| Product Code: ETC11466805 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s cake concentrate import market continues to show strong growth, with a notable CAGR of 22.28% from 2020 to 2024. In 2024, top exporting countries include Germany, Poland, Lithuania, Denmark, and Estonia. Despite this, market concentration, as measured by the HHI, remained low. The modest growth rate of 3.44% from 2023 to 2024 suggests a steady increase in demand for cake concentrates in Latvia, presenting opportunities for both domestic and international suppliers to capitalize on this expanding market.

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 Cake Concentrate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cake Concentrate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cake Concentrate Market - Industry Life Cycle |
3.4 Latvia Cake Concentrate Market - Porter's Five Forces |
3.5 Latvia Cake Concentrate Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Cake Concentrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Cake Concentrate Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Cake Concentrate Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
4 Latvia Cake Concentrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for convenient baking solutions |
4.2.2 Growing popularity of home baking and DIY projects |
4.2.3 Expansion of bakery and confectionery industry in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Regulatory challenges related to food safety standards |
4.3.3 Competition from ready-to-eat dessert products |
5 Latvia Cake Concentrate Market Trends |
6 Latvia Cake Concentrate Market, By Types |
6.1 Latvia Cake Concentrate Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cake Concentrate Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Cake Concentrate Market Revenues & Volume, By Sponge Concentrate, 2021 - 2031F |
6.1.4 Latvia Cake Concentrate Market Revenues & Volume, By Egg-Free Concentrate, 2021 - 2031F |
6.1.5 Latvia Cake Concentrate Market Revenues & Volume, By Gluten-Free Concentrate, 2021 - 2031F |
6.2 Latvia Cake Concentrate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cake Concentrate Market Revenues & Volume, By Cake Baking, 2021 - 2031F |
6.2.3 Latvia Cake Concentrate Market Revenues & Volume, By Pastry Making, 2021 - 2031F |
6.2.4 Latvia Cake Concentrate Market Revenues & Volume, By Dessert Preparation, 2021 - 2031F |
6.3 Latvia Cake Concentrate Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cake Concentrate Market Revenues & Volume, By Bakeries, 2021 - 2031F |
6.3.3 Latvia Cake Concentrate Market Revenues & Volume, By Hotels, 2021 - 2031F |
6.3.4 Latvia Cake Concentrate Market Revenues & Volume, By Home Bakers, 2021 - 2031F |
6.4 Latvia Cake Concentrate Market, By Flavor |
6.4.1 Overview and Analysis |
6.4.2 Latvia Cake Concentrate Market Revenues & Volume, By Vanilla, 2021 - 2031F |
6.4.3 Latvia Cake Concentrate Market Revenues & Volume, By Chocolate, 2021 - 2031F |
6.4.4 Latvia Cake Concentrate Market Revenues & Volume, By Strawberry, 2021 - 2031F |
7 Latvia Cake Concentrate Market Import-Export Trade Statistics |
7.1 Latvia Cake Concentrate Market Export to Major Countries |
7.2 Latvia Cake Concentrate Market Imports from Major Countries |
8 Latvia Cake Concentrate Market Key Performance Indicators |
8.1 Number of new product launches in the cake concentrate market |
8.2 Consumer engagement on social media platforms for cake concentrate brands |
8.3 Percentage of market penetration in the baking industry in Latvia |
9 Latvia Cake Concentrate Market - Opportunity Assessment |
9.1 Latvia Cake Concentrate Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Cake Concentrate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Cake Concentrate Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Cake Concentrate Market Opportunity Assessment, By Flavor, 2021 & 2031F |
10 Latvia Cake Concentrate Market - Competitive Landscape |
10.1 Latvia Cake Concentrate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cake Concentrate 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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