Latvia Benzoic Acid Market (2025-2031) | Growth, Forecast, Outlook, Trends, Companies, Segmentation, Share, Industry, Revenue, Value, Analysis & Size
Market Forecast By End-use Industry (Food & Beverages, Chemical, Pharmaceutical), By Application (Benzoates, Benzoate plasticizers, Benzoyl Chloride, Alkyd Resins, Animal Feed Additive) And Competitive Landscape
| Product Code: ETC4705594 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
Latvia Benzoic Acid Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of benzoic acid to Latvia in 2024 continued to show a strong growth trend, with a notable increase in concentration among the top exporting countries. Estonia, Netherlands, Lithuania, Germany, and Denmark were the key suppliers in 2024. The high Herfindahl-Hirschman Index (HHI) concentration in 2023 persisted into 2024, indicating a competitive market landscape. With a solid compound annual growth rate (CAGR) of 8.42% from 2020 to 2024 and a growth rate of 7.93% in 2024, the benzoic acid market in Latvia demonstrates resilience and potential for further expansion.
Benzoic Acid Market: Latvia vs Top 5 Major Economies in 2027 (Europe)
The Benzoic Acid market in Latvia is projected to grow at a stable growth rate of 0.43% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.
Key Highlights of the Report:
- Latvia Benzoic Acid Market Outlook
- Market Size of Latvia Benzoic Acid Market, 2024
- Forecast of Latvia Benzoic Acid Market, 2031
- Historical Data and Forecast of Latvia Benzoic Acid Revenues & Volume for the Period 2021-2031
- Latvia Benzoic Acid Market Trend Evolution
- Latvia Benzoic Acid Market Drivers and Challenges
- Latvia Benzoic Acid Price Trends
- Latvia Benzoic Acid Porter`s Five Forces
- Latvia Benzoic Acid Industry Life Cycle
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By End-use Industry for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Food & Beverages for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Chemical for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Benzoates for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Benzoate plasticizers for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Benzoyl Chloride for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Alkyd Resins for the Period 2021-2031
- Historical Data and Forecast of Latvia Benzoic Acid Market Revenues & Volume By Animal Feed Additive for the Period 2021-2031
- Latvia Benzoic Acid Import Export Trade Statistics
- Market Opportunity Assessment By End-use Industry
- Market Opportunity Assessment By Application
- Latvia Benzoic Acid Top Companies Market Share
- Latvia Benzoic Acid Competitive Benchmarking By Technical and Operational Parameters
- Latvia Benzoic Acid Company Profiles
- Latvia Benzoic Acid Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Benzoic Acid 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 Benzoic Acid Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Benzoic Acid Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Benzoic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Benzoic Acid Market - Industry Life Cycle |
3.4 Latvia Benzoic Acid Market - Porter's Five Forces |
3.5 Latvia Benzoic Acid Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
3.6 Latvia Benzoic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Benzoic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for preservatives in the food and beverage industry |
4.2.2 Growing awareness about the benefits of benzoic acid in pharmaceutical applications |
4.2.3 Expansion of the personal care and cosmetics industry in Latvia |
4.3 Market Restraints |
4.3.1 Stringent regulations regarding the usage of benzoic acid in certain applications |
4.3.2 Fluctuating prices of raw materials impacting production costs |
5 Latvia Benzoic Acid Market Trends |
6 Latvia Benzoic Acid Market Segmentations |
6.1 Latvia Benzoic Acid Market, By End-use Industry |
6.1.1 Overview and Analysis |
6.1.2 Latvia Benzoic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.1.3 Latvia Benzoic Acid Market Revenues & Volume, By Chemical, 2021-2031F |
6.1.4 Latvia Benzoic Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2 Latvia Benzoic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Benzoic Acid Market Revenues & Volume, By Benzoates, 2021-2031F |
6.2.3 Latvia Benzoic Acid Market Revenues & Volume, By Benzoate plasticizers, 2021-2031F |
6.2.4 Latvia Benzoic Acid Market Revenues & Volume, By Benzoyl Chloride, 2021-2031F |
6.2.5 Latvia Benzoic Acid Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.2.6 Latvia Benzoic Acid Market Revenues & Volume, By Animal Feed Additive, 2021-2031F |
7 Latvia Benzoic Acid Market Import-Export Trade Statistics |
7.1 Latvia Benzoic Acid Market Export to Major Countries |
7.2 Latvia Benzoic Acid Market Imports from Major Countries |
8 Latvia Benzoic Acid Market Key Performance Indicators |
8.1 Research and development investment in benzoic acid technology |
8.2 Number of new product launches containing benzoic acid |
8.3 Adoption rate of benzoic acid in different end-user industries |
9 Latvia Benzoic Acid Market - Opportunity Assessment |
9.1 Latvia Benzoic Acid Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
9.2 Latvia Benzoic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Benzoic Acid Market - Competitive Landscape |
10.1 Latvia Benzoic Acid Market Revenue Share, By Companies, 2024 |
10.2 Latvia Benzoic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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