| Product Code: ETC5007238 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s baking powder import market saw a shift in concentration levels from high to moderate in 2024, with top exporters being Denmark, Poland, Lithuania, Sweden, and Estonia. Despite a notable decrease in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the period of 2020-24 remained strong at 9.65%. This suggests a stable demand for baking powder imports in Latvia, with a diverse range of exporting countries contributing to the market. Market players should continue to monitor trends and adapt strategies to leverage opportunities in this segment.

In the Europe region, the Baking Powder market in Latvia is projected to expand at a stable growth rate of 0.64% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Powder Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Baking Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Baking Powder Market - Industry Life Cycle |
3.4 Latvia Baking Powder Market - Porter's Five Forces |
3.5 Latvia Baking Powder Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Baking Powder Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Baking Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for convenience food products |
4.2.2 Growing health consciousness among consumers |
4.2.3 Rising disposable income levels in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Intense competition from substitute products |
4.3.3 Stringent government regulations related to food additives |
5 Latvia Baking Powder Market Trends |
6 Latvia Baking Powder Market Segmentations |
6.1 Latvia Baking Powder Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Baking Powder Market Revenues & Volume, By Tartrate, 2021-2031F |
6.1.3 Latvia Baking Powder Market Revenues & Volume, By Brown Sauce, 2021-2031F |
6.1.4 Latvia Baking Powder Market Revenues & Volume, By Aluminum Free, 2021-2031F |
6.1.5 Latvia Baking Powder Market Revenues & Volume, By Phosphate Free, 2021-2031F |
6.1.6 Latvia Baking Powder Market Revenues & Volume, By Phosphate, 2021-2031F |
6.1.7 Latvia Baking Powder Market Revenues & Volume, By Anhydrous Phosphate, 2021-2031F |
6.2 Latvia Baking Powder Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Baking Powder Market Revenues & Volume, By Breads, 2021-2031F |
6.2.3 Latvia Baking Powder Market Revenues & Volume, By Rolls & Pies, 2021-2031F |
6.2.4 Latvia Baking Powder Market Revenues & Volume, By Cakes & Pastries, 2021-2031F |
6.2.5 Latvia Baking Powder Market Revenues & Volume, By Cookies & Biscuits, 2021-2031F |
7 Latvia Baking Powder Market Import-Export Trade Statistics |
7.1 Latvia Baking Powder Market Export to Major Countries |
7.2 Latvia Baking Powder Market Imports from Major Countries |
8 Latvia Baking Powder Market Key Performance Indicators |
8.1 Consumer awareness and perception of baking powder products |
8.2 Number of new product introductions and innovations in the market |
8.3 Consumer preferences and trends towards healthier baking ingredients |
8.4 Retail distribution expansion and penetration in key regions |
8.5 Quality control and product consistency measures in manufacturing processes |
9 Latvia Baking Powder Market - Opportunity Assessment |
9.1 Latvia Baking Powder Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Baking Powder Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Baking Powder Market - Competitive Landscape |
10.1 Latvia Baking Powder Market Revenue Share, By Companies, 2024 |
10.2 Latvia Baking Powder 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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