| Product Code: ETC5011760 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The import of carob powder in Latvia saw a significant increase in 2024, with top exporting countries including Lithuania, Poland, Germany, India, and the UK. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a negative compound annual growth rate (CAGR) from 2020 to 2024, there was a notable growth spurt in 2024 with a growth rate of 16.71%. This suggests a potential shift in consumer preferences or market dynamics that could drive further growth in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Carob Powder Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Carob Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Carob Powder Market - Industry Life Cycle |
3.4 Latvia Carob Powder Market - Porter's Five Forces |
3.5 Latvia Carob Powder Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Carob Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of carob powder |
4.2.2 Growing demand for natural and organic food ingredients |
4.2.3 Rising popularity of plant-based and vegan diets in Latvia |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality carob powder in the market |
4.3.2 Fluctuating prices of raw carob beans affecting the production cost |
4.3.3 Lack of awareness about the versatile uses of carob powder in cooking and baking |
5 Latvia Carob Powder Market Trends |
6 Latvia Carob Powder Market Segmentations |
6.1 Latvia Carob Powder Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Carob Powder Market Revenues & Volume, By Natural Carob Powder, 2021-2031F |
6.1.3 Latvia Carob Powder Market Revenues & Volume, By Organic Carob Powder, 2021-2031F |
7 Latvia Carob Powder Market Import-Export Trade Statistics |
7.1 Latvia Carob Powder Market Export to Major Countries |
7.2 Latvia Carob Powder Market Imports from Major Countries |
8 Latvia Carob Powder Market Key Performance Indicators |
8.1 Number of new product launches featuring carob powder as an ingredient |
8.2 Growth in the number of health and wellness stores stocking carob powder |
8.3 Increase in online searches for carob powder recipes |
8.4 Number of partnerships between carob powder suppliers and food manufacturers |
8.5 Consumer engagement on social media platforms regarding carob powder benefits |
9 Latvia Carob Powder Market - Opportunity Assessment |
9.1 Latvia Carob Powder Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Carob Powder Market - Competitive Landscape |
10.1 Latvia Carob Powder Market Revenue Share, By Companies, 2024 |
10.2 Latvia Carob Powder Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |