| Product Code: ETC7918791 | 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 |
In 2024, Latvia saw a significant rise in plant-based snack imports, with top exporters being Lithuania, Germany, Ukraine, Russia, and Hungary. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among these countries. With a remarkable compound annual growth rate (CAGR) of 17.39% from 2020 to 2024 and a growth rate of 16.11% from 2023 to 2024, the plant-based snack industry in Latvia is thriving and poised for continued expansion. This data highlights the growing demand for healthier snack options in the Latvian 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 Plant Based Snacks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Plant Based Snacks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Plant Based Snacks Market - Industry Life Cycle |
3.4 Latvia Plant Based Snacks Market - Porter's Five Forces |
3.5 Latvia Plant Based Snacks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Plant Based Snacks Market Revenues & Volume Share, By Flavor, 2021 & 2031F |
3.7 Latvia Plant Based Snacks Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Latvia Plant Based Snacks Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.9 Latvia Plant Based Snacks Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.10 Latvia Plant Based Snacks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Plant Based Snacks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness and preference for plant-based food products among consumers in Latvia |
4.2.2 Growing vegan and vegetarian population in Latvia driving demand for plant-based snacks |
4.2.3 Rising awareness about environmental sustainability and ethical food choices |
4.3 Market Restraints |
4.3.1 Limited availability of plant-based snack options in traditional retail channels in Latvia |
4.3.2 Higher price points of plant-based snacks compared to conventional snacks may hinder mass adoption |
5 Latvia Plant Based Snacks Market Trends |
6 Latvia Plant Based Snacks Market, By Types |
6.1 Latvia Plant Based Snacks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Plant Based Snacks Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Plant Based Snacks Market Revenues & Volume, By Meat Alternative Snacks, 2021- 2031F |
6.1.4 Latvia Plant Based Snacks Market Revenues & Volume, By Grain-Based Snacks, 2021- 2031F |
6.1.5 Latvia Plant Based Snacks Market Revenues & Volume, By Fruit and Nut Snacks, 2021- 2031F |
6.1.6 Latvia Plant Based Snacks Market Revenues & Volume, By Plant-Based Snack Bars, 2021- 2031F |
6.1.7 Latvia Plant Based Snacks Market Revenues & Volume, By Wafers, 2021- 2031F |
6.1.8 Latvia Plant Based Snacks Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Plant Based Snacks Market, By Flavor |
6.2.1 Overview and Analysis |
6.2.2 Latvia Plant Based Snacks Market Revenues & Volume, By Savoury, 2021- 2031F |
6.2.3 Latvia Plant Based Snacks Market Revenues & Volume, By Sweet, 2021- 2031F |
6.3 Latvia Plant Based Snacks Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Plant Based Snacks Market Revenues & Volume, By Pouches, 2021- 2031F |
6.3.3 Latvia Plant Based Snacks Market Revenues & Volume, By Wrappers, 2021- 2031F |
6.3.4 Latvia Plant Based Snacks Market Revenues & Volume, By Bags, 2021- 2031F |
6.3.5 Latvia Plant Based Snacks Market Revenues & Volume, By Tins, 2021- 2031F |
6.3.6 Latvia Plant Based Snacks Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Plant Based Snacks Market, By Source |
6.4.1 Overview and Analysis |
6.4.2 Latvia Plant Based Snacks Market Revenues & Volume, By Vegetables, 2021- 2031F |
6.4.3 Latvia Plant Based Snacks Market Revenues & Volume, By Fruits, 2021- 2031F |
6.4.4 Latvia Plant Based Snacks Market Revenues & Volume, By Cereal, 2021- 2031F |
6.4.5 Latvia Plant Based Snacks Market Revenues & Volume, By Tubers, 2021- 2031F |
6.4.6 Latvia Plant Based Snacks Market Revenues & Volume, By Others, 2021- 2031F |
6.5 Latvia Plant Based Snacks Market, By Category |
6.5.1 Overview and Analysis |
6.5.2 Latvia Plant Based Snacks Market Revenues & Volume, By Conventional, 2021- 2031F |
6.5.3 Latvia Plant Based Snacks Market Revenues & Volume, By Organic, 2021- 2031F |
6.6 Latvia Plant Based Snacks Market, By Distribution Channel |
6.6.1 Overview and Analysis |
6.6.2 Latvia Plant Based Snacks Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.6.3 Latvia Plant Based Snacks Market Revenues & Volume, By Mass Merchandisers Specialty Stores, 2021- 2031F |
6.6.4 Latvia Plant Based Snacks Market Revenues & Volume, By Online Retails, 2021- 2031F |
7 Latvia Plant Based Snacks Market Import-Export Trade Statistics |
7.1 Latvia Plant Based Snacks Market Export to Major Countries |
7.2 Latvia Plant Based Snacks Market Imports from Major Countries |
8 Latvia Plant Based Snacks Market Key Performance Indicators |
8.1 Percentage of consumers who actively seek out plant-based snacks in Latvia |
8.2 Number of new product launches in the plant-based snacks category in Latvia |
8.3 Growth in the number of specialty stores and online platforms offering plant-based snacks in Latvia |
9 Latvia Plant Based Snacks Market - Opportunity Assessment |
9.1 Latvia Plant Based Snacks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Plant Based Snacks Market Opportunity Assessment, By Flavor, 2021 & 2031F |
9.3 Latvia Plant Based Snacks Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Latvia Plant Based Snacks Market Opportunity Assessment, By Source, 2021 & 2031F |
9.5 Latvia Plant Based Snacks Market Opportunity Assessment, By Category, 2021 & 2031F |
9.6 Latvia Plant Based Snacks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Plant Based Snacks Market - Competitive Landscape |
10.1 Latvia Plant Based Snacks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Plant Based Snacks 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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