From 2013 to 2023, the fresh pastry market size value per capita in Latvia grew consistently with only minor declines in 2020 and 2021, reaching €72.43 in 2023. The years 2022 to 2023 showed a robust year-on-year increase of approximately 4.37%. Over the past five years, the market experienced an average annual growth rate (CAGR) of about 5%. This trend highlights a resilient demand for fresh pastries in Latvia, demonstrating a strong consumer base.
Future trends to watch for include the impact of economic fluctuations on discretionary spending and potential shifts towards premium or healthier pastry options as consumer preferences evolve. Additionally, monitoring the effects of inflation and cost of ingredients on pricing and purchasing patterns will be crucial.
How does Latvia rank in Fresh Pastry Market Size Value Per Capita?
| # | 23 Countries | Euros Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 110.82 | 2023 | View data | ||
| 2 | 2 Germany | 98.65 | 2023 | View data | ||
| 3 | 3 Estonia | 96.07 | 2023 | View data | ||
| 4 | 4 Italy | 94.02 | 2023 | View data | ||
| 5 | 5 Austria | 91.11 | 2023 | View data | ||
| 7 | 7 France | 86.91 | 2023 | View data | ||
| 8 | 8 Slovenia | 75.61 | 2023 | View data | ||
| 9 | 9 Latvia | 72.43 | 2023 | |||
| 10 | 10 Finland | 71.65 | 2023 | View data | ||
| 11 | 11 Spain | 62.16 | 2023 | View data | ||
