Product Code: ETC389026 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Jordan Licorice Extract Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 1.30% in 2025 and reaches 1.58% by 2029.
The Licorice Extract market in Jordan is projected to grow at a stable growth rate of 1.49% by 2027, within the Middle East region led by Saudi Arabia, along with other countries like United Arab Emirates, Iran, Kuwait and Oman, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
In Jordan, the licorice extract market is growing due to its application in the food, beverage, and pharmaceutical industries. Licorice extract, known for its sweet flavor and medicinal properties, is used in confectionery, herbal teas, and cough syrups. The demand for natural and herbal ingredients in health and wellness products supports the market`s growth.
The Jordan licorice extract market is influenced by the increasing demand for natural sweeteners and flavoring agents in the food and beverage industry. The growing awareness of the health benefits of licorice extract, such as its anti-inflammatory and antioxidant properties, fuels market growth. Additionally, the use of licorice extract in the pharmaceutical industry for treating various health conditions supports market expansion. The trend towards natural and organic products further drives the market.
The Jordan licorice extract market faces several challenges despite the increasing demand for natural sweeteners and health supplements. One significant challenge is the limited availability of licorice plant cultivation and extraction facilities within the country, leading to reliance on imported licorice extract products. This dependence on international suppliers can result in supply chain disruptions and price volatility influenced by global market dynamics. Moreover, the variability in licorice extract quality and specifications poses challenges for manufacturers in meeting regulatory standards and customer expectations. Additionally, the lack of consumer awareness about the benefits and applications of licorice extract in Jordan hinders market growth and product adoption among health-conscious consumers and industries. Furthermore, the stringent regulatory requirements and safety standards for licorice extract production and labeling create compliance challenges for manufacturers and distributors, impacting market entry and product differentiation.
Jordan promotes licorice cultivation and sustainable harvesting practices. Policies include incentives for research in pharmaceutical and food applications of licorice extract.