| Product Code: ETC11693365 | 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 |
In 2024, Latvia saw a significant increase in cyclodextrin import shipments, with top exporting countries including Belgium, Sweden, Netherlands, Germany, and Lithuania. Despite moderate concentration indicated by the Herfindahl-Hirschman Index (HHI), the compound annual growth rate (CAGR) from 2020 to 2024 was a notable 15.11%. However, there was a slight decline in growth rate from 2023 to 2024, showing a decrease of -30.88%. This data suggests a dynamic market for cyclodextrin imports in Latvia, with opportunities for further analysis and strategic planning in the coming years.

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 Cyclodextrin Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cyclodextrin Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cyclodextrin Market - Industry Life Cycle |
3.4 Latvia Cyclodextrin Market - Porter's Five Forces |
3.5 Latvia Cyclodextrin Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Cyclodextrin Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Latvia Cyclodextrin Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Cyclodextrin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cyclodextrin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Cyclodextrin Market Trends |
6 Latvia Cyclodextrin Market, By Types |
6.1 Latvia Cyclodextrin Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cyclodextrin Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Cyclodextrin Market Revenues & Volume, By Alpha-Cyclodextrin, 2021 - 2031F |
6.1.4 Latvia Cyclodextrin Market Revenues & Volume, By Beta-Cyclodextrin, 2021 - 2031F |
6.1.5 Latvia Cyclodextrin Market Revenues & Volume, By Gamma-Cyclodextrin, 2021 - 2031F |
6.1.6 Latvia Cyclodextrin Market Revenues & Volume, By Modified Cyclodextrins, 2021 - 2031F |
6.2 Latvia Cyclodextrin Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cyclodextrin Market Revenues & Volume, By Encapsulation Tech, 2021 - 2031F |
6.2.3 Latvia Cyclodextrin Market Revenues & Volume, By Food Stabilization, 2021 - 2031F |
6.2.4 Latvia Cyclodextrin Market Revenues & Volume, By Solubility Enhancement, 2021 - 2031F |
6.2.5 Latvia Cyclodextrin Market Revenues & Volume, By Nanotechnology, 2021 - 2031F |
6.3 Latvia Cyclodextrin Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Cyclodextrin Market Revenues & Volume, By Pharmaceutical Companies, 2021 - 2031F |
6.3.3 Latvia Cyclodextrin Market Revenues & Volume, By Food and Beverage Industry, 2021 - 2031F |
6.3.4 Latvia Cyclodextrin Market Revenues & Volume, By Cosmetic Industry, 2021 - 2031F |
6.3.5 Latvia Cyclodextrin Market Revenues & Volume, By Biomedical Research, 2021 - 2031F |
6.4 Latvia Cyclodextrin Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Cyclodextrin Market Revenues & Volume, By Drug Delivery and Bioavailability, 2021 - 2031F |
6.4.3 Latvia Cyclodextrin Market Revenues & Volume, By Flavor Protection and Stability, 2021 - 2031F |
6.4.4 Latvia Cyclodextrin Market Revenues & Volume, By Skincare and Fragrance Formulations, 2021 - 2031F |
6.4.5 Latvia Cyclodextrin Market Revenues & Volume, By Targeted Drug Release, 2021 - 2031F |
7 Latvia Cyclodextrin Market Import-Export Trade Statistics |
7.1 Latvia Cyclodextrin Market Export to Major Countries |
7.2 Latvia Cyclodextrin Market Imports from Major Countries |
8 Latvia Cyclodextrin Market Key Performance Indicators |
9 Latvia Cyclodextrin Market - Opportunity Assessment |
9.1 Latvia Cyclodextrin Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Cyclodextrin Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Latvia Cyclodextrin Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Cyclodextrin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cyclodextrin Market - Competitive Landscape |
10.1 Latvia Cyclodextrin Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cyclodextrin 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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