Product Code: ETC5002238 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Sweden Licorice Extract Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at -0.05% in 2025, the market peaks at -0.05% in 2026, and settles at -0.11% by 2029.
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 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.
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.
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.
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.
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 |