The import of liquorice extract to Canada is expected to see a moderate annual growth from 2024 to 2028. The value of imports is projected to increase from $1.5963 million in 2024 to $1.7265 million in 2028. This represents a consistent yearly growth pattern, with year-on-year increases ranging from approximately 2% to 2.4%. No data is provided for 2023, but this forecast suggests a steady interest and demand for liquorice extract in Canada, supported by an average annual compound growth rate (CAGR) of about 2.4% over this five-year period.

Looking ahead, several trends could influence the import levels of liquorice extract:

Growing consumer interest in natural and herbal supplements might boost demand.
Regulatory changes regarding the use of liquorice in food and pharmaceuticals could impact import volumes.
Economic factors, including currency fluctuations and trade agreements, may alter import dynamics.