| Product Code: ETC7907034 | 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 |
Despite a decline in growth rate from 2023 to 2024, Latvia continues to import hemp-derived cannabidiol from various countries, with Ukraine, Russia, Poland, Egypt, and Albania being the top exporters in 2024. The shift from high to moderate concentration of the Herfindahl-Hirschman Index (HHI) suggests a more balanced market landscape. With a negative compound annual growth rate (CAGR) from 2020 to 2024, it is crucial for stakeholders to monitor market trends and adapt strategies to navigate the competitive environment effectively.

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 Caribbean Hemp-Derived Cannabidiol Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Caribbean Hemp-Derived Cannabidiol Market - Industry Life Cycle |
3.4 Latvia Caribbean Hemp-Derived Cannabidiol Market - Porter's Five Forces |
3.5 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Latvia Caribbean Hemp-Derived Cannabidiol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and acceptance of hemp-derived cannabidiol (CBD) products for health and wellness purposes |
4.2.2 Growing demand for natural and plant-based alternatives to traditional medications and supplements |
4.2.3 Favorable regulations and policies supporting the cultivation and distribution of hemp-derived CBD products in Latvia and the Caribbean region |
4.3 Market Restraints |
4.3.1 Lack of clear regulatory framework and inconsistencies in regulations across different countries within the Caribbean region |
4.3.2 Limited consumer awareness and education on the benefits and uses of hemp-derived CBD products |
4.3.3 Potential stigma associated with CBD products due to misconceptions about cannabis and its derivatives |
5 Latvia Caribbean Hemp-Derived Cannabidiol Market Trends |
6 Latvia Caribbean Hemp-Derived Cannabidiol Market, By Types |
6.1 Latvia Caribbean Hemp-Derived Cannabidiol Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Isolates or Pure CBD Extract, 2021- 2031F |
6.1.4 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Broad Spectrum or Distillates, 2021- 2031F |
6.1.5 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Full Spectrum or Terpenes, 2021- 2031F |
6.1.6 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Caribbean Hemp-Derived Cannabidiol Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Personal Care and Cosmetics, 2021- 2031F |
6.2.3 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.4 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Nutraceuticals, 2021- 2031F |
6.2.5 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Caribbean Hemp-Derived Cannabidiol Market Import-Export Trade Statistics |
7.1 Latvia Caribbean Hemp-Derived Cannabidiol Market Export to Major Countries |
7.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Imports from Major Countries |
8 Latvia Caribbean Hemp-Derived Cannabidiol Market Key Performance Indicators |
8.1 Percentage of healthcare professionals recommending or endorsing hemp-derived CBD products |
8.2 Number of clinical studies and research publications supporting the efficacy and safety of hemp-derived CBD |
8.3 Consumer satisfaction and repeat purchase rate for hemp-derived CBD products |
9 Latvia Caribbean Hemp-Derived Cannabidiol Market - Opportunity Assessment |
9.1 Latvia Caribbean Hemp-Derived Cannabidiol Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Latvia Caribbean Hemp-Derived Cannabidiol Market - Competitive Landscape |
10.1 Latvia Caribbean Hemp-Derived Cannabidiol Market Revenue Share, By Companies, 2024 |
10.2 Latvia Caribbean Hemp-Derived Cannabidiol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |