Product Code: ETC5002162 | 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 Estonia Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. From 0.10% in 2025, the growth rate steadily ascends to 2.31% in 2029.
By 2027, the Licorice Extract market in Estonia is anticipated to reach a growth rate of -0.25%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.
The licorice extract market in Estonia is influenced by its use in the food, pharmaceutical, and cosmetic industries. Licorice extract is valued for its natural sweetening properties and medicinal benefits, including its role in digestion and respiratory health. As consumer interest in natural and herbal ingredients grows, the licorice extract market in Estonia is expanding, with applications ranging from confectionery to herbal supplements.
The demand for licorice extract in Estonia is driven by its use in the food, pharmaceutical, and cosmetic industries. Its health benefits, particularly for digestive health and as an anti-inflammatory agent, are increasing its popularity among consumers. The growing trend towards natural ingredients in food products, as well as the demand for herbal remedies and beauty products, is further contributing to the market expansion.
The Estonia Licorice Extract Market faces challenges due to changing consumer preferences for natural and organic products. Additionally, supply chain disruptions related to the sourcing of high-quality licorice root from specific regions affect market stability. Competition from synthetic alternatives and the need to adhere to food safety regulations also impact the market. Furthermore, the market faces pressures from fluctuating prices of raw materials and the need to manage production costs effectively.
The Estonian government supports licorice cultivation and processing through agricultural grants and subsidies. Policies also focus on ensuring product quality and compliance with EU food and pharmaceutical regulations.
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 Estonia Licorice Extract Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Licorice Extract Market - Industry Life Cycle |
3.4 Estonia Licorice Extract Market - Porter's Five Forces |
3.5 Estonia Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Estonia Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Estonia Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Estonia Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Estonia Licorice Extract Market Trends |
6 Estonia Licorice Extract Market Segmentations |
6.1 Estonia Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Estonia Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Estonia Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Estonia Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Estonia Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Estonia Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Estonia Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Estonia Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Estonia Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Estonia Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Estonia Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Estonia Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Estonia Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Estonia Licorice Extract Market Import-Export Trade Statistics |
7.1 Estonia Licorice Extract Market Export to Major Countries |
7.2 Estonia Licorice Extract Market Imports from Major Countries |
8 Estonia Licorice Extract Market Key Performance Indicators |
9 Estonia Licorice Extract Market - Opportunity Assessment |
9.1 Estonia Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Estonia Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Estonia Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Estonia Licorice Extract Market - Competitive Landscape |
10.1 Estonia Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Estonia Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |