Latvia Wine Market 2024

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Projections for the Latvia wine market suggest a promising growth trajectory, with an anticipated rise of USD 129.7 million and a compound annual growth rate (CAGR) nearing 5.2% over the next five years. 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 presents a detailed overview of the Latvia wine industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product type, packaging and distribution channel. This detailed analysis supports the identification of growth opportunities within the wine industry.


Market Segmentation


The Latvia wine market is structured as follows:
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 wine market in the Latvia is segmented by product type, packaging and distribution channel. By product type, the market includes 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 consist of 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
Report Scope
Research Methodology
Market Overview
Latvia Wine Market – Product Type Analysis
Latvia Wine Market – Packaging Analysis
Latvia Wine Market – Distribution Channel Analysis
Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Latvia Wine Market 2019-2029
Chart Latvia Wine Market, Net Growth, 2019-2029
Chart Latvia Wine Market, Growth Rates, 2019-2029
Table Latvia Wine Market by Product Type, 2019-2029
Chart Latvia Wine Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Latvia Wine Market by Product Type, 2019-2029
Table Latvia Wine Market by Packaging, 2019-2029
Chart Latvia Wine Market by Packaging, CAGR Historic and Forecast, 2019-2029
Chart Latvia Wine Market by Packaging, 2019-2029
Table Latvia Wine Market by Distribution Channel, 2019-2029
Chart Latvia Wine Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latvia Wine Market by Distribution Channel, 2019-2029
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)


Product Type

Industry Statistics

Region

Europe

Published Date

2024

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