| Product Code: ETC7913308 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The infant formula import market in Latvia continued to show strong growth in 2024, with Lithuania, Netherlands, Poland, Ireland, and Sweden emerging as the top exporting countries. The market concentration, as measured by the HHI, remained high, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.37%, with a growth rate of 3.78% from 2023 to 2024, highlighting sustained demand and market stability in the infant formula sector.

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 Infant Formula Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Infant Formula Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Infant Formula Market - Industry Life Cycle |
3.4 Latvia Infant Formula Market - Porter's Five Forces |
3.5 Latvia Infant Formula Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Infant Formula Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.7 Latvia Infant Formula Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Infant Formula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Infant Formula Market Trends |
6 Latvia Infant Formula Market, By Types |
6.1 Latvia Infant Formula Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Infant Formula Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Infant Formula Market Revenues & Volume, By Infant Milk, 2021- 2031F |
6.1.4 Latvia Infant Formula Market Revenues & Volume, By Follow on Milk, 2021- 2031F |
6.1.5 Latvia Infant Formula Market Revenues & Volume, By Specialty Baby Milk, 2021- 2031F |
6.1.6 Latvia Infant Formula Market Revenues & Volume, By Growing-up Milk, 2021- 2031F |
6.2 Latvia Infant Formula Market, By Ingredient |
6.2.1 Overview and Analysis |
6.2.2 Latvia Infant Formula Market Revenues & Volume, By Carbohydrate, 2021- 2031F |
6.2.3 Latvia Infant Formula Market Revenues & Volume, By Fat, 2021- 2031F |
6.2.4 Latvia Infant Formula Market Revenues & Volume, By Protein, 2021- 2031F |
6.2.5 Latvia Infant Formula Market Revenues & Volume, By Minerals, 2021- 2031F |
6.2.6 Latvia Infant Formula Market Revenues & Volume, By Vitamins, 2021- 2031F |
6.2.7 Latvia Infant Formula Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Infant Formula Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Infant Formula Market Revenues & Volume, By Online, 2021- 2031F |
6.3.3 Latvia Infant Formula Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Infant Formula Market Import-Export Trade Statistics |
7.1 Latvia Infant Formula Market Export to Major Countries |
7.2 Latvia Infant Formula Market Imports from Major Countries |
8 Latvia Infant Formula Market Key Performance Indicators |
9 Latvia Infant Formula Market - Opportunity Assessment |
9.1 Latvia Infant Formula Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Infant Formula Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.3 Latvia Infant Formula Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Infant Formula Market - Competitive Landscape |
10.1 Latvia Infant Formula Market Revenue Share, By Companies, 2024 |
10.2 Latvia Infant Formula 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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