According to the latest research, the beer market in Latvia is poised to grow by USD 121.6 million during 2024-2029, progressing at a CAGR of 4.7% during the forecast period. The advent of artisanal breweries has greatly augmented the diversity of flavors within the beer industry. In contrast to the mass-produced beers that previously inundated the market, consumers can now savor products of manifold styles encompassing ales, lagers and specialty offerings boasting intricate aromas and tastes. Marketing innovation has likewise engendered shifted perceptions by promoting beer as an epicurean rather than purely inebriating beverage. Breweries are formulating unique flavors, harnessing artistic packaging designs and curating social spaces to exhibit their products. Beer is increasingly touted as an accompaniment for cuisine rather than distilled spirits.
The report offers a comprehensive evaluation of the Latvia beer market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product type, category, packaging, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the beer industry.
Market Segmentation
The beer market in Latvia is classified into the following segments:
Product type: ale, stout, weissbier, lager, non-alcoholic beer
Category: craft beer, regular beer
Packaging: glass bottles, aluminum cans, others
Distribution channel: foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, others
The Latvia beer market is segmented on the basis of product type, category, packaging, and distribution channel. By product type, the beer market in Latvia has been segmented into ale, stout, weissbier, lager, and non-alcoholic beer. Based upon category, the beer market in Latvia is categorized into craft beer, and regular beer. On the basis of packaging, the beer market in Latvia has been segmented into glass bottles, aluminum cans, and others. By distribution channel, the beer market in Latvia has been segmented into foodservice channels, convenience stores, supermarkets and hypermarkets, specialty stores, small grocery stores, e-commerce, and others.
Competitive Landscape
The Latvia beer market is highly competitive. The prominent players operating in the Latvia beer market include Valmiermuizas Alus SIA, UZAVAS ALUS SIA, Royal Unibrew A/S, Olvi plc, Heineken N.V., Carlsberg A/S, AS Tervetes AL, AB InBev.
The report presents a detailed analysis of the Latvia beer market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latvia beer market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia beer market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia beer 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 beer market – product type analysis
Latvia beer market – category analysis
Latvia beer market – packaging analysis
Latvia beer market – distribution channel analysis
Key players and market share
– Valmiermuizas Alus, SIA
– UZAVAS ALUS, SIA
– Royal Unibrew A/S
– Olvi plc
– Heineken N.V.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latvia beer market 2019-2029
Chart Latvia beer market, net growth, 2019-2029
Chart Latvia beer market, growth rates, 2019-2029
Table Latvia beer market by product type, 2019-2029
Chart Latvia beer market by product type, CAGR historic and forecast, 2019-2029
Chart Latvia beer market by product type, 2019-2029
Table Latvia beer market by category, 2019-2029
Chart Latvia beer market by category, CAGR historic and forecast, 2019-2029
Chart Latvia beer market by category, 2019-2029
Table Latvia beer market by packaging, 2019-2029
Chart Latvia beer market by packaging, CAGR historic and forecast, 2019-2029
Chart Latvia beer market by packaging, 2019-2029
Table Latvia beer market by distribution channel, 2019-2029
Chart Latvia beer market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latvia beer market by distribution channel, 2019-2029
Table Latvia beer market share (%), by companies, 2019-2023
Chart Latvia beer market, by companies, 2023
Table Latvia beer market share (%), by brands, 2019-2023
Chart Latvia beer 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 beer market: spend as a proportion of GDP (%)
Table Latvia beer market: consumption per capita (population)