| Product Code: ETC7916895 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a steady increase in nutritional supplements import shipments from top exporting countries including Germany, Lithuania, Hungary, Poland, and Estonia. Despite moderate concentration indicated by the HHI, the market showed a healthy compound annual growth rate (CAGR) of 5.93% from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024 at -4.29%, suggesting a possible slowdown in the market. Monitoring these trends closely will be crucial for stakeholders in the nutritional supplements industry in Latvia.

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 Supplements Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Nutritional Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Nutritional Supplements Market - Industry Life Cycle |
3.4 Latvia Nutritional Supplements Market - Porter's Five Forces |
3.5 Latvia Nutritional Supplements Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Nutritional Supplements Market Revenues & Volume Share, By Consumer Group, 2021 & 2031F |
3.7 Latvia Nutritional Supplements Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.8 Latvia Nutritional Supplements Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Nutritional Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness and awareness among consumers in Latvia leading to a higher demand for nutritional supplements. |
4.2.2 Growing trend of preventive healthcare practices and emphasis on overall well-being driving the consumption of nutritional supplements. |
4.2.3 Rise in disposable income and changing lifestyles supporting the affordability and adoption of nutritional supplements. |
4.3 Market Restraints |
4.3.1 Stringent regulations and strict labeling requirements impacting the marketing and distribution of nutritional supplements in Latvia. |
4.3.2 Limited availability of specialized or premium nutritional supplements restricting consumer choices. |
4.3.3 Negative perception or skepticism towards the effectiveness of nutritional supplements among certain consumer segments. |
5 Latvia Nutritional Supplements Market Trends |
6 Latvia Nutritional Supplements Market, By Types |
6.1 Latvia Nutritional Supplements Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Nutritional Supplements Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Nutritional Supplements Market Revenues & Volume, By Sports Nutrition, 2021- 2031F |
6.1.4 Latvia Nutritional Supplements Market Revenues & Volume, By Fat Burners, 2021- 2031F |
6.1.5 Latvia Nutritional Supplements Market Revenues & Volume, By Dietary Supplements, 2021- 2031F |
6.2 Latvia Nutritional Supplements Market, By Consumer Group |
6.2.1 Overview and Analysis |
6.2.2 Latvia Nutritional Supplements Market Revenues & Volume, By Children, 2021- 2031F |
6.2.3 Latvia Nutritional Supplements Market Revenues & Volume, By Adults, 2021- 2031F |
6.3 Latvia Nutritional Supplements Market, By Formulation |
6.3.1 Overview and Analysis |
6.3.2 Latvia Nutritional Supplements Market Revenues & Volume, By Tablets, 2021- 2031F |
6.3.3 Latvia Nutritional Supplements Market Revenues & Volume, By Capsules, 2021- 2031F |
6.3.4 Latvia Nutritional Supplements Market Revenues & Volume, By Powder, 2021- 2031F |
6.3.5 Latvia Nutritional Supplements Market Revenues & Volume, By Softgels, 2021- 2031F |
6.3.6 Latvia Nutritional Supplements Market Revenues & Volume, By Liquid, 2021- 2031F |
6.3.7 Latvia Nutritional Supplements Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Nutritional Supplements Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Nutritional Supplements Market Revenues & Volume, By Brick & Mortar, 2021- 2031F |
6.4.3 Latvia Nutritional Supplements Market Revenues & Volume, By E-commerce, 2021- 2031F |
7 Latvia Nutritional Supplements Market Import-Export Trade Statistics |
7.1 Latvia Nutritional Supplements Market Export to Major Countries |
7.2 Latvia Nutritional Supplements Market Imports from Major Countries |
8 Latvia Nutritional Supplements Market Key Performance Indicators |
8.1 Consumer engagement metrics such as website traffic, social media interactions, and online reviews indicating the interest and awareness of consumers towards nutritional supplements. |
8.2 Health and wellness trends tracking, including keyword search volumes, participation in fitness activities, and adoption of healthy eating habits reflecting the market's growth potential. |
8.3 Customer satisfaction and retention rates measuring the loyalty and trust of consumers towards specific nutritional supplement brands or products. |
9 Latvia Nutritional Supplements Market - Opportunity Assessment |
9.1 Latvia Nutritional Supplements Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Nutritional Supplements Market Opportunity Assessment, By Consumer Group, 2021 & 2031F |
9.3 Latvia Nutritional Supplements Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.4 Latvia Nutritional Supplements Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Nutritional Supplements Market - Competitive Landscape |
10.1 Latvia Nutritional Supplements Market Revenue Share, By Companies, 2024 |
10.2 Latvia Nutritional Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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