| Product Code: ETC7912391 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw a significant rise in gummy imports, with top countries like Lithuania, Spain, and Germany leading the way. The market concentration, as measured by the HHI, remained moderate, indicating a competitive landscape. The impressive compound annual growth rate (CAGR) of 21.14% from 2020 to 2024 reflects a strong demand for gummy products in Latvia. Furthermore, the growth rate of 4.78% from 2023 to 2024 suggests continued expansion and opportunities for both domestic and international suppliers in the Latvian gummy market.

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 Gummy Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Gummy Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Gummy Market - Industry Life Cycle |
3.4 Latvia Gummy Market - Porter's Five Forces |
3.5 Latvia Gummy Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Latvia Gummy Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.7 Latvia Gummy Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
3.8 Latvia Gummy Market Revenues & Volume Share, By Functionality, 2021 & 2031F |
3.9 Latvia Gummy Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Gummy Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Gummy Market Trends |
6 Latvia Gummy Market, By Types |
6.1 Latvia Gummy Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Latvia Gummy Market Revenues & Volume, By Source, 2021- 2031F |
6.1.3 Latvia Gummy Market Revenues & Volume, By Plant-based, 2021- 2031F |
6.1.4 Latvia Gummy Market Revenues & Volume, By Animal-based, 2021- 2031F |
6.2 Latvia Gummy Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Latvia Gummy Market Revenues & Volume, By Children, 2021- 2031F |
6.2.3 Latvia Gummy Market Revenues & Volume, By Zillenials, 2021- 2031F |
6.2.4 Latvia Gummy Market Revenues & Volume, By Millenials, 2021- 2031F |
6.2.5 Latvia Gummy Market Revenues & Volume, By Adults, 2021- 2031F |
6.3 Latvia Gummy Market, By Flavor |
6.3.1 Overview and Analysis |
6.3.2 Latvia Gummy Market Revenues & Volume, By Citrus, 2021- 2031F |
6.3.3 Latvia Gummy Market Revenues & Volume, By Berries, 2021- 2031F |
6.3.4 Latvia Gummy Market Revenues & Volume, By Tropical Fruit, 2021- 2031F |
6.3.5 Latvia Gummy Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Gummy Market, By Functionality |
6.4.1 Overview and Analysis |
6.4.2 Latvia Gummy Market Revenues & Volume, By VDS, 2021- 2031F |
6.4.3 Latvia Gummy Market Revenues & Volume, By Healthy Weight, 2021- 2031F |
6.4.4 Latvia Gummy Market Revenues & Volume, By Sports Nutrition, 2021- 2031F |
6.4.5 Latvia Gummy Market Revenues & Volume, By Brain Health, 2021- 2031F |
6.4.6 Latvia Gummy Market Revenues & Volume, By Immunity, 2021- 2031F |
6.4.7 Latvia Gummy Market Revenues & Volume, By Better Sleep, 2021- 2031F |
6.5 Latvia Gummy Market, By Sales Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Gummy Market Revenues & Volume, By Hypermarkets/ Supermarkets, 2021- 2031F |
6.5.3 Latvia Gummy Market Revenues & Volume, By Departmental Stores, 2021- 2031F |
6.5.4 Latvia Gummy Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.5.5 Latvia Gummy Market Revenues & Volume, By Drug & Specialty Stores, 2021- 2031F |
6.5.6 Latvia Gummy Market Revenues & Volume, By Online Retail, 2021- 2031F |
6.5.7 Latvia Gummy Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Gummy Market Import-Export Trade Statistics |
7.1 Latvia Gummy Market Export to Major Countries |
7.2 Latvia Gummy Market Imports from Major Countries |
8 Latvia Gummy Market Key Performance Indicators |
9 Latvia Gummy Market - Opportunity Assessment |
9.1 Latvia Gummy Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Latvia Gummy Market Opportunity Assessment, By End User, 2021 & 2031F |
9.3 Latvia Gummy Market Opportunity Assessment, By Flavor, 2021 & 2031F |
9.4 Latvia Gummy Market Opportunity Assessment, By Functionality, 2021 & 2031F |
9.5 Latvia Gummy Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Gummy Market - Competitive Landscape |
10.1 Latvia Gummy Market Revenue Share, By Companies, 2024 |
10.2 Latvia Gummy 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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