Singapore Licorice Extract Market (2025-2031) Outlook | Growth, Companies, Value, Forecast, Industry, Share, Analysis, Revenue, Trends & Size
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: ETC389007 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Singapore Licorice Extract Market Size Growth Rate
The Singapore Licorice Extract Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Starting high at 4.37% in 2025, the market steadily declines to 1.81% by 2029.
Licorice Extract Market: Singapore vs Top 5 Major Economies in 2027 (Asia)
In the Asia region, the Licorice Extract market in Singapore is projected to expand at a stable growth rate of 4.00% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
Singapore Licorice Extract Market Synopsis
The Singapore licorice extract market provides a natural sweetener and flavoring agent for various food and confectionery products. Market trends are influenced by consumer demand for natural and healthier alternatives to traditional sweeteners. Quality assurance, responsible sourcing, and compliance with food safety standards are essential for industry players.
Drivers of the Market
The growth of the Singapore licorice extract market is driven by factors such as confectionery industry demands, herbal remedies, and flavor preferences. Licorice extract is used in various confectionery products and herbal formulations. Growth drivers include the demand for natural and sweetening ingredients, innovations in licorice extract production, and applications in candies, herbal supplements, and herbal teas. As consumers seek natural and herbal alternatives in their snacks and remedies, the licorice extract market is poised for growth, providing essential ingredients for confectionery and wellness products.
Challenges of the Market
The licorice extract market in Singapore encounters challenges concerning licorice sourcing, confectionery applications, and consumer preferences. Licorice extract is used as a flavoring agent in various confectionery products, and ensuring its quality, safety, and flavor consistency is vital. Addressing concerns about licorice ingredient sourcing, product formulation, and consumer demands for natural and authentic flavors is essential for market viability.
COVID-19 Impact on the Market
The licorice extract market in Singapore experienced changes during the COVID-19 pandemic. With fluctuations in consumer preferences and dietary choices, the market adjusted to evolving demand for licorice extract as a natural sweetener and flavoring agent. Licorice extract suppliers adapted by offering high-quality and safe products. The pandemic accelerated the trend of natural sweeteners and herbal flavors in food and beverage products, influencing market strategies.
Key Players in the Market
Companies such as Ransom Naturals and Real Flavors are significant players in Singapore licorice extract market. They offer licorice extract products used as flavoring agents in various food and beverage applications.
Key Highlights of the Report:
- Singapore Licorice Extract Market Outlook
- Market Size of Singapore Licorice Extract Market, 2024
- Forecast of Singapore Licorice Extract Market, 2031
- Historical Data and Forecast of Singapore Licorice Extract Revenues & Volume for the Period 2021-2031
- Singapore Licorice Extract Market Trend Evolution
- Singapore Licorice Extract Market Drivers and Challenges
- Singapore Licorice Extract Price Trends
- Singapore Licorice Extract Porter's Five Forces
- Singapore Licorice Extract Industry Life Cycle
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Food Grade for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Form for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Powder for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Liquid for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Block for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Tobacco for the Period 2021-2031
- Historical Data and Forecast of Singapore Licorice Extract Market Revenues & Volume By Others for the Period 2021-2031
- Singapore Licorice Extract Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Application
- Singapore Licorice Extract Top Companies Market Share
- Singapore Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
- Singapore Licorice Extract Company Profiles
- Singapore Licorice Extract Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Singapore Licorice Extract Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Singapore Licorice Extract Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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