| Product Code: ETC7921800 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see significant import shipments of sodium benzoate, with top exporting countries being Estonia, Netherlands, Lithuania, Germany, and Denmark. The market concentration, as measured by the HHI, remained high in 2024 after a very high concentration in 2023. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 8.42%, indicating a sustained upward trend. Additionally, the growth rate from 2023 to 2024 was strong at 7.93%, reflecting continued demand and market expansion in the sodium benzoate import sector in Latvia.

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 Sodium Benzoate Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sodium Benzoate Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sodium Benzoate Market - Industry Life Cycle |
3.4 Latvia Sodium Benzoate Market - Porter's Five Forces |
3.5 Latvia Sodium Benzoate Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Latvia Sodium Benzoate Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Sodium Benzoate Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Latvia Sodium Benzoate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for processed food and beverages |
4.2.2 Growing awareness about the benefits of sodium benzoate as a preservative |
4.2.3 Expansion of the food and beverage industry in Latvia |
4.3 Market Restraints |
4.3.1 Stringent regulations on the use of food preservatives |
4.3.2 Health concerns associated with the consumption of sodium benzoate |
4.3.3 Fluctuating prices of raw materials |
5 Latvia Sodium Benzoate Market Trends |
6 Latvia Sodium Benzoate Market, By Types |
6.1 Latvia Sodium Benzoate Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sodium Benzoate Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Latvia Sodium Benzoate Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Latvia Sodium Benzoate Market Revenues & Volume, By Granules, 2021- 2031F |
6.1.5 Latvia Sodium Benzoate Market Revenues & Volume, By Flakes, 2021- 2031F |
6.1.6 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Sodium Benzoate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sodium Benzoate Market Revenues & Volume, By Antifungal Agent, 2021- 2031F |
6.2.3 Latvia Sodium Benzoate Market Revenues & Volume, By Antimicrobial Agent, 2021- 2031F |
6.2.4 Latvia Sodium Benzoate Market Revenues & Volume, By Rust and Corrosion Inhibitor, 2021- 2031F |
6.2.5 Latvia Sodium Benzoate Market Revenues & Volume, By Preservative, 2021- 2031F |
6.2.6 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Sodium Benzoate Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Sodium Benzoate Market Revenues & Volume, By Food & Beverages, 2021- 2031F |
6.3.3 Latvia Sodium Benzoate Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.3.4 Latvia Sodium Benzoate Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.5 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Sodium Benzoate Market Import-Export Trade Statistics |
7.1 Latvia Sodium Benzoate Market Export to Major Countries |
7.2 Latvia Sodium Benzoate Market Imports from Major Countries |
8 Latvia Sodium Benzoate Market Key Performance Indicators |
8.1 Consumer acceptance and perception of the safety of sodium benzoate |
8.2 Adoption rate of sodium benzoate as a preservative in new food and beverage products |
8.3 Market penetration of sodium benzoate in different industry sectors |
9 Latvia Sodium Benzoate Market - Opportunity Assessment |
9.1 Latvia Sodium Benzoate Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Latvia Sodium Benzoate Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Sodium Benzoate Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Latvia Sodium Benzoate Market - Competitive Landscape |
10.1 Latvia Sodium Benzoate Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sodium Benzoate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |