Latvia Peppermint Oil Market (2025-2031) | Forecast, Share, Growth, Trends, Companies, Analysis, Industry, Revenue, Outlook, Segmentation, Value & Size

Market Forecast By Application (Oral Spray, Oral Product, Chewing Gum, Confectionery Products, Rubbing Alcohol, Fragrance Product, Tobacco Product) And Competitive Landscape
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

Latvia Peppermint Oil Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Peppermint Oil Market: Latvia vs Top 5 Major Economies in 2027 (Europe)


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.

Peppermint Oil Market: Latvia vs Top 5 Major Economies in 2027 (Europe)

Key Highlights of the Report:

  • Latvia Peppermint Oil Market Outlook
  • Market Size of Latvia Peppermint Oil Market, 2024
  • Forecast of Latvia Peppermint Oil Market, 2031
  • Historical Data and Forecast of Latvia Peppermint Oil Revenues & Volume for the Period 2021-2031
  • Latvia Peppermint Oil Market Trend Evolution
  • Latvia Peppermint Oil Market Drivers and Challenges
  • Latvia Peppermint Oil Price Trends
  • Latvia Peppermint Oil Porter`s Five Forces
  • Latvia Peppermint Oil Industry Life Cycle
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Oral Spray for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Oral Product for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Chewing Gum for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Confectionery Products for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Rubbing Alcohol for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Fragrance Product for the Period 2021-2031
  • Historical Data and Forecast of Latvia Peppermint Oil Market Revenues & Volume By Tobacco Product for the Period 2021-2031
  • Latvia Peppermint Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Application
  • Latvia Peppermint Oil Top Companies Market Share
  • Latvia Peppermint Oil Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Peppermint Oil Company Profiles
  • Latvia Peppermint Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Peppermint Oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Peppermint Oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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

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