| Product Code: ETC5018144 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s mint extract import market saw a shift in concentration levels from high to moderate in 2024, indicating a more balanced market landscape. The top exporting countries to Latvia in 2024 include Poland, Bulgaria, Hungary, Lithuania, and Estonia, showcasing a diverse mix of suppliers. With a modest compound annual growth rate (CAGR) of 0.42% from 2020 to 2024, the market experienced a notable growth spurt in 2024 with a growth rate of 5.81% compared to the previous year. This suggests a positive outlook for the mint extract import market 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 Mint Extract Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mint Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mint Extract Market - Industry Life Cycle |
3.4 Latvia Mint Extract Market - Porter's Five Forces |
3.5 Latvia Mint Extract Market Revenues & Volume Share, By Nature, 2021 & 2031F |
3.6 Latvia Mint Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Latvia Mint Extract Market Revenues & Volume Share, By Varieties, 2021 & 2031F |
3.8 Latvia Mint Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Mint Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of mint extract |
4.2.2 Growing demand for natural and organic ingredients in food and beverages |
4.2.3 Rising popularity of mint-flavored products in the cosmetics and personal care industry |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices |
4.3.2 Stringent regulations and quality standards in the mint extract market |
4.3.3 Intense competition from synthetic mint flavoring alternatives |
5 Latvia Mint Extract Market Trends |
6 Latvia Mint Extract Market Segmentations |
6.1 Latvia Mint Extract Market, By Nature |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mint Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.1.3 Latvia Mint Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.2 Latvia Mint Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mint Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Latvia Mint Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Latvia Mint Extract Market Revenues & Volume, By Tablets, 2021-2031F |
6.2.5 Latvia Mint Extract Market Revenues & Volume, By Capsules, 2021-2031F |
6.3 Latvia Mint Extract Market, By Varieties |
6.3.1 Overview and Analysis |
6.3.2 Latvia Mint Extract Market Revenues & Volume, By Peppermint, 2021-2031F |
6.3.3 Latvia Mint Extract Market Revenues & Volume, By Spearmint, 2021-2031F |
6.3.4 Latvia Mint Extract Market Revenues & Volume, By Orange Mint, 2021-2031F |
6.3.5 Latvia Mint Extract Market Revenues & Volume, By Pineapple Mint, 2021-2031F |
6.3.6 Latvia Mint Extract Market Revenues & Volume, By Others, 2021-2031F |
6.4 Latvia Mint Extract Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Mint Extract Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.4.3 Latvia Mint Extract Market Revenues & Volume, By Nutraceuticals, 2021-2031F |
6.4.4 Latvia Mint Extract Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4.5 Latvia Mint Extract Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.4.6 Latvia Mint Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Mint Extract Market Import-Export Trade Statistics |
7.1 Latvia Mint Extract Market Export to Major Countries |
7.2 Latvia Mint Extract Market Imports from Major Countries |
8 Latvia Mint Extract Market Key Performance Indicators |
8.1 Consumer engagement with mint extract-related content on social media platforms |
8.2 Number of new product launches containing mint extract |
8.3 Growth in the number of mint extract suppliers obtaining organic certifications |
8.4 Percentage increase in mint extract exports to international markets |
9 Latvia Mint Extract Market - Opportunity Assessment |
9.1 Latvia Mint Extract Market Opportunity Assessment, By Nature, 2021 & 2031F |
9.2 Latvia Mint Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Latvia Mint Extract Market Opportunity Assessment, By Varieties, 2021 & 2031F |
9.4 Latvia Mint Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Mint Extract Market - Competitive Landscape |
10.1 Latvia Mint Extract Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mint 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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