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Cooking Ingredients and Meals in Latvia

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    Report

  • 42 Pages
  • November 2022
  • Region: Latvia
  • Euromonitor International
  • ID: 5567446
Consumers are gradually returning to their pre-pandemic shopping and eating out habits thanks to the relaxation of social distancing requirements in Latvia. However, the rising cost of living and sharp increase in food price inflation is stifling demand and shifting consumer preferences towards cheaper and more affordable products. Price is the dominant deciding factor for the Latvian shopper in cooking ingredients and meals in this economic climate.

The Cooking Ingredients and Meals in Latvia report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2017-2021, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market in < - Year - > directly informs our forecasts to 2026, clearly indicating how the market is expected to change.

Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Cooking Ingredients and Meals market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

COOKING INGREDIENTS AND MEALS IN LATVIA
EXECUTIVE SUMMARY
  • Cooking ingredients and meals in 2022: The big picture
  • Key trends in 2022
  • Competitive landscape
  • Channel developments
  • What next for cooking ingredients and meals?
MARKET DATA
  • Table 1 Sales of Cooking Ingredients and Meals by Category: Volume 2017-2022
  • Table 2 Sales of Cooking Ingredients and Meals by Category: Value 2017-2022
  • Table 3 Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2017-2022
  • Table 4 Sales of Cooking Ingredients and Meals by Category: % Value Growth 2017-2022
  • Table 5 NBO Company Shares of Cooking Ingredients and Meals: % Value 2018-2022
  • Table 6 LBN Brand Shares of Cooking Ingredients and Meals: % Value 2019-2022
  • Table 7 Penetration of Private Label by Category: % Value 2017-2022
  • Table 8 Distribution of Cooking Ingredients and Meals by Format: % Value 2017-2022
  • Table 9 Forecast Sales of Cooking Ingredients and Meals by Category: Volume 2022-2027
  • Table 10 Forecast Sales of Cooking Ingredients and Meals by Category: Value 2022-2027
  • Table 11 Forecast Sales of Cooking Ingredients and Meals by Category: % Volume Growth 2022-2027
  • Table 12 Forecast Sales of Cooking Ingredients and Meals by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources
EDIBLE OILS IN LATVIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Consumers stockpile edible oils amid shortages
  • Lidl makes progress in edible oils
  • Local brands struggle to compete with international leaders
PROSPECTS AND OPPORTUNITIES
  • Marginal volume growth over the forecast period
  • Consumers to continue shift away from sunflower oil
  • Discounter and private labels drive shift to cheaper edible oils
CATEGORY DATA
  • Table 13 Sales of Edible Oils by Category: Volume 2017-2022
  • Table 14 Sales of Edible Oils by Category: Value 2017-2022
  • Table 15 Sales of Edible Oils by Category: % Volume Growth 2017-2022
  • Table 16 Sales of Edible Oils by Category: % Value Growth 2017-2022
  • Table 17 NBO Company Shares of Edible Oils: % Value 2018-2022
  • Table 18 LBN Brand Shares of Edible Oils: % Value 2019-2022
  • Table 19 Distribution of Edible Oils by Format: % Value 2017-2022
  • Table 20 Forecast Sales of Edible Oils by Category: Volume 2022-2027
  • Table 21 Forecast Sales of Edible Oils by Category: Value 2022-2027
  • Table 22 Forecast Sales of Edible Oils by Category: % Volume Growth 2022-2027
  • Table 23 Forecast Sales of Edible Oils by Category: % Value Growth 2022-2027
MEALS AND SOUPS IN LATVIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Price inflation pushes consumers towards more affordable options
  • Vegan and vegetarian options expand in meals and soups
