| 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 |
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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