The outlook for other hot drinks is far from optimistic, with stagnation expected to set in more firmly during the forecast period. Growth will be restricted by the developing coffee culture the country, with an anticipated decline in the size of the population also likely to dampen demand.
In terms of chocolate-based hot drinks, parents are increasingly concerned about the high sugar content of these products, and as such, they are predicted to reduce their offsprings’ consumption. Thus, health and wellness is likely to become a key focus for manufacturers of chocolate-based flavoured powder drinks during the forecast period.
Looking forward, it is likely that Galca Latvia will continue to lose value share, in light of the waning consumer interest in other plant-based hot drinks. Consequently, the most successful brands are likely to be those with a focus on chocolate-based flavoured powder drinks, such as Nesquik, for example.
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Understand the latest market trends and future growth opportunities for the Other Hot Drinks industry in Latvia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Other Hot Drinks
This is the aggregation of Flavoured Powder Drinks and Other Plant-based Powder Drinks. Products can be served hot or cold, and can be mixed with water, milk, or other liquids. Bottled, ready-to-drink flavoured milk drinks are NOT included here and are included in Passport Packaged Food.
See All of Our DefinitionsThis report originates from Passport, our Other Hot Drinks research and analysis database.
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