Essential Oils of Lemon Market Size Value in Latvia

The Essential Oils of Lemon market in Latvia reached a size value of 46.52 thousand US dollars in 2023. Over the past decade, the market has shown a steady increase from 32.8 thousand US dollars in 2013. Following a notable dip in 2014 and 2015, the market has largely experienced growth, albeit at a progressively slowing rate in recent years. From a five-year perspective, the market demonstrated a compound annual growth rate of 2.12%, indicating a moderate and consistent expansion trend.

Future trends to watch for:

  • Increased consumer preference for natural and organic products.
  • Potential impact of inflation and economic conditions on discretionary spending.
  • Regulatory changes that may impact production and importation of essential oils.

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