Licorice Extract Market 2024: Opportunities, Challenges, Drivers, Global Business Growth Forecast by 2024-2031 | Norevo, Mafco Worldwide LLC, Sepidan Osareh Jonoob Co.

The Licorice Extract Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Licorice Extract market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Licorice Extract Market reached US$ 1.98 billion in 2022 and is expected to reach US$ 3.18 billion by 2030, growing with a CAGR of 6.1% during the forecast period 2024-2031.

The Licorice Extract Market involves the production and distribution of extracts derived from the licorice root, used in food, beverages, pharmaceuticals, and cosmetics. Known for its flavoring, medicinal, and anti-inflammatory properties, licorice extract is in demand for its health benefits. The market is growing due to rising consumer interest in natural ingredients, herbal medicine, and functional foods.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Norevo, Mafco Worldwide LLC, Sepidan Osareh Jonoob Co., Zagros Licorice Co., Shaanxi Fujie Pharmaceutical Co., Ltd., BGG WORLD, VPL Chemicals, Avestia Pharma, C.E. Roeper GmbH, Botanic Healthcare.

Key Developments:

In March 2023, AMBI Skincare launched its new Dark Spot Fade Collection, which includes the Even & Clear Fade Cream, Even & Clear Fade Serum Retinol, and Advanced Even & Clear Fade Cream. The Advanced Even & Clear Fade Cream features a potent blend of 5% niacinamide, licorice root extract, and PHA, designed to target and fade even the most stubborn dark spots, promoting a more even complexion.

In November 2022, Netsurf Network introduced six distinct varieties of Ayurveda and herbal Green Tea under its Naturamore brand. These variants include Ginger and Cumin (Digestive & Detox), Tulsi and Licorice (Helps in Lung Detox), Alpinia and CO-Q10 (Rejuvenates & Energizes), among others, offering a variety of wellness benefits.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Licorice Extract market has been segmented

By Product: Glycyrrhizin, Glycyrrhizinate, Flavonoids, Others.

By Form: Powder, Liquid, Block, Others.

By Grade: Food Grade, Feed Grade, Pharmaceutical Grade.

By Distribution Channel: Supermarket/Hypermarket, Convenience Stores, E-Commerce, Others.

By Application: Food & Beverages, Pharmaceuticals, Tobacco, Cosmetics and Personal Care, Others.

Research Process

Both primary and secondary data sources have been used in the global Licorice Extract Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Licorice Extract Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Licorice Extract market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Licorice Extract Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Licorice Extract market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Licorice Extract Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Licorice Extract market?

➠ Who are the global key manufacturers of the Licorice Extract Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Licorice Extract market opportunities and threats faced by the vendors in the global Licorice Extract Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Licorice Extract market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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