In 2023, Latvia's flavored liquid milk market reached a value of €45.626 million, marking a continuous growth over preceding years. The market exhibited a steady upward trend with fluctuating growth rates. Year-on-year growth from 2022 to 2023 was 2.44%. The last five-year CAGR stood at 4.35%, reflecting consistent expansion from 2018 onwards. Peak growth occurred around 2019, driven by notable market dynamics.
Future trends to watch include:
- Innovation in flavors and health-centric formulations that could drive further demand.
- Potential challenges from alternative milk products rising in popularity.
- Emerging sustainability trends impacting production and packaging preferences.
How does Latvia rank in Flavoured Liquid Milk Products Market Size Value?
| # | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,390,400,000 | 2023 | -0.00045% | +826.24% | View data |
| 2 | 2 Germany | 2,406,900,000 | 2023 | -1.33% | -3.33% | View data |
| 3 | 3 Italy | 1,167,100,000 | 2023 | +2.02% | +0.54% | View data |
| 4 | 4 Poland | 507,040,000 | 2023 | +0.28% | +0.69% | View data |
| 5 | 5 Finland | 225,520,000 | 2023 | -3.24% | -2.08% | View data |
| 14 | 14 Croatia | 51,574,000 | 2023 | +3.34% | +1.96% | View data |
| 15 | 15 Lithuania | 47,763,000 | 2023 | +1.11% | +1.75% | View data |
| 16 | 16 Latvia | 45,626,000 | 2023 | +2.44% | +4.35% | |
| 17 | 17 Estonia | 36,578,000 | 2023 | +1.18% | +2.62% | View data |
