PROSPECTS AND OPPORTUNITIES
Flat growth in core categories, potential in niche segments
The sauces, dips, and condiments category in Latvia is projected to experience limited real growth over the forecast period, with inflation expected to be a primary driver of nominal sales increases. While the core categories, such as ketchup and mayonnaise, are likely to remain stable or show slight declines due to evolving consumer health preferences, niche products are anticipated to outperform.
Ketchup and mayonnaise remain key products, despite evolving preferences
Ketchup and mayonnaise continue to be staples in Latvian households. Although ketchup retains a consistent demand year-round, especially heightened during the summer barbecue season, mayonnaise's popularity remains more seasonal, peaking during festive celebrations such as Easter and Christmas.
Private label gain momentum across product categories
Private label brands are expected to continue expanding their market share in Latvia, spurred by increasing competition among major retailers. In 2023, Lidl was the primary player in private label sauces, but by 2024, Maxima’s Well Done brand is carving out a strong presence in the market, especially in the premium segment.
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Overview:
Understand the latest market trends and future growth opportunities for the Sauces, Dips and Condiments 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 Sauces, Dips and Condiments 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 Sauces, Dips and Condiments 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 Sauces, Dips and Condiments in Latvia?
- Which are the leading brands in Sauces, Dips and Condiments in Latvia?
- How are products distributed in Sauces, Dips and Condiments 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 Sauces, Dips and Condiments?
- 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?
Sauces, Dips and Condiments in Latvia - Category analysis
KEY DATA FINDINGS
Stabilisation following economic volatility
Shift from stock cubes to modern alternatives
Recipe sauces and speciality flavours drive growth
Flat growth in core categories, potential in niche segments
Ketchup and mayonnaise remain key products, despite evolving preferences
Private label gain momentum across product categories
Cooking Ingredients and Meals in Latvia - Industry Overview
Cooking ingredients and meals in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for cooking ingredients and meals?
DISCLAIMER
The following categories and subcategories are included:
Sauces, Dips and Condiments
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- Liquid Stocks and Fonds
- Stock Cubes and Powders
- Gravy Cubes, Powders and Pots
- Monosodium Glutamate
- Herbs and Spices
- Tomato Pastes and Purées
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- Liquid Recipe Sauces (excl pasta sauces)
- Dry Recipe Sauces
- Pasta Sauces
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- Barbecue Sauces
- Fish Sauces
- Ketchup
- Mayonnaise
- Mustard
- Oyster Sauces
- Salad Dressings
- Soy Sauces
- Chili Sauces
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- Dips
- Yeast-based Spreads
- Pickled Products
- Other Sauces and Condiments
Sauces, Dips and Condiments
This is the aggregation of cooking ingredients and condiments, dips, pickled products, sauces, yeast-based spreads, and other sauces, dips and condiments. Excludes: Unpackaged/bulk sauces, dressings and condiments, such as unpackaged herbs and spice or instances where consumers bring an empty contained to be (re)filled. Excludes: Table salt, vinegar, baking ingredients, desiccated coconut, and cooking cream/milk/powder for cooking and baking.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
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This report originates from Passport, our Sauces, Dips and Condiments research and analysis database.
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