| Product Code: ETC11764981 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Latvia saw a decrease in corn syrup import shipments with a negative growth rate of -29.87% compared to the previous year. Despite this decline, the market remained concentrated with a high HHI indicating strong dominance by top exporting countries such as Poland, Lithuania, Hungary, Germany, and Metropolitan France. The impressive compound annual growth rate (CAGR) of 16.49% from 2020 to 2024 suggests a previously expanding market, but the recent drop in growth highlights potential challenges in the industry that may require further investigation.

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 Corn Syrup Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Corn Syrup Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Corn Syrup Market - Industry Life Cycle |
3.4 Latvia Corn Syrup Market - Porter's Five Forces |
3.5 Latvia Corn Syrup Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Corn Syrup Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Corn Syrup Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
3.8 Latvia Corn Syrup Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Latvia Corn Syrup Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Corn Syrup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about health benefits of natural sweeteners |
4.2.2 Growing demand for clean label and organic products |
4.2.3 Rising usage of corn syrup in food and beverage industry |
4.3 Market Restraints |
4.3.1 Fluctuating prices of corn and sugar impacting production costs |
4.3.2 Regulatory challenges related to labeling and health claims for sweeteners |
5 Latvia Corn Syrup Market Trends |
6 Latvia Corn Syrup Market, By Types |
6.1 Latvia Corn Syrup Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Corn Syrup Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Corn Syrup Market Revenues & Volume, By High Fructose Corn Syrup, 2021 - 2031F |
6.1.4 Latvia Corn Syrup Market Revenues & Volume, By Glucose Syrup, 2021 - 2031F |
6.1.5 Latvia Corn Syrup Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Corn Syrup Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Corn Syrup Market Revenues & Volume, By Sweeteners, 2021 - 2031F |
6.2.3 Latvia Corn Syrup Market Revenues & Volume, By Beverage Industry, 2021 - 2031F |
6.2.4 Latvia Corn Syrup Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Corn Syrup Market, By Processing Method |
6.3.1 Overview and Analysis |
6.3.2 Latvia Corn Syrup Market Revenues & Volume, By Enzymatic Hydrolysis, 2021 - 2031F |
6.3.3 Latvia Corn Syrup Market Revenues & Volume, By Wet Milling, 2021 - 2031F |
6.3.4 Latvia Corn Syrup Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Corn Syrup Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Corn Syrup Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.4.3 Latvia Corn Syrup Market Revenues & Volume, By Beverage Manufacturers, 2021 - 2031F |
6.4.4 Latvia Corn Syrup Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 Latvia Corn Syrup Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Corn Syrup Market Revenues & Volume, By Retail, 2021 - 2031F |
6.5.3 Latvia Corn Syrup Market Revenues & Volume, By Direct Sales, 2021 - 2031F |
6.5.4 Latvia Corn Syrup Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Corn Syrup Market Import-Export Trade Statistics |
7.1 Latvia Corn Syrup Market Export to Major Countries |
7.2 Latvia Corn Syrup Market Imports from Major Countries |
8 Latvia Corn Syrup Market Key Performance Indicators |
8.1 Consumer demand for organic corn syrup products |
8.2 Adoption rate of corn syrup in new product launches in the food industry |
8.3 Growth in the number of health-conscious consumers opting for corn syrup alternatives |
9 Latvia Corn Syrup Market - Opportunity Assessment |
9.1 Latvia Corn Syrup Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Corn Syrup Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Corn Syrup Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
9.4 Latvia Corn Syrup Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Latvia Corn Syrup Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Corn Syrup Market - Competitive Landscape |
10.1 Latvia Corn Syrup Market Revenue Share, By Companies, 2024 |
10.2 Latvia Corn Syrup 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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