Belgium Licorice Extract Market (2025-2031) | Outlook, Analysis, Forecast, Revenue, Companies, Growth, Share, Industry, Trends, Segmentation, Value & Size
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: Sep 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 Size Growth Rate
The Belgium Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 0.52% in 2025, climbs to a high of 0.55% in 2026, and moderates to 0.22% by 2029.
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.
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
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Belgium Licorice Extract Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Belgium Licorice Extract Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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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