Coffee will only register marginal constant value and volume growth over the forecast period, as continuing population dampens volume sales. In addition, while inflation will be less of an issue over the forecast period, coffee prices will surge, especially in the short term, and this will further dampen volume sales.
Growth will also be minimal through foodservice channels over the forecast period. Additionally, with the quality of coffee improving through retail channels, consumers are able to drink good quality coffee at home.
Consumers will look for coffee with more exotic blends and varieties of coffee origin. In addition, with consumers looking to emulate the experience of the coffee shop in their own homes, coffee machines will become more popular and this feed into increased volume sales of coffee pods.
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Understand the latest market trends and future growth opportunities for the Coffee industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Coffee industry in Latvia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Coffee
This is the aggregation of fresh coffee and instant coffee. Please note that foodservice sales of coffee are volumes sold to the on-trade (foodservice) sector and not those sold to the consumer.
See all of our definitionsThis report originates from Passport, our Coffee research and analysis database.
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