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

Name: Finland Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Finland Licorice Extract Market, Finland Licorice Extract Market Revenues, Finland Licorice Extract Market Share, Finland Licorice Extract Market Size, Finland Licorice Extract Market Outlook, Finland Licorice Extract Market Report, Finland Licorice Extract Market Competition, Finland Licorice Extract Market Overview, Finland Licorice Extract Market Trends, Finland 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: ETC5002165	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

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

The Finland licorice extract import market showed steady growth from 2020 to 2024, with a Compound Annual Growth Rate (CAGR) of 3.66%. In 2024, the market experienced a significant growth rate of 14.59% compared to the previous year. The top exporting countries to Finland in 2024 were Metropolitan France, China, Denmark, India, and Italy. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), shifted from low to moderate concentration, indicating a more competitive landscape. This data suggests a positive outlook for the licorice extract import market in Finland.

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

Finland Licorice Extract Market Overview

The licorice extract market in Finland is growing, driven by the countrys strong tradition of consuming licorice in various forms, including candies, beverages, and herbal remedies. Finnish consumers have long favored licorice for its distinctive taste and purported health benefits. Licorice extract is also used in the pharmaceutical and cosmetics industries for its anti-inflammatory and antioxidant properties. As consumer interest in natural and functional foods grows, the demand for licorice extract in Finland is expected to continue rising, particularly for its use in health and wellness products.

Drivers of the market

The licorice extract market in Finland is expanding, driven by the increasing demand for natural ingredients in the food, cosmetics, and pharmaceutical industries. Licorice extract is valued for its flavoring properties and potential health benefits, such as its antioxidant and anti-inflammatory effects. As consumers seek clean-label products with natural additives, the demand for licorice extract is expected to grow.

Challenges of the market

The licorice extract market in Finland faces challenges related to fluctuating demand in both domestic and international markets. While licorice is a traditional treat, changing consumer preferences for healthier snacks, including reduced sugar content, are reducing the demand for licorice-based products. Additionally, there is a challenge in sourcing raw materials, as licorice is a niche crop with limited cultivation areas.

Government Policy of the market

In Finland, the Licorice Extract market is influenced by food safety and quality regulations, particularly regarding natural additives in food products. Government policies promoting the use of natural and organic ingredients in the food sector positively impact the licorice extract market. Additionally, Finland`s emphasis on consumer health and wellness trends encourages the use of licorice extract in functional foods and beverages, driving demand.

Key Highlights of the Report:

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

3.1 Finland Country Macro Economic Indicators

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

3.3 Finland Licorice Extract Market - Industry Life Cycle

3.4 Finland Licorice Extract Market - Porter's Five Forces

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

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

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

4 Finland Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness about the health benefits of licorice extract

4.2.2 Growing demand for natural and organic ingredients in the food and beverage industry

4.2.3 Rising popularity of Finnish licorice extract in the global market due to its quality and purity

4.3 Market Restraints

4.3.1 Fluctuating prices of licorice root, impacting the cost of production

4.3.2 Regulatory challenges related to safety and quality standards in the licorice extract industry

5 Finland Licorice Extract Market Trends

6 Finland Licorice Extract Market Segmentations

6.1 Finland Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Finland Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Finland Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Finland Licorice Extract Market Import-Export Trade Statistics

7.1 Finland Licorice Extract Market Export to Major Countries

7.2 Finland Licorice Extract Market Imports from Major Countries

8 Finland Licorice Extract Market Key Performance Indicators

8.1 Percentage growth in the number of products incorporating Finnish licorice extract

8.2 Number of new entrants or expansions in the Finnish licorice extract market

8.3 Research and development investment in innovative applications of licorice extract

9 Finland Licorice Extract Market - Opportunity Assessment

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

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

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

10 Finland Licorice Extract Market - Competitive Landscape

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

10.2 Finland 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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