| Product Code: ETC7908965 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant increase in cyclodextrins import shipments, with top exporters being Belgium, Sweden, Netherlands, Germany, and Lithuania. Despite moderate concentration based on the Herfindahl-Hirschman Index (HHI), the industry experienced a strong compound annual growth rate (CAGR) of 15.11% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -30.88%, indicating a potential shift in market dynamics. This data suggests a dynamic and evolving landscape for cyclodextrins imports in Latvia.

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 Cyclodextrins Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Cyclodextrins Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Cyclodextrins Market - Industry Life Cycle |
3.4 Latvia Cyclodextrins Market - Porter's Five Forces |
3.5 Latvia Cyclodextrins Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Cyclodextrins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Cyclodextrins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and eco-friendly ingredients in various industries |
4.2.2 Growing awareness about the benefits of cyclodextrins in pharmaceutical and food sectors |
4.2.3 Rising research and development activities for innovative applications of cyclodextrins |
4.3 Market Restraints |
4.3.1 High production costs associated with cyclodextrins |
4.3.2 Limited availability of raw materials for cyclodextrin production |
4.3.3 Stringent regulatory requirements for the use of cyclodextrins in certain applications |
5 Latvia Cyclodextrins Market Trends |
6 Latvia Cyclodextrins Market, By Types |
6.1 Latvia Cyclodextrins Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Cyclodextrins Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Cyclodextrins Market Revenues & Volume, By Alpha- Cyclodextrin, 2021- 2031F |
6.1.4 Latvia Cyclodextrins Market Revenues & Volume, By Beta- Cyclodextrin and Gamma-Cyclodextrin, 2021- 2031F |
6.1.5 Latvia Cyclodextrins Market Revenues & Volume, By Cyclodextrin Derivatives, 2021- 2031F |
6.2 Latvia Cyclodextrins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Cyclodextrins Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.3 Latvia Cyclodextrins Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.2.4 Latvia Cyclodextrins Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.2.5 Latvia Cyclodextrins Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.2.6 Latvia Cyclodextrins Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Cyclodextrins Market Import-Export Trade Statistics |
7.1 Latvia Cyclodextrins Market Export to Major Countries |
7.2 Latvia Cyclodextrins Market Imports from Major Countries |
8 Latvia Cyclodextrins Market Key Performance Indicators |
8.1 Research and development investment in cyclodextrin technology |
8.2 Number of patents filed for cyclodextrin-based products |
8.3 Adoption rate of cyclodextrins in new industries |
8.4 Number of collaborations and partnerships for cyclodextrin research and development |
8.5 Percentage increase in applications utilizing cyclodextrins |
9 Latvia Cyclodextrins Market - Opportunity Assessment |
9.1 Latvia Cyclodextrins Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Cyclodextrins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Cyclodextrins Market - Competitive Landscape |
10.1 Latvia Cyclodextrins Market Revenue Share, By Companies, 2024 |
10.2 Latvia Cyclodextrins 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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