Licorice Extract Market Size US$ 3.18 billion by 2030 : Supply Chain & Pricing Trends By 2031 | Most Leading Companies - Norevo, Mafco Worldwide LLC, Sepidan Osareh Jonoob Co., Zagros Licorice Co., Shaanxi Fujie Pharmaceutical Co., Ltd

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.

Licorice Extract Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Licorice extract is a natural substance derived from the root of the licorice plant, widely used for its anti-inflammatory, antioxidant, and antimicrobial properties in food, cosmetics, and pharmaceuticals.

List of the Key Players in the Licorice Extract Market:

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

Industry Development:

In July 2023, Farmistry, a multi-active skincare brand, launched its 'Spotlight Fading + Brightening Serum'-a blend of seven active ingredients including licorice extract, mulberry extract, kojic acid, vitamin C, peptide, and niacinamide-formulated to reduce excess melanin production and visibly lighten dark spots and skin tone.

In March 2023, AMBI Skincare introduced its new Dark Spot Fade Collection, featuring products like the Even & Clear Fade Cream, Even & Clear Fade Serum Retinol, and Advanced Even & Clear Fade Cream. The advanced cream combines 5% niacinamide, licorice root extract, and PHA to effectively target and fade stubborn dark spots.

Growth Forecast Projected:

The Global Licorice Extract Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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Segment Covered in the Licorice Extract Market:

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, Sweets, Toffees & Pastilles, Gums & Jellies, Soft Drinks, Liquor and Spirits, Pharmaceuticals Pills, Syrups, Tobacco, Cosmetics and Personal Care Lotions, Creams, Skin-Lightening Products, Others

Regional Analysis for Licorice Extract Market:

The regional analysis of the Licorice Extract Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Licorice Extract industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Licorice Extract industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Licorice Extract market?

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

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