Key Market Indicators
Latvia's food services revenue is expected to hit nearly €831 million by the year 2026. This is up from €681 million in 2021, a 1.1% average year-on-year growth. Since 2010, the Latvian market has decreased by 2.1% annually. Latvia was number 32 in 2021, with Estonia overtaking it at €681 million. France, Germany and Italy ranked numbers 2, 3 and 4 respectively in this ranking. Latvia's food services expenditure is projected to reach €1,020 million by 2026, from €824 million in 2021, a 1% average year-on-year growth. Since 2000, Latvian demand has decreased by 4.2% annually. Latvia was number 30 in 2021, with Bosnia and Herzegovina overtaking it at €824 million. Italy, France and Germany were the top three ranked countries in this ranking.
