The Fermented Milk Products market in Latvia has shown fluctuations over the past decade, peaking in 2015 at 23.93 kg per capita and slightly declining thereafter. By 2023, consumption stood at 23.02 kg per capita, a minor decrease highlighting stable demand. The year-on-year variation reveals a slight overall decline, while the CAGR over the last five years indicates modest contraction. Variations in the last two years were stable, emphasizing resilience in market demand.
Future trends to watch include potential shifts towards plant-based alternatives, health-oriented products prompting innovations, and economic factors impacting disposable income, which could affect consumption patterns moving forward.
How does Latvia rank in Fermented Milk Products Market Size Volume Per Capita?
| # | 18 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 25.13 | 2023 | View data | ||
| 2 | 2 Estonia | 24.35 | 2023 | View data | ||
| 3 | 3 Latvia | 23.02 | 2023 | |||
| 4 | 4 Lithuania | 21.67 | 2023 | View data | ||
| 5 | 5 Croatia | 18.28 | 2023 | View data | ||
