Latvia Sodium Benzoate Market (2025-2031) | Share, Analysis, Industry, Growth, Forecast, Value, Segmentation, Trends, Competitive Landscape, Outlook, Size & Revenue, Companies

Name: Latvia Sodium Benzoate Market (2025-2031) | Share & Analysis
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Sodium Benzoate Market, Latvia Sodium Benzoate Market, Latvia Sodium Benzoate Market Revenues, Latvia Sodium Benzoate Market Share, Latvia Sodium Benzoate Market Size, Latvia Sodium Benzoate Market Outlook, Latvia Sodium Benzoate Market Report, Latvia Sodium Benzoate Market Competition, Latvia Sodium Benzoate Market Overview, Latvia Sodium Benzoate Market Trends, Latvia Sodium Benzoate Market Forecast

Market Forecast By Form (Powder, Granules, Flakes, Others), By Application (Antifungal Agent, Antimicrobial Agent, Rust and Corrosion Inhibitor, Preservative, Others), By End-User (Food & Beverages, Cosmetics, Pharmaceuticals, Others) And Competitive Landscape

Product Code: ETC7921800	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 Sodium Benzoate Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to see significant import shipments of sodium benzoate, with top exporting countries being Estonia, Netherlands, Lithuania, Germany, and Denmark. The market concentration, as measured by the HHI, remained high in 2024 after a very high concentration in 2023. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 8.42%, indicating a sustained upward trend. Additionally, the growth rate from 2023 to 2024 was strong at 7.93%, reflecting continued demand and market expansion in the sodium benzoate import sector in Latvia.

Latvia Sodium Benzoate Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Sodium Benzoate Market Outlook
Market Size of Latvia Sodium Benzoate Market, 2024
Forecast of Latvia Sodium Benzoate Market, 2031
Historical Data and Forecast of Latvia Sodium Benzoate Revenues & Volume for the Period 2021- 2031
Latvia Sodium Benzoate Market Trend Evolution
Latvia Sodium Benzoate Market Drivers and Challenges
Latvia Sodium Benzoate Price Trends
Latvia Sodium Benzoate Porter's Five Forces
Latvia Sodium Benzoate Industry Life Cycle
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Form for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Powder for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Granules for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Flakes for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Application for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Antifungal Agent for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Antimicrobial Agent for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Rust and Corrosion Inhibitor for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Preservative for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By End-User for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Food & Beverages for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Cosmetics for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Pharmaceuticals for the Period 2021- 2031
Historical Data and Forecast of Latvia Sodium Benzoate Market Revenues & Volume By Others for the Period 2021- 2031
Latvia Sodium Benzoate Import Export Trade Statistics
Market Opportunity Assessment By Form
Market Opportunity Assessment By Application
Market Opportunity Assessment By End-User
Latvia Sodium Benzoate Top Companies Market Share
Latvia Sodium Benzoate Competitive Benchmarking By Technical and Operational Parameters
Latvia Sodium Benzoate Company Profiles
Latvia Sodium Benzoate Key Strategic Recommendations

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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 Sodium Benzoate Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Sodium Benzoate Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Sodium Benzoate Market - Industry Life Cycle

3.4 Latvia Sodium Benzoate Market - Porter's Five Forces

3.5 Latvia Sodium Benzoate Market Revenues & Volume Share, By Form, 2021 & 2031F

3.6 Latvia Sodium Benzoate Market Revenues & Volume Share, By Application, 2021 & 2031F

3.7 Latvia Sodium Benzoate Market Revenues & Volume Share, By End-User, 2021 & 2031F

4 Latvia Sodium Benzoate Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for processed food and beverages

4.2.2 Growing awareness about the benefits of sodium benzoate as a preservative

4.2.3 Expansion of the food and beverage industry in Latvia

4.3 Market Restraints

4.3.1 Stringent regulations on the use of food preservatives

4.3.2 Health concerns associated with the consumption of sodium benzoate

4.3.3 Fluctuating prices of raw materials

5 Latvia Sodium Benzoate Market Trends

6 Latvia Sodium Benzoate Market, By Types

6.1 Latvia Sodium Benzoate Market, By Form

6.1.1 Overview and Analysis

6.1.2 Latvia Sodium Benzoate Market Revenues & Volume, By Form, 2021- 2031F

6.1.3 Latvia Sodium Benzoate Market Revenues & Volume, By Powder, 2021- 2031F

6.1.4 Latvia Sodium Benzoate Market Revenues & Volume, By Granules, 2021- 2031F

6.1.5 Latvia Sodium Benzoate Market Revenues & Volume, By Flakes, 2021- 2031F

6.1.6 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F

6.2 Latvia Sodium Benzoate Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Sodium Benzoate Market Revenues & Volume, By Antifungal Agent, 2021- 2031F

6.2.3 Latvia Sodium Benzoate Market Revenues & Volume, By Antimicrobial Agent, 2021- 2031F

6.2.4 Latvia Sodium Benzoate Market Revenues & Volume, By Rust and Corrosion Inhibitor, 2021- 2031F

6.2.5 Latvia Sodium Benzoate Market Revenues & Volume, By Preservative, 2021- 2031F

6.2.6 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F

6.3 Latvia Sodium Benzoate Market, By End-User

6.3.1 Overview and Analysis

6.3.2 Latvia Sodium Benzoate Market Revenues & Volume, By Food & Beverages, 2021- 2031F

6.3.3 Latvia Sodium Benzoate Market Revenues & Volume, By Cosmetics, 2021- 2031F

6.3.4 Latvia Sodium Benzoate Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F

6.3.5 Latvia Sodium Benzoate Market Revenues & Volume, By Others, 2021- 2031F

7 Latvia Sodium Benzoate Market Import-Export Trade Statistics

7.1 Latvia Sodium Benzoate Market Export to Major Countries

7.2 Latvia Sodium Benzoate Market Imports from Major Countries

8 Latvia Sodium Benzoate Market Key Performance Indicators

8.1 Consumer acceptance and perception of the safety of sodium benzoate

8.2 Adoption rate of sodium benzoate as a preservative in new food and beverage products

8.3 Market penetration of sodium benzoate in different industry sectors

9 Latvia Sodium Benzoate Market - Opportunity Assessment

9.1 Latvia Sodium Benzoate Market Opportunity Assessment, By Form, 2021 & 2031F

9.2 Latvia Sodium Benzoate Market Opportunity Assessment, By Application, 2021 & 2031F

9.3 Latvia Sodium Benzoate Market Opportunity Assessment, By End-User, 2021 & 2031F

10 Latvia Sodium Benzoate Market - Competitive Landscape

10.1 Latvia Sodium Benzoate Market Revenue Share, By Companies, 2024

10.2 Latvia Sodium Benzoate Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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