Global Licorice Extract Market Growth 2023-2029

Global Licorice Extract Market Growth 2023-2029

Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.

Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.

LPI (LP Information)' newest research report, the “Licorice Extract Industry Forecast” looks at past sales and reviews total world Licorice Extract sales in 2022, providing a comprehensive analysis by region and market sector of projected Licorice Extract sales for 2023 through 2029. With Licorice Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Licorice Extract industry.

This Insight Report provides a comprehensive analysis of the global Licorice Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Licorice Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Licorice Extract market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Licorice Extract and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Licorice Extract.

The global Licorice Extract market size is projected to grow from US$ 851.1 million in 2022 to US$ 820.7 million in 2029; it is expected to grow at a CAGR of 820.7 from 2023 to 2029.

Global Licorice Extract key players include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, Norevo GmbH, etc. Global top five players hold a share about 25%.

Europe is the largest market, with a share about 20%, followed by China and Japan, having a total share about 25 percent.

In terms of product, Food Gradeis the largest segment, with a share about 55%. And in terms of application, the largest application is Food Industry, followed by Pharmaceutical Industry, Cosmetic Industry, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Licorice Extract market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Pharmaceutical Grade

Food Grade

Feed Grade

Segmentation by application

Pharmaceutical

Food

Cosmetic

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Magnasweet

ASEH

Zagros Licorice

Sepidan Osareh

FandC Licorice

Norevo GmbH

Ransom Naturals

Maruzen Pharmaceuticals

MCFS

Aushadhi Herbal

Avestia Pharma

VPL Chemicals

Zelang

Changyue

Bokai

Key Questions Addressed in this Report

What is the 10-year outlook for the global Licorice Extract market?

What factors are driving Licorice Extract market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Licorice Extract market opportunities vary by end market size?

How does Licorice Extract break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.