Latvia Food and Drink Report 2016 - Business Monitor International - Industry Reports

Latvia Food and Drink Report 2016

Latvia Food and Drink Report 2016 - Business Monitor International - Industry Reports
Latvia Food and Drink Report 2016
Published Dec 05, 2015
124 pages — Published Dec 05, 2015
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Abstract:

Food Union Heads For Baltics Dairy Domination: Food Union s financial partner, Meridian Capital, announced in August ---- that it had acquired Latvia-based dairy company Rigas Piensaimnieks. Food Union already owns Latvia s leading dairy producer, Rigas Piena Kombinats (RPK), which was recently merged with another of its dairy acquisitions Valmieras Piens. ...Food Union already owns Latvia s leading dairy producer, Rigas Piena Kombinats (RPK), which was recently merged with another of its dairy acquisitions Valmieras Piens. In October ---- Food Union announced that it had also acquired Denmark-based ice cream maker Premier Is. Rigas Piensaimnieks posted ---- sales of EUR--.-mn and the Danish manufacturer posted --------- sales of EUR--.-mn. Cesu Alus Expands Its Functional Drinks Range: Cesu Alus announced in October ---- the launch of a new range of drinks in the functional soft drinks segment. ...The product is available initially in two flavours and the company has invested more than EUR--,--- in developing its functional drinks ranges. since the beginning of ----, the lifestyle drinks market has tripled in size, said company Chairman, Eva Sietinsone, and I predict that such growth will prevail for the next --- years .

...Longer-term growth in consumer income to have a positive impact on the food market. The absence of large multinational retail chains gives multinational food producers better leverage in supplying local players. ...There is rising interest in beer consumption among female consumers. A number of beverage segments, including premium and flavoured alcoholic beverages, are proving particularly attractive as younger consumers gain spending power. Rising regional demand for novel products is providing room for growth of Latvian beer and spirits exports. The expansive reach of existing organised grocery chains is providing solid ground for an increase in consumer numbers. Leading companies are increasingly offering non-grocery products through their outlets, such as financial services.

...The Latvian market is less consolidated than its Estonian or Lithuanian counterparts. Latvia enjoys one of the lowest tax burdens in the EU. Rising incomes and preferences for higher-margin and premium food products translate into opportunities in the food and drink sectors, and are likely to drive mass grocery retail (MGR) growth. ...

  
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Latvia Food and Drink Report 2016" Dec 05, 2015. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Latvia-Food-and-Drink-Report-2016-2026-602>
  
APA:
Business Monitor International - Industry Reports. (2015). Latvia Food and Drink Report 2016 Dec 05, 2015. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Latvia-Food-and-Drink-Report-2016-2026-602>
  
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