| Product Code: ETC5797239 | 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 |
Latvia`s functional food ingredients import market in 2024 saw significant growth, with key suppliers being Lithuania, Poland, Netherlands, Ukraine, and Germany. The market remained competitive with low concentration levels indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a healthy 6.24%, showcasing a positive trend in the industry. Furthermore, the impressive growth rate of 12.4% from 2023 to 2024 indicates a thriving market for functional food 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 Functional Food Ingredients Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Functional Food Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Functional Food Ingredients Market - Industry Life Cycle |
3.4 Latvia Functional Food Ingredients Market - Porter's Five Forces |
3.5 Latvia Functional Food Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Functional Food Ingredients Market Revenues & Volume Share, By Health Benefits, 2021 & 2031F |
4 Latvia Functional Food Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and wellness benefits of functional food ingredients |
4.2.2 Growing demand for natural and organic ingredients in functional foods |
4.2.3 Rising prevalence of lifestyle diseases driving the need for functional food solutions |
4.3 Market Restraints |
4.3.1 Stringent regulations and approval processes for functional food ingredients |
4.3.2 High costs associated with research and development of new functional food ingredients |
4.3.3 Limited consumer awareness and acceptance of functional food products in Latvia |
5 Latvia Functional Food Ingredients Market Trends |
6 Latvia Functional Food Ingredients Market Segmentations |
6.1 Latvia Functional Food Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Functional Food Ingredients Market Revenues & Volume, By Probiotics, 2021-2031F |
6.1.3 Latvia Functional Food Ingredients Market Revenues & Volume, By Prebiotics, 2021-2031F |
6.1.4 Latvia Functional Food Ingredients Market Revenues & Volume, By Proteins & Amino Acids, 2021-2031F |
6.1.5 Latvia Functional Food Ingredients Market Revenues & Volume, By Phytochemicals & Plant Extracts, 2021-2031F |
6.1.6 Latvia Functional Food Ingredients Market Revenues & Volume, By Omega-3 Fatty Acids, 2021-2031F |
6.1.7 Latvia Functional Food Ingredients Market Revenues & Volume, By Carotenoids, 2021-2031F |
6.2 Latvia Functional Food Ingredients Market, By Health Benefits |
6.2.1 Overview and Analysis |
6.2.2 Latvia Functional Food Ingredients Market Revenues & Volume, By Gut health, 2021-2031F |
6.2.3 Latvia Functional Food Ingredients Market Revenues & Volume, By Cardiovascular health, 2021-2031F |
6.2.4 Latvia Functional Food Ingredients Market Revenues & Volume, By Bone health, 2021-2031F |
6.2.5 Latvia Functional Food Ingredients Market Revenues & Volume, By Immunity, 2021-2031F |
6.2.6 Latvia Functional Food Ingredients Market Revenues & Volume, By Nutritive health, 2021-2031F |
6.2.7 Latvia Functional Food Ingredients Market Revenues & Volume, By Weight management, 2021-2031F |
7 Latvia Functional Food Ingredients Market Import-Export Trade Statistics |
7.1 Latvia Functional Food Ingredients Market Export to Major Countries |
7.2 Latvia Functional Food Ingredients Market Imports from Major Countries |
8 Latvia Functional Food Ingredients Market Key Performance Indicators |
8.1 Consumer adoption rate of functional food products containing specific ingredients |
8.2 Number of new product launches in the functional food ingredients market |
8.3 Percentage of health and wellness-related publications referencing functional food ingredients |
9 Latvia Functional Food Ingredients Market - Opportunity Assessment |
9.1 Latvia Functional Food Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Functional Food Ingredients Market Opportunity Assessment, By Health Benefits, 2021 & 2031F |
10 Latvia Functional Food Ingredients Market - Competitive Landscape |
10.1 Latvia Functional Food Ingredients Market Revenue Share, By Companies, 2024 |
10.2 Latvia Functional Food Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |