| Product Code: ETC7918252 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s import of peppermint tea in 2024 saw a diverse range of top exporting countries, including Poland, Sri Lanka, Lithuania, UAE, and Russia. Despite a moderate concentration level according to the HHI index, the market experienced a slight decline with a negative CAGR of -4.85% from 2020 to 2024. However, there was a positive growth rate of 7.91% in 2024 compared to the previous year, indicating potential opportunities for the peppermint tea 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 Peppermint Tea Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Peppermint Tea Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Peppermint Tea Market - Industry Life Cycle |
3.4 Latvia Peppermint Tea Market - Porter's Five Forces |
3.5 Latvia Peppermint Tea Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Peppermint Tea Market Revenues & Volume Share, By Tea Type, 2021 & 2031F |
3.7 Latvia Peppermint Tea Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
3.8 Latvia Peppermint Tea Market Revenues & Volume Share, By Price Category, 2021 & 2031F |
3.9 Latvia Peppermint Tea Market Revenues & Volume Share, By Consumption, 2021 & 2031F |
3.10 Latvia Peppermint Tea Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Peppermint Tea Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of peppermint tea |
4.2.2 Growing trend of health and wellness consciousness among the population |
4.2.3 Rise in demand for natural and organic products in the beverage industry |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting production costs |
4.3.2 Competition from other herbal tea variants in the market |
4.3.3 Regulatory challenges related to food safety standards and labeling requirements |
5 Latvia Peppermint Tea Market Trends |
6 Latvia Peppermint Tea Market, By Types |
6.1 Latvia Peppermint Tea Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Peppermint Tea Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Peppermint Tea Market Revenues & Volume, By Unblended Peppermint Tea, 2021- 2031F |
6.1.4 Latvia Peppermint Tea Market Revenues & Volume, By Blended Peppermint Tea, 2021- 2031F |
6.2 Latvia Peppermint Tea Market, By Tea Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Peppermint Tea Market Revenues & Volume, By Processed, 2021- 2031F |
6.2.3 Latvia Peppermint Tea Market Revenues & Volume, By Organic, 2021- 2031F |
6.3 Latvia Peppermint Tea Market, By Packaging Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Peppermint Tea Market Revenues & Volume, By Loose Tea, 2021- 2031F |
6.3.3 Latvia Peppermint Tea Market Revenues & Volume, By Tea Bags, 2021- 2031F |
6.3.4 Latvia Peppermint Tea Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Peppermint Tea Market, By Price Category |
6.4.1 Overview and Analysis |
6.4.2 Latvia Peppermint Tea Market Revenues & Volume, By Mass, 2021- 2031F |
6.4.3 Latvia Peppermint Tea Market Revenues & Volume, By Premium, 2021- 2031F |
6.5 Latvia Peppermint Tea Market, By Consumption |
6.5.1 Overview and Analysis |
6.5.2 Latvia Peppermint Tea Market Revenues & Volume, By Home, 2021- 2031F |
6.5.3 Latvia Peppermint Tea Market Revenues & Volume, By Out of Home, 2021- 2031F |
6.6 Latvia Peppermint Tea Market, By Distribution Channel |
6.6.1 Overview and Analysis |
6.6.2 Latvia Peppermint Tea Market Revenues & Volume, By Online, 2021- 2031F |
6.6.3 Latvia Peppermint Tea Market Revenues & Volume, By Offline, 2021- 2031F |
7 Latvia Peppermint Tea Market Import-Export Trade Statistics |
7.1 Latvia Peppermint Tea Market Export to Major Countries |
7.2 Latvia Peppermint Tea Market Imports from Major Countries |
8 Latvia Peppermint Tea Market Key Performance Indicators |
8.1 Number of new product launches in the peppermint tea segment |
8.2 Consumer satisfaction and repeat purchase rate for peppermint tea products |
8.3 Growth in distribution channels for peppermint tea, such as online sales or specialty stores |
8.4 Increase in social media engagement and online reviews related to peppermint tea's benefits |
8.5 Sustainability practices and certifications adopted by peppermint tea manufacturers |
9 Latvia Peppermint Tea Market - Opportunity Assessment |
9.1 Latvia Peppermint Tea Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Peppermint Tea Market Opportunity Assessment, By Tea Type, 2021 & 2031F |
9.3 Latvia Peppermint Tea Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
9.4 Latvia Peppermint Tea Market Opportunity Assessment, By Price Category, 2021 & 2031F |
9.5 Latvia Peppermint Tea Market Opportunity Assessment, By Consumption, 2021 & 2031F |
9.6 Latvia Peppermint Tea Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Peppermint Tea Market - Competitive Landscape |
10.1 Latvia Peppermint Tea Market Revenue Share, By Companies, 2024 |
10.2 Latvia Peppermint Tea 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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