| Product Code: ETC4769966 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to witness a significant influx of seafood extracts imports, with top exporters being Lithuania, Poland, Estonia, Croatia, and Germany. The market concentration, as indicated by the HHI, remained notably high, reflecting the dominance of key players. Despite a relatively modest CAGR of 1.47% from 2020 to 2024, there was a notable decline in growth rate from 2023 to 2024 at -12.99%. This shift in growth dynamics suggests a changing landscape for seafood extracts imports in Latvia, highlighting the need for market players to adapt to evolving trends and consumer preferences.
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 Seafood Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Seafood Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Seafood Extracts Market - Industry Life Cycle |
3.4 Latvia Seafood Extracts Market - Porter's Five Forces |
3.5 Latvia Seafood Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Seafood Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Seafood Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of seafood extracts |
4.2.2 Rising demand for natural and organic ingredients in food and cosmetic industries |
4.2.3 Growing popularity of seafood-based products in the Latvian market |
4.3 Market Restraints |
4.3.1 Seasonal availability and fluctuating prices of seafood extracts |
4.3.2 Regulatory challenges and compliance with quality standards |
4.3.3 Limited awareness and penetration of seafood extracts in non-traditional applications |
5 Latvia Seafood Extracts Market Trends |
6 Latvia Seafood Extracts Market Segmentations |
6.1 Latvia Seafood Extracts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Seafood Extracts Market Revenues & Volume, By Crab Extract, 2021-2031F |
6.1.3 Latvia Seafood Extracts Market Revenues & Volume, By Codfish Extract, 2021-2031F |
6.1.4 Latvia Seafood Extracts Market Revenues & Volume, By Lobster Extract, 2021-2031F |
6.1.5 Latvia Seafood Extracts Market Revenues & Volume, By Shrimp Extract, 2021-2031F |
6.1.6 Latvia Seafood Extracts Market Revenues & Volume, By Anchovy Extract, 2021-2031F |
6.1.7 Latvia Seafood Extracts Market Revenues & Volume, By Clam Extract, 2021-2031F |
6.2 Latvia Seafood Extracts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Seafood Extracts Market Revenues & Volume, By Food Industry, 2021-2031F |
6.2.3 Latvia Seafood Extracts Market Revenues & Volume, By Cosmetics Industry, 2021-2031F |
6.2.4 Latvia Seafood Extracts Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.2.5 Latvia Seafood Extracts Market Revenues & Volume, By Agriculture Industry, 2021-2031F |
7 Latvia Seafood Extracts Market Import-Export Trade Statistics |
7.1 Latvia Seafood Extracts Market Export to Major Countries |
7.2 Latvia Seafood Extracts Market Imports from Major Countries |
8 Latvia Seafood Extracts Market Key Performance Indicators |
8.1 Consumer interest and engagement with seafood extract products through online searches and social media interactions |
8.2 Number of new product launches incorporating seafood extracts in the Latvian market |
8.3 Growth in the number of partnerships and collaborations between seafood extract suppliers and manufacturers in Latvia |
9 Latvia Seafood Extracts Market - Opportunity Assessment |
9.1 Latvia Seafood Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Seafood Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Seafood Extracts Market - Competitive Landscape |
10.1 Latvia Seafood Extracts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Seafood Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |