Norway Licorice Extract Market (2025-2031) | Value, Industry, Segmentation, Analysis, Share, Forecast, Revenue, Growth, Trends, Companies, Size & Outlook

Name: Norway Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Norway Licorice Extract Market, Norway Licorice Extract Market Revenues, Norway Licorice Extract Market Share, Norway Licorice Extract Market Size, Norway Licorice Extract Market Outlook, Norway Licorice Extract Market Report, Norway Licorice Extract Market Competition, Norway Licorice Extract Market Overview, Norway Licorice Extract Market Trends, Norway Licorice Extract Market Forecast

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: ETC5002212	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Sachin Kumar Rai	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Norway Licorice Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Norway`s licorice extract import market in 2024 saw consistent low concentration among top exporting countries, with Denmark, China, Metropolitan France, Spain, and India leading the way. The CAGR from 2020 to 2024 remained negative at -1.78%, indicating a slight decline in overall import volumes. However, there was a marginal improvement in the growth rate from 2023 to 2024, although still negative at -0.97%. This suggests a challenging market environment for licorice extract imports in Norway, possibly influenced by various factors impacting the industry during this period.

Norway Licorice Extract Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Licorice Extract Market: Norway vs Top 5 Major Economies in 2027 (Europe)

The Licorice Extract market in Norway is projected to grow at a negative growth rate of -0.05% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

Licorice Extract Market: Norway vs Top 5 Major Economies in 2027 (Europe)

Norway Licorice Extract Market Overview

The Norway licorice extract market is experiencing a surge in demand, primarily driven by its applications in the food, pharmaceutical, and cosmetics industries. Licorice extract is valued for its sweetening properties and health benefits, including anti-inflammatory and antimicrobial effects. Norways focus on health and wellness products is boosting the demand for natural ingredients like licorice extract. Moreover, its use in herbal medicines and dietary supplements is further contributing to the market`s growth.

Drivers of the market

The licorice extract market in Norway is driven by its expanding application in the food, pharmaceutical, and cosmetic industries. The growing awareness of the health benefits associated with licorice extract, including its anti-inflammatory and antioxidant properties, is fueling its demand in Norway. Additionally, the rising consumer preference for natural and organic ingredients in food and personal care products is boosting the market`s growth.

Challenges of the market

In the Norway Licorice Extract Market, fluctuations in the availability of raw licorice due to unpredictable agricultural conditions present a major challenge. Moreover, increasing scrutiny from regulatory bodies regarding the health claims of licorice extract and potential side effects, such as its impact on blood pressure, have resulted in heightened compliance costs and reduced consumer confidence.

Government Policy of the market

The government of Norway supports the licorice extract market by regulating agricultural practices and encouraging sustainable farming methods. Policies related to food safety and health standards impact the import and export of licorice products. Furthermore, regulations surrounding the use of licorice in the food and pharmaceutical industries ensure consumer safety and market stability.

Key Highlights of the Report:

Norway Licorice Extract Market Outlook
Market Size of Norway Licorice Extract Market, 2024
Forecast of Norway Licorice Extract Market, 2031
Historical Data and Forecast of Norway Licorice Extract Revenues & Volume for the Period 2021-2031
Norway Licorice Extract Market Trend Evolution
Norway Licorice Extract Market Drivers and Challenges
Norway Licorice Extract Price Trends
Norway Licorice Extract Porter`s Five Forces
Norway Licorice Extract Industry Life Cycle
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Product Type for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Food Grade for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Form for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Powder for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Liquid for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Block for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Tobacco for the Period 2021-2031
Historical Data and Forecast of Norway Licorice Extract Market Revenues & Volume By Others for the Period 2021-2031
Norway Licorice Extract Import Export Trade Statistics
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Form
Market Opportunity Assessment By Application
Norway Licorice Extract Top Companies Market Share
Norway Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
Norway Licorice Extract Company Profiles
Norway Licorice Extract Key Strategic Recommendations

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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 Norway Licorice Extract Market Overview

3.1 Norway Country Macro Economic Indicators

3.2 Norway Licorice Extract Market Revenues & Volume, 2021 & 2031F

3.3 Norway Licorice Extract Market - Industry Life Cycle

3.4 Norway Licorice Extract Market - Porter's Five Forces

3.5 Norway Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Norway Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F

3.7 Norway Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Norway Licorice Extract Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing consumer awareness about the health benefits of licorice extract

4.2.2 Increasing demand for natural and plant-based ingredients in food and beverages

4.2.3 Rising popularity of licorice extract in pharmaceutical and nutraceutical industries

4.3 Market Restraints

4.3.1 Fluctuations in raw material prices affecting product cost

4.3.2 Stringent regulations and quality standards for licorice extract production

4.3.3 Competition from substitute products impacting market growth

5 Norway Licorice Extract Market Trends

6 Norway Licorice Extract Market Segmentations

6.1 Norway Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Norway Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F

6.1.3 Norway Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F

6.1.4 Norway Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F

6.2 Norway Licorice Extract Market, By Form

6.2.1 Overview and Analysis

6.2.2 Norway Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F

6.2.3 Norway Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F

6.2.4 Norway Licorice Extract Market Revenues & Volume, By Block, 2021-2031F

6.3 Norway Licorice Extract Market, By Application

6.3.1 Overview and Analysis

6.3.2 Norway Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F

6.3.3 Norway Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F

6.3.4 Norway Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F

6.3.5 Norway Licorice Extract Market Revenues & Volume, By Others, 2021-2031F

7 Norway Licorice Extract Market Import-Export Trade Statistics

7.1 Norway Licorice Extract Market Export to Major Countries

7.2 Norway Licorice Extract Market Imports from Major Countries

8 Norway Licorice Extract Market Key Performance Indicators

8.1 Research and development investment in new licorice extract formulations

8.2 Number of new product launches containing licorice extract

8.3 Consumer perception and acceptance of licorice extract as a healthy ingredient

9 Norway Licorice Extract Market - Opportunity Assessment

9.1 Norway Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Norway Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F

9.3 Norway Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F

10 Norway Licorice Extract Market - Competitive Landscape

10.1 Norway Licorice Extract Market Revenue Share, By Companies, 2024

10.2 Norway Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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