Latvia Ice Cream Market 2024

Description

According to the latest data, the market size of the ice cream industry in Latvia is expected to rise by USD 21.2 million with a CAGR of 3.8% by the end of 2029. Ice cream manufacturers are at the forefront of innovation, introducing new flavors and health-focused options such as low-fat, sugar-free, and plant-based varieties. These innovations attract health-conscious consumers who avoid traditional high-sugar, high-fat ice creams. Major brands invest heavily in marketing campaigns, including digital marketing, influencer partnerships, and community involvement, to capture the attention of younger demographics.

Additionally, the booming tourism sector provides a substantial growth impetus for the ice cream market. Tourists seek quick and unique consumable products, such as regionally distinct ice cream flavors, which significantly boosts market growth.

This report provides a thorough assessment of the Latvia ice cream 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 type, product type, ingredient, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the ice cream industry.

Market Segmentation

The ice cream market in Latvia is categorized into the following segments:
Type: dairy ice cream, water ice cream, others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, others
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, others

The Latvia ice cream market is segmented on the basis of type, product type, ingredient, and distribution channel. Based on type, the ice cream market in Latvia is categorized into dairy ice cream, water ice cream, and others (plant based ice cream). On the basis of product type, the ice cream market in Latvia has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. By ingredient, the ice cream market in Latvia has been segmented into fats and oils, milk, sweeteners, and others. Based upon distribution channel, the ice cream market in Latvia is also categorized into foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others.

Competitive Landscape

The ice cream market is dominated by key players, which are Unilever PLC, Rujienas Saldejums SIA, Food Union Group, AS Balbiino, Agrolats SIA.

This report provides a comprehensive analysis of the key players in the Latvia ice cream market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latvia ice cream market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia ice cream market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewLatvia ice cream market – type analysis
Latvia ice cream market – product type analysis
Latvia ice cream market – ingredient analysis
Latvia ice cream market – distribution channel analysis
Key players and market share
– Unilever PLC
– Rujienas Saldejums, SIA
– Food Union Group
– AS Balbiino
– Agrolats, SIA
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Latvia ice cream market 2019-2029
Chart Latvia ice cream market, net growth, 2019-2029
Chart Latvia ice cream market, growth rates, 2019-2029
Table Latvia ice cream market by type, 2019-2029
Chart Latvia ice cream market by type, CAGR historic and forecast, 2019-2029
Chart Latvia ice cream market by type, 2019-2029
Table Latvia ice cream market by product type, 2019-2029
Chart Latvia ice cream market by product type, CAGR historic and forecast, 2019-2029
Chart Latvia ice cream market by product type, 2019-2029
Table Latvia ice cream market by ingredient, 2019-2029
Chart Latvia ice cream market by ingredient, CAGR historic and forecast, 2019-2029
Chart Latvia ice cream market by ingredient, 2019-2029
Table Latvia ice cream market by distribution channel, 2019-2029
Chart Latvia ice cream market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latvia ice cream market by distribution channel, 2019-2029
Table Latvia ice cream market share (%), by companies, 2019-2023
Chart Latvia ice cream market, by companies, 2023
Table Latvia ice cream market share (%), by brands, 2019-2023
Chart Latvia ice cream 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 ice cream market: spend as a proportion of GDP (%)
Table Latvia ice cream market: consumption per capita (population)