Press release
Licorice Extract Market Growth Report 2019 - 2029 | 280 Pages Report
The global licorice extract market was valued at US$ ~1.9 Bn in 2019 and is expected to reach US$ 2.9 Bn by 2029, growing at a CAGR of 4% during the forecast period. The market is primarily driven by the growing demand for natural and herbal ingredients in various industries.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18749&utm_source=OpenPR&utm_campaign=OpenPR_Sudha
Market Segmentation:
By Service Type:
Powder
Liquid
By Sourcing Type:
Wild Licorice
Cultivated Licorice
By Application:
Food and Beverages
Pharmaceuticals
Cosmetics
By Industry Vertical:
Food and Beverage Industry
Pharmaceutical Industry
Cosmetic Industry
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Regional Analysis:
North America:
Dominated by the U.S. due to the high demand for natural ingredients in the food and beverage industry.
Europe:
Growing trend of using herbal ingredients in pharmaceuticals and cosmetics is driving the market in this region.
Asia Pacific:
Largest market for licorice extract, driven by the traditional use of licorice in Chinese medicine and the growing demand for natural cosmetics in countries like India and China.
Market Drivers and Challenges:
Drivers:
Increasing consumer awareness about the health benefits of licorice extract.
Growing demand for natural and herbal ingredients in the food, pharmaceutical, and cosmetic industries.
Challenges:
Limited availability of licorice plant.
Regulatory restrictions on the use of glycyrrhizin, a compound found in licorice extract, due to its potential health risks in high doses.
Market Trends:
Growing demand for organic licorice extract:
Consumers are increasingly preferring organic and natural products, driving the demand for organic licorice extract.
Innovations in product formulations:
Manufacturers are focusing on developing innovative formulations of licorice extract to cater to the diverse needs of consumers.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=18749<ype=S&utm_source=OpenPR_Sudha&utm_campaign=OpenPR
Competitive Landscape:
The global licorice extract market is highly competitive with the presence of several key players. Some of the major players in the market include:
Norevo GmbH
F&C Licorice Ltd.
Mafco Worldwide LLC
Zagros Licorice Co.
VPL Chemicals PVT Ltd.
SepidanOsareh Co.
ASEH Licorice MFG & Exp. Co.
Maruzen Pharmaceuticals Co. Ltd.
Zelang Group
Ransom Naturals Ltd.
Future Outlook:
The licorice extract market is expected to witness significant growth in the coming years, driven by the increasing demand for natural and herbal ingredients. However, regulatory restrictions on the use of glycyrrhizin could pose a challenge to market growth.
Key Market Study Points:
Market size and growth rate of the licorice extract market.
Key drivers and challenges affecting the market.
Market segmentation based on service type, sourcing type, application, industry vertical, and region.
Competitive landscape of the market.
Future outlook and growth prospects of the market.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐๐ฅ๐ง๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/walnut-market-size-is-projected-to-reach-usd-11-1-billion-at-a-4-3-cagr-by-2031---transparency-market-research-inc-302032434.html
๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐ฅ๐จ๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/functional-flour-market-worth-usd-147-3-billion-by-2031--at-7-6-cagr---report-by-transparency-market-research-inc-302024373.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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Suite 1200, Wilmington, Delaware 19801 USA
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