| Product Code: ETC4847505 | 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 |
In 2024, Latvia continued to see significant growth in infant formula milk powder imports, with key exporters being Lithuania, Poland, Netherlands, Germany, and Ireland. 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 an impressive 16.48%, showcasing a strong demand for infant formula milk powder in Latvia. Additionally, the growth rate from 2023 to 2024 stood at 10.19%, indicating a sustained upward trend in import shipments for the product in the country.

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 Infant Formula Milk Powder Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Infant Formula Milk Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Infant Formula Milk Powder Market - Industry Life Cycle |
3.4 Latvia Infant Formula Milk Powder Market - Porter's Five Forces |
3.5 Latvia Infant Formula Milk Powder Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Infant Formula Milk Powder Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Latvia Infant Formula Milk Powder Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
4 Latvia Infant Formula Milk Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of infant nutrition |
4.2.2 Growing disposable income among the population |
4.2.3 Rising demand for convenience and ready-to-use infant formula products |
4.3 Market Restraints |
4.3.1 Stringent regulations and guidelines related to infant formula milk powder production and marketing |
4.3.2 Presence of alternative feeding options such as breastfeeding |
4.3.3 Health concerns and controversies surrounding the ingredients used in infant formula milk powder |
5 Latvia Infant Formula Milk Powder Market Trends |
6 Latvia Infant Formula Milk Powder Market Segmentations |
6.1 Latvia Infant Formula Milk Powder Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Infant Milk, 2021-2031F |
6.1.3 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Follow-on-Milk, 2021-2031F |
6.1.4 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Specialty Baby Milk, 2021-2031F |
6.1.5 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Growing-up Milk, 2021-2031F |
6.2 Latvia Infant Formula Milk Powder Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Hypermarkets, 2021-2031F |
6.2.3 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Supermarkets, 2021-2031F |
6.2.4 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Pharmacy/Medical Stores, 2021-2031F |
6.2.5 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.6 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Hard Discounter Stores, 2021-2031F |
6.2.7 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Infant Formula Milk Powder Market, By Ingredient |
6.3.1 Overview and Analysis |
6.3.2 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Carbohydrate, 2021-2031F |
6.3.3 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Fat, 2021-2031F |
6.3.4 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Protein, 2021-2031F |
6.3.5 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Minerals, 2021-2031F |
6.3.6 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Vitamins, 2021-2031F |
6.3.7 Latvia Infant Formula Milk Powder Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Infant Formula Milk Powder Market Import-Export Trade Statistics |
7.1 Latvia Infant Formula Milk Powder Market Export to Major Countries |
7.2 Latvia Infant Formula Milk Powder Market Imports from Major Countries |
8 Latvia Infant Formula Milk Powder Market Key Performance Indicators |
8.1 Percentage of households with infants purchasing infant formula milk powder |
8.2 Average spending on infant formula milk powder per household |
8.3 Number of new product launches in the infant formula milk powder segment |
8.4 Consumer satisfaction and loyalty metrics for different brands of infant formula milk powder |
9 Latvia Infant Formula Milk Powder Market - Opportunity Assessment |
9.1 Latvia Infant Formula Milk Powder Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Infant Formula Milk Powder Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Latvia Infant Formula Milk Powder Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
10 Latvia Infant Formula Milk Powder Market - Competitive Landscape |
10.1 Latvia Infant Formula Milk Powder Market Revenue Share, By Companies, 2024 |
10.2 Latvia Infant Formula Milk Powder Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |