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

Name: Croatia Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Croatia Licorice Extract Market, Croatia Licorice Extract Market Revenues, Croatia Licorice Extract Market Share, Croatia Licorice Extract Market Size, Croatia Licorice Extract Market Outlook, Croatia Licorice Extract Market Report, Croatia Licorice Extract Market Competition, Croatia Licorice Extract Market Overview, Croatia Licorice Extract Market Trends, Croatia 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: ETC5002152	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

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

Croatia licorice extract import market experienced a notable shift in 2024, with a higher level of concentration among top exporting countries such as Czechia, Italy, Metropolitan France, Germany, and China. This increase in concentration is reflected by a rise in the Herfindahl-Hirschman Index (HHI). Despite a negative Compound Annual Growth Rate (CAGR) from 2020 to 2024, there was a significant growth rate of 11.9% from 2023 to 2024, indicating a potential turnaround in the market dynamics and a growing demand for licorice extract in Croatia.

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

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

Croatia's Licorice Extract market is anticipated to experience a stable growth rate of 0.13% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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

Croatia Licorice Extract Market Overview

The licorice extract market in Croatia benefits from the growing demand for natural and herbal products in the food, beverage, and cosmetics industries. Licorice extract is valued for its sweetening properties, flavor enhancement, and potential health benefits, making it popular among consumers seeking natural alternatives.

Drivers of the market

The licorice extract market in Croatia is experiencing growth due to its rising use in the food and beverage, pharmaceutical, and cosmetic industries. The demand for natural and herbal ingredients, driven by increasing health consciousness among consumers, is a significant market driver. Licorice extract`s applications as a flavoring agent, sweetener, and health supplement are also contributing to its popularity, alongside its recognized benefits in skin care and respiratory health.

Challenges of the market

The licorice extract market in Croatia faces challenges such as fluctuating raw material prices and supply chain disruptions. The market is also impacted by competition from other natural extracts and synthetic alternatives. Ensuring high-quality production while adhering to regulatory standards for food and pharmaceutical applications is critical. Additionally, there is a need for effective marketing strategies to differentiate licorice extract products and meet diverse consumer preferences.

Government Policy of the market

In the licorice extract market, the Croatian government supports the industry through agricultural policies that promote the cultivation of licorice plants. Policies include subsidies for farmers and research funding to improve extraction processes and the quality of licorice products.

Key Highlights of the Report:

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

3.1 Croatia Country Macro Economic Indicators

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

3.3 Croatia Licorice Extract Market - Industry Life Cycle

3.4 Croatia Licorice Extract Market - Porter's Five Forces

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

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

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

4 Croatia 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 beverage products

4.2.3 Rising adoption of licorice extract in pharmaceuticals and nutraceuticals industries

4.3 Market Restraints

4.3.1 Fluctuating prices of licorice root due to supply chain disruptions or climatic conditions

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

4.3.3 Competition from alternative natural ingredients in the market

5 Croatia Licorice Extract Market Trends

6 Croatia Licorice Extract Market Segmentations

6.1 Croatia Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Croatia Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Croatia Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Croatia Licorice Extract Market Import-Export Trade Statistics

7.1 Croatia Licorice Extract Market Export to Major Countries

7.2 Croatia Licorice Extract Market Imports from Major Countries

8 Croatia Licorice Extract Market Key Performance Indicators

8.1 Number of new product launches containing licorice extract

8.2 Growth in research and development investments in licorice extract applications

8.3 Increase in partnerships and collaborations within the licorice extract supply chain

9 Croatia Licorice Extract Market - Opportunity Assessment

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

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

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

10 Croatia Licorice Extract Market - Competitive Landscape

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

10.2 Croatia 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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