Latvia Astragalus Supplements Market (2025-2031) | Industry, Outlook, Segmentation, Trends, Companies, Share, Forecast, Value, Growth, Analysis, Size & Revenue, Competitive Landscape

Market Forecast By Form (Tablets, Capsules), By Application (Food and Beverage, Dietary Supplements), By Sales Channel (Direct/B2B, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Health and Wellness Stores, Other Retailing Format, Online Retailing) And Competitive Landscape
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

Latvia Astragalus Supplements Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Latvia Astragalus Supplements Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Astragalus Supplements Market Outlook
  • Market Size of Latvia Astragalus Supplements Market, 2024
  • Forecast of Latvia Astragalus Supplements Market, 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Revenues & Volume for the Period 2021- 2031
  • Latvia Astragalus Supplements Market Trend Evolution
  • Latvia Astragalus Supplements Market Drivers and Challenges
  • Latvia Astragalus Supplements Price Trends
  • Latvia Astragalus Supplements Porter's Five Forces
  • Latvia Astragalus Supplements Industry Life Cycle
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Form for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Tablets for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Capsules for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Food and Beverage for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Dietary Supplements for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Sales Channel for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Direct/B2B for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Hypermarkets/Supermarkets for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Convenience Stores for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Specialty Stores for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Health and Wellness Stores for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Other Retailing Format for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Astragalus Supplements Market Revenues & Volume By Online Retailing for the Period 2021- 2031
  • Latvia Astragalus Supplements Import Export Trade Statistics
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Sales Channel
  • Latvia Astragalus Supplements Top Companies Market Share
  • Latvia Astragalus Supplements Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Astragalus Supplements Company Profiles
  • Latvia Astragalus Supplements Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Astragalus Supplements Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Astragalus Supplements Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 assessment - trade Analytics for 2030

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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