| Product Code: ETC6313729 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Barbados continues to see a strong demand for licorice root imports, with top exporting countries in 2024 being Poland, USA, Canada, UK, and Sri Lanka. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 11.66%, with a notable growth rate of 20.82% from 2023 to 2024. This data suggests a thriving market for licorice root imports in Barbados, driven by consistent growth and diverse sources of 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 Barbados Licorice Root Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Licorice Root Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Licorice Root Market - Industry Life Cycle |
3.4 Barbados Licorice Root Market - Porter's Five Forces |
3.5 Barbados Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Barbados Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Barbados Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
3.8 Barbados Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.9 Barbados Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.10 Barbados Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F |
3.11 Barbados Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Barbados Licorice Root Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Barbados Licorice Root Market Trends |
6 Barbados Licorice Root Market, By Types |
6.1 Barbados Licorice Root Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Barbados Licorice Root Market Revenues & Volume, By Product Form, 2021- 2031F |
6.1.3 Barbados Licorice Root Market Revenues & Volume, By Roots, 2021- 2031F |
6.1.4 Barbados Licorice Root Market Revenues & Volume, By Extracts, 2021- 2031F |
6.2 Barbados Licorice Root Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Barbados Licorice Root Market Revenues & Volume, By Essential Oils, 2021- 2031F |
6.2.3 Barbados Licorice Root Market Revenues & Volume, By Liquid Malt Extract, 2021- 2031F |
6.2.4 Barbados Licorice Root Market Revenues & Volume, By Oleoresins, 2021- 2031F |
6.2.5 Barbados Licorice Root Market Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021- 2031F |
6.2.6 Barbados Licorice Root Market Revenues & Volume, By Malt Flour, 2021- 2031F |
6.3 Barbados Licorice Root Market, By Function Type |
6.3.1 Overview and Analysis |
6.3.2 Barbados Licorice Root Market Revenues & Volume, By Performance Enhancers, 2021- 2031F |
6.3.3 Barbados Licorice Root Market Revenues & Volume, By Palatability Enhancers, 2021- 2031F |
6.4 Barbados Licorice Root Market, By Grade Type |
6.4.1 Overview and Analysis |
6.4.2 Barbados Licorice Root Market Revenues & Volume, By Standard Malt, 2021- 2031F |
6.4.3 Barbados Licorice Root Market Revenues & Volume, By Caramelized Malt, 2021- 2031F |
6.4.4 Barbados Licorice Root Market Revenues & Volume, By Roasted Malt, 2021- 2031F |
6.5 Barbados Licorice Root Market, By Raw Material Type |
6.5.1 Overview and Analysis |
6.5.2 Barbados Licorice Root Market Revenues & Volume, By Maize, 2021- 2031F |
6.5.3 Barbados Licorice Root Market Revenues & Volume, By Barley, 2021- 2031F |
6.5.4 Barbados Licorice Root Market Revenues & Volume, By Wheat, 2021- 2031F |
6.5.5 Barbados Licorice Root Market Revenues & Volume, By Rice, 2021- 2031F |
6.5.6 Barbados Licorice Root Market Revenues & Volume, By Rye, 2021- 2031F |
6.5.7 Barbados Licorice Root Market Revenues & Volume, By Oat, 2021- 2031F |
6.6 Barbados Licorice Root Market, By Ingredient Type |
6.6.1 Overview and Analysis |
6.6.2 Barbados Licorice Root Market Revenues & Volume, By Lipids, 2021- 2031F |
6.6.3 Barbados Licorice Root Market Revenues & Volume, By Protein, 2021- 2031F |
6.6.4 Barbados Licorice Root Market Revenues & Volume, By Polysaccharide, 2021- 2031F |
6.6.5 Barbados Licorice Root Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Barbados Licorice Root Market, By End User |
6.7.1 Overview and Analysis |
6.7.2 Barbados Licorice Root Market Revenues & Volume, By Food and Beverage Industry, 2021- 2031F |
6.7.3 Barbados Licorice Root Market Revenues & Volume, By Tobacco Industry, 2021- 2031F |
6.7.4 Barbados Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.5 Barbados Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.6 Barbados Licorice Root Market Revenues & Volume, By Dietary Supplement, 2021- 2031F |
7 Barbados Licorice Root Market Import-Export Trade Statistics |
7.1 Barbados Licorice Root Market Export to Major Countries |
7.2 Barbados Licorice Root Market Imports from Major Countries |
8 Barbados Licorice Root Market Key Performance Indicators |
9 Barbados Licorice Root Market - Opportunity Assessment |
9.1 Barbados Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Barbados Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Barbados Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F |
9.4 Barbados Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.5 Barbados Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.6 Barbados Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F |
9.7 Barbados Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Barbados Licorice Root Market - Competitive Landscape |
10.1 Barbados Licorice Root Market Revenue Share, By Companies, 2024 |
10.2 Barbados Licorice Root 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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