Latvia Propionic Acid for Animal Feed Market (2025-2031) | Growth, Companies, Size & Revenue, Value, Share, Competitive Landscape, Forecast, Segmentation, Outlook, Analysis, Trends, Industry

Market Forecast By Grade (Biotech/Analytical (High Purity), Technical (Low Purity)), By Process (Oxo Process, Reppe Process, By-Product Process), By End-User (Chemical, Agriculture, Healthcare, Personal Care, Food and Beverages) And Competitive Landscape
Product Code: ETC7919801 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Dhaval Chaurasia No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Propionic Acid for Animal Feed Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia continues to rely on imports of propionic acid for animal feed, with top suppliers being Germany, Belgium, Spain, Metropolitan France, and Netherlands. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market in 2024. Despite a remarkable compound annual growth rate (CAGR) of 30.39% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -44.59%. This fluctuation suggests potential shifts in market dynamics and highlights the need for monitoring and strategic planning in the import of propionic acid for animal feed in Latvia.

Latvia Propionic Acid for Animal Feed Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Propionic Acid for Animal Feed Market Outlook
  • Market Size of Latvia Propionic Acid for Animal Feed Market, 2024
  • Forecast of Latvia Propionic Acid for Animal Feed Market, 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Revenues & Volume for the Period 2021- 2031
  • Latvia Propionic Acid for Animal Feed Market Trend Evolution
  • Latvia Propionic Acid for Animal Feed Market Drivers and Challenges
  • Latvia Propionic Acid for Animal Feed Price Trends
  • Latvia Propionic Acid for Animal Feed Porter's Five Forces
  • Latvia Propionic Acid for Animal Feed Industry Life Cycle
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Grade for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Biotech/Analytical (High Purity) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Technical (Low Purity) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Process for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Oxo Process for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Reppe Process for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By By-Product Process for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By End-User for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Chemical for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Agriculture for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Healthcare for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Personal Care for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Propionic Acid for Animal Feed Market Revenues & Volume By Food and Beverages for the Period 2021- 2031
  • Latvia Propionic Acid for Animal Feed Import Export Trade Statistics
  • Market Opportunity Assessment By Grade
  • Market Opportunity Assessment By Process
  • Market Opportunity Assessment By End-User
  • Latvia Propionic Acid for Animal Feed Top Companies Market Share
  • Latvia Propionic Acid for Animal Feed Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Propionic Acid for Animal Feed Company Profiles
  • Latvia Propionic Acid for Animal Feed Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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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 Propionic Acid for Animal Feed Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Propionic Acid for Animal Feed Market - Industry Life Cycle

3.4 Latvia Propionic Acid for Animal Feed Market - Porter's Five Forces

3.5 Latvia Propionic Acid for Animal Feed Market Revenues & Volume Share, By Grade, 2021 & 2031F

3.6 Latvia Propionic Acid for Animal Feed Market Revenues & Volume Share, By Process, 2021 & 2031F

3.7 Latvia Propionic Acid for Animal Feed Market Revenues & Volume Share, By End-User, 2021 & 2031F

4 Latvia Propionic Acid for Animal Feed Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for safe and high-quality animal feed additives

4.2.2 Growing awareness about the benefits of propionic acid in animal nutrition

4.2.3 Rising consumption of meat and dairy products driving the need for improved feed quality

4.3 Market Restraints

4.3.1 Stringent regulations related to the approval and usage of feed additives

4.3.2 Fluctuating prices of raw materials impacting production costs

4.3.3 Competition from alternative feed additives in the market

5 Latvia Propionic Acid for Animal Feed Market Trends

6 Latvia Propionic Acid for Animal Feed Market, By Types

6.1 Latvia Propionic Acid for Animal Feed Market, By Grade

6.1.1 Overview and Analysis

6.1.2 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Grade, 2021- 2031F

6.1.3 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Biotech/Analytical (High Purity), 2021- 2031F

6.1.4 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Technical (Low Purity), 2021- 2031F

6.2 Latvia Propionic Acid for Animal Feed Market, By Process

6.2.1 Overview and Analysis

6.2.2 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Oxo Process, 2021- 2031F

6.2.3 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Reppe Process, 2021- 2031F

6.2.4 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By By-Product Process, 2021- 2031F

6.3 Latvia Propionic Acid for Animal Feed Market, By End-User

6.3.1 Overview and Analysis

6.3.2 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Chemical, 2021- 2031F

6.3.3 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Agriculture, 2021- 2031F

6.3.4 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Healthcare, 2021- 2031F

6.3.5 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Personal Care, 2021- 2031F

6.3.6 Latvia Propionic Acid for Animal Feed Market Revenues & Volume, By Food and Beverages, 2021- 2031F

7 Latvia Propionic Acid for Animal Feed Market Import-Export Trade Statistics

7.1 Latvia Propionic Acid for Animal Feed Market Export to Major Countries

7.2 Latvia Propionic Acid for Animal Feed Market Imports from Major Countries

8 Latvia Propionic Acid for Animal Feed Market Key Performance Indicators

8.1 Percentage of livestock farms using propionic acid in their animal feed formulations

8.2 Growth rate of the livestock industry in Latvia

8.3 Number of research studies highlighting the efficacy of propionic acid in animal nutrition

9 Latvia Propionic Acid for Animal Feed Market - Opportunity Assessment

9.1 Latvia Propionic Acid for Animal Feed Market Opportunity Assessment, By Grade, 2021 & 2031F

9.2 Latvia Propionic Acid for Animal Feed Market Opportunity Assessment, By Process, 2021 & 2031F

9.3 Latvia Propionic Acid for Animal Feed Market Opportunity Assessment, By End-User, 2021 & 2031F

10 Latvia Propionic Acid for Animal Feed Market - Competitive Landscape

10.1 Latvia Propionic Acid for Animal Feed Market Revenue Share, By Companies, 2024

10.2 Latvia Propionic Acid for Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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