| Product Code: ETC7922007 | 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 rely on neighboring countries such as Lithuania, Poland, and Estonia for soup imports, with Croatia and Germany also playing significant roles. Despite a modest Compound Annual Growth Rate (CAGR) of 1.47% from 2020 to 2024, the market experienced a notable decline in growth rate from 2023 to 2024 at -12.99%. The high concentration of import shipments, as indicated by the Herfindahl-Hirschman Index (HHI), suggests a market dominated by a few key players, potentially impacting competition and pricing dynamics within the industry.

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 Soup Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Soup Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Soup Market - Industry Life Cycle |
3.4 Latvia Soup Market - Porter's Five Forces |
3.5 Latvia Soup Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.6 Latvia Soup Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Soup Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.8 Latvia Soup Market Revenues & Volume Share, By Distribution Channels, 2021 & 2031F |
4 Latvia Soup Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a higher demand for nutritious and organic soups. |
4.2.2 Busy lifestyles and growing preference for convenience foods driving the demand for ready-to-eat soup products. |
4.2.3 Rising disposable incomes enabling consumers to opt for premium and gourmet soup variants. |
4.3 Market Restraints |
4.3.1 Seasonality affecting the demand for soup products, with higher consumption during colder months. |
4.3.2 Price volatility of key ingredients impacting production costs and pricing strategies. |
4.3.3 Intense competition from substitute products like instant noodles and fast food options. |
5 Latvia Soup Market Trends |
6 Latvia Soup Market, By Types |
6.1 Latvia Soup Market, By Category |
6.1.1 Overview and Analysis |
6.1.2 Latvia Soup Market Revenues & Volume, By Category, 2021- 2031F |
6.1.3 Latvia Soup Market Revenues & Volume, By Vegetarian Soup, 2021- 2031F |
6.1.4 Latvia Soup Market Revenues & Volume, By Non-Vegetarian Soup, 2021- 2031F |
6.2 Latvia Soup Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Soup Market Revenues & Volume, By Dehydrated, 2021- 2031F |
6.2.3 Latvia Soup Market Revenues & Volume, By Instant, 2021- 2031F |
6.2.4 Latvia Soup Market Revenues & Volume, By Canned/Preserved, 2021- 2031F |
6.2.5 Latvia Soup Market Revenues & Volume, By Chilled, 2021- 2031F |
6.2.6 Latvia Soup Market Revenues & Volume, By Frozen, 2021- 2031F |
6.2.7 Latvia Soup Market Revenues & Volume, By UHT, 2021- 2031F |
6.3 Latvia Soup Market, By Packaging |
6.3.1 Overview and Analysis |
6.3.2 Latvia Soup Market Revenues & Volume, By Canned, 2021- 2031F |
6.3.3 Latvia Soup Market Revenues & Volume, By Pouch, 2021- 2031F |
6.3.4 Latvia Soup Market Revenues & Volume, By Other, 2021- 2031F |
6.4 Latvia Soup Market, By Distribution Channels |
6.4.1 Overview and Analysis |
6.4.2 Latvia Soup Market Revenues & Volume, By Supermarket/Hypermarkets, 2021- 2031F |
6.4.3 Latvia Soup Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.4.4 Latvia Soup Market Revenues & Volume, By Online Retail Stores, 2021- 2031F |
6.4.5 Latvia Soup Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Soup Market Import-Export Trade Statistics |
7.1 Latvia Soup Market Export to Major Countries |
7.2 Latvia Soup Market Imports from Major Countries |
8 Latvia Soup Market Key Performance Indicators |
8.1 Consumer engagement metrics such as website visits, social media interactions, and online reviews indicating interest and demand. |
8.2 Number of new product launches and innovations within the soup market showcasing industry growth and evolution. |
8.3 Sustainability metrics like packaging recyclability rates and carbon footprint reduction initiatives highlighting environmental responsibility and consumer trust. |
9 Latvia Soup Market - Opportunity Assessment |
9.1 Latvia Soup Market Opportunity Assessment, By Category, 2021 & 2031F |
9.2 Latvia Soup Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Soup Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.4 Latvia Soup Market Opportunity Assessment, By Distribution Channels, 2021 & 2031F |
10 Latvia Soup Market - Competitive Landscape |
10.1 Latvia Soup Market Revenue Share, By Companies, 2024 |
10.2 Latvia Soup Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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