| Product Code: ETC4767838 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia continued to rely on albumin imports from key European countries such as Belgium, Lithuania, Germany, UK, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. Despite the overall compound annual growth rate (CAGR) of 3.26% from 2020 to 2024, there was a significant decline in growth rate from 2023 to 2024 at -90.0%. This suggests a potential shift or disruption in the albumin import market dynamics that businesses should monitor closely for strategic decision-making.
3 Latvia Albumin Market Overview  | 
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  | 
3.1 Latvia Country Macro Economic Indicators  | 
3.2 Latvia Albumin Market Revenues & Volume, 2021 & 2031F  | 
3.3 Latvia Albumin Market - Industry Life Cycle  | 
3.4 Latvia Albumin Market - Porter's Five Forces  | 
3.5 Latvia Albumin Market Revenues & Volume Share, By Product, 2021 & 2031F  | 
3.6 Latvia Albumin Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
4 Latvia Albumin Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Growing awareness about the benefits of albumin in medical and non-medical applications  | 
4.2.2 Increasing demand for albumin in pharmaceutical and biotechnology industries  | 
4.2.3 Technological advancements in albumin extraction and purification processes  | 
4.3 Market Restraints  | 
4.3.1 Fluctuating prices of raw materials used in albumin production  | 
4.3.2 Stringent regulatory requirements for albumin manufacturing and distribution  | 
4.3.3 Competition from alternative products in the protein market  | 
5 Latvia Albumin Market Trends  | 
6 Latvia Albumin Market Segmentations  | 
6.1 Latvia Albumin Market, By Product  | 
6.1.1 Overview and Analysis  | 
6.1.2 Latvia Albumin Market Revenues & Volume, By Human Serum Albumin, 2021-2031F  | 
6.1.3 Latvia Albumin Market Revenues & Volume, By Bovine Serum Albumin, 2021-2031F  | 
6.1.4 Latvia Albumin Market Revenues & Volume, By Recombinant Albumin, 2021-2031F  | 
6.2 Latvia Albumin Market, By Application  | 
6.2.1 Overview and Analysis  | 
6.2.2 Latvia Albumin Market Revenues & Volume, By Therapeutics, 2021-2031F  | 
6.2.3 Latvia Albumin Market Revenues & Volume, By Drug Formulation & Vaccine, 2021-2031F  | 
6.2.4 Latvia Albumin Market Revenues & Volume, By Component of Media, 2021-2031F  | 
6.2.5 Latvia Albumin Market Revenues & Volume, By Other Applications, 2021-2031F  | 
7 Latvia Albumin Market Import-Export Trade Statistics  | 
7.1 Latvia Albumin Market Export to Major Countries  | 
7.2 Latvia Albumin Market Imports from Major Countries  | 
8 Latvia Albumin Market Key Performance Indicators  | 
8.1 Research and development investment in albumin-based products  | 
8.2 Number of patents filed for albumin-related technologies  | 
8.3 Percentage of albumin purity achieved in production processes  | 
9 Latvia Albumin Market - Opportunity Assessment  | 
9.1 Latvia Albumin Market Opportunity Assessment, By Product, 2021 & 2031F  | 
9.2 Latvia Albumin Market Opportunity Assessment, By Application, 2021 & 2031F  | 
10 Latvia Albumin Market - Competitive Landscape  | 
10.1 Latvia Albumin Market Revenue Share, By Companies, 2024  | 
10.2 Latvia Albumin Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 13 Disclaimer  |