Press release
Licorice Extract Market, Industry Share, Growth, Demand, Segmentation and Forecast To 2029
Market Size and Growth
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.
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_Sudha&utm_campaign=OpenPR
Market Segmentation
By Form: Powder, Liquid
By Application: Food and Beverage, Pharmaceutical, Cosmetic
By Region: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa
Regional Analysis
North America: The largest consumer of licorice extract, driven by the growing demand for natural ingredients in the food and beverage industry.
Europe: Increasing adoption of licorice extract in the pharmaceutical sector for its medicinal properties.
Asia-Pacific: Rapidly expanding market, driven by the rising disposable income and changing consumer preferences in countries like China and India.
Market Drivers and Challenges
Drivers: Growing consumer awareness regarding the health benefits of licorice extract, increasing demand for natural sweeteners and flavoring agents.
Challenges: Fluctuating raw material prices, stringent regulations regarding the use of licorice extract in certain regions.
Market Trends
Increasing use of licorice extract in herbal supplements and traditional medicine.
Growing popularity of licorice-flavored products in the cosmetic industry.
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 licorice extract market is highly competitive, with key players focusing on product innovation and expansion strategies to gain a competitive edge. Some of the prominent 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, etc.
Future Outlook
The licorice extract market is expected to witness significant growth in the coming years, driven by the increasing demand for natural ingredients in various industries. However, factors such as fluctuating raw material prices and regulatory challenges could impact market growth.
Key Market Study Points
Market Size and Growth Rate
Market Segmentation
Regional Analysis
Market Drivers and Challenges
Competitive Landscape
Future Outlook
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.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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