| Product Code: ETC7915576 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely on key trading partners such as Lithuania, Metropolitan France, Germany, Russia, and Estonia for its micronutrient import shipments. Despite the high concentration with a very high HHI, the industry showed strong growth with a CAGR of 14.36% from 2020 to 2024. However, there was a notable decline in the growth rate from 2023 to 2024, indicating potential challenges or shifts in the market dynamics. Monitoring these trends closely will be crucial for stakeholders in the Latvian market to adapt and strategize effectively.

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 Micronutrient Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Micronutrient Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Micronutrient Market - Industry Life Cycle |
3.4 Latvia Micronutrient Market - Porter's Five Forces |
3.5 Latvia Micronutrient Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Micronutrient Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Micronutrient Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Latvia Micronutrient Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of micronutrients in maintaining health and preventing diseases |
4.2.2 Growing demand for fortified food products and dietary supplements |
4.2.3 Favorable government initiatives promoting the use of micronutrients in agriculture |
4.3 Market Restraints |
4.3.1 High costs associated with the production and distribution of micronutrient products |
4.3.2 Limited consumer knowledge and understanding of micronutrient benefits |
4.3.3 Stringent regulations and approval processes for introducing new micronutrient products in the market |
5 Latvia Micronutrient Market Trends |
6 Latvia Micronutrient Market, By Types |
6.1 Latvia Micronutrient Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Micronutrient Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Micronutrient Market Revenues & Volume, By Boron, 2021- 2031F |
6.1.4 Latvia Micronutrient Market Revenues & Volume, By Copper, 2021- 2031F |
6.1.5 Latvia Micronutrient Market Revenues & Volume, By Iron, 2021- 2031F |
6.1.6 Latvia Micronutrient Market Revenues & Volume, By Manganese, 2021- 2031F |
6.1.7 Latvia Micronutrient Market Revenues & Volume, By Molybdenum, 2021- 2031F |
6.1.8 Latvia Micronutrient Market Revenues & Volume, By Zinc, 2021- 2031F |
6.2 Latvia Micronutrient Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Micronutrient Market Revenues & Volume, By Fertigation, 2021- 2031F |
6.2.3 Latvia Micronutrient Market Revenues & Volume, By Foliar, 2021- 2031F |
6.2.4 Latvia Micronutrient Market Revenues & Volume, By Soil, 2021- 2031F |
6.3 Latvia Micronutrient Market, By Crop Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Micronutrient Market Revenues & Volume, By Field Crops, 2021- 2031F |
6.3.3 Latvia Micronutrient Market Revenues & Volume, By Horticultural Crops, 2021- 2031F |
6.3.4 Latvia Micronutrient Market Revenues & Volume, By Turf & Ornamental, 2021- 2031F |
7 Latvia Micronutrient Market Import-Export Trade Statistics |
7.1 Latvia Micronutrient Market Export to Major Countries |
7.2 Latvia Micronutrient Market Imports from Major Countries |
8 Latvia Micronutrient Market Key Performance Indicators |
8.1 Percentage of population using dietary supplements containing micronutrients |
8.2 Number of research studies conducted on the benefits of micronutrients |
8.3 Adoption rate of micronutrient-fortified food products in the market |
9 Latvia Micronutrient Market - Opportunity Assessment |
9.1 Latvia Micronutrient Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Micronutrient Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Micronutrient Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 Latvia Micronutrient Market - Competitive Landscape |
10.1 Latvia Micronutrient Market Revenue Share, By Companies, 2024 |
10.2 Latvia Micronutrient Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |