| Product Code: ETC5717971 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to import squalene primarily from Finland, Lithuania, Germany, Spain, and the UK. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for squalene imports in Latvia. Despite a slight overall decline in the compound annual growth rate (CAGR) from 2020 to 2024, there was a modest growth rate observed in 2024. This suggests a stable but potentially competitive market for squalene imports in Latvia, with key suppliers maintaining their positions in the market.

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 Squalene Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Squalene Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Squalene Market - Industry Life Cycle |
3.4 Latvia Squalene Market - Porter's Five Forces |
3.5 Latvia Squalene Market Revenues & Volume Share, By Source Type, 2021 & 2031F | 3.6 Latvia Squalene Market Revenues & Volume Share, By Vegetable Source, 2021 & 2031F |
3.7 Latvia Squalene Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Latvia Squalene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and sustainable skincare products |
4.2.2 Growing awareness about the health benefits of squalene in cosmetics and pharmaceuticals |
4.2.3 Rising disposable income leading to higher spending on premium skincare products |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting production costs |
4.3.2 Stringent government regulations and quality standards for squalene production |
4.3.3 Competition from synthetic alternatives impacting market growth |
5 Latvia Squalene Market Trends |
6 Latvia Squalene Market Segmentations |
6.1 Latvia Squalene Market, By Source Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Squalene Market Revenues & Volume, By Animal-sourced squalene, 2021-2031F | 6.1.4 Latvia Squalene Market Revenues & Volume, By Vegetable-sourced squalene, 2021-2031F |
6.1.4 Latvia Squalene Market Revenues & Volume, By Biosynthetic squalene, 2021-2031F | 6.2 Latvia Squalene Market, By Vegetable Source |
6.2.1 Overview and Analysis |
6.2.2 Latvia Squalene Market Revenues & Volume, By Olive Oil, 2021-2031F |
6.2.3 Latvia Squalene Market Revenues & Volume, By Palm Oil, 2021-2031F |
6.2.4 Latvia Squalene Market Revenues & Volume, By Amaranth Oil, 2021-2031F |
6.3 Latvia Squalene Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 Latvia Squalene Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.3 Latvia Squalene Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Latvia Squalene Market Revenues & Volume, By Food, 2021-2031F |
6.3.5 Latvia Squalene Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Squalene Market Import-Export Trade Statistics |
7.1 Latvia Squalene Market Export to Major Countries |
7.2 Latvia Squalene Market Imports from Major Countries |
8 Latvia Squalene Market Key Performance Indicators |
8.1 Number of new product launches containing squalene |
8.2 Percentage of market share held by squalene-based products in the skincare industry |
8.3 Sales growth of squalene in the pharmaceutical sector |
8.4 Number of research studies validating the efficacy of squalene in skincare and healthcare applications |
8.5 Consumer awareness and perception towards squalene as a key ingredient in premium products |
9 Latvia Squalene Market - Opportunity Assessment |
9.1 Latvia Squalene Market Opportunity Assessment, By Source Type, 2021 & 2031F | 9.2 Latvia Squalene Market Opportunity Assessment, By Vegetable Source, 2021 & 2031F |
9.3 Latvia Squalene Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Latvia Squalene Market - Competitive Landscape |
10.1 Latvia Squalene Market Revenue Share, By Companies, 2024 |
10.2 Latvia Squalene 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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