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

Name: Estonia Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Estonia Licorice Extract Market, Estonia Licorice Extract Market Revenues, Estonia Licorice Extract Market Share, Estonia Licorice Extract Market Size, Estonia Licorice Extract Market Outlook, Estonia Licorice Extract Market Report, Estonia Licorice Extract Market Competition, Estonia Licorice Extract Market Overview, Estonia Licorice Extract Market Trends, Estonia 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: ETC5002162	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

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

Estonia`s licorice extract import market in 2024 saw significant contributions from top exporting countries including China, USA, Russia, Spain, and India. Despite the diverse sources, the market exhibited low concentration based on the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 5.91%, indicating steady growth. However, there was a notable decline in growth rate from 2023 to 2024 at -24.86%, suggesting a potential shift or temporary slowdown in the market dynamics. Monitoring future trends and developments will be crucial for stakeholders in the licorice extract import industry in Estonia.

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

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

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.

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

Estonia Licorice Extract Market Overview

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.

Drivers of the market

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.

Challenges of the market

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.

Government Policy of the market

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.

Key Highlights of the Report:

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

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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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