Precision Business Insights has published a report on the global licorice extracts market, estimating its value at USD 827.3 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/licorice-extracts-market
The global commerce and consumption of herbal extracts made from the roots of Glycyrrhiza glabra, or liquorice, is referred to as the "licorice extracts market." These extracts, which come in a variety of forms like powder, liquid, paste, and blocks, are prized for their sweet flavor and medicinal qualities. Licorice Extracts are widely employed as natural sweeteners, taste enhancers, and active components in health and wellness products in a variety of sectors, including food and beverage, medicines, cosmetics, and tobacco.
Drivers:
- licorice extracts are being incorporated into immunity-boosting supplements, digestive aids, and adaptogenic formulations, especially post-pandemic.
- Consumers are increasingly shifting toward natural and herbal remedies, driving demand for liquorice-based products in food, pharma, and wellness sectors.
The global licorice extracts market segmentation:
1) By Product: Glycyrrhizinate, Glycyrrhizin, Flavonoids, and Others
2) By Form: Blocks, Paste, Powder, Granules, and Semi-liquid or Liquid
3) By Grade: Pharmaceutical, Food, and Feed
4) By Application: Pharmaceuticals, Tobacco Products, Food and Beverages, Cosmetics and Personal Care, and Others
5) By Distribution Channels: Online, and Offline
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Regional Overview:
The report also examines the current concerns and their Future Effects on the licorice extracts market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the licorice extracts market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Alfarid Corporation, Nutra Green, Zelang Group, Aushadhi Herba, Norevo GmbH, F&C Licorice Ltd, SepidanOsareh Co, Ransom Naturals Ltd, Mafco Worldwide LLC, VPL Chemicals PVT Ltd, ASEH Licorice MFG & Exp. Co, Maruzen Pharmaceuticals Co. Ltd.
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