| Product Code: ETC5797771 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The baking ingredients import market in Latvia saw significant growth in 2024, with top exporting countries being Lithuania, Germany, Denmark, Belgium, and Poland. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), shifted from low to moderate in 2024, indicating increased competition. With a high compound annual growth rate (CAGR) of 34.71% from 2020 to 2024 and a notable growth rate of 16.64% from 2023 to 2024, it is evident that the demand for baking ingredients in Latvia is on the rise, presenting opportunities for both domestic and international suppliers.

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 Baking Ingredients Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Baking Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Baking Ingredients Market - Industry Life Cycle |
3.4 Latvia Baking Ingredients Market - Porter's Five Forces |
3.5 Latvia Baking Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Baking Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Baking Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for artisanal and healthy baked goods |
4.2.2 Growing popularity of home baking and cooking due to the COVID-19 pandemic |
4.2.3 Rising disposable income leading to higher spending on premium baking ingredients |
4.3 Market Restraints |
4.3.1 Fluctuating prices of key ingredients like flour, sugar, and butter |
4.3.2 Intense competition from established and new players in the market |
4.3.3 Stringent regulations and quality standards in the food industry |
5 Latvia Baking Ingredients Market Trends |
6 Latvia Baking Ingredients Market Segmentations |
6.1 Latvia Baking Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Baking Ingredients Market Revenues & Volume, By Emulsifiers, 2021-2031F |
6.1.3 Latvia Baking Ingredients Market Revenues & Volume, By Leavening Agents, 2021-2031F |
6.1.4 Latvia Baking Ingredients Market Revenues & Volume, By Enzymes, 2021-2031F |
6.1.5 Latvia Baking Ingredients Market Revenues & Volume, By Baking Powders & Mixes, 2021-2031F |
6.1.6 Latvia Baking Ingredients Market Revenues & Volume, By Oil, 2021-2031F |
6.1.7 Latvia Baking Ingredients Market Revenues & Volume, By Fats & Shortenings, 2021-2031F |
6.1.9 Latvia Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.1.10 Latvia Baking Ingredients Market Revenues & Volume, By Colors & Flavors, 2021-2031F |
6.2 Latvia Baking Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Baking Ingredients Market Revenues & Volume, By Bread , 2021-2031F |
6.2.3 Latvia Baking Ingredients Market Revenues & Volume, By Sweet Bakery, 2021-2031F |
7 Latvia Baking Ingredients Market Import-Export Trade Statistics |
7.1 Latvia Baking Ingredients Market Export to Major Countries |
7.2 Latvia Baking Ingredients Market Imports from Major Countries |
8 Latvia Baking Ingredients Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms related to baking recipes and ingredients |
8.2 Number of new product launches and innovations in the baking ingredients market |
8.3 Participation and attendance in baking expos, workshops, and events in Latvia |
8.4 Consumer surveys and feedback on preferences and trends in baking ingredients |
8.5 Adoption rate of new baking techniques and trends in the Latvian baking industry |
9 Latvia Baking Ingredients Market - Opportunity Assessment |
9.1 Latvia Baking Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Baking Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Baking Ingredients Market - Competitive Landscape |
10.1 Latvia Baking Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Latvia Baking Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |