| Product Code: ETC5790722 | 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 hydrocolloids import market in Latvia experienced significant growth in 2024, with a high concentration of imports from Lithuania, India, Poland, Germany, and Belgium. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), increased from high to very high in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was a steady 5.1%, while the growth rate from 2023 to 2024 spiked dramatically by 66.89%. This indicates a rapidly expanding market with a strong presence of key exporting countries, suggesting continued opportunities and competition in the Latvian hydrocolloids import 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 Hydrocolloids Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Hydrocolloids Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Hydrocolloids Market - Industry Life Cycle |
3.4 Latvia Hydrocolloids Market - Porter's Five Forces |
3.5 Latvia Hydrocolloids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Hydrocolloids Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Latvia Hydrocolloids Market Revenues & Volume Share, By Function, 2021 & 2031F |
4 Latvia Hydrocolloids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of hydrocolloids |
4.2.2 Growth in the food and beverage industry in Latvia |
4.2.3 Rising demand for natural and organic ingredients in food products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Stringent regulations regarding the use of hydrocolloids in food products |
4.3.3 Competition from substitute products in the market |
5 Latvia Hydrocolloids Market Trends |
6 Latvia Hydrocolloids Market Segmentations |
6.1 Latvia Hydrocolloids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Hydrocolloids Market Revenues & Volume, By Gelatin, 2021-2031F |
6.1.3 Latvia Hydrocolloids Market Revenues & Volume, By Pectin, 2021-2031F |
6.1.4 Latvia Hydrocolloids Market Revenues & Volume, By Carrageenan, 2021-2031F |
6.1.5 Latvia Hydrocolloids Market Revenues & Volume, By Xanthan gum, 2021-2031F |
6.1.6 Latvia Hydrocolloids Market Revenues & Volume, By Agar, 2021-2031F |
6.1.7 Latvia Hydrocolloids Market Revenues & Volume, By Gum Arabic, 2021-2031F |
6.1.9 Latvia Hydrocolloids Market Revenues & Volume, By Guar gum, 2021-2031F |
6.1.10 Latvia Hydrocolloids Market Revenues & Volume, By Guar gum, 2021-2031F |
6.2 Latvia Hydrocolloids Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Hydrocolloids Market Revenues & Volume, By Botanical, 2021-2031F |
6.2.3 Latvia Hydrocolloids Market Revenues & Volume, By Microbial, 2021-2031F |
6.2.4 Latvia Hydrocolloids Market Revenues & Volume, By Animal, 2021-2031F |
6.2.5 Latvia Hydrocolloids Market Revenues & Volume, By Seaweed, 2021-2031F |
6.2.6 Latvia Hydrocolloids Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3 Latvia Hydrocolloids Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Latvia Hydrocolloids Market Revenues & Volume, By Thickener, 2021-2031F |
6.3.3 Latvia Hydrocolloids Market Revenues & Volume, By Stabilizers, 2021-2031F |
6.3.4 Latvia Hydrocolloids Market Revenues & Volume, By Gelling agents, 2021-2031F |
6.3.5 Latvia Hydrocolloids Market Revenues & Volume, By Fat replacers, 2021-2031F |
6.3.6 Latvia Hydrocolloids Market Revenues & Volume, By Coating materials, 2021-2031F |
6.3.7 Latvia Hydrocolloids Market Revenues & Volume, By Other functions, 2021-2031F |
7 Latvia Hydrocolloids Market Import-Export Trade Statistics |
7.1 Latvia Hydrocolloids Market Export to Major Countries |
7.2 Latvia Hydrocolloids Market Imports from Major Countries |
8 Latvia Hydrocolloids Market Key Performance Indicators |
8.1 Number of new product launches incorporating hydrocolloids |
8.2 Growth in the food and beverage industry in Latvia |
8.3 Consumer perception and acceptance of products containing hydrocolloids |
9 Latvia Hydrocolloids Market - Opportunity Assessment |
9.1 Latvia Hydrocolloids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Hydrocolloids Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Latvia Hydrocolloids Market Opportunity Assessment, By Function, 2021 & 2031F |
10 Latvia Hydrocolloids Market - Competitive Landscape |
10.1 Latvia Hydrocolloids Market Revenue Share, By Companies, 2024 |
10.2 Latvia Hydrocolloids 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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