| Product Code: ETC7904604 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw significant imports of aquafeed modifiers, with top exporters including Russia, Lithuania, Denmark, Poland, and Germany. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The industry also showed impressive growth, with a compound annual growth rate (CAGR) of 28.32% from 2020 to 2024, and a notable growth rate of 19.93% from 2023 to 2024. This data suggests a strong demand for aquafeed modifiers in Latvia, driven by imports from key exporting countries.

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 Modifiers Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aquafeed Modifiers Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aquafeed Modifiers Market - Industry Life Cycle |
3.4 Latvia Aquafeed Modifiers Market - Porter's Five Forces |
3.5 Latvia Aquafeed Modifiers Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.6 Latvia Aquafeed Modifiers Market Revenues & Volume Share, By Flavour, 2021 & 2031F |
3.7 Latvia Aquafeed Modifiers Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Latvia Aquafeed Modifiers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality aquaculture products in Latvia |
4.2.2 Rising awareness about the benefits of using aquafeed modifiers |
4.2.3 Government initiatives promoting sustainable aquaculture practices |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in aquafeed modifiers |
4.3.2 Stringent regulations related to the approval and usage of aquafeed modifiers in aquaculture |
4.3.3 Competition from alternative aquaculture feed additives |
5 Latvia Aquafeed Modifiers Market Trends |
6 Latvia Aquafeed Modifiers Market, By Types |
6.1 Latvia Aquafeed Modifiers Market, By Species |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aquafeed Modifiers Market Revenues & Volume, By Species, 2021- 2031F |
6.1.3 Latvia Aquafeed Modifiers Market Revenues & Volume, By Fish, 2021- 2031F |
6.1.4 Latvia Aquafeed Modifiers Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.1.5 Latvia Aquafeed Modifiers Market Revenues & Volume, By Mollusks, 2021- 2031F |
6.1.6 Latvia Aquafeed Modifiers Market Revenues & Volume, By Other Species, 2021- 2031F |
6.2 Latvia Aquafeed Modifiers Market, By Flavour |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aquafeed Modifiers Market Revenues & Volume, By Blackcurrant Supreme, 2021- 2031F |
6.2.3 Latvia Aquafeed Modifiers Market Revenues & Volume, By Crayfish and Thermidor, 2021- 2031F |
6.2.4 Latvia Aquafeed Modifiers Market Revenues & Volume, By Creamy Vanilla, 2021- 2031F |
6.2.5 Latvia Aquafeed Modifiers Market Revenues & Volume, By Hexed Cream, 2021- 2031F |
6.2.6 Latvia Aquafeed Modifiers Market Revenues & Volume, By Indian Bun Spice, 2021- 2031F |
6.2.7 Latvia Aquafeed Modifiers Market Revenues & Volume, By Maple, 2021- 2031F |
6.2.8 Latvia Aquafeed Modifiers Market Revenues & Volume, By Tutti Fruiti, 2021- 2031F |
6.2.9 Latvia Aquafeed Modifiers Market Revenues & Volume, By Tutti Fruiti, 2021- 2031F |
6.3 Latvia Aquafeed Modifiers Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aquafeed Modifiers Market Revenues & Volume, By Extruded, 2021- 2031F |
6.3.3 Latvia Aquafeed Modifiers Market Revenues & Volume, By Pellet, 2021- 2031F |
6.3.4 Latvia Aquafeed Modifiers Market Revenues & Volume, By Liquid and Powder, 2021- 2031F |
7 Latvia Aquafeed Modifiers Market Import-Export Trade Statistics |
7.1 Latvia Aquafeed Modifiers Market Export to Major Countries |
7.2 Latvia Aquafeed Modifiers Market Imports from Major Countries |
8 Latvia Aquafeed Modifiers Market Key Performance Indicators |
8.1 Average selling price of aquafeed modifiers in Latvia |
8.2 Adoption rate of innovative aquaculture practices in the market |
8.3 Percentage of aquaculture farms using aquafeed modifiers with proven benefits |
8.4 Research and development investments in aquafeed modifier technologies |
9 Latvia Aquafeed Modifiers Market - Opportunity Assessment |
9.1 Latvia Aquafeed Modifiers Market Opportunity Assessment, By Species, 2021 & 2031F |
9.2 Latvia Aquafeed Modifiers Market Opportunity Assessment, By Flavour, 2021 & 2031F |
9.3 Latvia Aquafeed Modifiers Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Latvia Aquafeed Modifiers Market - Competitive Landscape |
10.1 Latvia Aquafeed Modifiers Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aquafeed Modifiers 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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