Product Code: ETC389024 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Bahrain Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 1.57% in 2025, the market peaks at 1.76% in 2026, and settles at 1.55% by 2029.
The Licorice Extract market in Bahrain is projected to grow at a stable growth rate of 1.61% by 2027, highlighting the country's increasing focus on advanced technologies within the Middle East region, where Saudi Arabia holds the dominant position, followed closely by United Arab Emirates, Iran, Kuwait and Oman, shaping overall regional demand.
The licorice extract market in Bahrain has witnessed significant traction due to the rising awareness regarding its various health benefits and its versatile applications across industries. Licorice extract, derived from the roots of the licorice plant, is known for its medicinal properties and is used in traditional medicine as well as in the food and beverage, pharmaceutical, and cosmetic industries. The demand for licorice extract is expected to continue its upward trajectory, driven by its natural sweetening properties, antioxidant content, and potential therapeutic effects, thereby fueling growth in the Bahrain market.
The licorice extract market in Bahrain is experiencing growth due to its versatile applications across various industries such as food and beverage, pharmaceuticals, and cosmetics. Licorice extract is valued for its natural sweetness and medicinal properties, leading to its incorporation in a wide range of products including confectionery, herbal supplements, and skincare formulations. The increasing consumer preference for natural and plant-based ingredients is also contributing to the expansion of the licorice extract market in Bahrain.
Similarly, the licorice extract market in Bahrain encounters hurdles that hinder its expansion. One notable challenge is the fluctuation in licorice supply, which can be influenced by factors such as weather conditions and geopolitical instability in licorice-producing regions. These supply chain disruptions can lead to price volatility and affect the availability of licorice extract for businesses in Bahrain. Moreover, regulatory hurdles related to import and export regulations may impede the smooth flow of licorice extract into the Bahrain market.
The government of Bahrain may regulate the licorice extract market through policies aimed at ensuring product safety, quality control, and sustainable sourcing practices. This could involve implementing standards for extraction processes, monitoring the use of additives, and promoting environmentally-friendly cultivation methods. Moreover, the government might establish regulations to safeguard traditional knowledge associated with licorice extraction, especially concerning indigenous communities.