PROSPECTS AND OPPORTUNITIES
Plant-based dairy will maintain positive growth, albeit at slowing rates due to consumer base reaching its potential
Plant-based dairy will maintain positive growth over the forecast period, although the rate of growth is expected to slow down as the category reaches its full potential, bearing in mind the consumer base for such products is somewhat limited and is not growing notably. Added to which, competition will continue from traditional dairy, which enjoys an ongoing positive reputation in the country, perceived as a good source of protein, minerals, and vitamins.
Consumer base will remain limited to those who are lactose intolerant and those who avoid animal-based products for ethical reasons
The consumer base for other dairy consists of people who are lactose intolerant, and those who avoid animal-based products for ethical reasons. Beyond this, there is little further scope to expand the consumer base.
Plant-based dairy follows trends in traditional dairy
Plant-base dairy will also follow trends occurring in traditional dairy over the forecast period. For instance, many dairy products are now fortified to offer extra health benefits.
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Overview:
Understand the latest market trends and future growth opportunities for the Plant-based Dairy 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 Plant-based Dairy 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 Plant-based Dairy 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 Plant-based Dairy in Latvia?
- Which are the leading brands in Plant-based Dairy in Latvia?
- How are products distributed in Plant-based Dairy in Latvia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Plant-based Dairy?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Latvia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Plant-Based Dairy in Latvia - Category analysis
KEY DATA FINDINGS
Plant-based dairy is seeing the strongest growth across dairy and alternatives, albeit with somewhat limited potential
Alpro maintains lead thanks to popularity and well-known image of its namesake brand
Supermarkets maintain strong relevance for sales of plant-based dairy
Plant-based dairy will maintain positive growth, albeit at slowing rates due to consumer base reaching its potential
Consumer base will remain limited to those who are lactose intolerant and those who avoid animal-based products for ethical reasons
Plant-based dairy follows trends in traditional dairy
Dairy Products and Alternatives in Latvia - Industry Overview
Dairy products and alternatives in 2025: The big picture
Key trends in 2025
Competitive landscape
Channel developments
What next for dairy products and alternatives?
DISCLAIMER
The following categories and subcategories are included:
Plant-based Dairy
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- Soy Drinks
- Other Plant-based Milk
- Plant-based Yoghurt
- Plant-based Cheese
Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See all of our definitionsWhy 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 Plant-based Dairy research and analysis database.
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