| Product Code: ETC4767971 | 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 continued to see a significant influx of alginic acid imports, with top exporting countries being Poland, Germany, Lithuania, Belgium, and Finland. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting challenges for new entrants. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 20.85% over the period of 2020-24 highlights the overall positive trend in alginic acid imports to Latvia. The market dynamics and key players in this sector will be crucial for future strategic planning and decision-making.

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 Alginic acid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Alginic acid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Alginic acid Market - Industry Life Cycle |
3.4 Latvia Alginic acid Market - Porter's Five Forces |
3.5 Latvia Alginic acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Alginic acid Market Revenues & Volume Share, By Industry use, 2021 & 2031F |
3.7 Latvia Alginic acid Market Revenues & Volume Share, By Functional Usage, 2021 & 2031F |
4 Latvia Alginic acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for natural and organic ingredients in the food and pharmaceutical industries |
4.2.2 Increasing awareness about the health benefits of alginic acid |
4.2.3 Growing research and development activities in the biotechnology sector |
4.3 Market Restraints |
4.3.1 High production costs associated with alginic acid extraction and purification |
4.3.2 Limited availability of raw materials for alginic acid production |
4.3.3 Stringent regulations and quality standards in the food and pharmaceutical industries |
5 Latvia Alginic acid Market Trends |
6 Latvia Alginic acid Market Segmentations |
6.1 Latvia Alginic acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Alginic acid Market Revenues & Volume, By Sodium Alginate, 2021-2031F |
6.1.3 Latvia Alginic acid Market Revenues & Volume, By Potassium Alginate, 2021-2031F |
6.1.4 Latvia Alginic acid Market Revenues & Volume, By Calcium Alginate, 2021-2031F |
6.1.5 Latvia Alginic acid Market Revenues & Volume, By Ammonium Alginate, 2021-2031F |
6.1.6 Latvia Alginic acid Market Revenues & Volume, By Lithium, 2021-2031F |
6.1.7 Latvia Alginic acid Market Revenues & Volume, By Magnesium, 2021-2031F |
6.2 Latvia Alginic acid Market, By Industry use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Alginic acid Market Revenues & Volume, By Food Industry, 2021-2031F |
6.2.3 Latvia Alginic acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 Latvia Alginic acid Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.5 Latvia Alginic acid Market Revenues & Volume, By Art and Crafts, 2021-2031F |
6.2.6 Latvia Alginic acid Market Revenues & Volume, By Textile and Paper Industry, 2021-2031F |
6.2.7 Latvia Alginic acid Market Revenues & Volume, By Industries and Technical, 2021-2031F |
6.2.8 Latvia Alginic acid Market Revenues & Volume, By Other, 2021-2031F |
6.2.9 Latvia Alginic acid Market Revenues & Volume, By Other, 2021-2031F |
6.3 Latvia Alginic acid Market, By Functional Usage |
6.3.1 Overview and Analysis |
6.3.2 Latvia Alginic acid Market Revenues & Volume, By Moisture Retainer, 2021-2031F |
6.3.3 Latvia Alginic acid Market Revenues & Volume, By Thickening agent, 2021-2031F |
6.3.4 Latvia Alginic acid Market Revenues & Volume, By A gelling agent, 2021-2031F |
6.3.5 Latvia Alginic acid Market Revenues & Volume, By Adhesive, 2021-2031F |
6.3.6 Latvia Alginic acid Market Revenues & Volume, By Coating, 2021-2031F |
6.3.7 Latvia Alginic acid Market Revenues & Volume, By Stabilizer, 2021-2031F |
7 Latvia Alginic acid Market Import-Export Trade Statistics |
7.1 Latvia Alginic acid Market Export to Major Countries |
7.2 Latvia Alginic acid Market Imports from Major Countries |
8 Latvia Alginic acid Market Key Performance Indicators |
8.1 Research and development investments in alginic acid technology |
8.2 Number of new product launches containing alginic acid |
8.3 Adoption rate of alginic acid products in various industries |
9 Latvia Alginic acid Market - Opportunity Assessment |
9.1 Latvia Alginic acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Alginic acid Market Opportunity Assessment, By Industry use, 2021 & 2031F |
9.3 Latvia Alginic acid Market Opportunity Assessment, By Functional Usage, 2021 & 2031F |
10 Latvia Alginic acid Market - Competitive Landscape |
10.1 Latvia Alginic acid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Alginic acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |