Latvia Botanical Ingredients Market (2025-2031) | Outlook, Forecast, Revenue, Share, Growth, Companies, Trends, Segmentation, Analysis, Value, Industry & Size

Market Forecast By Form (Powder, Liquid), By Source (Herbs, Leaves, Spices, Flowers, Others), By Application (Food & Beverages, Dietary Supplements, Personal Care & Cosmetics, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC5250229 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 Botanical Ingredients Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The import of botanical ingredients in Latvia saw a significant shift in market concentration from high to moderate in 2024, with top exporting countries being Ukraine, Russia, Poland, Egypt, and Albania. Despite a negative Compound Annual Growth Rate (CAGR) of -7.86% from 2020 to 2024 and a decline in growth rate of -16.71% from 2023 to 2024, the market remains dynamic. This changing landscape presents both challenges and opportunities for market players to adapt to evolving trends and sourcing strategies in the botanical ingredients sector.

Latvia Botanical Ingredients Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Botanical Ingredients Market: Latvia vs Top 5 Major Economies in 2027 (Europe)


The Botanical Ingredients market in Latvia is projected to grow at a stable growth rate of 4.12% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

Botanical Ingredients Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

  • Latvia Botanical Ingredients Market Outlook
  • Market Size of Latvia Botanical Ingredients Market, 2024
  • Forecast of Latvia Botanical Ingredients Market, 2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Revenues & Volume for the Period 2021-2031
  • Latvia Botanical Ingredients Market Trend Evolution
  • Latvia Botanical Ingredients Market Drivers and Challenges
  • Latvia Botanical Ingredients Price Trends
  • Latvia Botanical Ingredients Porter`s Five Forces
  • Latvia Botanical Ingredients Industry Life Cycle
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Form for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Powder for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Liquid for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Source for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Herbs for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Leaves for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Spices for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Flowers for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Food & Beverages for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Dietary Supplements for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Personal Care & Cosmetics for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Latvia Botanical Ingredients Market Revenues & Volume By Others for the Period 2021-2031
  • Latvia Botanical Ingredients Import Export Trade Statistics
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By Application
  • Latvia Botanical Ingredients Top Companies Market Share
  • Latvia Botanical Ingredients Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Botanical Ingredients Company Profiles
  • Latvia Botanical Ingredients Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Botanical Ingredients 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 Botanical Ingredients 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 Botanical Ingredients Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Botanical Ingredients Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Botanical Ingredients Market - Industry Life Cycle

3.4 Latvia Botanical Ingredients Market - Porter's Five Forces

3.5 Latvia Botanical Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F

3.6 Latvia Botanical Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F

3.7 Latvia Botanical Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Botanical Ingredients Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness towards natural and organic products

4.2.2 Growing demand for plant-based ingredients in the food and beverage industry

4.2.3 Rise in popularity of herbal supplements and natural skincare products

4.3 Market Restraints

4.3.1 Seasonal variations in the availability of botanical ingredients

4.3.2 Fluctuations in raw material prices

4.3.3 Regulatory challenges related to the sourcing and processing of botanical ingredients

5 Latvia Botanical Ingredients Market Trends

6 Latvia Botanical Ingredients Market Segmentations

6.1 Latvia Botanical Ingredients Market, By Form

6.1.1 Overview and Analysis

6.1.2 Latvia Botanical Ingredients Market Revenues & Volume, By Powder, 2021-2031F

6.1.3 Latvia Botanical Ingredients Market Revenues & Volume, By Liquid, 2021-2031F

6.2 Latvia Botanical Ingredients Market, By Source

6.2.1 Overview and Analysis

6.2.2 Latvia Botanical Ingredients Market Revenues & Volume, By Herbs, 2021-2031F

6.2.3 Latvia Botanical Ingredients Market Revenues & Volume, By Leaves, 2021-2031F

6.2.4 Latvia Botanical Ingredients Market Revenues & Volume, By Spices, 2021-2031F

6.2.5 Latvia Botanical Ingredients Market Revenues & Volume, By Flowers, 2021-2031F

6.2.6 Latvia Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F

6.3 Latvia Botanical Ingredients Market, By Application

6.3.1 Overview and Analysis

6.3.2 Latvia Botanical Ingredients Market Revenues & Volume, By Food & Beverages, 2021-2031F

6.3.3 Latvia Botanical Ingredients Market Revenues & Volume, By Dietary Supplements, 2021-2031F

6.3.4 Latvia Botanical Ingredients Market Revenues & Volume, By Personal Care & Cosmetics, 2021-2031F

6.3.5 Latvia Botanical Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F

6.3.6 Latvia Botanical Ingredients Market Revenues & Volume, By Others, 2021-2031F

7 Latvia Botanical Ingredients Market Import-Export Trade Statistics

7.1 Latvia Botanical Ingredients Market Export to Major Countries

7.2 Latvia Botanical Ingredients Market Imports from Major Countries

8 Latvia Botanical Ingredients Market Key Performance Indicators

8.1 Sustainability metrics related to sourcing practices

8.2 Consumer perception and awareness surveys on botanical ingredients

8.3 Research and development investments in innovative botanical products

8.4 Number of partnerships with local farmers for sourcing botanical ingredients

8.5 Percentage of market growth attributed to new product launches in the botanical ingredients segment

9 Latvia Botanical Ingredients Market - Opportunity Assessment

9.1 Latvia Botanical Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F

9.2 Latvia Botanical Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F

9.3 Latvia Botanical Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Botanical Ingredients Market - Competitive Landscape

10.1 Latvia Botanical Ingredients Market Revenue Share, By Companies, 2024

10.2 Latvia Botanical Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All