| Product Code: ETC4757198 | 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 a steady rise in meat extract import shipments, with key exporters being Poland, Lithuania, Denmark, Estonia, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level. With a strong compound annual growth rate (CAGR) of 19.36% from 2020 to 2024, the market is showing promising expansion. Additionally, the growth rate from 2023 to 2024 of 0.86% suggests a sustained momentum in the import of meat extract products into Latvia.

The Meat extract market in Latvia is projected to grow at a stable growth rate of 1.87% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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 Meat extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Meat extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Meat extract Market - Industry Life Cycle |
3.4 Latvia Meat extract Market - Porter's Five Forces |
3.5 Latvia Meat extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Meat extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Meat extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Meat extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the nutritional benefits of meat extract products |
4.2.2 Increasing demand for convenience food products in Latvia |
4.2.3 Rising disposable income leading to higher spending on premium food products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as meat |
4.3.2 Stringent regulations related to food safety and labeling in Latvia |
4.3.3 Competition from alternative products such as vegetable-based extracts |
5 Latvia Meat extract Market Trends |
6 Latvia Meat extract Market Segmentations |
6.1 Latvia Meat extract Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Meat extract Market Revenues & Volume, By Chicken, 2021-2031F |
6.1.3 Latvia Meat extract Market Revenues & Volume, By Pork, 2021-2031F |
6.1.4 Latvia Meat extract Market Revenues & Volume, By Beef, 2021-2031F |
6.1.5 Latvia Meat extract Market Revenues & Volume, By Fish, 2021-2031F |
6.1.6 Latvia Meat extract Market Revenues & Volume, By Turkey, 2021-2031F |
6.1.7 Latvia Meat extract Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Meat extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Meat extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Latvia Meat extract Market Revenues & Volume, By Paste, 2021-2031F |
6.2.4 Latvia Meat extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.5 Latvia Meat extract Market Revenues & Volume, By Granules, 2021-2031F |
6.3 Latvia Meat extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Meat extract Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.3 Latvia Meat extract Market Revenues & Volume, By Commercial, 2021-2031F |
7 Latvia Meat extract Market Import-Export Trade Statistics |
7.1 Latvia Meat extract Market Export to Major Countries |
7.2 Latvia Meat extract Market Imports from Major Countries |
8 Latvia Meat extract Market Key Performance Indicators |
8.1 Percentage of households purchasing meat extract products |
8.2 Number of new product launches in the meat extract market |
8.3 Consumer satisfaction ratings for meat extract products |
8.4 Average spending per capita on meat extract products |
8.5 Market penetration rate of meat extract products in Latvia |
9 Latvia Meat extract Market - Opportunity Assessment |
9.1 Latvia Meat extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Meat extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Meat extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Meat extract Market - Competitive Landscape |
10.1 Latvia Meat extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Meat extract 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.
To discover high-growth global markets and optimize your business strategy:
Click Here