| Product Code: ETC5798303 | 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 import of functional proteins in Latvia continued to see significant growth in 2024, with top exporting countries being the Netherlands, China, Metropolitan France, Lithuania, and Poland. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was steady at 0.63%, with a notable growth rate of 7.98% from 2023 to 2024. This data suggests a promising trajectory for the functional proteins market in Latvia, driven by imports from key international suppliers.

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 Proteins Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Functional Proteins Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Functional Proteins Market - Industry Life Cycle |
3.4 Latvia Functional Proteins Market - Porter's Five Forces |
3.5 Latvia Functional Proteins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Functional Proteins Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Latvia Functional Proteins Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Latvia Functional Proteins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of functional proteins |
4.2.2 Growing demand for functional proteins in sports nutrition and dietary supplements |
4.2.3 Rising prevalence of lifestyle-related diseases driving the need for functional proteins |
4.3 Market Restraints |
4.3.1 High production costs associated with functional proteins |
4.3.2 Limited consumer awareness and understanding of functional proteins |
4.3.3 Stringent regulations and standards governing the functional proteins market |
5 Latvia Functional Proteins Market Trends |
6 Latvia Functional Proteins Market Segmentations |
6.1 Latvia Functional Proteins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Functional Proteins Market Revenues & Volume, By Whey Protein Concentrates, 2021-2031F |
6.1.3 Latvia Functional Proteins Market Revenues & Volume, By Isolates, 2021-2031F |
6.1.4 Latvia Functional Proteins Market Revenues & Volume, By Hydrolysates, 2021-2031F |
6.1.5 Latvia Functional Proteins Market Revenues & Volume, By Casein, 2021-2031F |
6.1.6 Latvia Functional Proteins Market Revenues & Volume, By Soy Protein, 2021-2031F |
6.2 Latvia Functional Proteins Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Functional Proteins Market Revenues & Volume, By Animal, 2021-2031F |
6.2.3 Latvia Functional Proteins Market Revenues & Volume, By Plant, 2021-2031F |
6.3 Latvia Functional Proteins Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Functional Proteins Market Revenues & Volume, By Dry, 2021-2031F |
6.3.3 Latvia Functional Proteins Market Revenues & Volume, By Liquid, 2021-2031F |
7 Latvia Functional Proteins Market Import-Export Trade Statistics |
7.1 Latvia Functional Proteins Market Export to Major Countries |
7.2 Latvia Functional Proteins Market Imports from Major Countries |
8 Latvia Functional Proteins Market Key Performance Indicators |
8.1 Number of new product launches containing functional proteins |
8.2 Percentage increase in per capita consumption of functional proteins |
8.3 Growth in partnerships and collaborations within the functional proteins market |
8.4 Percentage of consumers actively seeking out functional proteins in their diets |
9 Latvia Functional Proteins Market - Opportunity Assessment |
9.1 Latvia Functional Proteins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Functional Proteins Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Latvia Functional Proteins Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Latvia Functional Proteins Market - Competitive Landscape |
10.1 Latvia Functional Proteins Market Revenue Share, By Companies, 2024 |
10.2 Latvia Functional Proteins 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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