| Product Code: ETC5818519 | 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 |
The fragrance ingredients import market in Latvia continues to show promising growth, with key suppliers such as Netherlands, Metropolitan France, Lithuania, Germany, and the UK leading the way in 2024. Despite a high concentration level in 2023, the market has slightly improved in terms of competition in 2024. The impressive compound annual growth rate (CAGR) of 23.39% from 2020 to 2024 indicates a strong upward trend, with a notable growth rate of 69.84% from 2023 to 2024. This suggests a thriving market with increasing demand for fragrance ingredients 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 Fragrance Ingredients Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Fragrance Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Fragrance Ingredients Market - Industry Life Cycle |
3.4 Latvia Fragrance Ingredients Market - Porter's Five Forces |
3.5 Latvia Fragrance Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Fragrance Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Fragrance Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer spending on personal care products in Latvia |
4.2.2 Growing demand for natural and organic fragrance ingredients |
4.2.3 Rise in the popularity of niche and artisanal fragrances in the market |
4.3 Market Restraints |
4.3.1 Stringent regulations on the use of certain synthetic fragrance ingredients |
4.3.2 Fluctuating prices of raw materials impacting production costs |
4.3.3 Competition from established international fragrance ingredient suppliers |
5 Latvia Fragrance Ingredients Market Trends |
6 Latvia Fragrance Ingredients Market Segmentations |
6.1 Latvia Fragrance Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Fragrance Ingredients Market Revenues & Volume, By Essential Oils , 2021-2031F |
6.1.3 Latvia Fragrance Ingredients Market Revenues & Volume, By Aroma Chemicals, 2021-2031F |
6.2 Latvia Fragrance Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Fragrance Ingredients Market Revenues & Volume, By Cosmetics & toiletries, 2021-2031F |
6.2.3 Latvia Fragrance Ingredients Market Revenues & Volume, By Fine fragrances, 2021-2031F |
6.2.4 Latvia Fragrance Ingredients Market Revenues & Volume, By Soaps & detergents, 2021-2031F |
6.2.5 Latvia Fragrance Ingredients Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Fragrance Ingredients Market Import-Export Trade Statistics |
7.1 Latvia Fragrance Ingredients Market Export to Major Countries |
7.2 Latvia Fragrance Ingredients Market Imports from Major Countries |
8 Latvia Fragrance Ingredients Market Key Performance Indicators |
8.1 Percentage of market share held by natural and organic fragrance ingredients |
8.2 Number of new product launches featuring unique fragrance blends |
8.3 Consumer sentiment towards locally sourced fragrance ingredients |
9 Latvia Fragrance Ingredients Market - Opportunity Assessment |
9.1 Latvia Fragrance Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Fragrance Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Fragrance Ingredients Market - Competitive Landscape |
10.1 Latvia Fragrance Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Latvia Fragrance Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |