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

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