Licorice Extracts Market Segmentation, Forecast, Market Analysis, Global Industry Size and Share to 2026 By Top Leading Players Maruzen Pharmaceutical Co., Ltd., Alfarid Corporation Limited, SK BIOLAND, Nutra Green Biotechnology Co.,Ltd., Avestia Pharma
The report further provides a deep explanation regarding the market definition, classifications, applications, and engagements. It further provides a deep insight of key players’ and brands’ activities in terms of their sales, import, export, and revenue and their actions are in terms of their recent product launches, researches, their joint ventures, mergers, and accusations.
The Global Licorice Extracts Market report consists of all the company profiles along with the market drivers and restraints with the help of SWOT analysis.
Licorice industry is a herb that people have used for thousands of years to treat a variety of ailments. Although licorice does have medicinal effects, scientific research only supports some of its uses, and it may not be safe for everyone
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,
• Zagros Licorice co.,
• MAFCO Worldwide LLC,
• VPL Chemicals,
• RANSOM NATURALS LTD,
• Aushadhi Herbal,
• Aseh Co.,
• 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.
• 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
• 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
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
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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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.
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.
Focus of the report:
• The study provides an in-depth analysis of the Global Licorice Extracts Market and current & future trends to elucidate imminent investment pockets.
• Changing market dynamics of the industry
• Strategies of key players and product offerings
• In-depth market segmentation
• Recent industry trends and developments
• Analyze and forecast Global Licorice Extracts Market on the basis of type, function and application.
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