| Product Code: ETC5001918 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a steady increase in herb and spice extracts import shipments, with top exporters being Poland, Lithuania, China, Metropolitan France, and Sweden. The market remains competitive with low concentration as indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a promising 11.26%, reflecting a robust and expanding market. Additionally, the growth rate from 2023 to 2024 accelerated to 11.64%, suggesting a positive outlook for the herb and spice extracts import market in Latvia.

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 Herb & Spice Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Herb & Spice Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Herb & Spice Extracts Market - Industry Life Cycle |
3.4 Latvia Herb & Spice Extracts Market - Porter's Five Forces |
3.5 Latvia Herb & Spice Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Herb & Spice Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Herb & Spice Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Herb & Spice Extracts Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Herb & Spice Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of herb and spice extracts |
4.2.2 Growing demand for natural and clean label products in the food and beverage industry |
4.2.3 Rising trend of incorporating traditional Latvian herbs and spices in culinary practices |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in herb and spice extracts production |
4.3.2 Stringent regulations and certifications required for sourcing and processing herb and spice extracts |
4.3.3 Limited availability of certain niche herb and spice varieties in the Latvian market |
5 Latvia Herb & Spice Extracts Market Trends |
6 Latvia Herb & Spice Extracts Market Segmentations |
6.1 Latvia Herb & Spice Extracts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Herb & Spice Extracts Market Revenues & Volume, By Herb Extracts, 2021-2031F |
6.1.3 Latvia Herb & Spice Extracts Market Revenues & Volume, By Spice Extracts, 2021-2031F |
6.2 Latvia Herb & Spice Extracts Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Herb & Spice Extracts Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Latvia Herb & Spice Extracts Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Latvia Herb & Spice Extracts Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Herb & Spice Extracts Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Herb & Spice Extracts Market Revenues & Volume, By Food, 2021-2031F |
6.3.3 Latvia Herb & Spice Extracts Market Revenues & Volume, By Beverages, 2021-2031F |
6.3.4 Latvia Herb & Spice Extracts Market Revenues & Volume, By Juices, 2021-2031F |
6.3.5 Latvia Herb & Spice Extracts Market Revenues & Volume, By Personal Care, 2021-2031F |
6.3.6 Latvia Herb & Spice Extracts Market Revenues & Volume, By Nutraceutical , 2021-2031F |
6.3.7 Latvia Herb & Spice Extracts Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.4 Latvia Herb & Spice Extracts Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Herb & Spice Extracts Market Revenues & Volume, By Direct sales, 2021-2031F |
6.4.3 Latvia Herb & Spice Extracts Market Revenues & Volume, By Indirect sales, 2021-2031F |
7 Latvia Herb & Spice Extracts Market Import-Export Trade Statistics |
7.1 Latvia Herb & Spice Extracts Market Export to Major Countries |
7.2 Latvia Herb & Spice Extracts Market Imports from Major Countries |
8 Latvia Herb & Spice Extracts Market Key Performance Indicators |
8.1 Number of new product launches featuring Latvian herb and spice extracts |
8.2 Consumer sentiment towards herb and spice extracts in Latvia |
8.3 Adoption rate of herb and spice extracts by Latvian food manufacturers |
8.4 Export volume of Latvian herb and spice extracts |
8.5 Investment in research and development for new herb and spice extract formulations |
9 Latvia Herb & Spice Extracts Market - Opportunity Assessment |
9.1 Latvia Herb & Spice Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Herb & Spice Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Herb & Spice Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Herb & Spice Extracts Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Herb & Spice Extracts Market - Competitive Landscape |
10.1 Latvia Herb & Spice Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Herb & Spice Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |