Andorra Licorice Extract Market (2025-2031) | Outlook, Analysis, Companies, Growth, Trends, Revenue, Value, Segmentation, Forecast, Size, Share & Industry

Name: Andorra Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Andorra Licorice Extract Market, Andorra Licorice Extract Market Revenues, Andorra Licorice Extract Market Share, Andorra Licorice Extract Market Size, Andorra Licorice Extract Market Outlook, Andorra Licorice Extract Market Report, Andorra Licorice Extract Market Competition, Andorra Licorice Extract Market Overview, Andorra Licorice Extract Market Trends, Andorra Licorice Extract Market Forecast

Market Forecast By Product Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Form (Powder, Liquid, Block), By Application (Food & Beverages, Pharmaceutical, Tobacco, Others) And Competitive Landscape

Product Code: ETC5002125	Publication Date: Nov 2023	Updated Date: Apr 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Andorra Licorice Extract Market Size Growth Rate

The Andorra Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 1.33% in 2025 and reaches 1.64% by 2029.

Andorra Licorice Extract Market Growth Rate

Licorice Extract Market: Andorra vs Top 5 Major Economies in 2027 (Europe)

In the Europe region, the Licorice Extract market in Andorra is projected to expand at a stable growth rate of 1.10% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

Licorice Extract Market: Andorra vs Top 5 Major Economies in 2027 (Europe)

Andorra Licorice Extract Market Synopsis

The licorice extract market in Andorra has witnessed steady growth owing to its diverse applications in the food, pharmaceutical, and cosmetic industries. With increasing consumer awareness regarding the health benefits of licorice, such as its anti-inflammatory and antioxidant properties, the demand for licorice extract as a natural ingredient has surged. This has led to the introduction of innovative licorice-based products in Andorra`s market, driving further growth.

Drivers of the market

The Andorra licorice extract market is primarily driven by growing consumer awareness regarding the health benefits associated with licorice extract. Licorice extract is widely used in the pharmaceutical, food, and cosmetic industries due to its natural sweetness and medicinal properties. In recent years, there has been an increasing demand for natural and plant-based ingredients, which has further fueled the growth of the licorice extract market in Andorra. Moreover, the rising prevalence of digestive disorders and the expanding pharmaceutical sector are also contributing factors driving the market growth.

Challenges of the market

Despite the potential demand for licorice extract in various industries such as food, pharmaceuticals, and cosmetics, one of the primary challenges faced by the Andorran licorice extract market is the limited availability of raw materials. Licorice plants require specific growing conditions, and sourcing sufficient quantities locally can be difficult. This often leads to dependency on imports, which can affect the cost and availability of licorice extract in the market.

Government Policy of the market

In the licorice extract market, Andorra has instituted policies aimed at promoting sustainable harvesting practices and ensuring the quality and purity of licorice products. The government collaborates with industry stakeholders to establish standards for cultivation, processing, and distribution, thereby fostering consumer confidence and supporting the growth of this sector.

Key Highlights of the Report:

Andorra Licorice Extract Market Outlook
Market Size of Andorra Licorice Extract Market, 2024
Forecast of Andorra Licorice Extract Market, 2031
Historical Data and Forecast of Andorra Licorice Extract Revenues & Volume for the Period 2021-2031
Andorra Licorice Extract Market Trend Evolution
Andorra Licorice Extract Market Drivers and Challenges
Andorra Licorice Extract Price Trends
Andorra Licorice Extract Porter`s Five Forces
Andorra Licorice Extract Industry Life Cycle
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Food Grade for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Form for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Powder for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Liquid for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Block for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Tobacco for the Period 2021-2031
Historical Data and Forecast of Andorra Licorice Extract Market Revenues & Volume By Others for the Period 2021-2031
Andorra Licorice Extract Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Form
Market Opportunity Assessment By Application
Andorra Licorice Extract Top Companies Market Share
Andorra Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
Andorra Licorice Extract Company Profiles
Andorra Licorice Extract Key Strategic Recommendations

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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 Andorra Licorice Extract Market Overview

3.1 Andorra Country Macro Economic Indicators

3.2 Andorra Licorice Extract Market Revenues & Volume, 2021 & 2031F

3.3 Andorra Licorice Extract Market - Industry Life Cycle

3.4 Andorra Licorice Extract Market - Porter's Five Forces

3.5 Andorra Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Andorra Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F

3.7 Andorra Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Andorra Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Andorra Licorice Extract Market Trends

6 Andorra Licorice Extract Market Segmentations

6.1 Andorra Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Andorra Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F

6.1.3 Andorra Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F

6.1.4 Andorra Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F

6.2 Andorra Licorice Extract Market, By Form

6.2.1 Overview and Analysis

6.2.2 Andorra Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F

6.2.3 Andorra Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F

6.2.4 Andorra Licorice Extract Market Revenues & Volume, By Block, 2021-2031F

6.3 Andorra Licorice Extract Market, By Application

6.3.1 Overview and Analysis

6.3.2 Andorra Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F

6.3.3 Andorra Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F

6.3.4 Andorra Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F

6.3.5 Andorra Licorice Extract Market Revenues & Volume, By Others, 2021-2031F

7 Andorra Licorice Extract Market Import-Export Trade Statistics

7.1 Andorra Licorice Extract Market Export to Major Countries

7.2 Andorra Licorice Extract Market Imports from Major Countries

8 Andorra Licorice Extract Market Key Performance Indicators

9 Andorra Licorice Extract Market - Opportunity Assessment

9.1 Andorra Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Andorra Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F

9.3 Andorra Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F

10 Andorra Licorice Extract Market - Competitive Landscape

10.1 Andorra Licorice Extract Market Revenue Share, By Companies, 2024

10.2 Andorra Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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