Inflation is set to decline during the forecast period, which will benefit sales of cheese, allowing it to record slight volume growth going forward. As the impact of the pandemic wanes, an increase in the consumption of cheese in the foodservice sector can be expected.
An increase in the number of private label products available throughout the cheese category is expected over the forecast period, especially in discounters due to the arrival of Lidl. Lidl will be particularly popular amongst those Latvians who have been financially devastated due to the pandemic.
Sales will continue to be dominated by local hard and soft cheese over the period to 2028. More premium cheeses have the potential for growth as they have a base of consumers; however, in the face of economic uncertainty, this growth may slow.
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Understand the latest market trends and future growth opportunities for the Cheese industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cheese industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of hard, soft, spreadable and processed cheese (excl spreadable). Note: Non-dairy cheese substitutes are excluded from this category and tracked under plant-based cheese.See All of Our Definitions
This report originates from Passport, our Cheese research and analysis database.
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