| Product Code: ETC4657714 | 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 | |
In 2024, Latvia`s plant extracts import market saw significant growth with a CAGR of 11.26% from 2020 to 2024. Top exporting countries to Latvia included Poland, Lithuania, China, Metropolitan France, and Sweden. The market remained competitive with a low Herfindahl-Hirschman Index (HHI) concentration in 2024. The growth rate from 2023 to 2024 was a notable 11.64%, indicating a promising trajectory for plant extracts imports in Latvia. This data suggests a dynamic and diversified market landscape with continued opportunities for expansion and collaboration in the industry.
By 2027, Latvia's Plant Extracts market is forecasted to achieve a stable growth rate of 1.63%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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 Plant Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plant Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plant Extracts Market - Industry Life Cycle |
3.4 Latvia Plant Extracts Market - Porter's Five Forces |
3.5 Latvia Plant Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Plant Extracts Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Latvia Plant Extracts Market Revenues & Volume Share, By Source Types, 2021 & 2031F |
4 Latvia Plant Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of plant extracts |
4.2.2 Growing demand for natural and organic products in the beauty and healthcare industries |
4.2.3 Favorable government regulations supporting the use of plant extracts in various applications |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for plant extract production |
4.3.2 High production costs associated with extraction and processing of plant extracts |
4.3.3 Intense competition from synthetic alternatives in the market |
5 Latvia Plant Extracts Market Trends |
6 Latvia Plant Extracts Market Segmentations |
6.1 Latvia Plant Extracts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plant Extracts Market Revenues & Volume, By Spices, 2021-2031F |
6.1.3 Latvia Plant Extracts Market Revenues & Volume, By Essential oils, 2021-2031F |
6.1.4 Latvia Plant Extracts Market Revenues & Volume, By Flavors & fragrances, 2021-2031F |
6.1.5 Latvia Plant Extracts Market Revenues & Volume, By Phytomedicines & herbal extracts, 2021-2031F |
6.2 Latvia Plant Extracts Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plant Extracts Market Revenues & Volume, By Pharmaceuticals & dietary supplements, 2021-2031F |
6.2.3 Latvia Plant Extracts Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 Latvia Plant Extracts Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Latvia Plant Extracts Market Revenues & Volume, By Others? , 2021-2031F |
6.3 Latvia Plant Extracts Market, By Source Types |
6.3.1 Overview and Analysis |
6.3.2 Latvia Plant Extracts Market Revenues & Volume, By Leaves, 2021-2031F |
6.3.3 Latvia Plant Extracts Market Revenues & Volume, By Fruits, Flowers, and Bulbs, 2021-2031F |
6.3.4 Latvia Plant Extracts Market Revenues & Volume, By Rhizomes & roots? ? , 2021-2031F |
6.3.5 Latvia Plant Extracts Market Revenues & Volume, By Barks & stems, 2021-2031F |
6.3.6 Latvia Plant Extracts Market Revenues & Volume, By Others? , 2021-2031F |
7 Latvia Plant Extracts Market Import-Export Trade Statistics |
7.1 Latvia Plant Extracts Market Export to Major Countries |
7.2 Latvia Plant Extracts Market Imports from Major Countries |
8 Latvia Plant Extracts Market Key Performance Indicators |
8.1 Research and development investment in new plant extract formulations |
8.2 Number of new product launches featuring plant extracts |
8.3 Adoption rate of plant extract-based products by consumers |
8.4 Sustainability initiatives in the plant extract supply chain |
8.5 Growth in the number of partnerships and collaborations within the plant extract industry |
9 Latvia Plant Extracts Market - Opportunity Assessment |
9.1 Latvia Plant Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Plant Extracts Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Latvia Plant Extracts Market Opportunity Assessment, By Source Types, 2021 & 2031F |
10 Latvia Plant Extracts Market - Competitive Landscape |
10.1 Latvia Plant Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plant Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |