| Product Code: ETC11372725 | 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 |
The import shipments of Ayurvedic herbal extracts to Latvia in 2024 showcased a notable shift in concentration, with top exporters being Poland, Lithuania, Netherlands, China, and Sweden. The decrease in the Herfindahl-Hirschman Index (HHI) from very high in 2023 to low in 2024 indicates a more diversified import market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-24 remained strong at 11.74%. This suggests a steady demand for Ayurvedic herbal extracts in Latvia, with potential opportunities for market expansion and product innovation.

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 Ayurvedic Herbal Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ayurvedic Herbal Extract Market - Industry Life Cycle |
3.4 Latvia Ayurvedic Herbal Extract Market - Porter's Five Forces |
3.5 Latvia Ayurvedic Herbal Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Ayurvedic Herbal Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Ayurvedic Herbal Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the benefits of ayurvedic herbal extracts |
4.2.2 Increasing demand for natural and organic products in the market |
4.2.3 Favorable government regulations supporting the use of herbal extracts in healthcare and wellness products |
4.3 Market Restraints |
4.3.1 Limited availability of authentic ayurvedic herbal extracts in the market |
4.3.2 Lack of standardized quality control measures in the production of herbal extracts |
4.3.3 Price sensitivity among consumers compared to synthetic alternatives |
5 Latvia Ayurvedic Herbal Extract Market Trends |
6 Latvia Ayurvedic Herbal Extract Market, By Types |
6.1 Latvia Ayurvedic Herbal Extract Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Ginseng, 2021 - 2031F |
6.1.4 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Cardamom, 2021 - 2031F |
6.1.5 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Cumin, 2021 - 2031F |
6.1.6 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Basil, 2021 - 2031F |
6.1.7 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Neem, 2021 - 2031F |
6.1.8 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Ashwagandha, 2021 - 2029F |
6.1.9 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Others, 2021 - 2029F |
6.1.10 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Others, 2021 - 2029F |
6.2 Latvia Ayurvedic Herbal Extract Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Food and Beverages, 2021 - 2031F |
6.2.3 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Personal Care and Cosmetics, 2021 - 2031F |
6.2.4 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Pharmaceutical and Nutraceutical, 2021 - 2031F |
6.2.5 Latvia Ayurvedic Herbal Extract Market Revenues & Volume, By Animal Feed, 2021 - 2031F |
7 Latvia Ayurvedic Herbal Extract Market Import-Export Trade Statistics |
7.1 Latvia Ayurvedic Herbal Extract Market Export to Major Countries |
7.2 Latvia Ayurvedic Herbal Extract Market Imports from Major Countries |
8 Latvia Ayurvedic Herbal Extract Market Key Performance Indicators |
8.1 Consumer adoption rate of ayurvedic herbal extract products |
8.2 Number of new product launches containing ayurvedic herbal extracts |
8.3 Percentage of repeat customers purchasing ayurvedic herbal extract products |
9 Latvia Ayurvedic Herbal Extract Market - Opportunity Assessment |
9.1 Latvia Ayurvedic Herbal Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Ayurvedic Herbal Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Ayurvedic Herbal Extract Market - Competitive Landscape |
10.1 Latvia Ayurvedic Herbal Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ayurvedic Herbal Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |