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

Name: Greece Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Greece Licorice Extract Market, Greece Licorice Extract Market Revenues, Greece Licorice Extract Market Share, Greece Licorice Extract Market Size, Greece Licorice Extract Market Outlook, Greece Licorice Extract Market Report, Greece Licorice Extract Market Competition, Greece Licorice Extract Market Overview, Greece Licorice Extract Market Trends, Greece 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: ETC5002168	Publication Date: Nov 2023	Updated Date: Jan 2026	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Greece Licorice Extract Market: Import Trend Analysis

In the Greece licorice extract market, import trends showed a 7.5% growth rate from 2023 to 2024, with a compound annual growth rate (CAGR) of 4.15% from 2020 to 2024. This import momentum can be attributed to a sustained demand shift towards licorice extract-based products in various industries, indicating market stability amidst evolving consumer preferences.

Greece Licorice Extract Market: Import Trend Analysis

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

By 2027, Greece's Licorice Extract market is forecasted to achieve a stable growth rate of 0.18%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.

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

Greece Licorice Extract Market Overview

The licorice extract market in Greece is driven by its use in food, beverages, pharmaceuticals, and cosmetics. Licorice extract is valued for its flavoring and medicinal properties, including its use in cough syrups and digestive aids. The market is influenced by consumer preferences for natural ingredients in food and health products, as well as demand from the Mediterranean region for traditional herbal remedies.

Drivers of the market

The licorice extract market in Greece is expanding as licorice is used in a variety of applications, including food and beverages, pharmaceuticals, and cosmetics. The growing demand for natural flavoring agents, functional ingredients, and herbal remedies is driving the use of licorice extract. Additionally, its anti-inflammatory and antioxidant properties are contributing to its popularity in health-related products.

Challenges of the market

In Greece, the Licorice Extract market is facing challenges related to supply chain issues and fluctuating raw material costs. Licorice is an expensive raw material, and variations in its availability can lead to price volatility. Moreover, consumer preferences are shifting towards healthier and more natural products, increasing demand for organic licorice extracts, which are more costly to produce. The market is also confronted with regulatory challenges, including restrictions on the use of licorice in certain food products due to health concerns related to glycyrrhizin content.

Government Policy of the market

The licorice extract market in Greece is regulated under food safety and natural product laws that align with EU guidelines. Policies ensure that licorice extracts meet health and safety standards, especially in food and pharmaceutical applications. The Greek government encourages the use of organic and sustainably sourced licorice, promoting environmental responsibility in the production process. Additionally, policies support the development of new licorice-based products, particularly those that meet the growing consumer demand for natural and health-conscious ingredients.

Key Highlights of the Report:

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

3.1 Greece Country Macro Economic Indicators

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

3.3 Greece Licorice Extract Market - Industry Life Cycle

3.4 Greece Licorice Extract Market - Porter's Five Forces

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

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

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

4 Greece 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 Expansion of the pharmaceutical and nutraceutical sectors in Greece

4.3 Market Restraints

4.3.1 Fluctuating prices of licorice roots impacting the production cost

4.3.2 Stringent regulations related to the usage and extraction of licorice extract

4.3.3 Limited availability of licorice plants leading to supply chain challenges

5 Greece Licorice Extract Market Trends

6 Greece Licorice Extract Market Segmentations

6.1 Greece Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Greece Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Greece Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Greece Licorice Extract Market Import-Export Trade Statistics

7.1 Greece Licorice Extract Market Export to Major Countries

7.2 Greece Licorice Extract Market Imports from Major Countries

8 Greece Licorice Extract Market Key Performance Indicators

8.1 Number of new product launches incorporating licorice extract

8.2 Percentage increase in research and development investments in licorice extract applications

8.3 Growth in the number of partnerships or collaborations between licorice extract suppliers and end-user industries

9 Greece Licorice Extract Market - Opportunity Assessment

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

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

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

10 Greece Licorice Extract Market - Competitive Landscape

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

10.2 Greece 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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