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

Name: Belgium Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Belgium Licorice Extract Market, Belgium Licorice Extract Market Revenues, Belgium Licorice Extract Market Share, Belgium Licorice Extract Market Size, Belgium Licorice Extract Market Outlook, Belgium Licorice Extract Market Report, Belgium Licorice Extract Market Competition, Belgium Licorice Extract Market Overview, Belgium Licorice Extract Market Trends, Belgium 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: ETC5002133	Publication Date: Nov 2023	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Belgium Licorice Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Despite a slight growth rate of 1.55% in 2024, Belgium continues to import licorice extract mainly from Metropolitan France, China, Spain, India, and Germany. The low Herfindahl-Hirschman Index (HHI) concentration indicates a diverse market landscape. However, the overall compound annual growth rate (CAGR) from 2020 to 2024 shows a decline of -2.82%, suggesting potential challenges in the industry. As licorice extract remains a popular ingredient in various sectors, monitoring these trends can provide valuable insights for market players and policymakers in the coming years.

Belgium Licorice Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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

By 2027, the Licorice Extract market in Belgium is anticipated to reach a growth rate of 0.54%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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

Belgium Licorice Extract Market Overview

The licorice extract market in Belgium benefits from its use in confectionery, pharmaceuticals, and dietary supplements, valued for its flavoring and medicinal properties.

Drivers of the market

The licorice extract market in Belgium is driven by the demand for this natural ingredient used in various food and beverage products, as well as in pharmaceuticals and cosmetics. Licorice extract is valued for its flavoring and medicinal properties. Belgiums focus on natural and health-oriented products supports market growth. Innovations in licorice extract processing and increasing consumer preference for natural ingredients contribute to market expansion.

Challenges of the market

The licorice extract market in Belgium faces challenges related to raw material sourcing and regulatory compliance. Licorice extract, used in food and medicinal products, relies on the availability of high-quality raw materials. Fluctuations in supply and quality can impact market stability. Additionally, compliance with food safety and pharmaceutical regulations is crucial for market participants, requiring ongoing monitoring and adaptation.

Government Policy of the market

The Belgian licorice extract market benefits from agricultural policies supporting the cultivation of licorice plants and the production of natural extracts. Subsidies for sustainable farming practices and organic certification encourage eco-friendly licorice extract production. Research funding for developing innovative applications of licorice extract in food, pharmaceuticals, and cosmetics drives market growth.

Key Highlights of the Report:

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

3.1 Belgium Country Macro Economic Indicators

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

3.3 Belgium Licorice Extract Market - Industry Life Cycle

3.4 Belgium Licorice Extract Market - Porter's Five Forces

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

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

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

4 Belgium Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing consumer awareness about the health benefits of licorice extract

4.2.2 Increasing demand for natural and organic ingredients in food and beverage products

4.2.3 Rising adoption of licorice extract in pharmaceutical and nutraceutical industries

4.3 Market Restraints

4.3.1 Fluctuating prices of licorice root, the primary source of licorice extract

4.3.2 Stringent regulations on the use of licorice extract in certain regions

4.3.3 Competition from alternative sweetening agents and flavor enhancers

5 Belgium Licorice Extract Market Trends

6 Belgium Licorice Extract Market Segmentations

6.1 Belgium Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Belgium Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Belgium Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Belgium Licorice Extract Market Import-Export Trade Statistics

7.1 Belgium Licorice Extract Market Export to Major Countries

7.2 Belgium Licorice Extract Market Imports from Major Countries

8 Belgium Licorice Extract Market Key Performance Indicators

8.1 Consumer demand trends for natural ingredients in food and beverages

8.2 Number of new product launches containing licorice extract

8.3 Research and development investments in exploring new applications of licorice extract

9 Belgium Licorice Extract Market - Opportunity Assessment

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

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

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

10 Belgium Licorice Extract Market - Competitive Landscape

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

10.2 Belgium 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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