Latvia Wine Market 2025

The Latvia wine market is expected to experience robust growth, with a projected increase of USD 129.7 million and a CAGR of approximately 5.2% throughout the forecast period. Latvia’s wine market is expanding, driven by a shift in consumer preferences towards more sophisticated beverages. The younger, urban population is increasingly embracing wine as an alternative to traditional spirits, influenced by global trends. Wine consumption is also growing in the hospitality sector, where wine lists are becoming more diverse and international in scope. Furthermore, the rising middle class with greater disposable income is facilitating the growth of wine retail, with a growing number of wine shops and e-commerce platforms enhancing accessibility.

This report provides a comprehensive analysis of the Latvia wine market, combining historical data from 2020 to 2024 with forward-looking projections through 2030. It examines market size, growth rates, and key trends, offering a detailed perspective on the industry’s evolution. The analysis is structured across critical dimensions, including product type, packaging and distribution channel, enabling stakeholders to identify opportunities and make informed strategic decisions.

Market Segmentation

The segmentation of the Latvia wine market is outlined below:
Product type: fortified wine (port, vermouth, others), non-grape wine, sparkling wine (champagne, others), still wine (still red wine, still rosé wine, still white wine)
Packaging: glass, metal, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, others

The Latvia wine market is categorized by product type, packaging and distribution channel. By product type, the market features fortified wine (port, vermouth, others), non-grape wine, sparkling wine (champagne, others), and still wine (still red wine, still rosé wine, still white wine). Packaging segments cover glass, metal, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, food and drinks stores, grocery stores, bars and HoReCa, and others.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latvia wine market.
Gain in-depth analysis and forecasts for the key segments of the Latvia wine market: product type, packaging 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 wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia wine market with informed projections.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latvia Wine Market – Product Type Analysis
Latvia Wine Market – Packaging Analysis
Latvia Wine Market – Distribution Channel Analysis
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latvia Wine Market 2020-2030
Chart Latvia Wine Market, Net Growth, 2020-2030
Chart Latvia Wine Market, Growth Rates, 2020-2030
Table Latvia Wine Market by Product Type, 2020-2030
Chart Latvia Wine Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latvia Wine Market by Product Type, 2020-2030
Table Latvia Wine Market by Packaging, 2020-2030
Chart Latvia Wine Market by Packaging, CAGR Historic and Forecast, 2020-2030
Chart Latvia Wine Market by Packaging, 2020-2030
Table Latvia Wine Market by Distribution Channel, 2020-2030
Chart Latvia Wine Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latvia Wine Market by Distribution Channel, 2020-2030
Table Latvia – Population (Millions) and Forecast
Table Latvia – Consumer Price Index (CPI) and Forecast
Table Latvia – Gross Domestic Product and Forecast
Table Latvia Wine Market: Spend as a Proportion of GDP (%)
Table Latvia Wine Market: Consumption per Capita (Population)