Dairy Products & Eggs - Latvia

  • Latvia
  • Revenue in the Dairy Products & Eggs market amounts to US$718.30m in 2024. The market is expected to grow annually by 6.76% (CAGR 2024-2029).
  • In global comparison, most revenue is generated in India (US$173bn in 2024).
  • In relation to total population figures, per person revenues of US$396.80 are generated in 2024.
  • In the Dairy Products & Eggs market, volume is expected to amount to 263.20m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.7% in 2025.
  • The average volume per person in the Dairy Products & Eggs market is expected to amount to 128.4kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

 
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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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