Sweet spreads will register very healthy constant value growth over the forecast period as consumption patterns normalise post-pandemic. The category will be boosted by Latvians making less jam and preserves at home and a shift from informal retail channels, such as open markets, to modern grocery retailers.
Peanut butter is expected to perform well over the forecast period. However, this growth will be from a low base.
The 2021 entry of German discounter Lidl into Latvia followed by the launch of Spare in 2022 will see the share of value sales of private label sweet spreads increase. Thanks mainly to the efforts of local grocery retail chain Rimi.
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Understand the latest market trends and future growth opportunities for the Sweet Spreads 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 Sweet Spreads 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.
Excludes: Any products sold unpackaged or in bulk; margarine, butter substitutes, vegetable-oil based, yeast-based, and meat/seafood-based spreads.
See All of Our DefinitionsThis report originates from Passport, our Sweet Spreads research and analysis database.
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