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

Name: Canada Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Canada Licorice Extract Market, Canada Licorice Extract Market Revenues, Canada Licorice Extract Market Share, Canada Licorice Extract Market Size, Canada Licorice Extract Market Outlook, Canada Licorice Extract Market Report, Canada Licorice Extract Market Competition, Canada Licorice Extract Market Overview, Canada Licorice Extract Market Trends, Canada 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: ETC5002145	Publication Date: Nov 2023	Updated Date: Jan 2026	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Canada Licorice Extract Market: Import Trend Analysis

In the Canada licorice extract market, the import trend showed a growth rate of 10.68% from 2023 to 2024, with a compound annual growth rate (CAGR) of 3.88% from 2020 to 2024. This positive import momentum can be attributed to increased consumer demand for natural ingredients in food and beverage products, driving market stability and sustained growth in the sector.

Canada Licorice Extract Market: Import Trend Analysis

Canada Licorice Extract Market Overview

Licorice extract is used in a wide range of products, including confectionery, pharmaceuticals, and cosmetics. In Canada, demand is rising due to its medicinal properties and use in herbal remedies.

Drivers of the market

The licorice extract market in Canada is driven by the demand for licorice extract in various applications, including food and beverages, pharmaceuticals, and cosmetics. Licorice extract is valued for its flavoring and medicinal properties. The market is influenced by consumer preferences for natural and herbal ingredients, advancements in extraction technologies, and trends towards health and wellness. Innovations in licorice extract formulations and applications are shaping market dynamics and contributing to growth.

Challenges of the market

The licorice extract market faces challenges related to fluctuating raw material prices and the need to ensure product quality and consistency. Meeting regulatory standards for food safety and managing production costs while addressing competition from alternative flavoring agents is crucial. Additionally, addressing environmental and sustainability concerns in production processes is a key consideration.

Government Policy of the market

In Canada, the licorice extract market is regulated to ensure product safety and quality. Government policies focus on controlling the use of licorice extract in food and pharmaceutical products, ensuring compliance with health and safety standards. The government supports research into new applications and maintains regulations to protect consumer health.

Key Highlights of the Report:

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

3.1 Canada Country Macro Economic Indicators

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

3.3 Canada Licorice Extract Market - Industry Life Cycle

3.4 Canada Licorice Extract Market - Porter's Five Forces

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

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

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

4 Canada 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 herbal ingredients in food and beverages

4.2.3 Rising adoption of licorice extract in pharmaceuticals for its medicinal properties

4.3 Market Restraints

4.3.1 Fluctuating prices of licorice root due to weather conditions and supply chain disruptions

4.3.2 Stringent government regulations and quality standards for licorice extract production

4.3.3 Competition from alternative sweeteners and flavoring agents in the market

5 Canada Licorice Extract Market Trends

6 Canada Licorice Extract Market Segmentations

6.1 Canada Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Canada Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Canada Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Canada Licorice Extract Market Import-Export Trade Statistics

7.1 Canada Licorice Extract Market Export to Major Countries

7.2 Canada Licorice Extract Market Imports from Major Countries

8 Canada Licorice Extract Market Key Performance Indicators

8.1 Number of new product launches containing licorice extract

8.2 Growth in research and development investment in licorice extract applications

8.3 Increase in demand for licorice extract in key end-use industries such as food, beverage, and pharmaceuticals

9 Canada Licorice Extract Market - Opportunity Assessment

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

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

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

10 Canada Licorice Extract Market - Competitive Landscape

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

10.2 Canada 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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