Press release
Monoammonium Glycyrrhizinate Market Size, Share, Trends, and Forecast: 2024-2030
Monoammonium Glycyrrhizinate (CAS 53956-04-0) is the pure derivative from glycyrrhetinic acid, which is a natural material extracted from the licorice root (Glycyrrhiza glabra). MAG is known to be a natural sweetener, and considered to be a functional ingredient used to enhance a product's sweetness. It is commonly used in the food, pharmaceutical and nutraceutical industries.
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Monoammonium glycyrrhizinate (MAG) (CAS 53956-04-0) is the pure derivative from glycyrrhetinic acid, which is a natural material extracted from the licorice root (Glycyrrhiza glabra). MAG is known to be a natural sweetener, and considered to be a functional ingredient used to enhance a product's sweetness. It is commonly used in the food, pharmaceutical and nutraceutical industries.
According to the new market research report "Monoammonium Glycyrrhizinate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Monoammonium Glycyrrhizinate market size is projected to reach USD 0.12 billion by 2029, at a CAGR of 7.4% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Monoammonium Glycyrrhizinate include Jiangsu Tiansheng Pharmaceutical, Alps Pharmaceutical, Shaanxi Fujie Pharmaceutical, Qingdao Taitong Pharmaceutical, MAFCO Worldwide, Cokey, BGG World, Sabinsa, VITAL-CHEM Zhuhai, Qinghai Lake Pharmaceutical, etc. In 2022, the global top 10 players had a share approximately 68.0% in terms of revenue.
Market Drivers:
Monoammonium Glycyrrhizinate is sometimes used as a sweetener and flavor enhancer in the food and beverage industry. The trend of seeking natural and plant-derived ingredients in food products may contribute to increased demand.
The health-conscious consumer trend has led to a growing market for products with perceived health benefits. Monoammonium Glycyrrhizinate, derived from licorice root, is sometimes associated with potential health properties, contributing to its inclusion in health and wellness products.
Like other glycyrrhizinate compounds, Monoammonium Glycyrrhizinate may have anti-inflammatory and antioxidant properties. This could lead to its incorporation into skincare and cosmetic formulations, aligning with the trend of using natural ingredients in beauty products.
The pharmaceutical industry may explore the use of Monoammonium Glycyrrhizinate in various formulations. Research and development activities could drive trends in utilizing this compound for its potential therapeutic properties.
Consumers are increasingly looking for clean label products, which often involves the use of natural and minimally processed ingredients. Monoammonium Glycyrrhizinate, being plant-derived, may fit well into this clean label trend.
As international trade and collaborations in the food, cosmetic, and pharmaceutical industries continue to expand, the market for Monoammonium Glycyrrhizinate may experience growth in various regions.
Restraint:
High risks involved adherence to regulatory standards and compliance with safety regulations is crucial in the pharmaceutical and cosmetic industries. Manufacturers of Monoammonium Glycyrrhizinate need to navigate regulatory challenges to ensure their products meet quality and safety standards.
Like many other industries, the market for ingredients can be impacted by disruptions in the supply chain. Weather events, geopolitical issues, or other unforeseen circumstances can affect the availability and cost of raw materials.
The market for cosmetic and pharmaceutical ingredients is competitive. Companies producing Monoammonium Glycyrrhizinate may face challenges related to price fluctuations and the need to differentiate their products in a crowded market.
While Monoammonium Glycyrrhizinate has various benefits, excessive consumption of licorice or its derivatives can lead to health issues. Manufacturers face the challenge of ensuring proper dosing in their products and addressing safety concerns associated with prolonged use.
The beauty and pharmaceutical industries are placing a greater emphasis on sustainability. Manufacturers of Monoammonium Glycyrrhizinate may face challenges in sourcing environmentally sustainable raw materials and adopting eco-friendly production processes.
Consumer preferences can be dynamic, and trends may shift rapidly. Keeping up with evolving consumer demands for new formulations and innovative products poses a challenge for companies in the Dipotassium Glycyrrhizinate market.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Monoammonium Glycyrrhizinate market is segmented as below:
By Company
VITAL-CHEM Zhuhai
Sabinsa
Alchem International
Shaanxi Fujie Pharmaceutical
MAFCO Worldwide
Alps Pharmaceutical
BGG World
Qingdao Taitong Pharmaceutical
Cokey
Jiangsu Tiansheng Pharmaceutical
Shaanxi Jintai Biological Engineering
Qinghai Lake Pharmaceutical
Segment by Type
Pharmaceutical Grade
Food Grade
Others
Segment by Application
Food & Beverages
Nutraceuticals
Pharmaceuticals
Cosmetics
Others
Each chapter of the report provides detailed information for readers to further understand the Monoammonium Glycyrrhizinate market:
Chapter 1: Introduces the report scope of the Monoammonium Glycyrrhizinate report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Monoammonium Glycyrrhizinate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Monoammonium Glycyrrhizinate market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Monoammonium Glycyrrhizinate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Monoammonium Glycyrrhizinate in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Monoammonium Glycyrrhizinate competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Monoammonium Glycyrrhizinate comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Monoammonium Glycyrrhizinate market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
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Global Cosmetic Grade Monoammonium Glycyrrhizinate Market Insights, Forecast to 2030
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Global and India Cosmetic Grade Monoammonium Glycyrrhizinate Market Report & Forecast 2024-2030
Global Pharmaceutical Grade Monoammonium Glycyrrhizinate Market Insights, Forecast to 2030
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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