Latvia Spirits Market 2025

Projected to undergo a minor increase, the Latvia spirits market size is anticipated to grow from USD 1,110.2 million in 2024 to USD 1,470.9 million by 2030, reflecting a CAGR of 4.8% from 2025 to 2030. Latvia’s spirits market is characterized by a strong affinity for local spirits, especially Riga Black Balsam, a traditional herbal liqueur. However, international spirits such as whiskey, vodka, and gin are gaining popularity, driven by a younger, more cosmopolitan consumer base. The growing cocktail culture in Latvia’s capital, Riga, is increasing demand for premium spirits and more diverse drinking options. As disposable incomes rise, Latvians are becoming more willing to pay for high-quality, imported alcoholic beverages, contributing to the growth of the premium spirits market.

Providing a strategic perspective on the Latvia spirits market, this report analyzes historical trends from 2020 to 2024 and forecasts market developments through 2030. It delves into market size, growth rates, and segment-level insights, uncovering the forces shaping the industry’s future. By examining product type and distribution channel, the report delivers a robust framework for understanding market dynamics and identifying pathways for growth.

Market Segmentation

The Latvia spirits market is classified into the following segments:
Product type: brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, others

The Latvia spirits market is segmented by product type and distribution channel. In terms of product type, the market is segmented into brandy and cognac, liqueurs, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, and others.

Competitive Landscape

The report highlights leading companies in the spirits market, including William Grant & Sons Ltd., Suntory Holdings Limited, S.V.S. La Martiniquaise, Remy Cointreau Group, Pernod Ricard Group, Mast-Jagermeister SE, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Liviko AS, Les Grands Chais De France, Iepirkumu Grupa SIA, Diageo plc, CVH Spirits Ltd., Brown-Forman Corporation, Berlat Grupa SIA, Becle S.A.B. de C.V., Bacardi Limited, Askaneli Bros Ltd., Anora Group Oyj and Amber Beverage Group (ABG).

This analysis offers a comprehensive overview of the main players in the spirits market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latvia spirits market.
Gain in-depth analysis and forecasts for the key segments of the Latvia spirits market: product 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 spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latvia Spirits Market – Product Type Analysis
Latvia Spirits Market – Distribution Channel Analysis
Company Shares Analysis
William Grant & Sons Ltd.
Suntory Holdings Limited
S.V.S. La Martiniquaise
Remy Cointreau Group
Pernod Ricard Group
Mast-Jagermeister SE
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Liviko AS
Les Grands Chais De France
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latvia Spirits Market 2020-2030
Chart Latvia Spirits Market, Net Growth, 2020-2030
Chart Latvia Spirits Market, Growth Rates, 2020-2030
Table Latvia Spirits Market by Product Type, 2020-2030
Chart Latvia Spirits Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latvia Spirits Market by Product Type, 2020-2030
Table Latvia Spirits Market by Distribution Channel, 2020-2030
Chart Latvia Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latvia Spirits Market by Distribution Channel, 2020-2030
Table Latvia Spirits Market Share (%), by Companies, 2020-2024
Chart Latvia Spirits Market, by Companies, 2024
Table Latvia Spirits Market Share (%), by Brands, 2020-2024
Chart Latvia Spirits 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 Spirits Market: Spend as a Proportion of GDP (%)
Table Latvia Spirits Market: Consumption per Capita (Population)

Companies Mentioned

William Grant & Sons Ltd.
Suntory Holdings Limited
S.V.S. La Martiniquaise
Remy Cointreau Group
Pernod Ricard Group
Mast-Jagermeister SE
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Liviko AS
Les Grands Chais De France
Iepirkumu Grupa SIA
Diageo plc
CVH Spirits Ltd.
Brown-Forman Corporation
Berlat Grupa, SIA
Becle, S.A.B. de C.V.
Bacardi Limited
Askaneli Bros Ltd.
Anora Group Oyj
Amber Beverage Group (ABG)