| Product Code: ETC4706924 | 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 |
The flavored water import market in Latvia saw significant growth in 2024, with top exporters being Lithuania, Austria, Poland, Estonia, and Germany. The market showed a shift from moderate to low concentration, indicating a more diverse range of suppliers. The impressive compound annual growth rate (CAGR) of 20.71% from 2020 to 2024 and a growth rate of 12.54% from 2023 to 2024 suggest a strong demand for flavored water in Latvia. This data reflects a positive outlook for the market and presents opportunities for both domestic and international suppliers to capitalize on this growing trend.

Latvia's Flavored Water market is anticipated to experience a stable growth rate of 2.21% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Flavored Water Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Flavored Water Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Flavored Water Market - Industry Life Cycle |
3.4 Latvia Flavored Water Market - Porter's Five Forces |
3.5 Latvia Flavored Water Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Flavored Water Market Revenues & Volume Share, By Packaging type, 2021 & 2031F |
3.7 Latvia Flavored Water Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Flavored Water Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer focus on health and wellness leading to a preference for healthier beverage options |
4.2.2 Growing demand for flavored water as a refreshing alternative to sugary drinks |
4.2.3 Innovation in flavors and packaging by manufacturers to cater to changing consumer preferences |
4.3 Market Restraints |
4.3.1 Competition from other non-alcoholic beverage segments such as juices and energy drinks |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Regulatory challenges related to labeling requirements and quality standards |
5 Latvia Flavored Water Market Trends |
6 Latvia Flavored Water Market Segmentations |
6.1 Latvia Flavored Water Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Flavored Water Market Revenues & Volume, By Carbonated, 2021-2031F |
6.1.3 Latvia Flavored Water Market Revenues & Volume, By Still, 2021-2031F |
6.2 Latvia Flavored Water Market, By Packaging type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Flavored Water Market Revenues & Volume, By Bottles, 2021-2031F |
6.2.3 Latvia Flavored Water Market Revenues & Volume, By Cans, 2021-2031F |
6.2.4 Latvia Flavored Water Market Revenues & Volume, By others, 2021-2031F |
6.3 Latvia Flavored Water Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Flavored Water Market Revenues & Volume, By Store-Based, 2021-2031F |
6.3.3 Latvia Flavored Water Market Revenues & Volume, By Non-Store-Based, 2021-2031F |
7 Latvia Flavored Water Market Import-Export Trade Statistics |
7.1 Latvia Flavored Water Market Export to Major Countries |
7.2 Latvia Flavored Water Market Imports from Major Countries |
8 Latvia Flavored Water Market Key Performance Indicators |
8.1 Consumer awareness and perception of flavored water as a healthier option |
8.2 Rate of new product launches and flavor innovations in the market |
8.3 Growth in distribution channels for flavored water products |
9 Latvia Flavored Water Market - Opportunity Assessment |
9.1 Latvia Flavored Water Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Flavored Water Market Opportunity Assessment, By Packaging type, 2021 & 2031F |
9.3 Latvia Flavored Water Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Flavored Water Market - Competitive Landscape |
10.1 Latvia Flavored Water Market Revenue Share, By Companies, 2024 |
10.2 Latvia Flavored Water 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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