Kazakhstan Licorice Extract Market Outlook | Revenue, Size, COVID-19 IMPACT, Share, Companies, Growth, Value, Forecast, Industry, Analysis & Trends

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: ETC389038 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

Kazakhstan Licorice Extract Market Size Growth Rate


The Kazakhstan Licorice Extract Market could see a tapering of growth rates over 2025 to 2029. Starting high at 10.59% in 2025, the market steadily declines to 5.94% by 2029.

Kazakhstan Licorice Extract Market Growth Rate

Licorice Extract Market: Kazakhstan vs Top 5 Major Economies in 2027 (Asia)


By 2027, the Licorice Extract market in Kazakhstan is anticipated to reach a growth rate of 9.81%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

Licorice Extract Market: Kazakhstan vs Top 5 Major Economies in 2027 (Asia)

Kazakhstan Licorice Extract Market Overview

Licorice extract finds diverse applications in the food and beverage, pharmaceutical, and cosmetic industries in Kazakhstan. Its natural sweetness and medicinal properties make it a sought-after ingredient, driving demand for licorice extract across multiple sectors.

Drivers of the market

The licorice extract market in Kazakhstan is driven by its extensive use in the pharmaceutical, food and beverage, and cosmetics industries. The growing consumer preference for natural and herbal products, along with the recognized health benefits of licorice extract, such as its anti-inflammatory and antioxidant properties, fuels market demand.

Challenges of the market

A challenge in the licorice extract market is the fluctuation in licorice root supply due to environmental factors and agricultural conditions. Ensuring stable and sustainable sourcing practices, as well as investing in research and development for alternative sources, can help mitigate supply chain risks.

Government Policy of the market

Regulations governing the licorice extract market focus on product quality and safety standards, as well as sustainable harvesting practices. The government may also support research and development efforts to explore new applications for licorice extract in various industries.

Key Highlights of the Report:

  • Kazakhstan Licorice Extract Market Outlook
  • Market Size of Kazakhstan Licorice Extract Market, 2024
  • Forecast of Kazakhstan Licorice Extract Market, 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Revenues & Volume for the Period 2018 - 2031
  • Kazakhstan Licorice Extract Market Trend Evolution
  • Kazakhstan Licorice Extract Market Drivers and Challenges
  • Kazakhstan Licorice Extract Price Trends
  • Kazakhstan Licorice Extract Porter's Five Forces
  • Kazakhstan Licorice Extract Industry Life Cycle
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Product Type for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Food Grade for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Form for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Powder for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Liquid for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Block for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Application for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Tobacco for the Period 2018 - 2031
  • Historical Data and Forecast of Kazakhstan Licorice Extract Market Revenues & Volume By Others for the Period 2018 - 2031
  • Kazakhstan Licorice Extract Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Kazakhstan Licorice Extract Top Companies Market Share
  • Kazakhstan Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
  • Kazakhstan Licorice Extract Company Profiles
  • Kazakhstan Licorice Extract Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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