Licorice Root Market Overview by recent opportunities, growth size, regional analysis and forecasts to 2031 | FC Licorice, Norevo GmbH, Zagros Licorice Co., Naturex SA, Sepidan Osareh Co.

Global Licorice Root Market 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.

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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Key Trends

The key trends in Licorice Root technology are the increasing use of Licorice Root extract as a food and beverage flavoring agent, and the increasing use of Licorice Root extract as a dietry supplement.

Licorice Root extract is a natural flavoring agent that has a sweet, slightly bitter taste. It is used to flavor a variety of food and beverage products, including candy, baked goods, ice cream, and soft drinks. Licorice Root extract is also used as a dietry supplement for its purported health benefits.

The use of Licorice Root extract as a food and beverage flavoring agent is increasing due to its natural sweetness and flavor. In addition, Licorice Root extract is a relatively inexpensive flavoring agent compared to other natural and artificial sweeteners.

The use of Licorice Root extract as a dietry supplement is also increasing due to its purported health benefits. Licorice Root extract is thought to have antioxidant, anti-inflammatory, and anti-ulcer properties. Additionally, Licorice Root extract is thought to boost the immune system, improve circulation, and promote detoxification.

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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.

The number of health-conscious consumers has also been on the rise in recent years. This is due to the growing awareness of the importance of maintaining a healthy lifestyle. Consumers are now more likely to choose foods and beverages that are low in calories and sugar.

Functional foods and beverages are also becoming increasingly popular. These products are designed to provide specific health benefits. For example, some functional foods and beverages are designed to improve digestion or to boost energy levels. The growing popularity of these products is expected to drive the demand for licorice root extract.

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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, dietry 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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