Latvia Beverages Consumption Trends and Forecasts Tracker, Q1 2022 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)

The Latvia beverages market consumption volume was 332.4 million liters (ML) in Q4-2021. The high inflation rate in Q1 2022 will lead consumers away from discretionary spending and food service volumes will be particularly affected by the inflation. Among soft drinks, energy drinks recorded the highest annual growth in Q1 2022, as more consumers resumed working out of their homes and sought an instant energy boost.

The Latvia beverages market research report covers soft drinks, dairy drinks, hot drinks, and alcoholic drinks. It is an essential tool for keeping up to date with the latest industry performance and developments on a quarterly basis.

Key Categories in the Latvia Beverages Market

The key categories in the Latvia beverages market are soft drinks, hot drinks, alcoholic drinks, and dairy & soy drinks & milk alternatives. Hot drinks had the highest market share in the Latvia beverages market in Q4 2021 followed by soft drinks, alcoholic drinks, and dairy & soy drinks & milk alternatives.

Soft drinks

The soft drinks category can be further segmented into packaged water, bulk/HOD water, enhanced water, flavored water, carbonates, juice, nectars, still drinks, squash/syrups, iced/RTD tea drinks, iced/RTD coffee drinks, sports drinks, and energy drinks. Carbonates were the largest segment in the Latvia soft drinks category in Q4-2021.

Hot drinks

The hot drinks category can be further segmented into hot coffee, hot tea, and other hot drinks. Hot coffee was the largest segment in the Latvia hot drinks category in Q4-2021.

Alcoholic drinks

The alcoholic drinks category can be further segmented into beer, cider, flavored alcoholic beverages, fortified wine, brandy, gin & genever, liqueurs, rum, sorghum beer, sparkling wine, specialty spirits, still wine, tequila & mezcal, vodka, and whiskey. Beer was the largest segment in the Latvia alcoholic drinks category in Q4-2021.

Dairy & soy drinks & milk alternatives

The dairy & soy drinks & milk alternatives category can be further segmented into condensed milk, drinking yogurt, evaporated milk, fermented milk, flavored milk, grain, nut, rice, and seed milk alternative drinks, soymilk, and white milk. White milk was the largest segment in the Latvia dairy & soy drinks & milk alternatives category in Q4-2021.

Latvia Beverages Market Analysis by Categories

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Market Report Overview

Scope

• Top line consumption volumes for Q1-2022 vs Q1-2021, moving annual totals (MAT), the full year 2021 provisional data, and 2022 forecasts for all beverage categories.
• Carbonates consumption data for Q1-2022 vs Q1-2021, moving annual totals (MAT), the full year 2021 provisional data, and 2022 forecasts split by regular vs low calorie, and key flavor.
• An economic mood indicator with a glance assessment of industry confidence levels, private label performance vs brands, and price trends.
• Insightful and valuable analysis of the drivers behind the latest quarterly trends and assumptions for the full year 2022.

Reasons to Buy

• Gain an in-depth understanding of the most up-to-date trends in the Latvia beverage industry to support and enhance your strategic planning.
• Investigate the latest quarterly and emerging annual trends in Latvia to back your marketing initiatives.
• Analyze the latest beverage category 2022 forecast projections to make well-informed decisions on the outlook in the marketplace for your company.
• View a selection of the key quarterly new soft drinks product launches and identify competitor activity.
• Access a quarterly Special Focus on a current industry ‘hot topic’ offering qualitative insight from local consultants to determine opportunities for product innovation.