| Product Code: ETC7416859 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Guyana continued to see significant import shipments of licorice root, with top exporting countries being the UK, India, USA, Trinidad and Tobago, and the Netherlands. The market concentration, as measured by the HHI, remained very high, indicating a continued dominance by key exporters. Despite a negative CAGR from 2020-24, there was a positive growth rate of 4.6% in 2024 compared to the previous year, signaling potential opportunities for the licorice root market in Guyana.

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 Guyana Licorice Root Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Licorice Root Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Licorice Root Market - Industry Life Cycle |
3.4 Guyana Licorice Root Market - Porter's Five Forces |
3.5 Guyana Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.6 Guyana Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Guyana Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
3.8 Guyana Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.9 Guyana Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.10 Guyana Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F |
3.11 Guyana Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Guyana Licorice Root Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Guyana Licorice Root Market Trends |
6 Guyana Licorice Root Market, By Types |
6.1 Guyana Licorice Root Market, By Product Form |
6.1.1 Overview and Analysis |
6.1.2 Guyana Licorice Root Market Revenues & Volume, By Product Form, 2021- 2031F |
6.1.3 Guyana Licorice Root Market Revenues & Volume, By Roots, 2021- 2031F |
6.1.4 Guyana Licorice Root Market Revenues & Volume, By Extracts, 2021- 2031F |
6.2 Guyana Licorice Root Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Guyana Licorice Root Market Revenues & Volume, By Essential Oils, 2021- 2031F |
6.2.3 Guyana Licorice Root Market Revenues & Volume, By Liquid Malt Extract, 2021- 2031F |
6.2.4 Guyana Licorice Root Market Revenues & Volume, By Oleoresins, 2021- 2031F |
6.2.5 Guyana Licorice Root Market Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021- 2031F |
6.2.6 Guyana Licorice Root Market Revenues & Volume, By Malt Flour, 2021- 2031F |
6.3 Guyana Licorice Root Market, By Function Type |
6.3.1 Overview and Analysis |
6.3.2 Guyana Licorice Root Market Revenues & Volume, By Performance Enhancers, 2021- 2031F |
6.3.3 Guyana Licorice Root Market Revenues & Volume, By Palatability Enhancers, 2021- 2031F |
6.4 Guyana Licorice Root Market, By Grade Type |
6.4.1 Overview and Analysis |
6.4.2 Guyana Licorice Root Market Revenues & Volume, By Standard Malt, 2021- 2031F |
6.4.3 Guyana Licorice Root Market Revenues & Volume, By Caramelized Malt, 2021- 2031F |
6.4.4 Guyana Licorice Root Market Revenues & Volume, By Roasted Malt, 2021- 2031F |
6.5 Guyana Licorice Root Market, By Raw Material Type |
6.5.1 Overview and Analysis |
6.5.2 Guyana Licorice Root Market Revenues & Volume, By Maize, 2021- 2031F |
6.5.3 Guyana Licorice Root Market Revenues & Volume, By Barley, 2021- 2031F |
6.5.4 Guyana Licorice Root Market Revenues & Volume, By Wheat, 2021- 2031F |
6.5.5 Guyana Licorice Root Market Revenues & Volume, By Rice, 2021- 2031F |
6.5.6 Guyana Licorice Root Market Revenues & Volume, By Rye, 2021- 2031F |
6.5.7 Guyana Licorice Root Market Revenues & Volume, By Oat, 2021- 2031F |
6.6 Guyana Licorice Root Market, By Ingredient Type |
6.6.1 Overview and Analysis |
6.6.2 Guyana Licorice Root Market Revenues & Volume, By Lipids, 2021- 2031F |
6.6.3 Guyana Licorice Root Market Revenues & Volume, By Protein, 2021- 2031F |
6.6.4 Guyana Licorice Root Market Revenues & Volume, By Polysaccharide, 2021- 2031F |
6.6.5 Guyana Licorice Root Market Revenues & Volume, By Others, 2021- 2031F |
6.7 Guyana Licorice Root Market, By End User |
6.7.1 Overview and Analysis |
6.7.2 Guyana Licorice Root Market Revenues & Volume, By Food and Beverage Industry, 2021- 2031F |
6.7.3 Guyana Licorice Root Market Revenues & Volume, By Tobacco Industry, 2021- 2031F |
6.7.4 Guyana Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.5 Guyana Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F |
6.7.6 Guyana Licorice Root Market Revenues & Volume, By Dietary Supplement, 2021- 2031F |
7 Guyana Licorice Root Market Import-Export Trade Statistics |
7.1 Guyana Licorice Root Market Export to Major Countries |
7.2 Guyana Licorice Root Market Imports from Major Countries |
8 Guyana Licorice Root Market Key Performance Indicators |
9 Guyana Licorice Root Market - Opportunity Assessment |
9.1 Guyana Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F |
9.2 Guyana Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Guyana Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F |
9.4 Guyana Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
9.5 Guyana Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
9.6 Guyana Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F |
9.7 Guyana Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Guyana Licorice Root Market - Competitive Landscape |
10.1 Guyana Licorice Root Market Revenue Share, By Companies, 2024 |
10.2 Guyana Licorice Root 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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