| Product Code: ETC5046340 | 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 |
Latvia`s import shipments of rennet in 2024 continued to be dominated by top exporting countries such as Denmark, Lithuania, Germany, Italy, and Poland. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2023 escalated to very high concentration in 2024, indicating a market increasingly dominated by a few key players. The impressive compound annual growth rate (CAGR) of 18.29% from 2020 to 2024 highlights the growing demand for rennet in Latvia. Moreover, the growth rate of 8.28% from 2023 to 2024 signifies a steady expansion in the market during that period.

The Rennet market in Latvia is projected to grow at a stable growth rate of 0.45% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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 Rennet Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Rennet Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Rennet Market - Industry Life Cycle |
3.4 Latvia Rennet Market - Porter's Five Forces |
3.5 Latvia Rennet Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Rennet Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Rennet Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
3.8 Latvia Rennet Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Rennet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for artisanal and specialty cheeses |
4.2.2 Growing awareness about the health benefits of consuming rennet-based products |
4.2.3 Rising disposable income leading to higher spending on premium dairy products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as milk and enzymes |
4.3.2 Intense competition from substitute products like plant-based rennet alternatives |
4.3.3 Stringent regulations and quality standards impacting production costs |
5 Latvia Rennet Market Trends |
6 Latvia Rennet Market Segmentations |
6.1 Latvia Rennet Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Rennet Market Revenues & Volume, By Animal-derived Rennet, 2021-2031F |
6.1.3 Latvia Rennet Market Revenues & Volume, By Microbial Rennet, 2021-2031F |
6.1.4 Latvia Rennet Market Revenues & Volume, By Fermentation Produced Chymosin Rennet, 2021-2031F | 6.1.6 Latvia Rennet Market Revenues & Volume, By Vegetable Rennet, 2021-2031F |
6.2 Latvia Rennet Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Rennet Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.3 Latvia Rennet Market Revenues & Volume, By Powder, 2021-2031F |
6.2.4 Latvia Rennet Market Revenues & Volume, By Paste, 2021-2031F |
6.3 Latvia Rennet Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Rennet Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Latvia Rennet Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Latvia Rennet Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.5 Latvia Rennet Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.6 Latvia Rennet Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Rennet Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Rennet Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Latvia Rennet Market Revenues & Volume, By Offline, 2021-2031F |
7 Latvia Rennet Market Import-Export Trade Statistics |
7.1 Latvia Rennet Market Export to Major Countries |
7.2 Latvia Rennet Market Imports from Major Countries |
8 Latvia Rennet Market Key Performance Indicators |
8.1 Percentage growth in the number of artisanal cheese producers using rennet in Latvia |
8.2 Average selling price of rennet-based products in the market |
8.3 Consumer satisfaction scores related to the taste and quality of rennet cheese |
8.4 Adoption rate of innovative rennet processing technologies |
8.5 Percentage of market penetration in urban vs. rural areas of Latvia |
9 Latvia Rennet Market - Opportunity Assessment |
9.1 Latvia Rennet Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Rennet Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Rennet Market Opportunity Assessment, By End-Users, 2021 & 2031F |
9.4 Latvia Rennet Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Rennet Market - Competitive Landscape |
10.1 Latvia Rennet Market Revenue Share, By Companies, 2024 |
10.2 Latvia Rennet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |