Licorice Extract Market Growth Report 2019 - 2029 | 280 Pages Report

The licorice extract market has witnessed steady growth over the years, driven by its widespread application in the food and beverage, pharmaceutical, and cosmetic industries. Licorice extract is derived from the roots of the licorice plant, Glycyrrhiza glabra, and is known for its sweet flavor and various health benefits.

The global licorice extract market was valued at US$ ~1.9 Bn in 2019 and is expected to reach US$ 2.9 Bn by 2029, growing at a CAGR of 4% during the forecast period. The market is primarily driven by the growing demand for natural and herbal ingredients in various industries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18749&utm_source=OpenPR&utm_campaign=OpenPR_Sudha

Market Segmentation:

By Service Type:

Powder
Liquid
By Sourcing Type:
Wild Licorice
Cultivated Licorice

By Application:

Food and Beverages
Pharmaceuticals
Cosmetics

By Industry Vertical:

Food and Beverage Industry
Pharmaceutical Industry
Cosmetic Industry

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Regional Analysis:

North America:
Dominated by the U.S. due to the high demand for natural ingredients in the food and beverage industry.
Europe:
Growing trend of using herbal ingredients in pharmaceuticals and cosmetics is driving the market in this region.
Asia Pacific:
Largest market for licorice extract, driven by the traditional use of licorice in Chinese medicine and the growing demand for natural cosmetics in countries like India and China.

Market Drivers and Challenges:

Drivers:
Increasing consumer awareness about the health benefits of licorice extract.
Growing demand for natural and herbal ingredients in the food, pharmaceutical, and cosmetic industries.

Challenges:
Limited availability of licorice plant.
Regulatory restrictions on the use of glycyrrhizin, a compound found in licorice extract, due to its potential health risks in high doses.

Market Trends:

Growing demand for organic licorice extract:
Consumers are increasingly preferring organic and natural products, driving the demand for organic licorice extract.
Innovations in product formulations:
Manufacturers are focusing on developing innovative formulations of licorice extract to cater to the diverse needs of consumers.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/checkout.php?rep_id=18749&ltype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR

Competitive Landscape:

The global licorice extract market is highly competitive with the presence of several key players. Some of the major players in the market include:

Norevo GmbH
F&C Licorice Ltd.
Mafco Worldwide LLC
Zagros Licorice Co.
VPL Chemicals PVT Ltd.
SepidanOsareh Co.
ASEH Licorice MFG & Exp. Co.
Maruzen Pharmaceuticals Co. Ltd.
Zelang Group
Ransom Naturals Ltd.

Future Outlook:

The licorice extract market is expected to witness significant growth in the coming years, driven by the increasing demand for natural and herbal ingredients. However, regulatory restrictions on the use of glycyrrhizin could pose a challenge to market growth.

Key Market Study Points:

Market size and growth rate of the licorice extract market.
Key drivers and challenges affecting the market.
Market segmentation based on service type, sourcing type, application, industry vertical, and region.
Competitive landscape of the market.
Future outlook and growth prospects of the market.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐖𝐚𝐥𝐧𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html

𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐅𝐥𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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