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Licorice Extracts Market Booming at a steady CAGR by 2026 Top Key Players Maruzen Pharmaceutical Co., Ltd., Alfarid Corporation Limited, SK BIOLAND, Nutra Green Biotechnology Co.,Ltd., Avestia Pharma
Global Licorice Extracts Market
The medical community is starting to be more accepting of the overall holistic benefits of licorice. However, it’s important to note medical research hasn’t proved some of these health benefits.
Licorice is available in many forms, either containing glycyrrhizin or as deglycyrrhizinated licorice Important industry trends, market size, and market share are analysed and discussed in detail in this Global Licorice Extracts Market research report. Global Licorice Extracts Market report considers various factors that have direct or indirect effect on the development of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Food & Beverage industry. By understanding the minds of target markets, attitudes, feelings, beliefs and value systems, this market research report has been prepared. The report makes you visualize what the Food & Beverage industry is doing which lends more credibility and trust.
Market Analysis: Global Licorice Extracts Market
Global licorice extracts market is expected to rise to an estimated value of USD 2.77 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in consumption of population adopting fitness lifestyles and healthy products.
Natural extract of licorice Research Report in a base of glycerin and water, preserved with phenoxyethanol. Licorice is native to the mediterranean region with striated stalks of about 1m tall. Amber liquid, characteristic odor. Water-soluble.
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Key Market Competitors: Global Licorice Extracts Market
• FC Licorice, Iranlicorice.com,
• NOREVO,
• Zagros Licorice co.,
• MAFCO Worldwide LLC,
• VPL Chemicals,
• RANSOM NATURALS LTD,
• Aushadhi Herbal,
• Aseh Co.,
• ZELANG,
• Sanat Products Limited,
• Maruzen Pharmaceutical Co., Ltd.,
• Alfarid Corporation Limited,
• SK BIOLAND,
• Nutra Green Biotechnology Co.,Ltd.,
• Avestia Pharma,
• Magnasweet and Mitsubishi Corporation Life Sciences Limited.
Segmentation: Global Licorice Extracts Market
Global Licorice Extracts Market By Grade (Food Grade, Pharmaceutical Grade, Feed Grade), Product (Glycyrrhizin, Glycyrrhizinate, Flavonoids), Form (Block, Liquid, Powder, Semi-Fluid/Paste), Application (Pharmaceutical, Food & Beverages, Cosmetics, Feed, Tobacco, Others), Distribution Channel (Distributor, Direct), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Drivers:
• Increase demand for the product amid changes in lifestyle of consumers for the consumption of natural, herbal products
• Usage of licorice as an alternative to sugar amid rising levels of obesity globally; this factor is expected to drive the growth of the market
Market Restraints:
• Concerns regarding shortage of licorice roots/plants is expected to restrain the growth of the market
• Side effects associated with the product such as allergies, vision errors are factors restraining the growth of the market
Table of Content: Global Licorice Extracts Market Research Report 2019-2026
Chapter 1: Global Licorice Extracts Market Overview
Chapter 2: Global Licorice Extracts Market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2019-2025)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2019-2026)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Licorice Extracts Market Analysis by Application
Chapter 8: Global Licorice Extracts Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10:Global Licorice Extracts Market Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Global Licorice Extracts Market Effect Factors Analysis
Chapter 12: Global Licorice Extracts Market Forecast (2019-2026)
Chapter 13: Appendix
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Key Developments in the Market:
• In October 2017, International Scientific and Practical Conference, “Issues of the modern pharmaceutical industry: licorice root (recycling technology) and innovative preparations based on it” was held in Tashkent, Uzbekistan from October 25-26, 2017. This conference was held for the discussion between experts in the field of licorice root recycling as most of the demand for licorice root is expected to be transformed and exceed the supply globally, due to its benefits and increased application in food, pharmaceutical, cosmetics and personal care products.
• In March 2017, Sanat Products Limited announced that they had acquired Hindustan Herbals Limited, complementing their strategy to expand their leadership and product portfolio of licorice along with the derivates. This will also help them provide expanded levels of ayurvedic and other products to the food, beverages and pharmaceutical industries to around 40 countries where they have established customers.
Competitive Analysis: Global Licorice Extracts Market
Global licorice extracts market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of licorice extracts market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Report range
• The report offers market share appraisals for regional and global levels
• To gain detailed overview of parent market
• Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
• The study provides an in-depth analysis of the Global Licorice Extracts Market and current & future trends to elucidate imminent investment pockets.
• Identify growth segments and opportunities in the industry
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