| Product Code: ETC4713175 | 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 |
Latvia`s oleoresins import market experienced significant growth in 2024, with top exporters being Germany, Spain, Italy, Lithuania, and the UAE. The Herfindahl-Hirschman Index (HHI) pointed to high market concentration, indicating strong competitive dynamics. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 101.67%, showcasing a rapidly expanding market. Moreover, the growth rate from 2023 to 2024 surged by 162.47%, underlining the increasing demand for oleoresins in Latvia. This data suggests a thriving import market with promising opportunities for both domestic and international suppliers.

The Oleoresins market in Latvia is projected to grow at a stable growth rate of 0.43% 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 Oleoresins Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Oleoresins Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Oleoresins Market - Industry Life Cycle |
3.4 Latvia Oleoresins Market - Porter's Five Forces |
3.5 Latvia Oleoresins Market Revenues & Volume Share, By Extraction process, 2021 & 2031F |
3.6 Latvia Oleoresins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Oleoresins Market Revenues & Volume Share, By Sources, 2021 & 2031F |
4 Latvia Oleoresins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about natural ingredients and health benefits of oleoresins |
4.2.2 Increasing demand for clean label products in the food and beverage industry |
4.2.3 Growing application of oleoresins in pharmaceuticals and nutraceuticals |
4.3 Market Restraints |
4.3.1 Seasonal variability in raw material availability impacting production and supply |
4.3.2 Fluctuating prices of raw materials impacting profit margins |
4.3.3 Stringent regulations and quality standards in the production of oleoresins |
5 Latvia Oleoresins Market Trends |
6 Latvia Oleoresins Market Segmentations |
6.1 Latvia Oleoresins Market, By Extraction process |
6.1.1 Overview and Analysis |
6.1.2 Latvia Oleoresins Market Revenues & Volume, By Solvent extraction, 2021-2031F |
6.1.3 Latvia Oleoresins Market Revenues & Volume, By Supercritical fluid extraction, 2021-2031F |
6.2 Latvia Oleoresins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Oleoresins Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.3 Latvia Oleoresins Market Revenues & Volume, By Pharmaceuticals & nutraceuticals, 2021-2031F |
6.2.4 Latvia Oleoresins Market Revenues & Volume, By Personal care products, 2021-2031F |
6.2.5 Latvia Oleoresins Market Revenues & Volume, By Feed, 2021-2031F |
6.3 Latvia Oleoresins Market, By Sources |
6.3.1 Overview and Analysis |
6.3.2 Latvia Oleoresins Market Revenues & Volume, By Paprika, 2021-2031F |
6.3.3 Latvia Oleoresins Market Revenues & Volume, By Capsicum, 2021-2031F |
6.3.4 Latvia Oleoresins Market Revenues & Volume, By Seed spices, 2021-2031F |
6.3.5 Latvia Oleoresins Market Revenues & Volume, By Turmeric, 2021-2031F |
6.3.6 Latvia Oleoresins Market Revenues & Volume, By Ginger, 2021-2031F |
6.3.7 Latvia Oleoresins Market Revenues & Volume, By Cinnamon & cassia, 2021-2031F |
6.3.8 Latvia Oleoresins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Latvia Oleoresins Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Oleoresins Market Import-Export Trade Statistics |
7.1 Latvia Oleoresins Market Export to Major Countries |
7.2 Latvia Oleoresins Market Imports from Major Countries |
8 Latvia Oleoresins Market Key Performance Indicators |
8.1 Percentage of market expansion in the food and beverage industry |
8.2 Number of new product launches containing oleoresins |
8.3 Research and development investment in innovative oleoresins applications |
8.4 Percentage of repeat customers in the pharmaceutical and nutraceutical industries |
8.5 Sustainability practices in the sourcing and production of oleoresins |
9 Latvia Oleoresins Market - Opportunity Assessment |
9.1 Latvia Oleoresins Market Opportunity Assessment, By Extraction process, 2021 & 2031F |
9.2 Latvia Oleoresins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Oleoresins Market Opportunity Assessment, By Sources, 2021 & 2031F |
10 Latvia Oleoresins Market - Competitive Landscape |
10.1 Latvia Oleoresins Market Revenue Share, By Companies, 2024 |
10.2 Latvia Oleoresins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |