 million euros in 2023. Year-on-year, the market experienced increases of 6.37% in 2021, 2.84% in 2022, and 2.74% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 3.8%, indicating steady expansion in the market.
Future trends to watch for include potential impacts from economic fluctuations, changes in consumer preferences towards plant-based alternatives, and regulatory changes affecting dairy production. Additionally, technological advancements and sustainability efforts could shape market dynamics going forward.
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 29,301,000,000 | 2023 | +1.75% | +1.82% | View data |
| 2 | 2 Italy | 22,897,000,000 | 2023 | +0.22% | +0.59% | View data |
| 3 | 3 United Kingdom | 15,427,000,000 | 2023 | +0.5% | +1.71% | View data |
| 4 | 4 Poland | 8,471,800,000 | 2023 | +1.69% | +3.05% | View data |
| 5 | 5 Sweden | 2,959,000,000 | 2023 | +0.2% | -0.97% | View data |
| 16 | 16 Croatia | 1,034,200,000 | 2023 | +1.18% | +0.87% | View data |
| 17 | 17 Lithuania | 994,090,000 | 2023 | +2.82% | +1.92% | View data |
| 18 | 18 Latvia | 392,630,000 | 2023 | +2.74% | +3.8% | |
| 19 | 19 Estonia | 358,770,000 | 2023 | +1.51% | +0.96% | View data |
