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Licorice Extract Powder Market Driven by the Shift Toward Organic Wellness Products and Plant-based Therapeutics
Licorice Extract Powder Market
According to the latest research by InsightAce Analytic, the Global Licorice Extract Powder Market is valued at USD 1.9 Bn in 2024, and it is expected to reach USD 4.0 Bn by 2034, with a CAGR of 7.9% during the forecast period of 2025-2034.
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The root of the Glycyrrhiza glabra plant, which is widely distributed throughout Asia and Europe, is used to make licorice extract powder. Glycyrrhizin and other active ingredients are present in the extract and help to explain its therapeutic effects. Its anti-inflammatory, antibacterial, and antioxidant properties make this powder useful in a variety of applications. The growing demand for natural and herbal medicines is driving the remarkable growth of the worldwide licorice extract powder market. Well-known for its many health advantages, powdered lice extract is making its way into a number of industries, including food, cosmetics, and pharmaceuticals. Moreover, the potential of licorice extract powder to lighten skin, lessen pigmentation, and calm inflamed skin makes it a popular ingredient in skincare products. By shielding the skin from UV rays and minimizing wrinkles, it is also recognized to have anti-aging advantages. This will accelerate the expansion of the licorice extract powder market over the forecast period.
List of Prominent Players in the Licorice Extract Powder Market:
• Zagros Licorice Co.
• VPL Chemicals Pvt. Ltd.
• Maruzen Pharmaceuticals Co. Ltd.
• Norevo GmbH
• FC Licorice Ltd.
• Aushadhi Herbal
• Nutra Green Biotechnology Co., Ltd.
• MAFCO Worldwide LLC
• Sepidan Osareh Jonoob Co.
• Ransom Naturals Ltd.
• Others
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Market Dynamics:
Drivers-
The market for licorice extract powder is expanding due in large part to people's growing awareness of health and wellness. Licorice extract powder is used in dietary supplements and health foods because of its well-known benefits for immune system support, anti-inflammatory properties, and digestive health. Furthermore, because of its therapeutic qualities, licorice extract powder is highly valued in the pharmaceutical industry. It is utilized in the creation of medications that treat conditions like hepatitis, peptic ulcers, and symptoms of respiratory infections. Its soothing effects on the stomach and throat make it a popular component in products meant to reduce discomfort.
Challenges:
The market for licorice extract powder is threatened, particularly by concerns about sustainability and legal barriers. The stringent regulations governing the use of natural extracts in food, medicine, and cosmetics may make it difficult to enter and grow into new sectors. Since these regulations sometimes require significant investments in certification, testing, and research, smaller players may find it challenging to adhere to them. Furthermore, because overharvesting can disrupt the supply chain and harm the ecosystem, it is imperative to source licorice roots sustainably. Sustainable practices and regulatory compliance are crucial for mitigating these risks and ensuring the long-term growth of the licorice extract powder market.
Regional Trends:
The North American licorice extract powder market is anticipated to register a major market share in terms of revenue fueled by the massive demand for organic and natural products. The United States makes a substantial contribution to market revenue as a large consumer. The region is seeing an increase in demand for licorice extract powder due to the expanding health and wellness trend and increased knowledge of its advantages. Besides, over the projection period, Europe is expected to increase at the fastest rate. The demand for powdered licorice extract is supported by the region's long history of using natural and herbal goods. The market is being further stimulated by manufacturers seeking natural alternatives due to the strict laws governing food safety and cosmetic additives.
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Segmentation of Licorice Extract Powder Market-
Licorice Extract Powder Market- By Form
• Powder
• Liquid
Licorice Extract Powder Market-By Application
• Pharmaceuticals
• Food and Beverages
• Cosmetics and Personal Care
• Others
Licorice Extract Powder Market-By Sales Channel
• Direct Sales/B2B
• Online
• Retail
Licorice Extract Powder Market-By Region
North America-
• The US
• Canada
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/licorice-extract-powder-market/3079
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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