| Product Code: ETC12707509 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Latvian market for nutritional and performance drinks continues to thrive, with import shipments showing significant growth. The top exporting countries to Latvia in 2024 include Lithuania, Austria, Poland, Estonia, and Germany. The market concentration, as measured by the HHI, has decreased from moderate to low in 2024, indicating a more competitive landscape. The impressive CAGR of 20.71% from 2020 to 2024 demonstrates the strong demand for these products in Latvia. Moreover, the growth rate of 12.54% from 2023 to 2024 suggests sustained momentum in the market.

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 Nutritional and Performance Drinks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nutritional and Performance Drinks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nutritional and Performance Drinks Market - Industry Life Cycle |
3.4 Latvia Nutritional and Performance Drinks Market - Porter's Five Forces |
3.5 Latvia Nutritional and Performance Drinks Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Nutritional and Performance Drinks Market Revenues & Volume Share, By Application Area, 2021 & 2031F |
3.7 Latvia Nutritional and Performance Drinks Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 Latvia Nutritional and Performance Drinks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Latvia Nutritional and Performance Drinks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness and awareness among consumers in Latvia |
4.2.2 Growing trend of fitness and active lifestyle in the country |
4.2.3 Rising disposable income leading to higher spending on health and wellness products |
4.3 Market Restraints |
4.3.1 Stringent regulations and compliance requirements in the nutritional and performance drinks market |
4.3.2 Limited availability of premium quality ingredients for manufacturing |
4.3.3 Intense competition from established brands and new market entrants |
5 Latvia Nutritional and Performance Drinks Market Trends |
6 Latvia Nutritional and Performance Drinks Market, By Types |
6.1 Latvia Nutritional and Performance Drinks Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Energy Drinks, 2021 - 2031F |
6.1.4 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Protein Shakes, 2021 - 2031F |
6.1.5 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Functional Beverages, 2021 - 2031F |
6.1.6 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Vitamin Water, 2021 - 2031F |
6.2 Latvia Nutritional and Performance Drinks Market, By Application Area |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Sports Nutrition, 2021 - 2031F |
6.2.3 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Meal Replacement, 2021 - 2031F |
6.2.4 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Immune Support, 2021 - 2031F |
6.2.5 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Hydration, 2021 - 2031F |
6.3 Latvia Nutritional and Performance Drinks Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Athletes, 2021 - 2031F |
6.3.3 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Fitness Enthusiasts, 2021 - 2031F |
6.3.4 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By General Consumers, 2021 - 2031F |
6.3.5 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Office Workers, 2021 - 2031F |
6.4 Latvia Nutritional and Performance Drinks Market, By Product Type |
6.4.1 Overview and Analysis |
6.4.2 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Electrolyte Drinks, 2021 - 2031F |
6.4.3 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Whey-Based Drinks, 2021 - 2031F |
6.4.4 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Herbal Infusions, 2021 - 2031F |
6.4.5 Latvia Nutritional and Performance Drinks Market Revenues & Volume, By Antioxidant Drinks, 2021 - 2031F |
7 Latvia Nutritional and Performance Drinks Market Import-Export Trade Statistics |
7.1 Latvia Nutritional and Performance Drinks Market Export to Major Countries |
7.2 Latvia Nutritional and Performance Drinks Market Imports from Major Countries |
8 Latvia Nutritional and Performance Drinks Market Key Performance Indicators |
8.1 Consumer engagement metrics such as social media followers, website traffic, and online reviews |
8.2 Product innovation rate measured by the number of new product launches and customer feedback on the same |
8.3 Distribution network expansion indicators like the number of new retail partnerships and geographic coverage expansion |
9 Latvia Nutritional and Performance Drinks Market - Opportunity Assessment |
9.1 Latvia Nutritional and Performance Drinks Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Nutritional and Performance Drinks Market Opportunity Assessment, By Application Area, 2021 & 2031F |
9.3 Latvia Nutritional and Performance Drinks Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 Latvia Nutritional and Performance Drinks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Latvia Nutritional and Performance Drinks Market - Competitive Landscape |
10.1 Latvia Nutritional and Performance Drinks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nutritional and Performance Drinks 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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