| Product Code: ETC4984362 | 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 |
The import shipments of chrysanthemum extract to Latvia saw significant growth in 2024, with top exporting countries including Poland, Lithuania, China, Sweden, and Metropolitan France. The market concentration, as measured by the HHI, shifted from low to moderate concentration, indicating a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was a robust 11.19%, with a notable growth rate of 12.19% from 2023 to 2024. This data suggests a growing demand for chrysanthemum extract in Latvia and a dynamic market environment for importers and suppliers to capitalize on.

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 Chrysanthemum Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Chrysanthemum Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Chrysanthemum Extract Market - Industry Life Cycle |
3.4 Latvia Chrysanthemum Extract Market - Porter's Five Forces |
3.5 Latvia Chrysanthemum Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Chrysanthemum Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.7 Latvia Chrysanthemum Extract Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Latvia Chrysanthemum Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of chrysanthemum extract |
4.2.2 Growing demand for natural and plant-based ingredients in the cosmetics and skincare industry |
4.2.3 Rising trend of incorporating herbal supplements in daily lifestyle practices |
4.3 Market Restraints |
4.3.1 Seasonal availability and weather conditions affecting chrysanthemum cultivation |
4.3.2 Strict regulations and compliance requirements for herbal products in the market |
5 Latvia Chrysanthemum Extract Market Trends |
6 Latvia Chrysanthemum Extract Market Segmentations |
6.1 Latvia Chrysanthemum Extract Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Chrysanthemum Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.1.3 Latvia Chrysanthemum Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.4 Latvia Chrysanthemum Extract Market Revenues & Volume, By Oil, 2021-2031F |
6.2 Latvia Chrysanthemum Extract Market, By Nature |
6.2.1 Overview and Analysis |
6.2.2 Latvia Chrysanthemum Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 Latvia Chrysanthemum Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Latvia Chrysanthemum Extract Market, By End Users |
6.3.1 Overview and Analysis |
6.3.2 Latvia Chrysanthemum Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Latvia Chrysanthemum Extract Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.4 Latvia Chrysanthemum Extract Market Revenues & Volume, By Personal Care, 2021-2031F |
6.3.5 Latvia Chrysanthemum Extract Market Revenues & Volume, By Dietary Supplements & Sports Nutrition, 2021-2031F |
6.3.6 Latvia Chrysanthemum Extract Market Revenues & Volume, By Functional Foods, 2021-2031F |
6.3.7 Latvia Chrysanthemum Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Latvia Chrysanthemum Extract Market Import-Export Trade Statistics |
7.1 Latvia Chrysanthemum Extract Market Export to Major Countries |
7.2 Latvia Chrysanthemum Extract Market Imports from Major Countries |
8 Latvia Chrysanthemum Extract Market Key Performance Indicators |
8.1 Number of new product launches containing chrysanthemum extract |
8.2 Consumer sentiment and awareness regarding the benefits of chrysanthemum extract |
8.3 Research and development investments in chrysanthemum extract technology and applications |
9 Latvia Chrysanthemum Extract Market - Opportunity Assessment |
9.1 Latvia Chrysanthemum Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Chrysanthemum Extract Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.3 Latvia Chrysanthemum Extract Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Latvia Chrysanthemum Extract Market - Competitive Landscape |
10.1 Latvia Chrysanthemum Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Chrysanthemum Extract 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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