The carbonated soft drinks market in Latvia is likely to register a CAGR of over 2.7% with an incremental growth of USD 25.8 million during the forecast period 2024-2029. Effective marketing strategies and strong branding efforts play a crucial role in driving growth in the carbonated soft drink (CSD) market in Latvia. Beverage companies employ various marketing tactics to engage with consumers and differentiate their brands in a competitive market landscape.
Partnerships with local influencers, sponsorship of events, and creative advertising campaigns are common strategies used to enhance brand visibility and connect with the target audience. Additionally, companies leverage digital marketing channels, such as social media platforms and online advertising, to reach consumers and promote their products effectively.
This report provides a thorough assessment of the Latvia carbonated soft drinks 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 type, product, packaging, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the carbonated soft drinks industry.
Market Segmentation
The carbonated soft drinks market in Latvia is categorized into the following segments:
Type: regular, reduced sugar/sugar-free
Product: colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, others
Packaging: glass bottles, metal cans, plastic bottles
Distribution channel: convenience stores, forecourt retailers, supermarkets and hypermarkets, vending, e-commerce, foodservice channels, others
The Latvia carbonated soft drinks market is segmented on the basis of type, product, packaging, and distribution channel. Based on type, the carbonated soft drinks market in Latvia is categorized into regular, and reduced sugar/sugar-free. On the basis of product, the carbonated soft drinks market in Latvia has been segmented into colas, carbonated orange drinks, lemonade and lime, tonic water and mixers, and others. By packaging, the carbonated soft drinks market in Latvia has been segmented into glass bottles, metal cans, and plastic bottles. Based upon distribution channel, the carbonated soft drinks market in Latvia is also categorized into convenience stores, forecourt retailers, supermarkets and hypermarkets, vending, e-commerce, foodservice channels, and others.
Competitive Landscape
The Latvia carbonated soft drinks market is highly competitive. As of 2023, the major players in the Latvia carbonated soft drinks market were ILGEZEEM SIA, Livonia SIA, Olvi Oyj, Orkla ASA, PepsiCo Inc., Primo Water Corporation, Royal Unibrew A/S, The Coca-Cola Company.
This report provides a comprehensive analysis of the key players in the Latvia carbonated soft drinks 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 carbonated soft drinks market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latvia carbonated soft drinks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latvia carbonated soft drinks 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 carbonated soft drinks market – type analysis
Latvia carbonated soft drinks market – product analysis
Latvia carbonated soft drinks market – packaging analysis
Latvia carbonated soft drinks market – distribution channel analysis
Key players and market share
– ILGEZEEM, SIA
– Livonia , SIA
– Olvi Oyj
– Orkla ASA
– PepsiCo, Inc.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latvia carbonated soft drinks market 2019-2029
Chart Latvia carbonated soft drinks market, net growth, 2019-2029
Chart Latvia carbonated soft drinks market, growth rates, 2019-2029
Table Latvia carbonated soft drinks market by type, 2019-2029
Chart Latvia carbonated soft drinks market by type, CAGR historic and forecast, 2019-2029
Chart Latvia carbonated soft drinks market by type, 2019-2029
Table Latvia carbonated soft drinks market by product, 2019-2029
Chart Latvia carbonated soft drinks market by product, CAGR historic and forecast, 2019-2029
Chart Latvia carbonated soft drinks market by product, 2019-2029
Table Latvia carbonated soft drinks market by packaging, 2019-2029
Chart Latvia carbonated soft drinks market by packaging, CAGR historic and forecast, 2019-2029
Chart Latvia carbonated soft drinks market by packaging, 2019-2029
Table Latvia carbonated soft drinks market by distribution channel, 2019-2029
Chart Latvia carbonated soft drinks market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latvia carbonated soft drinks market by distribution channel, 2019-2029
Table Latvia carbonated soft drinks market share (%), by companies, 2019-2023
Chart Latvia carbonated soft drinks market, by companies, 2023
Table Latvia carbonated soft drinks market share (%), by brands, 2019-2023
Chart Latvia carbonated soft drinks 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 carbonated soft drinks market: spend as a proportion of GDP (%)
Table Latvia carbonated soft drinks market: consumption per capita (population)