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 Nuts & Dried Fruits market in Latvia
The Latvian Nuts & Dried Fruits eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 3.1% 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 3.7%, resulting in a projected market volume of US$0.3 million by 2028. The Nuts & Dried Fruits eCommerce market is a sub-market of the Food Cupboard market. Further categories within the Food Cupboard market are: Baking Supplies, Cereals, Noodles, Other Food Cupboard, and Sweets & Chocolate.
eCommerce revenue development in the Nuts & Dried Fruits market in Latvia
eCommerce revenue growth in the Nuts & Dried Fruits market in Latvia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 16.0 | 96.4 | 38.1 | 58.5 | 16.3 | 46.2 | 78.2 | 3.3 |
Market definition
Definition of the Nuts & Dried Fruits market within the Grocery market
Market definition: Grocery > Food > Food Cupboard > Nuts & Dried Fruits The category Nuts & Dried Fruits includes the online trade of nuts (e.g. almonds, peanuts, walnuts) and dried fruits (e.g. raisins, apricots, dates). This category does not cover energy bars. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Nuts (e.g. almonds, peanuts, walnuts)
- Dried fruits (e.g. raisins, apricots, dates)
Out-of-scope
- Energy bars
Market comparison
The Latvian Nuts & Dried Fruits market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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