The Latvian ice cream market is projected to expand by USD 13.6 million between 2025 and 2030, advancing at a compound annual growth rate of 3.05%. Growth is closely tied to seasonal dynamics, with longer and hotter summers serving as a critical driver of consumption. Ice cream remains largely an impulse purchase, and heatwaves have consistently amplified sales volumes, reinforcing the categoryโs dependence on weather-related factors.
Amid this seasonal uplift, price sensitivity continues to shape consumer choices. Rising living costs have sharpened demand for affordable options, fueling the success of private labels and discount retailers. Locally established brands have retained leadership by maintaining accessible pricing, offering wide product assortments, and ensuring strong availability across channels. Single-serve formats, often purchased for immediate consumption, are particularly favored in this environment, as they combine affordability with convenience.
Alongside price considerations, consumer awareness of health and wellness is beginning to influence category development, albeit from a niche base. Interest in high-protein, low-sugar, and lactose-free formulations is gradually expanding, reflecting a broader alignment with healthier lifestyles. Although still secondary to mainstream price-driven demand, these products are carving out opportunities in premium segments and appealing to younger, more health-conscious demographics.
By balancing affordability with incremental innovation, Latviaโs ice cream sector is positioned to achieve steady, weather-boosted growth while adapting to shifting consumer expectations.
This report provides a strategic analysis of the Latvia ice cream market, examining historical trends from 2020 to 2024 and forecasting developments through 2030. It assesses market size, growth trajectories, and key drivers of change, offering a comprehensive view of the industryโs future. By dissecting the market into product type, category and distribution channel, the report identifies high-potential opportunities and actionable strategies for market players to thrive in a competitive landscape.
Report Highlights
Providing a forward-looking view of the Latvia ice cream market, this report presents size estimates from 2020 to 2030, with figures in (Tons/USD). Actual data (2020โ2024) and projections (2025โ2030) are supplemented with CAGR metrics to reveal both past momentum and future trajectory. Key segmentation areas – product type, category and distribution channel – highlight where growth is accelerating. The analysis is tailored to inform capital deployment, market expansion, and competitive positioning.
In addition to granular market metrics, the report captures the broader structural shifts that define the industryโs trajectory. Using proprietary analysis and cross-referenced economic indicators, it maps the interaction between innovations, policy, and consumption patterns. This enables strategic foresight into future growth zones, disruption risk, and innovation-led differentiation, especially within product-focused and region-specific segments.
The report also delivers a comprehensive evaluation of market share changes and core brand performance among leading players from 2020 to 2024. It reveals competitive dynamics and trends in market concentration, providing granular market share comparisons and trend analyses. This equips users to better understand competitive advantages and challenges, thereby informing differentiated market strategies and investment decisions with robust empirical evidence.
Market Segmentation
The Latvia ice cream market is categorized into the following segments:
Product type โ e.g., impulse ice cream, plant-based ice cream, take-home ice cream
Category โ e.g., dairy ice cream, water ice cream
Distribution channel โ e.g., convenience stores, discounters, e-commerce, food specialty stores, foodservice channels, forecourts, hypermarkets, small grocery stores, supermarkets, others
Macroeconomic & Demographic Indicators
Supporting context includes:
Total population
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Per capita consumption
Consumer spending as a percentage of GDP
These variables enhance understanding of consumption potential and macroeconomic trends affecting the market.
Competitive Landscape: Market Share Analysis
Alongside sizing and segmentation data, the report includes market share breakdowns for primary players in the ice cream market in Latvia, highlighting dominant firms and brand-level movements.
Agrolats, SIA
AS Balbiino
Food Union Group
Rujienas Saldejums, SIA
Unilever PLC
This section helps stakeholders evaluate market concentration, identify partnership opportunities, and track shifts in leadership.
Why Choose This Report?
Access accurate and up-to-date market size data for the Latvia ice cream sector.
Obtain granular insights across key segments, including product type, category and distribution channel.
Understand the underlying market dynamics through expert-driven analysis of growth drivers, barriers, and structural shifts.
Identify attractive investment areas by tracking fast-growing categories and emerging consumption patterns.
Evaluate the competitive landscape to support timing, positioning, and strategic decision-making.
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Deliverables Include
Professionally structured PDF report
Full EXCEL databook with year-by-year figures and multi-dimensional segmentation from 2020 to 2030
Table of Contents
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latvia Ice Cream Market – Product Type Analysis
Latvia Ice Cream Market – Category Analysis
Latvia Ice Cream Market – Distribution Channel Analysis
Company Shares Analysis
Agrolats, SIA
AS Balbiino
Food Union Group
Rujienas Saldejums, SIA
Unilever PLC
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Latvia Ice Cream Market 2020-2030
Chart Latvia Ice Cream Market, Net Growth, 2020-2030
Chart Latvia Ice Cream Market, Growth Rates, 2020-2030
Table Latvia Ice Cream Market by Product Type, 2020-2030
Chart Latvia Ice Cream Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latvia Ice Cream Market by Product Type, 2020-2030
Table Latvia Ice Cream Market by Category, 2020-2030
Chart Latvia Ice Cream Market by Category, CAGR Historic and Forecast, 2020-2030
Chart Latvia Ice Cream Market by Category, 2020-2030
Table Latvia Ice Cream Market by Distribution Channel, 2020-2030
Chart Latvia Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latvia Ice Cream Market by Distribution Channel, 2020-2030
Table Latvia Ice Cream Market Share (%), by Companies, 2020-2024
Chart Latvia Ice Cream Market, by Companies, 2024
Table Latvia Ice Cream Market Share (%), by Brands, 2020-2024
Chart Latvia Ice Cream Market, by Brands, 2024
Table Latvia – Population (Millions) and Forecast
Table Latvia – Consumer Price Index (CPI) and Forecast
Table Latvia – Gross Domestic Product and Forecast
Table Latvia Ice Cream Market: Spend as a Proportion of GDP (%)
Table Latvia Ice Cream Market: Consumption per Capita (Population)