Soup in Latvia
Growth in retail current value sales of soup will accelerate modestly during 2020. COVID-19 will play a significant role in this, as some consumers stockpiled food during the early stages of the pandemic in anticipation of future shortages. With restaurants hit by social distancing measures, there has also been some switching from the foodservice to the retail channel. However, the impact of this will be relatively small, as most local consumers do not eat out on a regular basis.
Euromonitor International's Soup in Latvia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.
Product coverage: Chilled Soup, Dehydrated Soup, Frozen Soup, Instant Soup, Shelf Stable Soup.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
Euromonitor International's Soup in Latvia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, distribution or pricing issues. Forecasts to 2024 illustrate how the market is set to change.
Product coverage: Chilled Soup, Dehydrated Soup, Frozen Soup, Instant Soup, Shelf Stable Soup.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Soup market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market’s major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
KEY DATA FINDINGS
2020 IMPACT
With consumers seeking to stock up, COVID-19 boosts retail current value sales growth, particularly for shelf stable soup
Consumers seek healthier and more convenient and sophisticated products
Unrivalled marketing muscle helps Nestl? SA and Unilever Baltic LLC SIA remain dominant
RECOVERY AND OPPORTUNITIES
Retail current value sales growth will be weak, particularly for dehydrated soup, which will increasingly be perceived as ‘unnatural’
Growth opportunity for chilled soup, but lack of marketing could be a problem
Lidl will mount private label challenge to Maggi and Knorr
CATEGORY DATA
Table 1 Sales of Soup by Category: Volume 2015-2020
Table 2 Sales of Soup by Category: Value 2015-2020
Table 3 Sales of Soup by Category: % Volume Growth 2015-2020
Table 4 Sales of Soup by Category: % Value Growth 2015-2020
Table 5 NBO Company Shares of Soup: % Value 2016-2020
Table 6 LBN Brand Shares of Soup: % Value 2017-2020
Table 7 Distribution of Soup by Format: % Value 2015-2020
Table 8 Forecast Sales of Soup by Category: Volume 2020-2025
Table 9 Forecast Sales of Soup by Category: Value 2020-2025
Table 10 Forecast Sales of Soup by Category: % Volume Growth 2020-2025
Table 11 Forecast Sales of Soup by Category: % Value Growth 2020-2025
2020 IMPACT
With consumers seeking to stock up, COVID-19 boosts retail current value sales growth, particularly for shelf stable soup
Consumers seek healthier and more convenient and sophisticated products
Unrivalled marketing muscle helps Nestl? SA and Unilever Baltic LLC SIA remain dominant
RECOVERY AND OPPORTUNITIES
Retail current value sales growth will be weak, particularly for dehydrated soup, which will increasingly be perceived as ‘unnatural’
Growth opportunity for chilled soup, but lack of marketing could be a problem
Lidl will mount private label challenge to Maggi and Knorr
CATEGORY DATA
Table 1 Sales of Soup by Category: Volume 2015-2020
Table 2 Sales of Soup by Category: Value 2015-2020
Table 3 Sales of Soup by Category: % Volume Growth 2015-2020
Table 4 Sales of Soup by Category: % Value Growth 2015-2020
Table 5 NBO Company Shares of Soup: % Value 2016-2020
Table 6 LBN Brand Shares of Soup: % Value 2017-2020
Table 7 Distribution of Soup by Format: % Value 2015-2020
Table 8 Forecast Sales of Soup by Category: Volume 2020-2025
Table 9 Forecast Sales of Soup by Category: Value 2020-2025
Table 10 Forecast Sales of Soup by Category: % Volume Growth 2020-2025
Table 11 Forecast Sales of Soup by Category: % Value Growth 2020-2025
