| Product Code: ETC7918064 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In 2024, Latvia saw a steady growth in passion flower extracts import shipments, with key exporters being Poland, Lithuania, China, Metropolitan France, and Sweden. The low concentration of the Herfindahl-Hirschman Index (HHI) indicates a competitive market landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a strong 11.26%, with the growth rate in 2024 reaching 11.64%. This positive trend suggests a growing demand for passion flower extracts in Latvia, driven by factors such as increasing awareness of their potential health benefits and expanding product availability.
| 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 Passion Flower Extracts Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Passion Flower Extracts Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Passion Flower Extracts Market - Industry Life Cycle | 
| 3.4 Latvia Passion Flower Extracts Market - Porter's Five Forces | 
| 3.5 Latvia Passion Flower Extracts Market Revenues & Volume Share, By Product, 2021 & 2031F | 
| 3.6 Latvia Passion Flower Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Passion Flower Extracts Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing consumer awareness about the health benefits of passion flower extracts. | 
| 4.2.2 Growing demand for natural and plant-based ingredients in the cosmetics and pharmaceutical industries. | 
| 4.2.3 Rising interest in alternative medicine and herbal supplements. | 
| 4.3 Market Restraints | 
| 4.3.1 Seasonal variations in passion flower harvest impacting the availability of raw materials. | 
| 4.3.2 Regulatory challenges related to the cultivation and extraction of passion flower in Latvia. | 
| 5 Latvia Passion Flower Extracts Market Trends | 
| 6 Latvia Passion Flower Extracts Market, By Types | 
| 6.1 Latvia Passion Flower Extracts Market, By Product | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Passion Flower Extracts Market Revenues & Volume, By Product, 2021- 2031F | 
| 6.1.3 Latvia Passion Flower Extracts Market Revenues & Volume, By Organic, 2021- 2031F | 
| 6.1.4 Latvia Passion Flower Extracts Market Revenues & Volume, By Conventional, 2021- 2031F | 
| 6.2 Latvia Passion Flower Extracts Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Passion Flower Extracts Market Revenues & Volume, By Pharmaceutical, 2021- 2031F | 
| 6.2.3 Latvia Passion Flower Extracts Market Revenues & Volume, By Nutraceutical, 2021- 2031F | 
| 6.2.4 Latvia Passion Flower Extracts Market Revenues & Volume, By Personal Care, 2021- 2031F | 
| 6.2.5 Latvia Passion Flower Extracts Market Revenues & Volume, By Food and Beverages, 2021- 2031F | 
| 7 Latvia Passion Flower Extracts Market Import-Export Trade Statistics | 
| 7.1 Latvia Passion Flower Extracts Market Export to Major Countries | 
| 7.2 Latvia Passion Flower Extracts Market Imports from Major Countries | 
| 8 Latvia Passion Flower Extracts Market Key Performance Indicators | 
| 8.1 Number of new product launches containing passion flower extracts. | 
| 8.2 Growth in the number of research studies highlighting the health benefits of passion flower extracts. | 
| 8.3 Percentage increase in the cultivation area dedicated to passion flower in Latvia. | 
| 9 Latvia Passion Flower Extracts Market - Opportunity Assessment | 
| 9.1 Latvia Passion Flower Extracts Market Opportunity Assessment, By Product, 2021 & 2031F | 
| 9.2 Latvia Passion Flower Extracts Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Passion Flower Extracts Market - Competitive Landscape | 
| 10.1 Latvia Passion Flower Extracts Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Passion Flower Extracts Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 
| 13 Disclaimer |