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

Name: Cyprus Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Cyprus Licorice Extract Market, Cyprus Licorice Extract Market Revenues, Cyprus Licorice Extract Market Share, Cyprus Licorice Extract Market Size, Cyprus Licorice Extract Market Outlook, Cyprus Licorice Extract Market Report, Cyprus Licorice Extract Market Competition, Cyprus Licorice Extract Market Overview, Cyprus Licorice Extract Market Trends, Cyprus 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: ETC5002154	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

Cyprus Licorice Extract Market Import Shipment by Countries (Top 5) & Competition (HHI)

Cyprus continues to see a significant influx of licorice extract import shipments, with top exporters in 2024 being Metropolitan France, Slovakia, China, Greece, and Spain. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive Compound Annual Growth Rate (CAGR) of 24.42% from 2020 to 2024 highlights sustained growth. Moreover, the growth rate of 20.23% in 2024 suggests a continued upward trend in import volumes. Cyprus remains an attractive market for licorice extract, with key players dominating the trade flow.

Cyprus Licorice Extract Market Import Shipment by Countries (Top 5) & Competition (HHI)

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

The Licorice Extract market in Cyprus is projected to grow at a stable growth rate of 1.39% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

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

Cyprus Licorice Extract Market Overview

Licorice extract has a growing market in Cyprus, primarily in the pharmaceutical, food, and cosmetics industries. Known for its medicinal properties, licorice extract is increasingly used in herbal and natural health products.

Drivers of the market

Rising demand for natural and plant-based products drives the licorice extract market in Cyprus. Licorice extracts health benefits, such as its anti-inflammatory and digestive properties, make it popular in pharmaceuticals and the wellness industry. Additionally, its use in confectionery and the cosmetics sector contributes to its growing market presence.

Challenges of the market

The licorice extract market in Cyprus faces challenges related to limited agricultural land for licorice cultivation, making the industry heavily reliant on imports. There is also growing competition from synthetic substitutes, which are cheaper and more readily available. Additionally, fluctuating raw material prices can disrupt supply chains and affect profitability.

Government Policy of the market

Agricultural policies support the cultivation and extraction of licorice in Cyprus, providing incentives for sustainable farming practices and promoting its use in the pharmaceutical and confectionery industries.

Key Highlights of the Report:

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

Frequently Asked Questions About the Market Study (FAQs):

How does 6Wresearch market report help businesses in making strategic decisions?

Do you also provide customisation in the market study?

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 Cyprus Licorice Extract Market Overview

3.1 Cyprus Country Macro Economic Indicators

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

3.3 Cyprus Licorice Extract Market - Industry Life Cycle

3.4 Cyprus Licorice Extract Market - Porter's Five Forces

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

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

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

4 Cyprus Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Cyprus Licorice Extract Market Trends

6 Cyprus Licorice Extract Market Segmentations

6.1 Cyprus Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Cyprus Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Cyprus Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Cyprus Licorice Extract Market Import-Export Trade Statistics

7.1 Cyprus Licorice Extract Market Export to Major Countries

7.2 Cyprus Licorice Extract Market Imports from Major Countries

8 Cyprus Licorice Extract Market Key Performance Indicators

9 Cyprus Licorice Extract Market - Opportunity Assessment

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

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

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

10 Cyprus Licorice Extract Market - Competitive Landscape

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

10.2 Cyprus Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Africa Licorice Extract Market

Asia Licorice Extract Market

Asia Pacific Licorice Extract Market

Bahrain Licorice Extract Market

Europe Licorice Extract Market

Global Licorice Extract Market

Iraq Licorice Extract Market

Kuwait Licorice Extract Market

Oman Licorice Extract Market

Qatar Licorice Extract Market

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.

To discover high-growth global markets and optimize your business strategy:

Click Here