  • International food companies lead a category that is highly fragmented
PROSPECTS AND OPPORTUNITIES
  • Discounters expected to gain share due to expansion
  • Opportunities for ready-to-eat delivery platforms
  • Ready meals to post solid performance as soups faces slowdown
CATEGORY DATA
  • Table 24 Sales of Meals and Soups by Category: Volume 2017-2022
  • Table 25 Sales of Meals and Soups by Category: Value 2017-2022
  • Table 26 Sales of Meals and Soups by Category: % Volume Growth 2017-2022
  • Table 27 Sales of Meals and Soups by Category: % Value Growth 2017-2022
  • Table 28 NBO Company Shares of Meals and Soups: % Value 2018-2022
  • Table 29 LBN Brand Shares of Meals and Soups: % Value 2019-2022
  • Table 30 Distribution of Meals and Soups by Format: % Value 2017-2022
  • Table 31 Forecast Sales of Meals and Soups by Category: Volume 2022-2027
  • Table 32 Forecast Sales of Meals and Soups by Category: Value 2022-2027
  • Table 33 Forecast Sales of Meals and Soups by Category: % Volume Growth 2022-2027
  • Table 34 Forecast Sales of Meals and Soups by Category: % Value Growth 2022-2027
SAUCES, DIPS AND CONDIMENTS IN LATVIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Price inflation weighs in on consumer choices
  • Health and sustainability are key product features
  • Orkla Foods Latvija SIA strengthen its leadership position
PROSPECTS AND OPPORTUNITIES
  • Sauces, dips and condiments under pressure as retail consumption falls
  • Discounters and e-commerce are the main changes in retail
  • Government focus on health with salt tax
CATEGORY DATA
  • Table 35 Sales of Sauces, Dips and Condiments by Category: Volume 2017-2022
  • Table 36 Sales of Sauces, Dips and Condiments by Category: Value 2017-2022
  • Table 37 Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2017-2022
  • Table 38 Sales of Sauces, Dips and Condiments by Category: % Value Growth 2017-2022
  • Table 39 NBO Company Shares of Sauces, Dips and Condiments: % Value 2018-2022
  • Table 40 LBN Brand Shares of Sauces, Dips and Condiments: % Value 2019-2022
  • Table 41 Distribution of Sauces, Dips and Condiments by Format: % Value 2017-2022
  • Table 42 Forecast Sales of Sauces, Dips and Condiments by Category: Volume 2022-2027
  • Table 43 Forecast Sales of Sauces, Dips and Condiments by Category: Value 2022-2027
  • Table 44 Forecast Sales of Sauces, Dips and Condiments by Category: % Volume Growth 2022-2027
  • Table 45 Forecast Sales of Sauces, Dips and Condiments by Category: % Value Growth 2022-2027
SWEET SPREADS IN LATVIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Sweet spread volume sales slows amid sharp price rises
  • Return to normal life is curbs retail consumption
  • Puratos Latvia SIA maintains leadership with Pure brand
PROSPECTS AND OPPORTUNITIES
  • Steady performance in sweet spreads
  • Health concerns will drive dynamic growth in nut and seed based spreads
  • Private label will grow in prominence with the arrival of Lidl and Spar
CATEGORY DATA
  • Table 46 Sales of Sweet Spreads by Category: Volume 2017-2022
  • Table 47 Sales of Sweet Spreads by Category: Value 2017-2022
  • Table 48 Sales of Sweet Spreads by Category: % Volume Growth 2017-2022
  • Table 49 Sales of Sweet Spreads by Category: % Value Growth 2017-2022
  • Table 50 NBO Company Shares of Sweet Spreads: % Value 2018-2022
  • Table 51 LBN Brand Shares of Sweet Spreads: % Value 2019-2022
  • Table 52 Distribution of Sweet Spreads by Format: % Value 2017-2022
  • Table 53 Forecast Sales of Sweet Spreads by Category: Volume 2022-2027
  • Table 54 Forecast Sales of Sweet Spreads by Category: Value 2022-2027
  • Table 55 Forecast Sales of Sweet Spreads by Category: % Volume Growth 2022-2027
  • Table 56 Forecast Sales of Sweet Spreads by Category: % Value Growth 2022-2027