| Product Code: ETC5241052 | 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 an increase in the concentration of alginate imports, with the top exporting countries being the Netherlands, China, Poland, Germany, and Lithuania. Despite a decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-2024 remained strong at 7.54%. This shift towards moderate concentration indicates evolving market dynamics and potential opportunities for market players to capitalize on the growing demand for alginates in Latvia.

The Alginates market in Latvia is projected to grow at a stable growth rate of 0.83% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Alginates Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Alginates Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Alginates Market - Industry Life Cycle |
3.4 Latvia Alginates Market - Porter's Five Forces |
3.5 Latvia Alginates Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Alginates Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Alginates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for natural ingredients in the food and pharmaceutical industries |
4.2.2 Increasing awareness about the health benefits of alginates |
4.2.3 Expansion of the food processing industry in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations related to the extraction and processing of alginates |
4.3.3 Competition from substitute products in the market |
5 Latvia Alginates Market Trends |
6 Latvia Alginates Market Segmentations |
6.1 Latvia Alginates Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Alginates Market Revenues & Volume, By Sodium Alginate, 2021-2031F |
6.1.3 Latvia Alginates Market Revenues & Volume, By Calcium Alginate, 2021-2031F |
6.1.4 Latvia Alginates Market Revenues & Volume, By Potassium Alginate, 2021-2031F |
6.1.5 Latvia Alginates Market Revenues & Volume, By PGA, 2021-2031F |
6.1.6 Latvia Alginates Market Revenues & Volume, By Others, 2021-2031F |
6.1.7 Latvia Alginates Market Revenues & Volume, By , 2021-2031F |
6.2 Latvia Alginates Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Alginates Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.3 Latvia Alginates Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Latvia Alginates Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Latvia Alginates Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Alginates Market Import-Export Trade Statistics |
7.1 Latvia Alginates Market Export to Major Countries |
7.2 Latvia Alginates Market Imports from Major Countries |
8 Latvia Alginates Market Key Performance Indicators |
8.1 Percentage of food products using alginates as a key ingredient |
8.2 Number of research studies highlighting the health benefits of alginates |
8.3 Rate of adoption of alginate-based products in the pharmaceutical industry |
9 Latvia Alginates Market - Opportunity Assessment |
9.1 Latvia Alginates Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Alginates Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Alginates Market - Competitive Landscape |
10.1 Latvia Alginates Market Revenue Share, By Companies, 2024 |
10.2 Latvia Alginates Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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