| Product Code: ETC10898293 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The import shipments of tamarind extract into Latvia in 2024 continued to show strong growth, with top exporting countries including Germany, Spain, Italy, Lithuania, and the UAE. The market remained highly concentrated, as indicated by the high HHI value. The impressive compound annual growth rate (CAGR) of 101.67% from 2020 to 2024 highlights the increasing demand for tamarind extract in Latvia. Moreover, the remarkable growth rate of 162.47% in 2024 signifies a surge in import volumes, suggesting a thriving market for tamarind extract in the country.

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 Tamarind Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Tamarind Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Tamarind Extract Market - Industry Life Cycle |
3.4 Latvia Tamarind Extract Market - Porter's Five Forces |
3.5 Latvia Tamarind Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Tamarind Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Latvia Tamarind Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Latvia Tamarind Extract Market Revenues & Volume Share, By Active Component, 2021 & 2031F |
3.9 Latvia Tamarind Extract Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Tamarind Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of tamarind extract |
4.2.2 Growing demand for natural and organic ingredients in food and beverage industry |
4.2.3 Rising popularity of tamarind extract in cosmetics and personal care products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw tamarind due to weather conditions and supply chain disruptions |
4.3.2 Regulatory challenges related to sourcing and processing of tamarind extract |
4.3.3 Competition from substitute products in the market |
5 Latvia Tamarind Extract Market Trends |
6 Latvia Tamarind Extract Market, By Types |
6.1 Latvia Tamarind Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Tamarind Extract Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Latvia Tamarind Extract Market Revenues & Volume, By Liquid Extract, 2021 - 2031F |
6.1.4 Latvia Tamarind Extract Market Revenues & Volume, By Powder Extract, 2021 - 2031F |
6.1.5 Latvia Tamarind Extract Market Revenues & Volume, By Paste Extract, 2021 - 2031F |
6.2 Latvia Tamarind Extract Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Tamarind Extract Market Revenues & Volume, By Beverages, 2021 - 2031F |
6.2.3 Latvia Tamarind Extract Market Revenues & Volume, By Food Processing, 2021 - 2031F |
6.2.4 Latvia Tamarind Extract Market Revenues & Volume, By Pharmaceuticals, 2021 - 2031F |
6.3 Latvia Tamarind Extract Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Tamarind Extract Market Revenues & Volume, By Liquid, 2021 - 2031F |
6.3.3 Latvia Tamarind Extract Market Revenues & Volume, By Powder, 2021 - 2031F |
6.3.4 Latvia Tamarind Extract Market Revenues & Volume, By Paste, 2021 - 2031F |
6.4 Latvia Tamarind Extract Market, By Active Component |
6.4.1 Overview and Analysis |
6.4.2 Latvia Tamarind Extract Market Revenues & Volume, By Tartaric Acid, 2021 - 2031F |
6.4.3 Latvia Tamarind Extract Market Revenues & Volume, By Polyphenols, 2021 - 2031F |
6.4.4 Latvia Tamarind Extract Market Revenues & Volume, By Antioxidants, 2021 - 2031F |
6.5 Latvia Tamarind Extract Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Latvia Tamarind Extract Market Revenues & Volume, By Soft Drinks, 2021 - 2031F |
6.5.3 Latvia Tamarind Extract Market Revenues & Volume, By Confectionery, 2021 - 2031F |
6.5.4 Latvia Tamarind Extract Market Revenues & Volume, By Herbal Medicine, 2021 - 2031F |
7 Latvia Tamarind Extract Market Import-Export Trade Statistics |
7.1 Latvia Tamarind Extract Market Export to Major Countries |
7.2 Latvia Tamarind Extract Market Imports from Major Countries |
8 Latvia Tamarind Extract Market Key Performance Indicators |
8.1 Number of new product launches containing tamarind extract |
8.2 Growth in the number of tamarind extract suppliers and manufacturers |
8.3 Increase in research and development investments in tamarind extract applications |
9 Latvia Tamarind Extract Market - Opportunity Assessment |
9.1 Latvia Tamarind Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Tamarind Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Latvia Tamarind Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Latvia Tamarind Extract Market Opportunity Assessment, By Active Component, 2021 & 2031F |
9.5 Latvia Tamarind Extract Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Tamarind Extract Market - Competitive Landscape |
10.1 Latvia Tamarind Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Tamarind Extract 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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