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

Ethiopia Licorice Extract Market Overview

The licorice extract market in Ethiopia is experiencing growth due to the increasing use of licorice in various industries, including food and beverages, cosmetics, and pharmaceuticals. Licorice extract, known for its natural sweetness and medicinal properties, is in demand for use in herbal medicines, sweets, and as a flavoring agent. Additionally, its potential health benefits, such as anti-inflammatory and antioxidant properties, are contributing to its popularity. As consumers in Ethiopia and the broader East African region lean towards natural ingredients, the market for licorice extract is poised for further growth.

Drivers of the market

The licorice extract market in Ethiopia is growing due to its expanding use in the food and beverage industry, particularly in the production of confectionery, candies, and herbal teas. Licorice extract is also recognized for its medicinal properties, including its role in treating digestive issues, respiratory conditions, and skin problems. As Ethiopian consumers become more health-conscious, the demand for natural ingredients with therapeutic benefits is rising. Moreover, the use of licorice extract in the cosmetic industry, as an ingredient in skin lightening products, is further supporting the market`s growth. Additionally, the increasing popularity of traditional medicine is contributing to the demand for licorice-based products.

Challenges of the market

The licorice extract market in Ethiopia is benefiting from the growing demand for natural, plant-based ingredients in the food, cosmetics, and pharmaceutical industries. Licorice extract, known for its flavoring, medicinal, and antioxidant properties, is increasingly being used in various applications, including herbal medicines, dietary supplements, and confectionery products. As consumers shift towards healthier, natural alternatives, Ethiopia’s growing agricultural sector, which includes licorice root cultivation, is fostering market expansion. Additionally, the global demand for licorice extract as a flavoring agent and natural remedy is contributing to the growth of the local market.

Government Policy of the market

To boost the agricultural export sector, Ethiopia has facilitated the cultivation and processing of licorice. Policies include offering subsidies for licorice farming and support for small-scale producers to enter international markets.

Key Highlights of the Report:

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