Latvia Tea Market 2024

Description

The tea in Latvia market size is projected to grow by USD 8.2 million from 2024 to 2029, registering a CAGR of 2.9 percent, according to the latest market data. A growing interest in health and wellness among consumers is driving up demand for green and herbal teas. The trend towards premiumization, with a focus on quality and distinctive flavors, is equally significant.

The report delivers an in-depth analysis of the Latvia tea industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, packaging, and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the tea market.

Market Segmentation

The following outlines the segmentation of the tea market in Latvia:
Product type: black tea, fruit & herbal tea, green tea, others
Packaging: flexible packaging, paper containers, others (glass, metal, etc.)
Distribution channel: convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, others

The Latvia tea market is segmented on the basis of product type, packaging, and distribution channel. On the basis of product type, the tea market in Latvia has been segmented into black tea, fruit & herbal tea, green tea, and others. By packaging, the tea market in Latvia has been segmented into flexible packaging, paper containers, and others (glass, metal, etc.). Based on distribution channel, the tea market in Latvia is categorized into convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others.

Competitive Landscape

The Latvia tea market is highly competitive. Key companies profiled in the report include ZS Doktus, Tata Consumer Products Ltd., Rukisu Teja Z/S, Rigas Farmaceitiska Fabrika A/S, Posti S.A., MOKATE SA, MJF Holdings Limited, Mai Kompanya OAO, Lipton Teas and Infusions, JDE Peet’s N.V., INTEKA SIA, Greenfield Tea Ltd., Ecotone, Basilur Tea Exports (Pvt) Ltd., BARGI SIA, Ahmad Tea Ltd., Acorus Calamus UAB.

This report delivers an in-depth breakdown of key players within the Latvia tea market, outlining their performance from 2019 through 2023. The data reveals significant shifts in market share, highlighting both dominant players and emerging competitors. Armed with this information, businesses can sharpen their competitive edge, adjusting their strategies to navigate a shifting market landscape and positioning themselves for long-term growth.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latvia tea market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia tea market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia tea 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 tea market – product type analysis
Latvia tea market – packaging analysis
Latvia tea market – distribution channel analysis
Key players and market share
– ZS Doktus
– Tata Consumer Products Ltd.
– Rukisu Teja Z/S
– Rigas Farmaceitiska Fabrika A/S
– Posti S.A.
…
Macroeconomic data and forecast
Disclaimer

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