Latvia Alcoholic Beverages Market 2024

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Insights reveal that the Latvia alcoholic beverages market is set for a healthy expansion, with an anticipated growth of USD 1.0 billion, corresponding to a compound annual growth rate (CAGR) of nearly 5.6% from 2024 to 2029. In Latvia, beer remains the most consumed alcoholic beverage, but demand for premium spirits and wine is growing steadily, particularly in urban areas. A rising middle class and an increasing preference for high-quality, imported products are key drivers of this trend. Additionally, the vibrant social scene and strong cultural ties to alcohol consumption are expected to continue supporting market growth in the coming years.

This report provides a thorough assessment of the Latvia alcoholic beverages industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, packaging type and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the alcoholic beverages industry.

The Latvia alcoholic beverages market is categorized into the following segments:
Product: beer, cider/perry, RTDs, spirits, wine
Packaging type: glass bottles, metal cans, others
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, others

The alcoholic beverages market in the Latvia is segmented by product, packaging type and distribution channel. The market is classified by product into beer, cider/perry, RTDs, spirits, and wine. Packaging type segments are divided into glass bottles, metal cans, and others. Distribution channel segments encompass convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, food & drinks specialty stores, grocery stores, bars & HoReCa, e-commerce, and others.

Competitive Landscape

The Latvia alcoholic beverages market remains highly competitive, with major players including Valmiermuizas Alus SIA, UZAVAS ALUS SIA, Royal Unibrew A/S, Pernod Ricard Group, Olvi Oyj, Heineken N.V., Carlsberg A/S, Anora Group Oyj and Amber Beverage Group (ABG).

This comprehensive report analyzes the performance of leading companies in the alcoholic beverages sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latvia alcoholic beverages market.
Gain in-depth analysis and forecasts for the key segments of the Latvia alcoholic beverages market: product, packaging type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia alcoholic beverages market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia alcoholic beverages market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Latvia Alcoholic Beverages Market – Product Analysis
Latvia Alcoholic Beverages Market – Packaging Type Analysis
Latvia Alcoholic Beverages Market – Distribution Channel Analysis
Key Players and Market Share
– Valmiermuizas Alus, SIA
– UZAVAS ALUS, SIA
– Royal Unibrew A/S
– Pernod Ricard Group
– Olvi Oyj
– Heineken N.V.
– Carlsberg A/S
– Anora Group Oyj
– Amber Beverage Group (ABG)
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Latvia Alcoholic Beverages Market 2019-2029
Chart Latvia Alcoholic Beverages Market, Net Growth, 2019-2029
Chart Latvia Alcoholic Beverages Market, Growth Rates, 2019-2029
Table Latvia Alcoholic Beverages Market by Product, 2019-2029
Chart Latvia Alcoholic Beverages Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Latvia Alcoholic Beverages Market by Product, 2019-2029
Table Latvia Alcoholic Beverages Market by Packaging Type, 2019-2029
Chart Latvia Alcoholic Beverages Market by Packaging Type, CAGR Historic and Forecast, 2019-2029
Chart Latvia Alcoholic Beverages Market by Packaging Type, 2019-2029
Table Latvia Alcoholic Beverages Market by Distribution Channel, 2019-2029
Chart Latvia Alcoholic Beverages Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latvia Alcoholic Beverages Market by Distribution Channel, 2019-2029
Table Latvia Alcoholic Beverages Market Share (%), by Companies, 2019-2023
Chart Latvia Alcoholic Beverages Market, by Companies, 2023
Table Latvia Alcoholic Beverages Market Share (%), by Brands, 2019-2023
Chart Latvia Alcoholic Beverages Market, by Brands, 2023
Table Latvia – Population (Millions) and Forecast
Table Latvia – Consumer Price Index (CPI) and Forecast
Table Latvia – Gross Domestic Product and Forecast
Table Latvia Alcoholic Beverages Market: Spend as a Proportion of GDP (%)
Table Latvia Alcoholic Beverages Market: Consumption per Capita (Population)

Companies Mentioned

Valmiermuizas Alus, SIA
UZAVAS ALUS, SIA
Royal Unibrew A/S
Pernod Ricard Group
Olvi Oyj
Heineken N.V.
Carlsberg A/S
Anora Group Oyj
Amber Beverage Group (ABG)

Product Type

Industry Statistics
Region

Europe
Published Date

2024
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