| Product Code: ETC5800032 | 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 |
The import shipments of sugar decorations and inclusions to Latvia in 2024 continued to see a high level of concentration, with the top exporting countries being Poland, Lithuania, Ukraine, Estonia, and Belgium. Despite a slight decrease in the Herfindahl-Hirschman Index (HHI) from very high concentration in 2023 to high concentration in 2024, the industry still remains dominated by these key players. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 4.07%, indicating steady growth in the market. The growth rate in 2024 showed a modest increase of 0.89% compared to the previous year, suggesting a stable trajectory for 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 Sugar Decorations & Inclusions Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Sugar Decorations & Inclusions Market - Industry Life Cycle |
3.4 Latvia Sugar Decorations & Inclusions Market - Porter's Five Forces |
3.5 Latvia Sugar Decorations & Inclusions Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Sugar Decorations & Inclusions Market Revenues & Volume Share, By Colorant, 2021 & 2031F |
4 Latvia Sugar Decorations & Inclusions Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for premium and customized bakery products |
4.2.2 Growing trend of home baking and DIY projects |
4.2.3 Rise in disposable income leading to higher spending on specialty food items |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as sugar, food coloring, and edible decorations |
4.3.2 Stringent regulations related to food safety and labeling requirements |
4.3.3 Competition from substitute products like ready-made bakery items |
5 Latvia Sugar Decorations & Inclusions Market Trends |
6 Latvia Sugar Decorations & Inclusions Market Segmentations |
6.1 Latvia Sugar Decorations & Inclusions Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Jimmies, 2021-2031F |
6.1.3 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Quins, 2021-2031F |
6.1.4 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Dragees, 2021-2031F |
6.1.5 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Nonpareils, 2021-2031F |
6.1.6 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Caramel inclusions, 2021-2031F |
6.1.7 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Sanding & course sugar, 2021-2031F |
6.2 Latvia Sugar Decorations & Inclusions Market, By Colorant |
6.2.1 Overview and Analysis |
6.2.2 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Natural , 2021-2031F |
6.2.3 Latvia Sugar Decorations & Inclusions Market Revenues & Volume, By Artificial, 2021-2031F |
7 Latvia Sugar Decorations & Inclusions Market Import-Export Trade Statistics |
7.1 Latvia Sugar Decorations & Inclusions Market Export to Major Countries |
7.2 Latvia Sugar Decorations & Inclusions Market Imports from Major Countries |
8 Latvia Sugar Decorations & Inclusions Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms for baking and confectionery trends |
8.2 Number of new product launches and innovations in the sugar decorations inclusions market |
8.3 Participation and attendance at baking and confectionery trade shows and events |
8.4 Percentage of households engaging in baking and confectionery activities at home |
8.5 Adoption rate of premium and artisanal bakery products in the market |
9 Latvia Sugar Decorations & Inclusions Market - Opportunity Assessment |
9.1 Latvia Sugar Decorations & Inclusions Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Sugar Decorations & Inclusions Market Opportunity Assessment, By Colorant, 2021 & 2031F |
10 Latvia Sugar Decorations & Inclusions Market - Competitive Landscape |
10.1 Latvia Sugar Decorations & Inclusions Market Revenue Share, By Companies, 2024 |
10.2 Latvia Sugar Decorations & Inclusions Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |