| Product Code: ETC10719349 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Latvia`s import shipments of orange extracts in 2024 saw a significant increase in concentration, with the top exporting countries being Netherlands, Metropolitan France, Lithuania, Germany, and the UK. The high Herfindahl-Hirschman Index (HHI) in 2023 intensified further in 2024, indicating a market with high concentration. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 23.39%, while the growth rate from 2023 to 2024 surged to 69.84%. This data suggests a growing demand for orange extracts in Latvia and highlights the competitive dynamics among the key exporting nations.

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 Orange Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Orange Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Orange Extracts Market - Industry Life Cycle |
3.4 Latvia Orange Extracts Market - Porter's Five Forces |
3.5 Latvia Orange Extracts Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Orange Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Orange Extracts Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 Latvia Orange Extracts Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Orange Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of orange extracts |
4.2.2 Growing demand for natural and organic ingredients in food and beverage industry |
4.2.3 Rising popularity of citrus-flavored products in Latvia |
4.3 Market Restraints |
4.3.1 Seasonal availability of oranges leading to supply chain challenges |
4.3.2 Fluctuating prices of raw materials impacting production costs |
4.3.3 Intense competition from other citrus fruit extracts in the market |
5 Latvia Orange Extracts Market Trends |
6 Latvia Orange Extracts Market, By Types |
6.1 Latvia Orange Extracts Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Orange Extracts Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Orange Extracts Market Revenues & Volume, By Natural Extracts, 2021 - 2031F |
6.1.4 Latvia Orange Extracts Market Revenues & Volume, By Organic Extracts, 2021 - 2031F |
6.1.5 Latvia Orange Extracts Market Revenues & Volume, By Synthetic Extracts, 2021 - 2031F |
6.1.6 Latvia Orange Extracts Market Revenues & Volume, By Liquid Extracts, 2021 - 2031F |
6.1.7 Latvia Orange Extracts Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Latvia Orange Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Orange Extracts Market Revenues & Volume, By Food & Beverages, 2021 - 2031F |
6.2.3 Latvia Orange Extracts Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.2.4 Latvia Orange Extracts Market Revenues & Volume, By Cosmetics, 2021 - 2031F |
6.2.5 Latvia Orange Extracts Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.2.6 Latvia Orange Extracts Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Latvia Orange Extracts Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 Latvia Orange Extracts Market Revenues & Volume, By Peels, 2021 - 2031F |
6.3.3 Latvia Orange Extracts Market Revenues & Volume, By Seeds, 2021 - 2031F |
6.3.4 Latvia Orange Extracts Market Revenues & Volume, By Whole Fruit, 2021 - 2031F |
6.3.5 Latvia Orange Extracts Market Revenues & Volume, By Pulp, 2021 - 2031F |
6.3.6 Latvia Orange Extracts Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Latvia Orange Extracts Market, By End Use |
6.4.1 Overview and Analysis |
6.4.2 Latvia Orange Extracts Market Revenues & Volume, By Food Industry, 2021 - 2031F |
6.4.3 Latvia Orange Extracts Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.4.4 Latvia Orange Extracts Market Revenues & Volume, By Cosmetics, 2021 - 2031F |
6.4.5 Latvia Orange Extracts Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.4.6 Latvia Orange Extracts Market Revenues & Volume, By Others, 2021 - 2031F |
7 Latvia Orange Extracts Market Import-Export Trade Statistics |
7.1 Latvia Orange Extracts Market Export to Major Countries |
7.2 Latvia Orange Extracts Market Imports from Major Countries |
8 Latvia Orange Extracts Market Key Performance Indicators |
8.1 Consumer demand for orange extract-based products |
8.2 Number of new product launches containing orange extracts |
8.3 Investment in research and development for product innovation |
8.4 Consumer perception and acceptance of orange extracts as a premium ingredient |
8.5 Retail penetration and availability of orange extract products in Latvia |
9 Latvia Orange Extracts Market - Opportunity Assessment |
9.1 Latvia Orange Extracts Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Orange Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Orange Extracts Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 Latvia Orange Extracts Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Orange Extracts Market - Competitive Landscape |
10.1 Latvia Orange Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Orange Extracts 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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