Grocery market in Latvia
The Latvian Grocery eCommerce market is predicted to reach US$44.8 million by 2024 and accounts for 6.0% of the total eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 12.0%, resulting in a projected market volume of US$70.4 million by 2028. Within the Grocery market ECDB considers the following two sub-markets: Food and Beverages.
Market development
eCommerce revenue development in the Baking Supplies market in Latvia
The Latvian Baking Supplies eCommerce market is predicted to reach US$2.1 million by 2024 and accounts for 28.4% of the Food Cupboard eCommerce market in Latvia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 9.3%, resulting in a projected market volume of US$3.0 million by 2028. The Baking Supplies eCommerce market is a sub-market of the Food Cupboard market. Further categories within the Food Cupboard market are: Cereals, Noodles, Nuts & Dried Fruits, Other Food Cupboard, and Sweets & Chocolate.
eCommerce revenue development in the Baking Supplies market in Latvia
eCommerce revenue growth in the Baking Supplies market in Latvia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 3.1 | 0.2 | 12.8 | 37.8 | 55.3 | 31.0 | 1.9 | 60.2 |
Market definition
Definition of the Baking Supplies market within the Grocery market
Market definition: Grocery > Food > Food Cupboard > Baking Supplies The category Baking Supplies includes the online trade of flour, baking soda, sugar, and more. This category does not cover fresh ingredients (e.g. milk, eggs, oil), baking pans and accessories or measuring tools. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Flour
- Baking soda
- Sugar
- Flavorings and extracts
- Decorations and sprinkles
- Cake mixes
Out-of-scope
- Fresh ingredients (e.g. milk, eggs, oil)
- Baking pans and accessories
- Measuring Tools
- Mixing and baking tools
Market comparison
The Latvian Baking Supplies market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category