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 Juices market in Latvia
The Latvian Juices eCommerce market is predicted to reach US$0.6 million by 2024 and accounts for 10.4% of the Non-Alcoholic Beverages 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 11.0%, resulting in a projected market volume of US$0.8 million by 2028. The Juices eCommerce market is a sub-market of the Non-Alcoholic Beverages market. Further categories within the Non-Alcoholic Beverages market are: Hot Drinks, Other Non-Alcoholic Beverages, and Water.
eCommerce revenue development in the Juices market in Latvia
eCommerce revenue growth in the Juices market in Latvia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 96.5 | 67.5 | 64.6 | 17.7 | 19.2 | 46.1 | 89.4 | 96.4 |
Market definition
Definition of the Juices market within the Grocery market
Market definition: Grocery > Beverages > Non-Alcoholic Beverages > Juices The category Juices includes the online trade of fruit juices (e.g. apple juice, orange juice, grapfruit juice) and vegetable juices (e.g. tomato juice, carrot juice, beet juice). This category does not cover fruit and vegetable blends, smoothies or non-alcoholic cocktail mixers (e.g. lime juices, syrups). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Fruit juices (e.g. apple juice, orange juice, grapfruit juice)
- Vegetable juices (e.g. tomato juice, carrot juice, beet juice)
Out-of-scope
- Fruit and vegetable blends
- Smoothies
- Non-alcoholic cocktail mixers (e.g. lime juices, syrups)
Market comparison
The Latvian Juices market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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