| Product Code: ETC7915971 | 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 |
Latvia`s import of monosodium glutamate (MSG) in 2024 saw a shift in the top exporting countries, with Germany, Metropolitan France, Netherlands, China, and Estonia leading the pack. Despite a high Herfindahl-Hirschman Index (HHI) concentration in 2023, the market remained competitive in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 42.76%, although there was a slight decline in growth rate from 2023 to 2024 at -41.54%. This indicates a dynamic and evolving market for MSG imports in Latvia.

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 Monosodium Glutamate (MSG) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Monosodium Glutamate (MSG) Market - Industry Life Cycle |
3.4 Latvia Monosodium Glutamate (MSG) Market - Porter's Five Forces |
3.5 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Monosodium Glutamate (MSG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits and usage of monosodium glutamate (MSG) in cooking |
4.2.2 Growing demand for processed and convenience foods in Latvia |
4.2.3 Rising popularity of Asian cuisine in Latvia |
4.3 Market Restraints |
4.3.1 Negative perceptions and misconceptions about the health effects of MSG |
4.3.2 Regulatory restrictions and guidelines related to the use of MSG in food products |
4.3.3 Fluctuating prices of raw materials used in the production of MSG |
5 Latvia Monosodium Glutamate (MSG) Market Trends |
6 Latvia Monosodium Glutamate (MSG) Market, By Types |
6.1 Latvia Monosodium Glutamate (MSG) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Additives, 2021- 2031F |
6.1.4 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Preservatives, 2021- 2031F |
6.1.5 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Flavor Enhancers, 2021- 2031F |
6.1.6 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Acidity Regulators, 2021- 2031F |
6.1.7 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Monosodium Glutamate (MSG) Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Food Processing, 2021- 2031F |
6.2.3 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Medical & Pharmaceutical, 2021- 2031F |
6.2.4 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Livestock, 2021- 2031F |
6.2.5 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Personal Care & Cosmetics, 2021- 2031F |
6.2.6 Latvia Monosodium Glutamate (MSG) Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Monosodium Glutamate (MSG) Market Import-Export Trade Statistics |
7.1 Latvia Monosodium Glutamate (MSG) Market Export to Major Countries |
7.2 Latvia Monosodium Glutamate (MSG) Market Imports from Major Countries |
8 Latvia Monosodium Glutamate (MSG) Market Key Performance Indicators |
8.1 Consumer sentiment towards MSG consumption |
8.2 Number of new product launches containing MSG in the Latvian market |
8.3 Percentage of restaurants offering dishes with MSG as an ingredient |
9 Latvia Monosodium Glutamate (MSG) Market - Opportunity Assessment |
9.1 Latvia Monosodium Glutamate (MSG) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Monosodium Glutamate (MSG) Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Monosodium Glutamate (MSG) Market - Competitive Landscape |
10.1 Latvia Monosodium Glutamate (MSG) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Monosodium Glutamate (MSG) 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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