Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#32 In EuropeBusiness
#22 In EuropeEmployees
#27 In EuropeWages
#29 In EuropeCatering services have suffered due to weakened consumer and business spending alongside the strict COVID-19 restrictions at the onset of the pandemic. Industry revenue is expected to contract at a compound annual rate of 7.2% to €20.6 billion over the five years through 2024, including a 1.3% slump in 2024. Evolving consumer tastes and trends, like healthier eating and vegetarianism, are driving change in the products offered by caterers.
Enterprises
Number of businesses in 2024
Biggest companies in the Caterers in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
CH & Co Catering Group Ltd | 468.9 | 9.2 | 2.0 | |
Kuffler Catering Service GmbH & Co KG | 79.2 | 7.4 | 9.3 | |
lemonpie Eventcatering GmbH | 66.0 | 6.2 | 9.3 |
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Top Questions Answered in this Report
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What is the market size of the Caterers industry in Latvia in 2024?
The market size of the Caterers industry in Latvia is €5.6m in 2024.
How many businesses are there in the Caterers in Latvia industry in 2024?
There are 236 businesses in the Caterers industry in Latvia, which has grown at a CAGR of 16.1 % between 2019 and 2024.
Has the Caterers industry in Latvia grown or declined over the past 5 years?
The market size of the Caterers industry in Latvia has been declining at a CAGR of 16.1 % between 2019 and 2024.
What is the forecast growth of the Caterers industry in Latvia over the next 5 years?
Over the next five years, the Caterers industry in Latvia is expected to decline.
What are the biggest companies in the Caterers market in Latvia?
The biggest companies operating in the Caterers market in Latvia are CH & Co Catering Group Ltd, Kuffler Catering Service GmbH & Co KG and lemonpie Eventcatering GmbH
What does the Caterers in Latvia include?
Corporate functions and Weddings are part of the Caterers industry.
Which companies have the highest market share in the Caterers in Latvia?
The company holding the most market share in Latvia is CH & Co Catering Group Ltd.
How competitive is the Caterers industry in Latvia?
The level of competition is high and steady in the Caterers industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Restaurants & Takeaways in Latvia
- Food-Service Contractors in Latvia
Complementors
- Pubs, Bars & Coffee shops in Latvia
International industries
Table of Contents
About this industry
Industry definition
The industry includes companies engaged in the provision of catering services for one-off events at specified locations like weddings, private parties and corporate functions. The industry excludes the provision of contracted catering on an ongoing basis.
Related Terms
Food-Service ContractorsVeganismSustainable ProduceCrude Marrige RateWhat's included in this industry?
Corporate functionsWeddingsPrivate functionsCommunity events and educational facilitiesCompanies
CH & Co Catering Group LtdKuffler Catering Service GmbH & Co KGlemonpie Eventcatering GmbHIndustry Code
5621 - Event catering in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Caterers in Latvia industry?
Outlook
Analysis
What's driving the Caterers in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Caterers in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Caterers in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Subdued economic environment hinders business spending on catering. Despite a resurgence in demand following the COVID-19 blip, economic uncertainty and rising inflation in 2022 and 2023 have forced businesses to cut spending on corporate functions.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Caterers in Latvia industry's products and services performing?
Analysis
What are innovations in the Caterers in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Caterers in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry is highly fragmented. There are many small-scale catering service providers with new players entering the industry due to opportunities presented by the growing health and sustainability awareness of consumers across Europe.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Caterers in Latvia located?
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Caterers must abide by strict food rules. Due to the services provided by catering service companies, they must meet various food health and safety standard regulations, including food preparation, storage and disposing.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Caterers in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Impacts of the COVID-19 outbreak and high inflation challenge profitability. The pandemic kept people indoors and decimated demand for catering services, weighing heavily on profit. Soaring inflation in 2022 and 2023 further constrained profit, though inflation is easing in 2024.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Caterers in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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