| Product Code: ETC5002198 | 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 licorice extract import market in Mauritius is experiencing rapid growth, with a high concentration of imports from top exporting countries such as Italy, Slovenia, and Metropolitan France. The sharp increase in the Herfindahl-Hirschman Index (HHI) from moderate to high concentration in 2024 indicates a more competitive landscape. The impressive compound annual growth rate (CAGR) of 12.4% from 2020 to 2024, along with the substantial growth rate of 81.32% in 2024, highlights the increasing demand for licorice extract in Mauritius. This trend suggests significant opportunities for market expansion and potential for further growth in the coming years.

Mauritius's Licorice Extract market is anticipated to experience a stable growth rate of 1.67% by 2027, reflecting trends observed in the largest economy Egypt, followed by South Africa, Algeria, Nigeria and Morocco.

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 Mauritius Licorice Extract Market Overview |
3.1 Mauritius Country Macro Economic Indicators |
3.2 Mauritius Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Mauritius Licorice Extract Market - Industry Life Cycle |
3.4 Mauritius Licorice Extract Market - Porter's Five Forces |
3.5 Mauritius Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Mauritius Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Mauritius Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Mauritius Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mauritius Licorice Extract Market Trends |
6 Mauritius Licorice Extract Market Segmentations |
6.1 Mauritius Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Mauritius Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Mauritius Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Mauritius Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Mauritius Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Mauritius Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Mauritius Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Mauritius Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Mauritius Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Mauritius Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Mauritius Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Mauritius Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Mauritius Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Mauritius Licorice Extract Market Import-Export Trade Statistics |
7.1 Mauritius Licorice Extract Market Export to Major Countries |
7.2 Mauritius Licorice Extract Market Imports from Major Countries |
8 Mauritius Licorice Extract Market Key Performance Indicators |
9 Mauritius Licorice Extract Market - Opportunity Assessment |
9.1 Mauritius Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Mauritius Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Mauritius Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Mauritius Licorice Extract Market - Competitive Landscape |
10.1 Mauritius Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Mauritius 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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