The soft drinks market in Latvia saw fluctuations from 2013 to 2023, with per capita consumption reaching 135.71 liters in 2023. The year-on-year growth varied but showed an overall upward trend, especially notable between 2018 and 2023. After a minor decline in 2020 due to the pandemic, the market rebounded through consistent growth, with a 2.1% increase from 2022 to 2023. The compound annual growth rate (CAGR) for the past five years stands at approximately 0.9%, highlighting gradual recovery and stable demand.
Future trends to watch for include:
- The impact of health awareness on sugary drink consumption.
- Growth in alternative beverages like sparkling water and functional drinks.
- Potential effects of economic changes on consumer purchasing power.
- Technological advancements in packaging and sustainability measures.
How does Latvia rank in Soft Drinks Market Size Volume Per Capita?
| # | 19 Countries | Liters Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 348.79 | 2023 | View data | ||
| 2 | 2 Austria | 309.23 | 2023 | View data | ||
| 3 | 3 Spain | 276.27 | 2023 | View data | ||
| 4 | 4 Bulgaria | 234.74 | 2023 | View data | ||
| 5 | 5 Poland | 230.28 | 2023 | View data | ||
| 14 | 14 Croatia | 153.82 | 2023 | View data | ||
| 15 | 15 Netherlands | 146.41 | 2023 | View data | ||
| 16 | 16 Latvia | 135.71 | 2023 | |||
| 17 | 17 Finland | 132.29 | 2023 | View data | ||
| 18 | 18 Sweden | 100.17 | 2023 | View data | ||
