Wine in Latvia

May 2021
USD 990
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Overview:

Understand the latest market trends and future growth opportunities for the Wine 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.

If you're in the Wine 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

The Wine in Latvia report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volume and value sizes, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent research methodology, conducted in-country

This report answers:

  • What is the market size of Wine in Latvia?
  • Where is consumer demand for Wine focussed?
  • Which is being consumed more; beer, wine or spirits?
  • Where is demand growing? Stagnating?
  • How is the operating environment for alcoholic drinks changing?
  • Which are the leading brands in Latvia?
  • How are products distributed in Latvia?
  • What are the key trends in new product development?
  • Do consumers want value for money or added value?
  • How will macroeconomic context and shifting cultural values shape future growth?
  • How will COVID-19 and recession impact the alcoholic drinks industry?
  • Where is future growth expected to be most dynamic?

Wine in Latvia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Total volume sales record a marginal decline as retail sales rise in 2020
Non-grape wine boosts growth, thanks to being an affordable option
Wineries offer delivery services as the share of e-commerce increases

RECOVERY AND OPPORTUNITIES

On-trade growth recovers, however, consumers remain cautious across the early forecast period
E-commerce and marketing campaigns boost interest in the wine culture
Health trends dampen sales for fortified wines as champagne retains its popularity

CATEGORY DATA

Table 1 Sales of Wine by Category: Total Volume 2015-2020 Table 2 Sales of Wine by Category: Total Value 2015-2020 Table 3 Sales of Wine by Category: % Total Volume Growth 2015-2020 Table 4 Sales of Wine by Category: % Total Value Growth 2015-2020 Table 5 Sales of Wine by Off-trade vs On-trade: Volume 2015-2020 Table 6 Sales of Wine by Off-trade vs On-trade: Value 2015-2020 Table 7 Sales of Wine by Off-trade vs On-trade: % Volume Growth 2015-2020 Table 8 Sales of Wine by Off-trade vs On-trade: % Value Growth 2015-2020 Table 9 Forecast Sales of Wine by Category: Total Volume 2020-2025 Table 10 Forecast Sales of Wine by Category: Total Value 2020-2025 Table 11 Forecast Sales of Wine by Category: % Total Volume Growth 2020-2025 Table 12 Forecast Sales of Wine by Category: % Total Value Growth 2020-2025

Alcoholic Drinks in Latvia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on alcoholic drinks
COVID-19 country impact
Company response
Retailing shift
On-trade vs off-trade split
What next for alcoholic drinks?

MARKET BACKGROUND

Legislation
Legal purchasing age and legal drinking age Drink driving Advertising Smoking ban Opening hours On-trade establishments

TAXATION AND DUTY LEVIES

Summary 1 Taxation and Duty Levies on Alcoholic Drinks 2020

OPERATING ENVIRONMENT

Contraband/parallel trade
Cross-border/private imports

KEY NEW PRODUCT LAUNCHES

Outlook

MARKET INDICATORS

Table 13 Retail Consumer Expenditure on Alcoholic Drinks 2015-2020

MARKET DATA

Table 14 Sales of Alcoholic Drinks by Category: Total Volume 2015-2020 Table 15 Sales of Alcoholic Drinks by Category: Total Value 2015-2020 Table 16 Sales of Alcoholic Drinks by Category: % Total Volume Growth 2015-2020 Table 17 Sales of Alcoholic Drinks by Category: % Total Value Growth 2015-2020 Table 18 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: Volume 2020 Table 19 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: Value 2020 Table 20 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: % Volume 2020 Table 21 Sales of Alcoholic Drinks by Category by Off-trade vs On-trade: % Value 2020 Table 22 GBO Company Shares of Alcoholic Drinks: % Total Volume 2016-2020 Table 23 Distribution of Alcoholic Drinks by Format: % Off-trade Value 2015-2020 Table 24 Distribution of Alcoholic Drinks by Format and by Category: % Off-trade Volume 2019 Table 25 Forecast Sales of Alcoholic Drinks by Category: Total Volume 2020-2025 Table 26 Forecast Sales of Alcoholic Drinks by Category: Total Value 2020-2025 Table 27 Forecast Sales of Alcoholic Drinks by Category: % Total Volume Growth 2020-2025 Table 28 Forecast Sales of Alcoholic Drinks by Category: % Total Value Growth 2020-2025

DISCLAIMER

SOURCES

Summary 2 Research Sources
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Why buy this report?

  • Gain competitive intelligence about market leaders.
  • Track key industry trends, opportunities and threats.
  • Inform your marketing, brand, strategy and market development, sales and supply functions.

This report originates from Passport, our Wine research and analysis database.

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