| Product Code: ETC6356989 | 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 |
Belgium`s licorice root import market saw significant growth in 2024, with top exporting countries such as Metropolitan France, Switzerland, Spain, Netherlands, and Morocco leading the way. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), decreased from low to very low in 2024, indicating a more competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 15.11%, with a notable growth rate of 24.89% from 2023 to 2024. These trends suggest a thriving licorice root import market in Belgium with strong potential for further expansion.

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 Root Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Licorice Root Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Licorice Root Market - Industry Life Cycle |
3.4 Belgium Licorice Root Market - Porter's Five Forces |
3.5 Belgium Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Belgium Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Belgium Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
3.8 Belgium Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.9 Belgium Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.10 Belgium Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F |
3.11 Belgium Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Belgium Licorice Root Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Belgium Licorice Root Market Trends |
6 Belgium Licorice Root Market, By Types |
6.1 Belgium Licorice Root Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Belgium Licorice Root Market Revenues & Volume, By Product Form, 2021- 2031F |
6.1.3 Belgium Licorice Root Market Revenues & Volume, By Roots, 2021- 2031F |
6.1.4 Belgium Licorice Root Market Revenues & Volume, By Extracts, 2021- 2031F |
6.2 Belgium Licorice Root Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium Licorice Root Market Revenues & Volume, By Essential Oils, 2021- 2031F |
6.2.3 Belgium Licorice Root Market Revenues & Volume, By Liquid Malt Extract, 2021- 2031F |
6.2.4 Belgium Licorice Root Market Revenues & Volume, By Oleoresins, 2021- 2031F |
6.2.5 Belgium Licorice Root Market Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021- 2031F |
6.2.6 Belgium Licorice Root Market Revenues & Volume, By Malt Flour, 2021- 2031F |
6.3 Belgium Licorice Root Market, By Function Type |
6.3.1 Overview and Analysis |
6.3.2 Belgium Licorice Root Market Revenues & Volume, By Performance Enhancers, 2021- 2031F |
6.3.3 Belgium Licorice Root Market Revenues & Volume, By Palatability Enhancers, 2021- 2031F |
6.4 Belgium Licorice Root Market, By Grade Type |
6.4.1 Overview and Analysis |
6.4.2 Belgium Licorice Root Market Revenues & Volume, By Standard Malt, 2021- 2031F |
6.4.3 Belgium Licorice Root Market Revenues & Volume, By Caramelized Malt, 2021- 2031F |
6.4.4 Belgium Licorice Root Market Revenues & Volume, By Roasted Malt, 2021- 2031F |
6.5 Belgium Licorice Root Market, By Raw Material Type |
6.5.1 Overview and Analysis |
6.5.2 Belgium Licorice Root Market Revenues & Volume, By Maize, 2021- 2031F |
6.5.3 Belgium Licorice Root Market Revenues & Volume, By Barley, 2021- 2031F |
6.5.4 Belgium Licorice Root Market Revenues & Volume, By Wheat, 2021- 2031F |
6.5.5 Belgium Licorice Root Market Revenues & Volume, By Rice, 2021- 2031F |
6.5.6 Belgium Licorice Root Market Revenues & Volume, By Rye, 2021- 2031F |
6.5.7 Belgium Licorice Root Market Revenues & Volume, By Oat, 2021- 2031F |
6.6 Belgium Licorice Root Market, By Ingredient Type |
6.6.1 Overview and Analysis |
6.6.2 Belgium Licorice Root Market Revenues & Volume, By Lipids, 2021- 2031F |
6.6.3 Belgium Licorice Root Market Revenues & Volume, By Protein, 2021- 2031F |
6.6.4 Belgium Licorice Root Market Revenues & Volume, By Polysaccharide, 2021- 2031F |
6.6.5 Belgium Licorice Root Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Belgium Licorice Root Market, By End User |
6.7.1 Overview and Analysis |
6.7.2 Belgium Licorice Root Market Revenues & Volume, By Food and Beverage Industry, 2021- 2031F |
6.7.3 Belgium Licorice Root Market Revenues & Volume, By Tobacco Industry, 2021- 2031F |
6.7.4 Belgium Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.5 Belgium Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.6 Belgium Licorice Root Market Revenues & Volume, By Dietary Supplement, 2021- 2031F |
7 Belgium Licorice Root Market Import-Export Trade Statistics |
7.1 Belgium Licorice Root Market Export to Major Countries |
7.2 Belgium Licorice Root Market Imports from Major Countries |
8 Belgium Licorice Root Market Key Performance Indicators |
9 Belgium Licorice Root Market - Opportunity Assessment |
9.1 Belgium Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Belgium Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Belgium Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F |
9.4 Belgium Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.5 Belgium Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.6 Belgium Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F |
9.7 Belgium Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Belgium Licorice Root Market - Competitive Landscape |
10.1 Belgium Licorice Root Market Revenue Share, By Companies, 2024 |
10.2 Belgium 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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