| Product Code: ETC5801362 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to rely heavily on imports of fermented ingredients, with Lithuania, Estonia, Italy, Sweden, and Finland being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to pricing power for suppliers. The negative Compound Annual Growth Rate (CAGR) from 2020-24 suggests a decline in demand, while the sharp decrease in growth rate from 2023-24 indicates a recent slowdown. Market players should closely monitor these trends and adjust strategies accordingly to navigate the challenging market conditions in Latvia`s fermented ingredients sector.

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 Fermented Ingredients Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fermented Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fermented Ingredients Market - Industry Life Cycle |
3.4 Latvia Fermented Ingredients Market - Porter's Five Forces |
3.5 Latvia Fermented Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Fermented Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Fermented Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Latvia Fermented Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness towards health and wellness benefits of fermented ingredients |
4.2.2 Increasing demand for natural and clean label food products |
4.2.3 Rise in popularity of fermented foods in Latvia |
4.3 Market Restraints |
4.3.1 Limited availability of raw materials for fermentation |
4.3.2 Stringent regulations related to food safety and quality standards |
4.3.3 High production costs associated with fermentation processes |
5 Latvia Fermented Ingredients Market Trends |
6 Latvia Fermented Ingredients Market Segmentations |
6.1 Latvia Fermented Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fermented Ingredients Market Revenues & Volume, By Amino Acids, 2021-2031F |
6.1.3 Latvia Fermented Ingredients Market Revenues & Volume, By Organic Acids, 2021-2031F |
6.1.4 Latvia Fermented Ingredients Market Revenues & Volume, By Biogas, 2021-2031F |
6.1.5 Latvia Fermented Ingredients Market Revenues & Volume, By Polymers, 2021-2031F |
6.1.6 Latvia Fermented Ingredients Market Revenues & Volume, By Vitamins, 2021-2031F |
6.1.7 Latvia Fermented Ingredients Market Revenues & Volume, By Industrial Enzymes, 2021-2031F |
6.2 Latvia Fermented Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fermented Ingredients Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.3 Latvia Fermented Ingredients Market Revenues & Volume, By Feed, 2021-2031F |
6.2.4 Latvia Fermented Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Latvia Fermented Ingredients Market Revenues & Volume, By Paper, 2021-2031F |
6.3 Latvia Fermented Ingredients Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Fermented Ingredients Market Revenues & Volume, By Dry, 2021-2031F |
6.3.3 Latvia Fermented Ingredients Market Revenues & Volume, By Liquid, 2021-2031F |
7 Latvia Fermented Ingredients Market Import-Export Trade Statistics |
7.1 Latvia Fermented Ingredients Market Export to Major Countries |
7.2 Latvia Fermented Ingredients Market Imports from Major Countries |
8 Latvia Fermented Ingredients Market Key Performance Indicators |
8.1 Percentage increase in the number of new product launches containing fermented ingredients |
8.2 Growth in the number of fermentation technology patents filed in Latvia |
8.3 Expansion of distribution channels for fermented ingredient products |
9 Latvia Fermented Ingredients Market - Opportunity Assessment |
9.1 Latvia Fermented Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Fermented Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Fermented Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Latvia Fermented Ingredients Market - Competitive Landscape |
10.1 Latvia Fermented Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fermented Ingredients 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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