Product Code: ETC5002130 | 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 |
The Bahamas Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 1.84% in 2025, the market peaks at 2.60% in 2026, and settles at 0.92% by 2029.
The licorice extract market in the Bahamas is expanding with its applications in food, cosmetics, and pharmaceuticals. Licorice extract is valued for its sweetening properties, health benefits, and use in flavoring and skincare products.
The growth of the Bahamas Licorice Extract Market is driven by the increasing demand for natural flavoring agents and herbal supplements. As consumers seek natural remedies and unique flavors, licorice extract is becoming popular in food and beverage applications. Additionally, the rising awareness of the health benefits associated with licorice is contributing to market growth.
The Licorice Extract market in the Bahamas encounters several challenges, particularly concerning sourcing and regulation. The need for high-quality raw materials can lead to supply chain vulnerabilities, particularly if cultivation is limited to specific regions. Furthermore, growing scrutiny on the health effects of licorice may influence consumer preferences, posing risks for market demand. Compliance with food safety and labeling regulations adds another layer of complexity for manufacturers.
The Licorice Extract Market is shaped by consumer interest in natural sweeteners and herbal remedies. Government support for agricultural practices may encourage local licorice cultivation, enhancing market supply.
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 Bahamas Licorice Extract Market Overview |
3.1 Bahamas Country Macro Economic Indicators |
3.2 Bahamas Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Bahamas Licorice Extract Market - Industry Life Cycle |
3.4 Bahamas Licorice Extract Market - Porter's Five Forces |
3.5 Bahamas Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bahamas Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Bahamas Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bahamas Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bahamas Licorice Extract Market Trends |
6 Bahamas Licorice Extract Market Segmentations |
6.1 Bahamas Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bahamas Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Bahamas Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Bahamas Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Bahamas Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Bahamas Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Bahamas Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Bahamas Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Bahamas Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bahamas Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Bahamas Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Bahamas Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Bahamas Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Bahamas Licorice Extract Market Import-Export Trade Statistics |
7.1 Bahamas Licorice Extract Market Export to Major Countries |
7.2 Bahamas Licorice Extract Market Imports from Major Countries |
8 Bahamas Licorice Extract Market Key Performance Indicators |
9 Bahamas Licorice Extract Market - Opportunity Assessment |
9.1 Bahamas Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bahamas Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Bahamas Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bahamas Licorice Extract Market - Competitive Landscape |
10.1 Bahamas Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Bahamas Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |