| Product Code: ETC5365939 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a steady flow of organic acids imports, with top exporting countries being Netherlands, Lithuania, China, Belgium, and Germany. Despite a high concentration level indicated by the HHI, the market experienced a negative compound annual growth rate (CAGR) of -6.43% from 2020 to 2024. However, there was a slight improvement in growth from 2023 to 2024, with a growth rate of 3.51%. This data suggests a challenging market environment but also hints at potential opportunities for growth and diversification in the organic acids import market in Latvia.

In the Europe region, the Organic Acids market in Latvia is projected to expand at a stable growth rate of 2.62% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Organic Acids Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Organic Acids Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Organic Acids Market - Industry Life Cycle |
3.4 Latvia Organic Acids Market - Porter's Five Forces |
3.5 Latvia Organic Acids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Organic Acids Market Revenues & Volume Share, By Sources, 2021 & 2031F |
3.7 Latvia Organic Acids Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Latvia Organic Acids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness towards health and wellness, driving demand for organic acids in Latvia |
4.2.2 Growing trend of clean label products and natural ingredients in the food and beverage industry |
4.2.3 Rising focus on sustainable and environmentally friendly practices in manufacturing processes |
4.3 Market Restraints |
4.3.1 High production costs associated with organic acids production, impacting pricing and market competitiveness |
4.3.2 Limited availability of raw materials for organic acids production in Latvia |
4.3.3 Stringent regulatory requirements and certifications for organic acids production and marketing |
5 Latvia Organic Acids Market Trends |
6 Latvia Organic Acids Market Segmentations |
6.1 Latvia Organic Acids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Organic Acids Market Revenues & Volume, By Acetic Acid, 2021-2031F |
6.1.3 Latvia Organic Acids Market Revenues & Volume, By Citric Acid, 2021-2031F |
6.1.4 Latvia Organic Acids Market Revenues & Volume, By Formic Acid, 2021-2031F |
6.1.5 Latvia Organic Acids Market Revenues & Volume, By Lactic Acid, 2021-2031F |
6.1.6 Latvia Organic Acids Market Revenues & Volume, By Itaconic Acid, 2021-2031F |
6.1.7 Latvia Organic Acids Market Revenues & Volume, By Succinic Acid, 2021-2031F |
6.1.9 Latvia Organic Acids Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Latvia Organic Acids Market Revenues & Volume, By Others, 2021-2031F |
6.2 Latvia Organic Acids Market, By Sources |
6.2.1 Overview and Analysis |
6.2.2 Latvia Organic Acids Market Revenues & Volume, By Biomass, 2021-2031F |
6.2.3 Latvia Organic Acids Market Revenues & Volume, By Molasses, 2021-2031F |
6.2.4 Latvia Organic Acids Market Revenues & Volume, By Starch, 2021-2031F |
6.2.5 Latvia Organic Acids Market Revenues & Volume, By Chemical Synthesis, 2021-2031F |
6.2.6 Latvia Organic Acids Market Revenues & Volume, By Argo-Industrial Residue, 2021-2031F |
6.3 Latvia Organic Acids Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Latvia Organic Acids Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Latvia Organic Acids Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.4 Latvia Organic Acids Market Revenues & Volume, By Chemical & Industrial, 2021-2031F |
6.3.5 Latvia Organic Acids Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Latvia Organic Acids Market Revenues & Volume, By Personal Care, 2021-2031F |
6.3.7 Latvia Organic Acids Market Revenues & Volume, By Agriculture, 2021-2031F |
7 Latvia Organic Acids Market Import-Export Trade Statistics |
7.1 Latvia Organic Acids Market Export to Major Countries |
7.2 Latvia Organic Acids Market Imports from Major Countries |
8 Latvia Organic Acids Market Key Performance Indicators |
8.1 Percentage increase in the number of organic acid product launches in the Latvian market |
8.2 Growth in the number of organic acids manufacturers and suppliers in Latvia |
8.3 Adoption rate of organic acids by key industries such as food and beverage, pharmaceuticals, and agriculture |
8.4 Percentage of organic acids produced using sustainable and eco-friendly practices |
8.5 Investment in research and development for new organic acid applications and technologies |
9 Latvia Organic Acids Market - Opportunity Assessment |
9.1 Latvia Organic Acids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Organic Acids Market Opportunity Assessment, By Sources, 2021 & 2031F |
9.3 Latvia Organic Acids Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Latvia Organic Acids Market - Competitive Landscape |
10.1 Latvia Organic Acids Market Revenue Share, By Companies, 2024 |
10.2 Latvia Organic Acids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |