The market size value per capita for essential oils of lemon in Latvia showed a steady upward trend from 2013 to 2023, reaching $0.025 in 2023. Between 2022 and 2023, the market value grew by approximately 4.2%. The Compound Annual Growth Rate (CAGR) over the past five years (from 2018 to 2023) was around 2.6%, indicating a consistent increase in consumer spending on these products.
Looking forward, expected trends to watch for include potential market expansion driven by increasing consumer interest in natural products, coupled with a growing demand for wellness and aromatherapy solutions. Market players should also watch for shifts in consumer preference influenced by sustainability and organic product trends.