| Product Code: ETC7906323 | 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 |
In 2024, Latvia continued to attract Boswellia extracts from top exporting countries such as Germany, Spain, Italy, Lithuania, and the UAE. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The impressive compound annual growth rate (CAGR) of 101.67% from 2020 to 2024 demonstrates a rapidly expanding market. Moreover, the remarkable growth rate of 162.47% from 2023 to 2024 suggests a surge in demand for Boswellia extracts in Latvia, emphasizing the country`s growing interest in this product.

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 Boswellia Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Boswellia Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Boswellia Extracts Market - Industry Life Cycle |
3.4 Latvia Boswellia Extracts Market - Porter's Five Forces |
3.5 Latvia Boswellia Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Boswellia Extracts Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Latvia Boswellia Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Boswellia Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of boswellia extracts |
4.2.2 Growing demand for natural and herbal products in the healthcare industry |
4.2.3 Rising prevalence of chronic diseases and conditions requiring natural remedies |
4.3 Market Restraints |
4.3.1 Limited availability of high-quality boswellia extracts in the market |
4.3.2 Fluctuating prices of raw materials and production costs |
4.3.3 Stringent regulations and compliance requirements in the herbal supplements industry |
5 Latvia Boswellia Extracts Market Trends |
6 Latvia Boswellia Extracts Market, By Types |
6.1 Latvia Boswellia Extracts Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Boswellia Extracts Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Boswellia Extracts Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Latvia Boswellia Extracts Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Latvia Boswellia Extracts Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Latvia Boswellia Extracts Market Revenues & Volume, By Boswellia Serrata, 2021- 2031F |
6.2.3 Latvia Boswellia Extracts Market Revenues & Volume, By Boswellia Carterii, 2021- 2031F |
6.2.4 Latvia Boswellia Extracts Market Revenues & Volume, By Boswellia Frereana, 2021- 2031F |
6.2.5 Latvia Boswellia Extracts Market Revenues & Volume, By Boswellia Sacra, 2021- 2031F |
6.2.6 Latvia Boswellia Extracts Market Revenues & Volume, By Boswellia Papyrifera, 2021- 2031F |
6.3 Latvia Boswellia Extracts Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Boswellia Extracts Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.3 Latvia Boswellia Extracts Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.4 Latvia Boswellia Extracts Market Revenues & Volume, By Aromatherapy, 2021- 2031F |
6.3.5 Latvia Boswellia Extracts Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Boswellia Extracts Market Import-Export Trade Statistics |
7.1 Latvia Boswellia Extracts Market Export to Major Countries |
7.2 Latvia Boswellia Extracts Market Imports from Major Countries |
8 Latvia Boswellia Extracts Market Key Performance Indicators |
8.1 Percentage increase in research and development investments in boswellia extract technology |
8.2 Number of new product launches featuring boswellia extracts |
8.3 Growth in the number of partnerships and collaborations between companies in the boswellia extract market |
8.4 Expansion of distribution channels for boswellia extract products |
9 Latvia Boswellia Extracts Market - Opportunity Assessment |
9.1 Latvia Boswellia Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Boswellia Extracts Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Latvia Boswellia Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Boswellia Extracts Market - Competitive Landscape |
10.1 Latvia Boswellia Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Boswellia Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |