| Product Code: ETC7904840 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a shift in the import landscape for astragalus supplements with top exporters being Ukraine, Russia, Poland, Egypt, and Albania. The market experienced a decrease in concentration from high to moderate in 2024, indicating a more diversified import market. The negative CAGR of -7.86% over 2020-24 and a growth rate of -16.71% in 2023-24 suggest a challenging market environment. However, with a broader range of exporting countries, there may be opportunities for growth and innovation in the Latvian astragalus supplement market in the coming years.

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 Astragalus Supplements Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Astragalus Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Astragalus Supplements Market - Industry Life Cycle |
3.4 Latvia Astragalus Supplements Market - Porter's Five Forces |
3.5 Latvia Astragalus Supplements Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Astragalus Supplements Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Astragalus Supplements Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Astragalus Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of astragalus supplements. |
4.2.2 Growing demand for natural and herbal products in the health and wellness industry. |
4.2.3 Rising prevalence of chronic diseases leading to a shift towards preventive healthcare. |
4.3 Market Restraints |
4.3.1 Lack of regulatory framework specific to astragalus supplements in Latvia. |
4.3.2 Limited availability of high-quality astragalus extract suppliers. |
4.3.3 Competitive pricing pressure from other herbal supplement alternatives. |
5 Latvia Astragalus Supplements Market Trends |
6 Latvia Astragalus Supplements Market, By Types |
6.1 Latvia Astragalus Supplements Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Astragalus Supplements Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Astragalus Supplements Market Revenues & Volume, By Tablets, 2021- 2031F |
6.1.4 Latvia Astragalus Supplements Market Revenues & Volume, By Capsules, 2021- 2031F |
6.2 Latvia Astragalus Supplements Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Astragalus Supplements Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.2.3 Latvia Astragalus Supplements Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.3 Latvia Astragalus Supplements Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Astragalus Supplements Market Revenues & Volume, By Direct/B2B, 2021- 2031F |
6.3.3 Latvia Astragalus Supplements Market Revenues & Volume, By Hypermarkets/Supermarkets, 2021- 2031F |
6.3.4 Latvia Astragalus Supplements Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.3.5 Latvia Astragalus Supplements Market Revenues & Volume, By Specialty Stores, 2021- 2031F |
6.3.6 Latvia Astragalus Supplements Market Revenues & Volume, By Health and Wellness Stores, 2021- 2031F |
6.3.7 Latvia Astragalus Supplements Market Revenues & Volume, By Other Retailing Format, 2021- 2031F |
7 Latvia Astragalus Supplements Market Import-Export Trade Statistics |
7.1 Latvia Astragalus Supplements Market Export to Major Countries |
7.2 Latvia Astragalus Supplements Market Imports from Major Countries |
8 Latvia Astragalus Supplements Market Key Performance Indicators |
8.1 Consumer engagement with astragalus-related content on social media platforms. |
8.2 Number of clinical studies supporting the efficacy and safety of astragalus supplements. |
8.3 Percentage of healthcare professionals recommending or endorsing astragalus supplements for various health conditions. |
9 Latvia Astragalus Supplements Market - Opportunity Assessment |
9.1 Latvia Astragalus Supplements Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Astragalus Supplements Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Astragalus Supplements Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Astragalus Supplements Market - Competitive Landscape |
10.1 Latvia Astragalus Supplements Market Revenue Share, By Companies, 2024 |
10.2 Latvia Astragalus Supplements 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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