| Product Code: ETC7912164 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to rely heavily on neighboring countries such as Lithuania, Estonia, and Poland for its glucosamine imports. Despite a high concentration of shipments, the market experienced a significant decline with a negative CAGR of -9.45% from 2020 to 2024. The growth rate in 2024 further decreased by -14.21%, indicating a challenging year for glucosamine imports in Latvia. It will be crucial for market players to closely monitor these trends and adapt their strategies to navigate the changing landscape effectively.

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 Glucosamine Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Glucosamine Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Glucosamine Market - Industry Life Cycle |
3.4 Latvia Glucosamine Market - Porter's Five Forces |
3.5 Latvia Glucosamine Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Glucosamine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Glucosamine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the benefits of glucosamine for joint health |
4.2.2 Growing aging population leading to higher demand for joint health supplements |
4.2.3 Rise in sports and fitness activities driving the need for glucosamine products |
4.3 Market Restraints |
4.3.1 Intense competition from other joint health supplements |
4.3.2 Regulatory challenges in the supplement industry |
4.3.3 Economic fluctuations impacting consumer spending on health supplements |
5 Latvia Glucosamine Market Trends |
6 Latvia Glucosamine Market, By Types |
6.1 Latvia Glucosamine Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Glucosamine Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Latvia Glucosamine Market Revenues & Volume, By Glucosamine Sulfate, 2021- 2031F |
6.1.4 Latvia Glucosamine Market Revenues & Volume, By Glucosamine Hydrochloride, 2021- 2031F |
6.1.5 Latvia Glucosamine Market Revenues & Volume, By N-acetyl glucosamine, 2021- 2031F |
6.1.6 Latvia Glucosamine Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Glucosamine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Glucosamine Market Revenues & Volume, By Supplement, 2021- 2031F |
6.2.3 Latvia Glucosamine Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.2.4 Latvia Glucosamine Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Glucosamine Market Import-Export Trade Statistics |
7.1 Latvia Glucosamine Market Export to Major Countries |
7.2 Latvia Glucosamine Market Imports from Major Countries |
8 Latvia Glucosamine Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms related to joint health and glucosamine |
8.2 Number of new product launches in the glucosamine market |
8.3 Growth in the number of health and wellness stores stocking glucosamine products |
9 Latvia Glucosamine Market - Opportunity Assessment |
9.1 Latvia Glucosamine Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Glucosamine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Glucosamine Market - Competitive Landscape |
10.1 Latvia Glucosamine Market Revenue Share, By Companies, 2024 |
10.2 Latvia Glucosamine 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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