| Product Code: ETC7904601 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s aquafeed additives import market saw significant growth in 2024, with Spain, Estonia, Lithuania, USA, and Poland emerging as top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 28.01% from 2020 to 2024 highlights the increasing demand for aquafeed additives in Latvia. Additionally, the growth rate of 16.41% from 2023 to 2024 suggests a sustained momentum in the market, making it an attractive sector for further analysis and investment considerations.

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 Aquafeed Additives Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aquafeed Additives Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aquafeed Additives Market - Industry Life Cycle |
3.4 Latvia Aquafeed Additives Market - Porter's Five Forces |
3.5 Latvia Aquafeed Additives Market Revenues & Volume Share, By Species Type, 2021 & 2031F |
3.6 Latvia Aquafeed Additives Market Revenues & Volume Share, By Additives, 2021 & 2031F |
4 Latvia Aquafeed Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for high-quality seafood products |
4.2.2 Growing aquaculture industry in Latvia |
4.2.3 Favorable government regulations supporting aquafeed additives market growth |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Environmental concerns related to aquaculture practices |
4.3.3 Competition from alternative feed sources |
5 Latvia Aquafeed Additives Market Trends |
6 Latvia Aquafeed Additives Market, By Types |
6.1 Latvia Aquafeed Additives Market, By Species Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aquafeed Additives Market Revenues & Volume, By Species Type, 2021- 2031F |
6.1.3 Latvia Aquafeed Additives Market Revenues & Volume, By Fish, 2021- 2031F |
6.1.4 Latvia Aquafeed Additives Market Revenues & Volume, By Mollusks, 2021- 2031F |
6.1.5 Latvia Aquafeed Additives Market Revenues & Volume, By Crustaceans, 2021- 2031F |
6.1.6 Latvia Aquafeed Additives Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Aquafeed Additives Market, By Additives |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aquafeed Additives Market Revenues & Volume, By Vitamins, 2021- 2031F |
6.2.3 Latvia Aquafeed Additives Market Revenues & Volume, By Minerals, 2021- 2031F |
6.2.4 Latvia Aquafeed Additives Market Revenues & Volume, By Antioxidants, 2021- 2031F |
6.2.5 Latvia Aquafeed Additives Market Revenues & Volume, By Amino Acids, 2021- 2031F |
6.2.6 Latvia Aquafeed Additives Market Revenues & Volume, By Enzymes, 2021- 2031F |
6.2.7 Latvia Aquafeed Additives Market Revenues & Volume, By Acidifiers, 2021- 2031F |
7 Latvia Aquafeed Additives Market Import-Export Trade Statistics |
7.1 Latvia Aquafeed Additives Market Export to Major Countries |
7.2 Latvia Aquafeed Additives Market Imports from Major Countries |
8 Latvia Aquafeed Additives Market Key Performance Indicators |
8.1 Average selling price of aquafeed additives |
8.2 Adoption rate of innovative feed additives in the market |
8.3 Number of aquaculture farms using specialized feed additives |
8.4 Regulatory compliance rate for aquafeed additives usage |
8.5 Research and development investment in new additives for aquafeed industry |
9 Latvia Aquafeed Additives Market - Opportunity Assessment |
9.1 Latvia Aquafeed Additives Market Opportunity Assessment, By Species Type, 2021 & 2031F |
9.2 Latvia Aquafeed Additives Market Opportunity Assessment, By Additives, 2021 & 2031F |
10 Latvia Aquafeed Additives Market - Competitive Landscape |
10.1 Latvia Aquafeed Additives Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aquafeed Additives 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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