| Product Code: ETC5002849 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s vegetable extracts import market in 2024 saw a steady rise in shipments, with key exporting countries including Poland, Lithuania, China, Metropolitan France, and Sweden. The market remained moderately concentrated with a low Herfindahl-Hirschman Index (HHI) in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 11.26%, indicating a strong upward trend. Furthermore, the growth rate from 2023 to 2024 accelerated to 11.64%, showcasing a robust expansion in import activities for vegetable extracts in Latvia.

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 Vegetable Extracts Market Overview |
3.1 Latvia Country Macro Economic Indicators | 3.2 Latvia Vegetable Extracts Market Revenues & Volume, 2021 & 2031F | 3.3 Latvia Vegetable Extracts Market - Industry Life Cycle | 3.4 Latvia Vegetable Extracts Market - Porter's Five Forces | 3.5 Latvia Vegetable Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F | 3.6 Latvia Vegetable Extracts Market Revenues & Volume Share, By Product Type, 2021 & 2031F | 3.7 Latvia Vegetable Extracts Market Revenues & Volume Share, By Extraction Method, 2021 & 2031F | 3.8 Latvia Vegetable Extracts Market Revenues & Volume Share, By End Use, 2021 & 2031F | 4 Latvia Vegetable Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of vegetable extracts |
4.2.2 Growing demand for natural and organic food ingredients |
4.2.3 Rising trend of plant-based diets |
4.3 Market Restraints |
4.3.1 Seasonal variations in vegetable production impacting availability of raw materials |
4.3.2 High production costs and limited processing facilities |
4.3.3 Lack of awareness about the benefits of vegetable extracts among certain consumer segments | 5 Latvia Vegetable Extracts Market Trends | 6 Latvia Vegetable Extracts Market, By Types | 6.1 Latvia Vegetable Extracts Market, By Form |
6.1.1 Overview and Analysis | 6.1.2 Latvia Vegetable Extracts Market Revenues & Volume, By Form, 2021-2031F | 6.1.3 Latvia Vegetable Extracts Market Revenues & Volume, By Dehydrated, 2021-2031F | 6.1.4 Latvia Vegetable Extracts Market Revenues & Volume, By Fluids & Paste, 2021-2031F | 6.2 Latvia Vegetable Extracts Market, By Product Type |
6.2.1 Overview and Analysis | 6.2.2 Latvia Vegetable Extracts Market Revenues & Volume, By Carrot, 2021-2031F | 6.2.3 Latvia Vegetable Extracts Market Revenues & Volume, By Onions, 2021-2031F | 6.2.4 Latvia Vegetable Extracts Market Revenues & Volume, By Potatoes, 2021-2031F | 6.2.5 Latvia Vegetable Extracts Market Revenues & Volume, By Broccoli, 2021-2031F | 6.2.6 Latvia Vegetable Extracts Market Revenues & Volume, By Beans, 2021-2031F | 6.2.7 Latvia Vegetable Extracts Market Revenues & Volume, By Peas, 2021-2031F | 6.2.8 Latvia Vegetable Extracts Market Revenues & Volume, By Other Types, 2021-2031F | 6.2.9 Latvia Vegetable Extracts Market Revenues & Volume, By Other Types, 2021-2031F | 6.3 Latvia Vegetable Extracts Market, By Extraction Method |
6.3.1 Overview and Analysis | 6.3.2 Latvia Vegetable Extracts Market Revenues & Volume, By Air Drying, 2021-2031F | 6.3.3 Latvia Vegetable Extracts Market Revenues & Volume, By Spray Drying, 2021-2031F | 6.3.4 Latvia Vegetable Extracts Market Revenues & Volume, By Freeze Drying, 2021-2031F | 6.3.5 Latvia Vegetable Extracts Market Revenues & Volume, By Drum Drying, 2021-2031F | 6.3.6 Latvia Vegetable Extracts Market Revenues & Volume, By Vacuum Drying, 2021-2031F | 6.4 Latvia Vegetable Extracts Market, By End Use |
6.4.1 Overview and Analysis | 6.4.2 Latvia Vegetable Extracts Market Revenues & Volume, By Food Manufacturers, 2021-2031F | 6.4.3 Latvia Vegetable Extracts Market Revenues & Volume, By Foodservice Industry, 2021-2031F | 6.4.4 Latvia Vegetable Extracts Market Revenues & Volume, By Retail, 2021-2031F | 7 Latvia Vegetable Extracts Market Import-Export Trade Statistics | 7.1 Latvia Vegetable Extracts Market Export to Major Countries | 7.2 Latvia Vegetable Extracts Market Imports from Major Countries | 8 Latvia Vegetable Extracts Market Key Performance Indicators | 9 Latvia Vegetable Extracts Market - Opportunity Assessment | 9.1 Latvia Vegetable Extracts Market Opportunity Assessment, By Form, 2021 & 2031F | 9.2 Latvia Vegetable Extracts Market Opportunity Assessment, By Product Type, 2021 & 2031F | 9.3 Latvia Vegetable Extracts Market Opportunity Assessment, By Extraction Method, 2021 & 2031F | 9.4 Latvia Vegetable Extracts Market Opportunity Assessment, By End Use, 2021 & 2031F | 10 Latvia Vegetable Extracts Market - Competitive Landscape | 10.1 Latvia Vegetable Extracts Market Revenue Share, By Companies, 2024 | 10.2 Latvia Vegetable Extracts 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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