| Product Code: ETC13027957 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia saw a steady growth in animal drug compounding import shipments, with key exporting countries being Lithuania, Netherlands, Switzerland, Poland, and Germany. The market remained relatively competitive with low concentration indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 8.6%, showcasing a positive trend in the industry. Moreover, the growth rate from 2023 to 2024 stood at 7.03%, indicating sustained momentum in the market for animal drug compounding imports 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 Animal Drug Compounding Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Animal Drug Compounding Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Animal Drug Compounding Market - Industry Life Cycle |
3.4 Latvia Animal Drug Compounding Market - Porter's Five Forces |
3.5 Latvia Animal Drug Compounding Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Animal Drug Compounding Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Animal Drug Compounding Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Animal Drug Compounding Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Animal Drug Compounding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for customized medications for animals |
4.2.2 Growing awareness about the benefits of animal drug compounding |
4.2.3 Rising pet ownership and concerns for their well-being |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements |
4.3.2 Limited availability of skilled professionals in animal drug compounding |
4.3.3 Potential safety and quality concerns associated with compounded medications |
5 Latvia Animal Drug Compounding Market Trends |
6 Latvia Animal Drug Compounding Market, By Types |
6.1 Latvia Animal Drug Compounding Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Animal Drug Compounding Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Animal Drug Compounding Market Revenues & Volume, By Oral Compounds, 2021 - 2031F |
6.1.4 Latvia Animal Drug Compounding Market Revenues & Volume, By Topical Compounds, 2021 - 2031F |
6.1.5 Latvia Animal Drug Compounding Market Revenues & Volume, By Injectable Compounds, 2021 - 2031F |
6.1.6 Latvia Animal Drug Compounding Market Revenues & Volume, By Ophthalmic Compounds, 2021 - 2031F |
6.1.7 Latvia Animal Drug Compounding Market Revenues & Volume, By Otic Compounds, 2021 - 2031F |
6.2 Latvia Animal Drug Compounding Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Animal Drug Compounding Market Revenues & Volume, By Companion Animals, 2021 - 2031F |
6.2.3 Latvia Animal Drug Compounding Market Revenues & Volume, By Livestock, 2021 - 2031F |
6.2.4 Latvia Animal Drug Compounding Market Revenues & Volume, By Equine, 2021 - 2031F |
6.2.5 Latvia Animal Drug Compounding Market Revenues & Volume, By Exotic Pets, 2021 - 2031F |
6.2.6 Latvia Animal Drug Compounding Market Revenues & Volume, By Small Animals, 2021 - 2031F |
6.3 Latvia Animal Drug Compounding Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Animal Drug Compounding Market Revenues & Volume, By Veterinary Care, 2021 - 2031F |
6.3.3 Latvia Animal Drug Compounding Market Revenues & Volume, By Livestock Farming, 2021 - 2031F |
6.3.4 Latvia Animal Drug Compounding Market Revenues & Volume, By Equine Care, 2021 - 2031F |
6.3.5 Latvia Animal Drug Compounding Market Revenues & Volume, By Exotic Pet Care, 2021 - 2031F |
6.3.6 Latvia Animal Drug Compounding Market Revenues & Volume, By Small Animal Care, 2021 - 2031F |
6.4 Latvia Animal Drug Compounding Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Animal Drug Compounding Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.4.3 Latvia Animal Drug Compounding Market Revenues & Volume, By Online Sales, 2021 - 2031F |
7 Latvia Animal Drug Compounding Market Import-Export Trade Statistics |
7.1 Latvia Animal Drug Compounding Market Export to Major Countries |
7.2 Latvia Animal Drug Compounding Market Imports from Major Countries |
8 Latvia Animal Drug Compounding Market Key Performance Indicators |
8.1 Percentage of veterinary clinics offering animal drug compounding services |
8.2 Number of new product formulations developed annually |
8.3 Rate of adoption of innovative technologies in compounding practices |
8.4 Customer satisfaction and retention rates for compounded medications |
8.5 Number of partnerships or collaborations with veterinary professionals or organizations for market expansion |
9 Latvia Animal Drug Compounding Market - Opportunity Assessment |
9.1 Latvia Animal Drug Compounding Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Animal Drug Compounding Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Animal Drug Compounding Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Animal Drug Compounding Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Animal Drug Compounding Market - Competitive Landscape |
10.1 Latvia Animal Drug Compounding Market Revenue Share, By Companies, 2024 |
10.2 Latvia Animal Drug Compounding Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |