| Product Code: ETC5800963 | 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 |
In 2024, Latvia saw a notable increase in botanical extracts import shipments, with Poland, Lithuania, China, Metropolitan France, and Sweden emerging as the top exporting countries. The low concentration level, as indicated by the HHI, suggests a diverse range of sources for these extracts. With a strong compound annual growth rate (CAGR) of 11.26% from 2020 to 2024, and a robust growth rate of 11.64% from 2023 to 2024, the market for botanical extracts in Latvia is showing promising expansion and potential for further development.

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 Botanical Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Botanical Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Botanical Extracts Market - Industry Life Cycle |
3.4 Latvia Botanical Extracts Market - Porter's Five Forces |
3.5 Latvia Botanical Extracts Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Latvia Botanical Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Botanical Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of botanical extracts in healthcare and cosmetics. |
4.2.2 Growing demand for natural and organic products in the Latvian market. |
4.2.3 Favorable government regulations supporting the use of botanical extracts in various industries. |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for botanical extracts production. |
4.3.2 High production costs associated with extracting and processing botanical ingredients. |
4.3.3 Intense competition from synthetic alternatives in the market. |
5 Latvia Botanical Extracts Market Trends |
6 Latvia Botanical Extracts Market Segmentations |
6.1 Latvia Botanical Extracts Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Latvia Botanical Extracts Market Revenues & Volume, By Spices, 2021-2031F |
6.1.3 Latvia Botanical Extracts Market Revenues & Volume, By Herbs, 2021-2031F |
6.1.4 Latvia Botanical Extracts Market Revenues & Volume, By Flowers, 2021-2031F |
6.1.5 Latvia Botanical Extracts Market Revenues & Volume, By Tea leaves, 2021-2031F |
6.2 Latvia Botanical Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Botanical Extracts Market Revenues & Volume, By Food Bakery & Confectionery , 2021-2031F |
6.2.3 Latvia Botanical Extracts Market Revenues & Volume, By Sauces & Dressings, 2021-2031F |
6.2.4 Latvia Botanical Extracts Market Revenues & Volume, By Beverages Alcoholic Beverages, 2021-2031F |
6.2.5 Latvia Botanical Extracts Market Revenues & Volume, By Carbonated Soft Drinks, 2021-2031F |
6.2.6 Latvia Botanical Extracts Market Revenues & Volume, By Ice Tea, 2021-2031F |
7 Latvia Botanical Extracts Market Import-Export Trade Statistics |
7.1 Latvia Botanical Extracts Market Export to Major Countries |
7.2 Latvia Botanical Extracts Market Imports from Major Countries |
8 Latvia Botanical Extracts Market Key Performance Indicators |
8.1 Number of new product launches incorporating botanical extracts. |
8.2 Consumer perception surveys on the effectiveness and quality of botanical extract products. |
8.3 Research and development investments in exploring new botanical extracts and applications. |
9 Latvia Botanical Extracts Market - Opportunity Assessment |
9.1 Latvia Botanical Extracts Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Latvia Botanical Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Botanical Extracts Market - Competitive Landscape |
10.1 Latvia Botanical Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Botanical Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |