The bottled water market in Latvia is anticipated to increase by USD 50.5 million till 2029 at an average annual growth of 4.2 percent as per the latest market estimates. Consumers are increasingly moving away from sugary beverages such as sodas, favoring healthier alternatives like bottled water. This shift is largely driven by the perception of bottled water as a healthier option, thereby contributing to its rising popularity. Additionally, concerns regarding the safety and quality of tap water – stemming from issues like contamination or deteriorating infrastructure – further propel consumers towards bottled water. The perceived purity and safety of bottled water provide consumers with reassurance about its quality.
Furthermore, aggressive marketing strategies employed by major bottled water companies significantly influence consumer behavior. These brands often emphasize the purity, origin, and health benefits of their products in their campaigns. Moreover, endorsements and sponsorships in sports and various events enhance the visibility and attractiveness of bottled water, reinforcing its appeal to a broad audience.
This report provides a thorough assessment of the Latvia bottled water 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 product type, pack type, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the bottled water industry.
Market Segmentation
The bottled water market in Latvia is categorized into the following segments:
Product type: still water, sparkling water, functional and flavored water
Pack type: glass bottles, rigid plastic bottles, others
Distribution channel: convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, others
The Latvia bottled water market is segmented on the basis of product type, pack type, and distribution channel. Based on product type, the bottled water market in Latvia is categorized into still water, sparkling water, and functional and flavored water. On the basis of pack type, the bottled water market in Latvia has been segmented into glass bottles, rigid plastic bottles, and others. By distribution channel, the bottled water market in Latvia has been segmented into convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, HoReCa, e-commerce, and others.
Competitive Landscape
The Latvia bottled water market is highly competitive. As of 2023, the major players in the Latvia bottled water market were BĀTAS AVOTS SIA, Birstono Mineraliniai Vandenys Ir Ko UAB, Danone S.A., Markol SIA (Zakumuiza), Olvi plc, Royal Unibrew A/S, SIA SIMEKS, The Coca-Cola Company, VENDEN SIA.
This report provides a comprehensive analysis of the key players in the Latvia bottled water 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 bottled water market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia bottled water market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia bottled water 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 bottled water market – product type analysis
Latvia bottled water market – pack type analysis
Latvia bottled water market – distribution channel analysis
Key players and market share
– BĀTAS AVOTS SIA
– Birstono Mineraliniai Vandenys Ir Ko, UAB
– Danone S.A.
– Markol, SIA (Zakumuiza)
– Olvi plc
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latvia bottled water market 2019-2029
Chart Latvia bottled water market, net growth, 2019-2029
Chart Latvia bottled water market, growth rates, 2019-2029
Table Latvia bottled water market by product type, 2019-2029
Chart Latvia bottled water market by product type, CAGR historic and forecast, 2019-2029
Chart Latvia bottled water market by product type, 2019-2029
Table Latvia bottled water market by pack type, 2019-2029
Chart Latvia bottled water market by pack type, CAGR historic and forecast, 2019-2029
Chart Latvia bottled water market by pack type, 2019-2029
Table Latvia bottled water market by distribution channel, 2019-2029
Chart Latvia bottled water market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latvia bottled water market by distribution channel, 2019-2029
Table Latvia bottled water market share (%), by companies, 2019-2023
Chart Latvia bottled water market, by companies, 2023
Table Latvia bottled water market share (%), by brands, 2019-2023
Chart Latvia bottled water 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 bottled water market: spend as a proportion of GDP (%)
Table Latvia bottled water market: consumption per capita (population)