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

Name: Sweden Licorice Extract Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Licorice Extract Market, Sweden Licorice Extract Market, Sweden Licorice Extract Market Revenues, Sweden Licorice Extract Market Share, Sweden Licorice Extract Market Size, Sweden Licorice Extract Market Outlook, Sweden Licorice Extract Market Report, Sweden Licorice Extract Market Competition, Sweden Licorice Extract Market Overview, Sweden Licorice Extract Market Trends, Sweden 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: ETC5002238	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

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

Sweden`s licorice extract import shipments in 2024 saw a diverse range of top exporting countries, including India, China, Metropolitan France, Germany, and Spain. Despite the negative compound annual growth rate (CAGR) from 2020 to 2024, there was a significant growth spurt from 2023 to 2024 with a growth rate of 24.66%. The low Herfindahl-Hirschman Index (HHI) indicates a lack of concentration among exporters, suggesting a competitive market landscape. This data reflects the dynamic nature of the licorice extract market in Sweden, with opportunities for both established and emerging players to capture market share.

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

The Licorice Extract market in Sweden is projected to grow at a negative growth rate of -0.05% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

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

Sweden Licorice Extract Market Overview

Licorice extract is used in Swedens food, beverage, and pharmaceutical industries. Known for its sweetening and medicinal properties, licorice is popular as a natural flavoring and therapeutic agent.

Drivers of the market

The licorice extract market in Sweden is driven by the rising demand for natural flavoring agents in food and beverages. Increasing consumer interest in herbal remedies and natural ingredients is fueling the popularity of licorice extract, known for its health benefits. Additionally, the expanding applications of licorice extract in the cosmetics and pharmaceutical industries are contributing to market growth. The ongoing trend towards clean label products and the demand for authentic flavors are further enhancing the appeal of licorice extract in various applications.

Challenges of the market

The licorice extract market in Sweden faces challenges related to fluctuating raw material availability and pricing. As licorice is a niche product, supply chain disruptions can significantly impact the market. Additionally, increasing consumer awareness regarding health and safety concerns associated with excessive consumption of licorice extracts necessitates clear labeling and responsible marketing practices. Competition from alternative flavoring agents and the need for compliance with stringent food safety regulations further complicate the market landscape.

Government Policy of the market

In Sweden, the licorice extract market is shaped by government regulations focused on food safety and consumer health. The government enforces strict guidelines regarding the use of licorice in food products, particularly concerning its glycyrrhizin content due to potential health risks associated with excessive consumption. These regulations influence product formulations and labeling requirements, ensuring that consumers are adequately informed. Additionally, the Swedish government promotes sustainable agricultural practices, encouraging licorice producers to adopt eco-friendly cultivation methods that align with broader sustainability objectives.

Key Highlights of the Report:

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

3.1 Sweden Country Macro Economic Indicators

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

3.3 Sweden Licorice Extract Market - Industry Life Cycle

3.4 Sweden Licorice Extract Market - Porter's Five Forces

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

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

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

4 Sweden 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 herbal products in the skincare and pharmaceutical industries

4.2.3 Rising popularity of licorice extract in food and beverage applications

4.3 Market Restraints

4.3.1 Fluctuations in raw material prices impacting production costs

4.3.2 Stringent regulations and quality standards in the herbal products industry

4.3.3 Competition from alternative natural ingredients in the market

5 Sweden Licorice Extract Market Trends

6 Sweden Licorice Extract Market Segmentations

6.1 Sweden Licorice Extract Market, By Product Type

6.1.1 Overview and Analysis

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

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

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

6.2 Sweden Licorice Extract Market, By Form

6.2.1 Overview and Analysis

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

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

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

6.3 Sweden Licorice Extract Market, By Application

6.3.1 Overview and Analysis

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

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

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

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

7 Sweden Licorice Extract Market Import-Export Trade Statistics

7.1 Sweden Licorice Extract Market Export to Major Countries

7.2 Sweden Licorice Extract Market Imports from Major Countries

8 Sweden 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 in various applications

8.4 Adoption rate of licorice extract in pharmaceutical and skincare formulations

9 Sweden Licorice Extract Market - Opportunity Assessment

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

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

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

10 Sweden Licorice Extract Market - Competitive Landscape

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

10.2 Sweden 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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