| Product Code: ETC11732725 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The import shipments of digestive bitters to Latvia in 2024 saw significant contributions from top exporting countries such as Netherlands, Lithuania, Germany, Poland, and Estonia. Despite this diverse range of sources, the market remained moderately concentrated with a low Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) for the period 2020-24 was positive at 7.09%, indicating a steady expansion of the market. However, there was a slight decline in growth rate from 2023 to 2024, with a rate of -1.54%, suggesting a potential slowdown in the industry during that period.

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 Digestive Bitters Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Digestive Bitters Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Digestive Bitters Market - Industry Life Cycle |
3.4 Latvia Digestive Bitters Market - Porter's Five Forces |
3.5 Latvia Digestive Bitters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Digestive Bitters Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.7 Latvia Digestive Bitters Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Latvia Digestive Bitters Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
4 Latvia Digestive Bitters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Digestive Bitters Market Trends |
6 Latvia Digestive Bitters Market, By Types |
6.1 Latvia Digestive Bitters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Digestive Bitters Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Digestive Bitters Market Revenues & Volume, By Aromatic Bitter, 2021 - 2031F |
6.1.4 Latvia Digestive Bitters Market Revenues & Volume, By Nutritive bitter, 2021 - 2031F |
6.1.5 Latvia Digestive Bitters Market Revenues & Volume, By True Bitter, 2021 - 2031F |
6.2 Latvia Digestive Bitters Market, By Packaging Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Digestive Bitters Market Revenues & Volume, By Plastic Bottle, 2021 - 2031F |
6.2.3 Latvia Digestive Bitters Market Revenues & Volume, By Tetra Pack, 2021 - 2031F |
6.2.4 Latvia Digestive Bitters Market Revenues & Volume, By Cans, 2021 - 2031F |
6.2.5 Latvia Digestive Bitters Market Revenues & Volume, By Glass bottle, 2021 - 2031F |
6.3 Latvia Digestive Bitters Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Digestive Bitters Market Revenues & Volume, By Supermarket, 2021 - 2031F |
6.3.3 Latvia Digestive Bitters Market Revenues & Volume, By Convenience Store, 2021 - 2031F |
6.3.4 Latvia Digestive Bitters Market Revenues & Volume, By Over-the-Counter, 2021 - 2031F |
6.3.5 Latvia Digestive Bitters Market Revenues & Volume, By Online Store, 2021 - 2031F |
6.4 Latvia Digestive Bitters Market, By Product Form |
6.4.1 Overview and Analysis |
6.4.2 Latvia Digestive Bitters Market Revenues & Volume, By Organic, 2021 - 2031F |
6.4.3 Latvia Digestive Bitters Market Revenues & Volume, By Conventional, 2021 - 2031F |
6.4.4 Latvia Digestive Bitters Market Revenues & Volume, By Non-GMO, 2021 - 2031F |
6.4.5 Latvia Digestive Bitters Market Revenues & Volume, By Gluten-Free, 2021 - 2031F |
7 Latvia Digestive Bitters Market Import-Export Trade Statistics |
7.1 Latvia Digestive Bitters Market Export to Major Countries |
7.2 Latvia Digestive Bitters Market Imports from Major Countries |
8 Latvia Digestive Bitters Market Key Performance Indicators |
9 Latvia Digestive Bitters Market - Opportunity Assessment |
9.1 Latvia Digestive Bitters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Digestive Bitters Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.3 Latvia Digestive Bitters Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Latvia Digestive Bitters Market Opportunity Assessment, By Product Form, 2021 & 2031F |
10 Latvia Digestive Bitters Market - Competitive Landscape |
10.1 Latvia Digestive Bitters Market Revenue Share, By Companies, 2024 |
10.2 Latvia Digestive Bitters 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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