Product Code: ETC5002157 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Dominican Republic Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 4.71% in 2025, climbs to a high of 5.86% in 2028, and moderates to 5.41% by 2029.
Dominican Republic's Licorice Extract market is anticipated to experience a growing growth rate of 5.58% by 2027, reflecting trends observed in the largest economy Brazil, followed by Mexico, Argentina, Colombia and Chile.
The licorice extract market in Dominica is shaped by government initiatives promoting natural ingredients in food and beverage products. Policies encouraging the use of herbal and botanical extracts drive demand for licorice in various applications, from food flavoring to pharmaceuticals. The governments focus on promoting local agriculture supports the cultivation of licorice plants, fostering market growth. Additionally, regulations ensuring the safety and quality of herbal products are crucial in building consumer trust.
The licorice extract market in Dominica is driven by its applications in pharmaceuticals, confectionery, and cosmetics. Licorice extract is valued for its medicinal properties, especially in traditional medicine, and for its use in natural skincare. Rising consumer awareness around natural and herbal ingredients contributes to the growth of this market.
The licorice extract market is impacted by limited awareness of its health benefits and medicinal applications. Import dependency creates price fluctuations, and lack of adequate distribution channels for health supplements restricts market reach, especially in rural areas.
Food safety regulations govern the licorice extract market, with policies requiring quality standards and import regulations. The government may also support the growth of the natural ingredients sector, encouraging safe and sustainable sourcing.
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 Dominica Licorice Extract Market Overview |
3.1 Dominica Country Macro Economic Indicators |
3.2 Dominica Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Dominica Licorice Extract Market - Industry Life Cycle |
3.4 Dominica Licorice Extract Market - Porter's Five Forces |
3.5 Dominica Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Dominica Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Dominica Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Dominica Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Dominica Licorice Extract Market Trends |
6 Dominica Licorice Extract Market Segmentations |
6.1 Dominica Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Dominica Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Dominica Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Dominica Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Dominica Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Dominica Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Dominica Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Dominica Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Dominica Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Dominica Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Dominica Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Dominica Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Dominica Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Dominica Licorice Extract Market Import-Export Trade Statistics |
7.1 Dominica Licorice Extract Market Export to Major Countries |
7.2 Dominica Licorice Extract Market Imports from Major Countries |
8 Dominica Licorice Extract Market Key Performance Indicators |
9 Dominica Licorice Extract Market - Opportunity Assessment |
9.1 Dominica Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Dominica Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Dominica Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Dominica Licorice Extract Market - Competitive Landscape |
10.1 Dominica Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Dominica Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |