| Product Code: ETC5002189 | 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 |
The Lithuania licorice extract import market experienced a shift in concentration levels from moderate to high in 2024, with top exporting countries being China, Metropolitan France, Italy, Other Europe, and Spain. Despite a slight decline in growth rate in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained positive at 1.51%. This suggests a steady demand for licorice extract in Lithuania, with key players in the market maintaining their positions and potentially exploring opportunities for further expansion.

By 2027, the Licorice Extract market in Lithuania is anticipated to reach a growth rate of 0.81%, as part of an increasingly competitive Europe region, where Germany remains at the forefront, supported by United Kingdom, France, Italy and Russia, driving innovations and market adoption across sectors.

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 Lithuania Licorice Extract Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Licorice Extract Market - Industry Life Cycle |
3.4 Lithuania Licorice Extract Market - Porter's Five Forces |
3.5 Lithuania Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Lithuania Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Lithuania Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness about the health benefits of licorice extract |
4.2.2 Increasing demand for natural and organic ingredients in the food and pharmaceutical industries |
4.2.3 Rising popularity of licorice extract in skincare and cosmetics products |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting the cost of licorice extract production |
4.3.2 Stringent regulations and quality standards in the food and pharmaceutical sectors affecting market entry barriers |
5 Lithuania Licorice Extract Market Trends |
6 Lithuania Licorice Extract Market Segmentations |
6.1 Lithuania Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Lithuania Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Lithuania Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Lithuania Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Lithuania Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Lithuania Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Lithuania Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Lithuania Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Lithuania Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Lithuania Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Lithuania Licorice Extract Market Import-Export Trade Statistics |
7.1 Lithuania Licorice Extract Market Export to Major Countries |
7.2 Lithuania Licorice Extract Market Imports from Major Countries |
8 Lithuania Licorice Extract Market Key Performance Indicators |
8.1 Consumer interest and search volume for licorice extract-based products |
8.2 Number of new product launches containing licorice extract |
8.3 Investment in research and development for innovative applications of licorice extract |
9 Lithuania Licorice Extract Market - Opportunity Assessment |
9.1 Lithuania Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Lithuania Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Lithuania Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania Licorice Extract Market - Competitive Landscape |
10.1 Lithuania Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Lithuania 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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