| Product Code: ETC11402101 | 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 aquafeed additive import market continues to thrive with significant growth rates, showcasing a strong CAGR of 28.01% from 2020 to 2024. In 2024, top exporters to Latvia include Spain, Estonia, Lithuania, USA, and Poland. Despite the high concentration with a stable Herfindahl-Hirschman Index (HHI), the industry experienced a notable growth rate of 16.41% from 2023 to 2024. The consistent interest from key exporting countries signals a promising outlook for the aquafeed additive market 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 Aquafeed Additive Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aquafeed Additive Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aquafeed Additive Market - Industry Life Cycle |
3.4 Latvia Aquafeed Additive Market - Porter's Five Forces |
3.5 Latvia Aquafeed Additive Market Revenues & Volume Share, By Additive Type, 2021 & 2031F |
3.6 Latvia Aquafeed Additive Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Aquafeed Additive Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Latvia Aquafeed Additive Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Latvia Aquafeed Additive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for seafood products |
4.2.2 Growth in aquaculture industry in Latvia |
4.2.3 Technological advancements in aquafeed additives |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent regulations related to aquafeed additives |
4.3.3 Competition from alternative feed sources |
5 Latvia Aquafeed Additive Market Trends |
6 Latvia Aquafeed Additive Market, By Types |
6.1 Latvia Aquafeed Additive Market, By Additive Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aquafeed Additive Market Revenues & Volume, By Additive Type, 2021 - 2031F |
6.1.3 Latvia Aquafeed Additive Market Revenues & Volume, By Amino Acids, 2021 - 2031F |
6.1.4 Latvia Aquafeed Additive Market Revenues & Volume, By Antibiotics, 2021 - 2031F |
6.1.5 Latvia Aquafeed Additive Market Revenues & Volume, By Vitamins, 2021 - 2031F |
6.1.6 Latvia Aquafeed Additive Market Revenues & Volume, By Feed Acidifiers, 2021 - 2031F |
6.1.7 Latvia Aquafeed Additive Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Aquafeed Additive Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aquafeed Additive Market Revenues & Volume, By Fish, 2021 - 2031F |
6.2.3 Latvia Aquafeed Additive Market Revenues & Volume, By Crustaceans, 2021 - 2031F |
6.2.4 Latvia Aquafeed Additive Market Revenues & Volume, By Mollusks, 2021 - 2031F |
6.2.5 Latvia Aquafeed Additive Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Aquafeed Additive Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aquafeed Additive Market Revenues & Volume, By Dry, 2021 - 2031F |
6.3.3 Latvia Aquafeed Additive Market Revenues & Volume, By Liquid, 2021 - 2031F |
6.4 Latvia Aquafeed Additive Market, By Function |
6.4.1 Overview and Analysis |
6.4.2 Latvia Aquafeed Additive Market Revenues & Volume, By Growth Promotion, 2021 - 2031F |
6.4.3 Latvia Aquafeed Additive Market Revenues & Volume, By Disease Prevention, 2021 - 2031F |
6.4.4 Latvia Aquafeed Additive Market Revenues & Volume, By Digestive Support, 2021 - 2031F |
6.4.5 Latvia Aquafeed Additive Market Revenues & Volume, By Stress Resistance, 2021 - 2031F |
7 Latvia Aquafeed Additive Market Import-Export Trade Statistics |
7.1 Latvia Aquafeed Additive Market Export to Major Countries |
7.2 Latvia Aquafeed Additive Market Imports from Major Countries |
8 Latvia Aquafeed Additive Market Key Performance Indicators |
8.1 Average feed conversion ratio (FCR) in aquaculture farms |
8.2 Percentage of aquafeed additives sourced from sustainable suppliers |
8.3 Adoption rate of innovative aquafeed additive technologies |
9 Latvia Aquafeed Additive Market - Opportunity Assessment |
9.1 Latvia Aquafeed Additive Market Opportunity Assessment, By Additive Type, 2021 & 2031F |
9.2 Latvia Aquafeed Additive Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Aquafeed Additive Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Latvia Aquafeed Additive Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Latvia Aquafeed Additive Market - Competitive Landscape |
10.1 Latvia Aquafeed Additive Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aquafeed Additive 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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