Licorice Extract Powder Market Booms as Food, Pharma, and Skincare Industries Embrace Natural Ingredients

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Licorice Extract Powder Market- (By Application: Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care; By Form, By Distribution Channel), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

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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Licorice extract powder is derived from the root of the Glycyrrhiza glabra plant, which is native to regions across Asia and Europe. This extract contains glycyrrhizin and other bioactive compounds that contribute to its well-documented therapeutic properties, including anti-inflammatory, antimicrobial, and antioxidant effects. As a result, licorice extract powder is utilized across a diverse range of applications.

The global licorice extract powder market is experiencing significant growth, primarily driven by rising consumer demand for natural and herbal-based remedies. Owing to its broad spectrum of health benefits, the product is increasingly being adopted across key industries such as food and beverage, pharmaceuticals, and cosmetics. In the personal care sector, licorice extract powder is especially valued for its skin-brightening capabilities, ability to reduce hyperpigmentation, and soothing effects on irritated skin. Furthermore, its anti-aging properties-such as protection against ultraviolet (UV) radiation and the reduction of fine lines and wrinkles-are contributing to its growing inclusion in skincare formulations.

These multifunctional attributes are expected to drive continued expansion of the licorice extract powder market throughout the forecast period, as manufacturers and consumers alike seek plant-based solutions for health, wellness, and beauty applications.

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 growth of the licorice extract powder market is largely attributed to increasing consumer awareness surrounding health and wellness. Owing to its well-recognized immune-boosting, anti-inflammatory, and digestive health properties, licorice extract powder is widely incorporated into dietary supplements and functional food products. Additionally, its therapeutic potential has positioned it as a valuable ingredient within the pharmaceutical industry. It is commonly used in the formulation of treatments for conditions such as hepatitis, peptic ulcers, and respiratory ailments. Its soothing effects on the gastrointestinal tract and throat also contribute to its popularity in over-the-counter remedies aimed at alleviating discomfort.

Challenges:
Despite favorable market conditions, the licorice extract powder sector faces challenges related to regulatory compliance and environmental sustainability. Stringent regulations governing the use of botanical extracts in food, pharmaceutical, and cosmetic applications can create barriers to market entry and expansion, particularly for smaller manufacturers. Compliance often necessitates substantial investment in quality assurance, clinical validation, and certification processes. Furthermore, concerns over unsustainable harvesting practices pose a significant risk to supply chain stability and ecological balance. Ensuring responsible sourcing and adherence to environmental standards will be critical to maintaining long-term market viability and meeting growing consumer and regulatory expectations.

Regional Trends:
North America is expected to hold a significant share of the global licorice extract powder market, driven by strong consumer demand for organic and plant-based products. The United States, in particular, contributes considerably to regional revenue, supported by the growing popularity of natural remedies and wellness-oriented lifestyles. Concurrently, Europe is projected to register the fastest growth over the forecast period. The region's longstanding tradition of utilizing herbal and natural remedies, coupled with increasingly stringent regulations on synthetic additives in food and cosmetic products, is fostering demand for licorice extract powder. Manufacturers are increasingly turning to natural alternatives to align with evolving regulatory standards and consumer preferences, further supporting market expansion across the region.

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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

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This release was published on openPR.