| Product Code: ETC5015617 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The ginseng extracts import market in Latvia continues to show steady growth, with top exporting countries being Poland, Lithuania, China, Metropolitan France, and Sweden. The low concentration level indicates a competitive market landscape. The impressive CAGR of 11.26% from 2020 to 2024 demonstrates sustained demand, with a notable growth rate of 11.64% in 2024 alone. This data suggests a positive outlook for the ginseng extracts market in Latvia, highlighting opportunities for both domestic consumption and potential export expansion.

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 Ginseng Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Ginseng Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Ginseng Extracts Market - Industry Life Cycle |
3.4 Latvia Ginseng Extracts Market - Porter's Five Forces |
3.5 Latvia Ginseng Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Ginseng Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Ginseng Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of ginseng extracts |
4.2.2 Growing demand for natural and herbal supplements |
4.2.3 Rising focus on preventive healthcare and wellness trends in the market |
4.3 Market Restraints |
4.3.1 High production costs associated with cultivating and extracting ginseng |
4.3.2 Limited availability of ginseng plants and extract sources |
4.3.3 Stringent regulations and quality standards in the herbal supplements industry |
5 Latvia Ginseng Extracts Market Trends |
6 Latvia Ginseng Extracts Market Segmentations |
6.1 Latvia Ginseng Extracts Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Ginseng Extracts Market Revenues & Volume, By Powder, 2021-2031F |
6.1.3 Latvia Ginseng Extracts Market Revenues & Volume, By Liquid, 2021-2031F |
6.2 Latvia Ginseng Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Ginseng Extracts Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.2.3 Latvia Ginseng Extracts Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Latvia Ginseng Extracts Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.2.5 Latvia Ginseng Extracts Market Revenues & Volume, By Food & Beverages, 2021-2031F |
7 Latvia Ginseng Extracts Market Import-Export Trade Statistics |
7.1 Latvia Ginseng Extracts Market Export to Major Countries |
7.2 Latvia Ginseng Extracts Market Imports from Major Countries |
8 Latvia Ginseng Extracts Market Key Performance Indicators |
8.1 Consumer engagement with ginseng extract-related content on social media platforms |
8.2 Number of new product launches incorporating ginseng extracts |
8.3 Growth in research and development investments in ginseng extract technologies |
9 Latvia Ginseng Extracts Market - Opportunity Assessment |
9.1 Latvia Ginseng Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Ginseng Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Ginseng Extracts Market - Competitive Landscape |
10.1 Latvia Ginseng Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Ginseng Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |