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
#31 In EuropeBusiness
#30 In EuropeEmployees
#27 In EuropeWages
#30 In EuropeThe European restaurants and takeaways market has enjoyed strong demand from consumers seeking varied dining options to suit their busy lifestyles. There’s a huge number of food establishments for consumers to visit, providing various cuisines from all over the world. However, the impact of the COVID-19 outbreak and a challenging economic climate in the years since has suppressed spending on restaurants and takeaways. Revenue is forecast to contract at a compound annual rate of 8% over the five years through 2024 to €339.6 billion, including an expected 4% drop in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Restaurants & Takeaways in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
MCD Europe Ltd | 25,343.5 | 9,455.8 | 37.3 | |
Yum! Restaurant Holdings | 7,206.2 | 2,206.8 | 30.6 | |
Subway International BV | 17,322.0 | 4,330.5 | 25.0 |
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Top Questions Answered in this Report
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What is the market size of the Restaurants & Takeaways industry in Latvia in 2024?
The market size of the Restaurants & Takeaways industry in Latvia is €581.2m in 2024.
How many businesses are there in the Restaurants & Takeaways in Latvia industry in 2024?
There are 2,289 businesses in the Restaurants & Takeaways industry in Latvia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Restaurants & Takeaways industry in Latvia grown or declined over the past 5 years?
The market size of the Restaurants & Takeaways industry in Latvia has been declining at a CAGR of 5.4 % between 2019 and 2024.
What is the forecast growth of the Restaurants & Takeaways industry in Latvia over the next 5 years?
Over the next five years, the Restaurants & Takeaways industry in Latvia is expected to grow.
What are the biggest companies in the Restaurants & Takeaways market in Latvia?
The biggest companies operating in the Restaurants & Takeaways market in Latvia are MCD Europe Ltd, Yum! Restaurant Holdings and Subway International BV
What does the Restaurants & Takeaways in Latvia include?
Full-service restaurants and Fast-food restaurants are part of the Restaurants & Takeaways industry.
Which companies have the highest market share in the Restaurants & Takeaways in Latvia?
The company holding the most market share in Latvia is MCD Europe Ltd.
How competitive is the Restaurants & Takeaways industry in Latvia?
The level of competition is high and steady in the Restaurants & Takeaways industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Prepared Meal Production in Latvia
- Supermarkets & Grocery Stores in Latvia
- Pubs, Bars & Coffee shops in Latvia
Complementors
- Drink Manufacturing in Latvia
- Hotels & Holiday Accommodation in Latvia
Table of Contents
About this industry
Industry definition
Companies in this industry provide food services to customers, whether they’re served while seated or serve themselves from a display of items. The industry includes the consumption of meals on the premises, food delivery and takeaway orders. It covers full-service restaurants, fast-food restaurants, mobile food carts and establishments selling prepared takeaway meals.
Related Terms
TAKEAWAYSFAST FOODFULL-SERVICE RESTAURANTSWhat's included in this industry?
Full-service restaurantsFast-food restaurantsTakeaway restaurantsMobile food standsCompanies
MCD Europe LtdYum! Restaurant HoldingsSubway International BVIndustry Code
561 - Restaurants and mobile food service activities in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- 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 Restaurants & Takeaways in Latvia industry?
Outlook
Analysis
What's driving the Restaurants & Takeaways in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Restaurants & Takeaways in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Restaurants & Takeaways in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Takeaways enjoy an online ordering boom during the pandemic. While restaurants faced restrictions that left them unable to generate dine-in revenue, takeaways continued to operate, seeing their sales climb as people stuck at home looked to treat themselves.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Restaurants & Takeaways in Latvia industry's products and services performing?
Analysis
What are innovations in the Restaurants & Takeaways in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Restaurants & Takeaways 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 presence of independent outlets keeps the market fragmented. Despite the presence of big-name fast-food chains like McDonald’s, Subway and Burger King, there are many smaller, independent restaurants and takeaways throughout 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 Restaurants & Takeaways in Latvia located?
Companies
Data Tables
Top 4 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Restaurants and takeaways must comply with specific food rules. Food establishments have to follow rules on food preparation, storage and waste, alongside rules on labelling of foods containing any of the 14 most common allergens, including eggs, peanuts and molluscs.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Restaurants & Takeaways in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
The COVID-19 outbreak takes a toll on profitability. Strict restrictions during the pandemic left restaurants unable to generate revenue from dine-in service, cutting sales and eating into profit.
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 Restaurants & Takeaways 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?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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