Licorice root Market overview by recent opportunities, growth size, regional analysis and forecasts to 2031

Global Licorice root report from Global Insight Services is the single authoritative source of intelligence on Licorice root market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Licorice root is a herb that has been used for centuries in traditional Chinese medicine. It is known for its sweet taste and is often used as a natural sweetener in foods and beverages. Licorice root is also used to treat a variety of health conditions, including stomach ulcers, bronchitis, and allergies. Some research suggests that licorice root may also have anti-inflammatory and immune-boosting properties.

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Market Segments
The Licorice Root Market is segmented by product form, end-use, and region. By product form, the market is divided into roots and extracts. Based on end-use, it is bifurcated into food & beverage industry, cosmetic industry, dietary supplements, tobacco industry, and pharmaceutical industry. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the rest of the World.

Key Players
The Licorice Root Market includes players such a FC Licorice, Norevo GmbH, Zagros Licorice Co., Naturex SA, Sepidan Osareh Co., VPL Chemicals, MAFCO Worldwide LLC, Aseh Co., Iran Medical Herb, and Naturex SA.

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Key Drivers
Some of the key drivers of the licorice root market include the growing demand for natural sweeteners, the rise in the number of health-conscious consumers, and the growing popularity of functional foods and beverages.

The demand for natural sweeteners has been on the rise in recent years as consumers become more aware of the potential health risks associated with artificial sweeteners. This has led to an increase in the use of alternative sweeteners such as stevia and licorice root extract.

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