| Product Code: ETC7924319 | 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`s vitamins & supplements import market continued to show steady growth with a Compound Annual Growth Rate (CAGR) of 8.6% from 2020 to 2024. Top exporting countries like Lithuania, Netherlands, Switzerland, Poland, and Germany played a significant role in supplying these products to Latvia. Despite the presence of these key players, the market remained competitive with a low Herfindahl-Hirschman Index (HHI) concentration in 2024. The growth rate from 2023 to 2024 was also notable at 7.03%, indicating a positive trend in the demand for vitamins and supplements 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 Vitamins & Supplements Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Vitamins & Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Vitamins & Supplements Market - Industry Life Cycle |
3.4 Latvia Vitamins & Supplements Market - Porter's Five Forces |
3.5 Latvia Vitamins & Supplements Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Vitamins & Supplements Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Vitamins & Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Vitamins & Supplements Market Trends |
6 Latvia Vitamins & Supplements Market, By Types |
6.1 Latvia Vitamins & Supplements Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Vitamins & Supplements Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Vitamins & Supplements Market Revenues & Volume, By Multivitamins, 2021- 2031F |
6.1.4 Latvia Vitamins & Supplements Market Revenues & Volume, By Calcium Supplements, 2021- 2031F |
6.1.5 Latvia Vitamins & Supplements Market Revenues & Volume, By Pediatric Supplements, 2021- 2031F |
6.2 Latvia Vitamins & Supplements Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Vitamins & Supplements Market Revenues & Volume, By Supermarkets, 2021- 2031F |
6.2.3 Latvia Vitamins & Supplements Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.2.4 Latvia Vitamins & Supplements Market Revenues & Volume, By Speciality Stores, 2021- 2031F |
6.2.5 Latvia Vitamins & Supplements Market Revenues & Volume, By Online Retails, 2021- 2031F |
7 Latvia Vitamins & Supplements Market Import-Export Trade Statistics |
7.1 Latvia Vitamins & Supplements Market Export to Major Countries |
7.2 Latvia Vitamins & Supplements Market Imports from Major Countries |
8 Latvia Vitamins & Supplements Market Key Performance Indicators |
9 Latvia Vitamins & Supplements Market - Opportunity Assessment |
9.1 Latvia Vitamins & Supplements Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Vitamins & Supplements Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Vitamins & Supplements Market - Competitive Landscape |
10.1 Latvia Vitamins & Supplements Market Revenue Share, By Companies, 2024 |
10.2 Latvia Vitamins & Supplements 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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