Latvia Thyme Extract Market (2025-2031) | Share, Forecast, Revenue, Segmentation, Analysis, Growth, Companies, Outlook, Trends, Size, Industry & Value

Name: Latvia Thyme Extract Market (2025-2031) | Size & Trends
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Thyme Extract Market, Latvia Thyme Extract Market, Latvia Thyme Extract Market Revenues, Latvia Thyme Extract Market Share, Latvia Thyme Extract Market Size, Latvia Thyme Extract Market Outlook, Latvia Thyme Extract Market Report, Latvia Thyme Extract Market Competition, Latvia Thyme Extract Market Overview, Latvia Thyme Extract Market Trends, Latvia Thyme Extract Market Forecast

Market Forecast By Nature (Conventional, Organic), By Application (Cosmetics And Personal Care, Pharmaceutical, Food And Beverages) And Competitive Landscape

Product Code: ETC5326172	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

Latvia Thyme Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia continues to see a strong flow of thyme extract imports, with top exporters including Spain, Netherlands, UK, Germany, and Poland in 2024. Despite the high concentration of Herfindahl-Hirschman Index (HHI), indicating market dominance, the industry experienced a significant decline in compound annual growth rate (CAGR) from 2020 to 2024 at -25.11%. However, there was a remarkable surge in growth rate from 2023 to 2024, reaching an impressive 472.3%. These trends suggest a dynamic market landscape with potential opportunities for both local demand and international trade in thyme extract.

Latvia Thyme Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Thyme Extract Market Outlook
Market Size of Latvia Thyme Extract Market, 2024
Forecast of Latvia Thyme Extract Market, 2031
Historical Data and Forecast of Latvia Thyme Extract Revenues & Volume for the Period 2021-2031
Latvia Thyme Extract Market Trend Evolution
Latvia Thyme Extract Market Drivers and Challenges
Latvia Thyme Extract Price Trends
Latvia Thyme Extract Porter`s Five Forces
Latvia Thyme Extract Industry Life Cycle
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Nature for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Conventional for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Organic for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Cosmetics And Personal Care for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
Historical Data and Forecast of Latvia Thyme Extract Market Revenues & Volume By Food And Beverages for the Period 2021-2031
Latvia Thyme Extract Import Export Trade Statistics
Market Opportunity Assessment By Nature
Market Opportunity Assessment By Application
Latvia Thyme Extract Top Companies Market Share
Latvia Thyme Extract Competitive Benchmarking By Technical and Operational Parameters
Latvia Thyme Extract Company Profiles
Latvia Thyme Extract Key Strategic Recommendations

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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 Thyme Extract Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Thyme Extract Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Thyme Extract Market - Industry Life Cycle

3.4 Latvia Thyme Extract Market - Porter's Five Forces

3.5 Latvia Thyme Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F

3.6 Latvia Thyme Extract Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Thyme Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing consumer awareness about the health benefits of thyme extract

4.2.2 Increasing demand for natural and organic ingredients in food and cosmetic products

4.2.3 Rising adoption of herbal remedies and supplements for health and wellness

4.3 Market Restraints

4.3.1 Seasonal variability in thyme production impacting supply chain stability

4.3.2 Regulatory challenges related to the cultivation and extraction of thyme

4.3.3 Intense competition from other herbal extracts and alternative natural ingredients

5 Latvia Thyme Extract Market Trends

6 Latvia Thyme Extract Market Segmentations

6.1 Latvia Thyme Extract Market, By Nature

6.1.1 Overview and Analysis

6.1.2 Latvia Thyme Extract Market Revenues & Volume, By Conventional, 2021-2031F

6.1.3 Latvia Thyme Extract Market Revenues & Volume, By Organic, 2021-2031F

6.2 Latvia Thyme Extract Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Thyme Extract Market Revenues & Volume, By Cosmetics And Personal Care, 2021-2031F

6.2.3 Latvia Thyme Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F

6.2.4 Latvia Thyme Extract Market Revenues & Volume, By Food And Beverages, 2021-2031F

7 Latvia Thyme Extract Market Import-Export Trade Statistics

7.1 Latvia Thyme Extract Market Export to Major Countries

7.2 Latvia Thyme Extract Market Imports from Major Countries

8 Latvia Thyme Extract Market Key Performance Indicators

8.1 Percentage of food and cosmetic companies incorporating thyme extract in their products

8.2 Number of research studies highlighting the health benefits of thyme extract

8.3 Consumer survey results indicating preferences for products containing thyme extract

9 Latvia Thyme Extract Market - Opportunity Assessment

9.1 Latvia Thyme Extract Market Opportunity Assessment, By Nature, 2021 & 2031F

9.2 Latvia Thyme Extract Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Thyme Extract Market - Competitive Landscape

10.1 Latvia Thyme Extract Market Revenue Share, By Companies, 2024

10.2 Latvia Thyme Extract Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Thyme Extract Market

Asia Pacific Thyme Extract Market

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Export potential assessment - trade Analytics for 2030

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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