| Product Code: ETC11401141 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s aqua feed import market in 2024 continued to showcase strong growth, with top exporting countries like Spain, Estonia, Lithuania, USA, and Poland contributing significantly. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to competitive dynamics. The impressive compound annual growth rate (CAGR) of 28.01% from 2020 to 2024 underscores the increasing demand for aqua feed in Latvia. Moreover, the growth rate of 16.41% in 2024 alone highlights the momentum and opportunities present in the market for both local and international players.

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 Aqua Feed Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aqua Feed Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aqua Feed Market - Industry Life Cycle |
3.4 Latvia Aqua Feed Market - Porter's Five Forces |
3.5 Latvia Aqua Feed Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Latvia Aqua Feed Market Revenues & Volume Share, By Additive, 2021 & 2031F |
3.7 Latvia Aqua Feed Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Latvia Aqua Feed Market Revenues & Volume Share, By Lifecycle, 2021 & 2031F |
4 Latvia Aqua Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aquaculture products in Latvia |
4.2.2 Growing awareness about the benefits of using quality aqua feed |
4.2.3 Government support and initiatives to promote aquaculture industry in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent regulations and compliance standards in aqua feed production |
4.3.3 Competition from imported aqua feed products |
5 Latvia Aqua Feed Market Trends |
6 Latvia Aqua Feed Market, By Types |
6.1 Latvia Aqua Feed Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aqua Feed Market Revenues & Volume, By Species, 2021 - 2031F |
6.1.3 Latvia Aqua Feed Market Revenues & Volume, By Tilapia, 2021 - 2031F |
6.1.4 Latvia Aqua Feed Market Revenues & Volume, By Carp, 2021 - 2031F |
6.1.5 Latvia Aqua Feed Market Revenues & Volume, By Salmon, 2021 - 2031F |
6.1.6 Latvia Aqua Feed Market Revenues & Volume, By Catfish, 2021 - 2031F |
6.1.7 Latvia Aqua Feed Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Aqua Feed Market, By Additive |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aqua Feed Market Revenues & Volume, By Amino Acids, 2021 - 2031F |
6.2.3 Latvia Aqua Feed Market Revenues & Volume, By Antibiotics, 2021 - 2031F |
6.2.4 Latvia Aqua Feed Market Revenues & Volume, By Vitamins, 2021 - 2031F |
6.2.5 Latvia Aqua Feed Market Revenues & Volume, By Feed Acidifiers, 2021 - 2031F |
6.2.6 Latvia Aqua Feed Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Aqua Feed Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aqua Feed Market Revenues & Volume, By Dry, 2021 - 2031F |
6.3.3 Latvia Aqua Feed Market Revenues & Volume, By Wet, 2021 - 2031F |
6.4 Latvia Aqua Feed Market, By Lifecycle |
6.4.1 Overview and Analysis |
6.4.2 Latvia Aqua Feed Market Revenues & Volume, By Starter Feed, 2021 - 2031F |
6.4.3 Latvia Aqua Feed Market Revenues & Volume, By Grower Feed, 2021 - 2031F |
6.4.4 Latvia Aqua Feed Market Revenues & Volume, By Finisher Feed, 2021 - 2031F |
7 Latvia Aqua Feed Market Import-Export Trade Statistics |
7.1 Latvia Aqua Feed Market Export to Major Countries |
7.2 Latvia Aqua Feed Market Imports from Major Countries |
8 Latvia Aqua Feed Market Key Performance Indicators |
8.1 Average selling price of aqua feed in Latvia |
8.2 Adoption rate of advanced aqua feed technologies in the market |
8.3 Number of aquaculture farms using locally produced aqua feed |
9 Latvia Aqua Feed Market - Opportunity Assessment |
9.1 Latvia Aqua Feed Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Latvia Aqua Feed Market Opportunity Assessment, By Additive, 2021 & 2031F |
9.3 Latvia Aqua Feed Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Latvia Aqua Feed Market Opportunity Assessment, By Lifecycle, 2021 & 2031F |
10 Latvia Aqua Feed Market - Competitive Landscape |
10.1 Latvia Aqua Feed Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aqua Feed 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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