The Food Industry of Latvia Expects Stability and Moderate Growth 0 9

Currently, there are no signals indicating new shocks in the raw materials market, which means a more predictable environment, Shure explained.

Shure noted that consumer behavior is likely to remain cautious in 2026, however, with overall economic growth, purchasing power may gradually recover.

She also added that a slight but stable growth is forecasted in exports, especially in regional markets. Overall, the growth of the food industry may be around 1–3%.

According to Shure, the biggest challenge next year may be the availability of labor and rising costs, as well as pressure from imported products and increasingly stringent European Union (EU) requirements in the areas of climate and sustainable production.

She emphasized that the industry needs investments to further improve efficiency and comply with EU requirements, but high interest rates are hindering this process.

The goals of the industry are clear and consistent — to expand exports, continue modernization of production, increase energy efficiency, and strengthen local quality and competitiveness.

Shure highlighted that an important direction is the development of the National Quality Food Scheme labels "Green Spoon" and "Burgundy Spoon," as they serve both as a mark of trust for consumers and a competitive advantage in public and municipal procurement.

Next year, the Latvian Federation of Food Enterprises (LFF) expects moderate but stable growth. The overall growth of the industry may be approximately 1–3%, primarily driven by export markets. At the same time, growth in the domestic market will be very modest — around 0–1%, Shure noted.

The LFF is a multi-sector non-governmental organization of the food processing industry in Latvia, uniting food industry enterprises and professional associations and representing more than 60% of the total food production market in Latvia.