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 Other Fresh Food market in Latvia
The Latvian Other Fresh Food eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 1.6% of the Fresh Food 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 11.6%, resulting in a projected market volume of US$0.3 million by 2028. The Other Fresh Food eCommerce market is a sub-market of the Fresh Food market. Further categories within the Fresh Food market are: Chilled Food, Dairy Goods, Fruits & Vegetables, and Meat & Fish.
eCommerce revenue development in the Other Fresh Food market in Latvia
eCommerce revenue growth in the Other Fresh Food market in Latvia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 72.0 | 56.9 | 20.3 | 68.7 | 3.8 | 59.0 | 94.0 | 72.5 |
Market definition
Definition of the Other Fresh Food market within the Grocery market
Market definition: Grocery > Food > Fresh Food > Other Fresh Food The category Other Fresh Food includes the online trade of plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk) and tofu and meat alternatives. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Plant-based dairy alternatives (e.g. almond milk, soy milk, coconut milk)
- Tofu and meat alternatives
Market comparison
The Latvian Other Fresh Food market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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