| Product Code: ETC7924963 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia continued to see a steady increase in yeast and yeast extract import shipments, with key suppliers being Poland, Denmark, Lithuania, Sweden, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) of 7.45% over the period of 2020-2024 points to sustained market expansion. This data suggests a stable demand for yeast and yeast extract products in Latvia, with opportunities for market players to capitalize on this growing trend.

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 Yeast & Yeast Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Yeast & Yeast Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Yeast & Yeast Extract Market - Industry Life Cycle |
3.4 Latvia Yeast & Yeast Extract Market - Porter's Five Forces |
3.5 Latvia Yeast & Yeast Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Yeast & Yeast Extract Market Revenues & Volume Share, By Specialty Yeast Type, 2021 & 2031F |
3.7 Latvia Yeast & Yeast Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Latvia Yeast & Yeast Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Yeast & Yeast Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural food ingredients and flavor enhancers |
4.2.2 Growing awareness about the health benefits of yeast and yeast extracts |
4.2.3 Expansion of the food processing industry in Latvia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Stringent regulations and quality standards in the food industry |
4.3.3 Competition from substitute products in the market |
5 Latvia Yeast & Yeast Extract Market Trends |
6 Latvia Yeast & Yeast Extract Market, By Types |
6.1 Latvia Yeast & Yeast Extract Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Baker's Yeast, 2021- 2031F |
6.1.4 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Brewer's Yeast, 2021- 2031F |
6.1.5 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Distiller's and Wine Yeast, 2021- 2031F |
6.2 Latvia Yeast & Yeast Extract Market, By Specialty Yeast Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Yeast Extracts, 2021- 2031F |
6.2.3 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Autolysates, 2021- 2031F |
6.3 Latvia Yeast & Yeast Extract Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Fresh Yeast, 2021- 2031F |
6.3.3 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Active Dry Yeast, 2021- 2031F |
6.3.4 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Instant Yeast, 2021- 2031F |
6.4 Latvia Yeast & Yeast Extract Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.4.3 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Feed Industry, 2021- 2031F |
6.4.4 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Biofuel Industry, 2021- 2031F |
6.4.5 Latvia Yeast & Yeast Extract Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Yeast & Yeast Extract Market Import-Export Trade Statistics |
7.1 Latvia Yeast & Yeast Extract Market Export to Major Countries |
7.2 Latvia Yeast & Yeast Extract Market Imports from Major Countries |
8 Latvia Yeast & Yeast Extract Market Key Performance Indicators |
8.1 Consumer perception and acceptance of yeast and yeast extract products |
8.2 Research and development investments in new product development |
8.3 Adoption rate of yeast and yeast extract products by food manufacturers |
9 Latvia Yeast & Yeast Extract Market - Opportunity Assessment |
9.1 Latvia Yeast & Yeast Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Yeast & Yeast Extract Market Opportunity Assessment, By Specialty Yeast Type, 2021 & 2031F |
9.3 Latvia Yeast & Yeast Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 Latvia Yeast & Yeast Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Yeast & Yeast Extract Market - Competitive Landscape |
10.1 Latvia Yeast & Yeast Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Yeast & Yeast Extract 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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