| Product Code: ETC5002170 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guatemala`s licorice extract import market saw a notable shift in concentration levels from moderate to low in 2024, indicating increased diversity in import sources. The top exporting countries to Guatemala, including Uruguay, Mexico, China, Thailand, and Italy, play a significant role in supplying licorice extract. With a robust compound annual growth rate (CAGR) of 18.07% from 2020-2024 and a remarkable growth rate of 29.67% from 2023-2024, the market is showing promising expansion opportunities and heightened competition among exporters.

Guatemala's Licorice Extract market is anticipated to experience a stable growth rate of 1.42% by 2027, reflecting trends observed in the largest economy Brazil, followed by Mexico, Argentina, Colombia and Chile.

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 Guatemala Licorice Extract Market Overview |
3.1 Guatemala Country Macro Economic Indicators |
3.2 Guatemala Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Guatemala Licorice Extract Market - Industry Life Cycle |
3.4 Guatemala Licorice Extract Market - Porter's Five Forces |
3.5 Guatemala Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Guatemala Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Guatemala Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guatemala Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness about the health benefits of licorice extract |
4.2.2 Increasing demand for natural and organic ingredients in food and beverages |
4.2.3 Rising popularity of herbal supplements and traditional medicines |
4.3 Market Restraints |
4.3.1 Fluctuating prices of licorice roots due to weather conditions and crop yield |
4.3.2 Stringent regulations and quality standards affecting licorice extract production |
4.3.3 Limited availability of licorice plantations in Guatemala |
5 Guatemala Licorice Extract Market Trends |
6 Guatemala Licorice Extract Market Segmentations |
6.1 Guatemala Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Guatemala Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Guatemala Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Guatemala Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Guatemala Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Guatemala Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Guatemala Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Guatemala Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Guatemala Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Guatemala Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Guatemala Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Guatemala Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Guatemala Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Guatemala Licorice Extract Market Import-Export Trade Statistics |
7.1 Guatemala Licorice Extract Market Export to Major Countries |
7.2 Guatemala Licorice Extract Market Imports from Major Countries |
8 Guatemala Licorice Extract Market Key Performance Indicators |
8.1 Number of new product launches containing licorice extract |
8.2 Growth in the number of manufacturers using licorice extract in their products |
8.3 Increase in research and development investments in licorice extract applications |
9 Guatemala Licorice Extract Market - Opportunity Assessment |
9.1 Guatemala Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Guatemala Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Guatemala Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guatemala Licorice Extract Market - Competitive Landscape |
10.1 Guatemala Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Guatemala Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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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