| Product Code: ETC5299572 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Latvia`s import of peppermint oil saw a shift in concentration from high to moderate, with top suppliers including Poland, Bulgaria, Hungary, Lithuania, and Estonia. The industry experienced steady growth with a compound annual growth rate (CAGR) of 0.42% from 2020 to 2024. Notably, there was a notable growth rate of 5.81% from 2023 to 2024, indicating an increasing demand for peppermint oil in Latvia. This trend suggests a positive outlook for the market, potentially driven by factors such as rising consumer preferences for natural products and expanding applications in various industries.
In the Europe region, the Peppermint Oil market in Latvia is projected to expand at a stable growth rate of 0.53% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Peppermint Oil Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Peppermint Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Peppermint Oil Market - Industry Life Cycle |
3.4 Latvia Peppermint Oil Market - Porter's Five Forces |
3.5 Latvia Peppermint Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Peppermint Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of peppermint oil |
4.2.2 Growing demand for natural and organic products in the cosmetics and personal care industry |
4.2.3 Rise in the use of peppermint oil in aromatherapy and alternative medicine practices |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting production costs |
4.3.2 Regulatory challenges related to quality control and compliance with international standards |
4.3.3 Competition from substitute products or alternative essential oils |
5 Latvia Peppermint Oil Market Trends |
6 Latvia Peppermint Oil Market Segmentations |
6.1 Latvia Peppermint Oil Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Peppermint Oil Market Revenues & Volume, By Oral Spray, 2021-2031F |
6.1.3 Latvia Peppermint Oil Market Revenues & Volume, By Oral Product, 2021-2031F |
6.1.4 Latvia Peppermint Oil Market Revenues & Volume, By Chewing Gum, 2021-2031F |
6.1.5 Latvia Peppermint Oil Market Revenues & Volume, By Confectionery Products, 2021-2031F |
6.1.6 Latvia Peppermint Oil Market Revenues & Volume, By Rubbing Alcohol, 2021-2031F |
6.1.7 Latvia Peppermint Oil Market Revenues & Volume, By Fragrance Product, 2021-2031F |
7 Latvia Peppermint Oil Market Import-Export Trade Statistics |
7.1 Latvia Peppermint Oil Market Export to Major Countries |
7.2 Latvia Peppermint Oil Market Imports from Major Countries |
8 Latvia Peppermint Oil Market Key Performance Indicators |
8.1 Number of new product launches featuring peppermint oil |
8.2 Percentage increase in the use of peppermint oil in different industries (cosmetics, pharmaceuticals, food beverage) |
8.3 Growth in the number of peppermint oil producers and suppliers in Latvia |
9 Latvia Peppermint Oil Market - Opportunity Assessment |
9.1 Latvia Peppermint Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Peppermint Oil Market - Competitive Landscape |
10.1 Latvia Peppermint Oil Market Revenue Share, By Companies, 2024 |
10.2 Latvia Peppermint Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |