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

Name: Fiji Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Fiji Licorice Extract Market, Fiji Licorice Extract Market Revenues, Fiji Licorice Extract Market Share, Fiji Licorice Extract Market Size, Fiji Licorice Extract Market Outlook, Fiji Licorice Extract Market Report, Fiji Licorice Extract Market Competition, Fiji Licorice Extract Market Overview, Fiji Licorice Extract Market Trends, Fiji 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: ETC5002164	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

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

The import of licorice extract to Fiji saw significant growth in 2024, with top exporting countries including New Zealand, Australia, India, Metropolitan France, and China. Despite high concentration levels, the market experienced a remarkable Compound Annual Growth Rate (CAGR) of 49.76% from 2020 to 2024. The growth momentum continued into 2024, with a notable growth rate of 75.85% compared to the previous year. These trends indicate a strong demand for licorice extract in Fiji, presenting lucrative opportunities for market players in the industry.

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

Licorice Extract Market: Fiji vs Top 5 Major Economies in 2027 (Asia)

In the Asia region, the Licorice Extract market in Fiji is projected to expand at a stable growth rate of 2.60% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

Licorice Extract Market: Fiji vs Top 5 Major Economies in 2027 (Asia)

Fiji Licorice Extract Market Overview

The licorice extract market in Fiji caters to the food, pharmaceutical, and cosmetic industries. Known for its sweetening and medicinal properties, licorice is used in herbal remedies, confectionery, and skincare products.

Drivers of the market

The licorice extract market in Fiji is fueled by the growing demand for natural ingredients in food, beverages, and health products. Licorice is valued for its medicinal properties and is commonly used in traditional remedies, as well as in candy production. The increasing consumer interest in herbal and natural products drives the demand for licorice extract, especially as a flavoring agent and functional ingredient in the food industry. Furthermore, licorice`s popularity in the pharmaceutical and cosmetic sectors for its anti-inflammatory, anti-viral, and antioxidant properties supports market growth.

Challenges of the market

The licorice extract market in Fiji is limited, with applications in pharmaceuticals, cosmetics, and confectionery. Challenges include the dependency on imports and fluctuating global prices for licorice root.

Government Policy of the market

Fijis agriculture policies aimed at promoting herbal and natural products have positively influenced the licorice extract market. Government programs supporting the cultivation of medicinal plants, along with incentives for exports of organic and plant-based products, bolster the development of this sector. Furthermore, trade agreements and collaborations with international herbal product manufacturers provide growth opportunities.

Key Highlights of the Report:

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

3.1 Fiji Country Macro Economic Indicators

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

3.3 Fiji Licorice Extract Market - Industry Life Cycle

3.4 Fiji Licorice Extract Market - Porter's Five Forces

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

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

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

4 Fiji Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Fiji Licorice Extract Market Trends

6 Fiji Licorice Extract Market Segmentations

6.1 Fiji Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Fiji Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Fiji Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Fiji Licorice Extract Market Import-Export Trade Statistics

7.1 Fiji Licorice Extract Market Export to Major Countries

7.2 Fiji Licorice Extract Market Imports from Major Countries

8 Fiji Licorice Extract Market Key Performance Indicators

9 Fiji Licorice Extract Market - Opportunity Assessment

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

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

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

10 Fiji Licorice Extract Market - Competitive Landscape

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

10.2 Fiji 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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