Licorice Extract Market by Product Type (Feed Grade, Food Grade, Pharmaceutical Grade), Form (Block, Liquid, Powder), Application - Global Forecast 2024-2030

Licorice Extract Market by Product Type (Feed Grade, Food Grade, Pharmaceutical Grade), Form (Block, Liquid, Powder), Application - Global Forecast 2024-2030


The Licorice Extract Market size was estimated at USD 2.02 billion in 2023 and expected to reach USD 2.12 billion in 2024, at a CAGR 5.84% to reach USD 3.01 billion by 2030.

Global Licorice Extract Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Licorice Extract Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Licorice Extract Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Licorice Extract Market, highlighting leading vendors and their innovative profiles. These include Beijing Gingko Group, Bio-Botanica Inc., Enzymedica, Inc., F&C Licorice Ltd., Himalaya Wellness Company, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co., Ltd., Natural Factors USA, Nature’s Way Products, LLC, Norevo GmbH, NOW Health Group, Inc., Planetary Herbals, Inc., Sepidan Osareh Jonoob Co., VPL Chemicals Pvt Ltd., and Zagros Licorice Co..

Market Segmentation & Coverage

This research report categorizes the Licorice Extract Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
Feed Grade

Food Grade

Pharmaceutical Grade

Form
Block

Liquid

Powder

Application
Food & Beverages

Pharmaceutical

Tobacco

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Licorice Extract Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Licorice Extract Market?
3. What are the technology trends and regulatory frameworks in the Licorice Extract Market?
4. What is the market share of the leading vendors in the Licorice Extract Market?
5. Which modes and strategic moves are suitable for entering the Licorice Extract Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Licorice Extract Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing use of licorice for treatment of various ailments
5.1.1.2. Need for flavoring agents and additives in the food and beverage industry
5.1.1.3. Government support to improve licorice production
5.1.2. Restraints
5.1.2.1. High price of licorice extract
5.1.3. Opportunities
5.1.3.1. Investments in microencapsulation technologies
5.1.3.2. Development of innovative licorice products
5.1.4. Challenges
5.1.4.1. Production complexities associated with licorice extract
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Licorice Extract Market, by Product Type
6.1. Introduction
6.2. Feed Grade
6.3. Food Grade
6.4. Pharmaceutical Grade
7. Licorice Extract Market, by Form
7.1. Introduction
7.2. Block
7.3. Liquid
7.4. Powder
8. Licorice Extract Market, by Application
8.1. Introduction
8.2. Food & Beverages
8.3. Pharmaceutical
8.4. Tobacco
9. Americas Licorice Extract Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Licorice Extract Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.
10. South Korea
10.
11. Taiwan
10.
12. Thailand
10.
13. Vietnam
11. Europe, Middle East & Africa Licorice Extract Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.
10. Nigeria
11.
11. Norway
11.
12. Poland
11.
13. Qatar
11.
14. Russia
11.
15. Saudi Arabia
11.
16. South Africa
11.
17. Spain
11.
18. Sweden
11.
19. Switzerland
11.
20. Turkey
11.
21. United Arab Emirates
11.
22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Beijing Gingko Group
13.1.2. Bio-Botanica Inc.
13.1.3. Enzymedica, Inc.
13.1.4. F&C Licorice Ltd.
13.1.5. Himalaya Wellness Company
13.1.6. Mafco Worldwide LLC
13.1.7. Maruzen Pharmaceuticals Co., Ltd.
13.1.8. Natural Factors USA
13.1.9. Nature’s Way Products, LLC
13.1.
10. Norevo GmbH
13.1.
11. NOW Health Group, Inc.
13.1.
12. Planetary Herbals, Inc.
13.1.
13. Sepidan Osareh Jonoob Co.
13.1.
14. VPL Chemicals Pvt Ltd.
13.1.
15. Zagros Licorice Co.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. LICORICE EXTRACT MARKET RESEARCH PROCESS
FIGURE 2. LICORICE EXTRACT MARKET SIZE, 2023 VS 2030
FIGURE 3. LICORICE EXTRACT MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. LICORICE EXTRACT MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. LICORICE EXTRACT MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. LICORICE EXTRACT MARKET DYNAMICS
FIGURE 7. LICORICE EXTRACT MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 8. LICORICE EXTRACT MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. LICORICE EXTRACT MARKET SIZE, BY FORM, 2023 VS 2030 (%)
FIGURE 10. LICORICE EXTRACT MARKET SIZE, BY FORM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. LICORICE EXTRACT MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. LICORICE EXTRACT MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES LICORICE EXTRACT MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES LICORICE EXTRACT MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA LICORICE EXTRACT MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. LICORICE EXTRACT MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. LICORICE EXTRACT MARKET SHARE, BY KEY PLAYER, 2023

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