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Licorice Extract Powder Market Demand Drivers Health Wellness and Natural Ingredients
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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Licorice extract powder, obtained from the root of the Glycyrrhiza glabra plant native to regions of Asia and Europe, is rich in glycyrrhizin and other bioactive constituents recognized for their therapeutic potential. These compounds exhibit anti-inflammatory, antimicrobial, and antioxidant properties, making the extract suitable for diverse commercial applications.
The global licorice extract powder market is witnessing substantial growth, driven by increasing consumer preference for natural and herbal-based health solutions. Its broad range of health benefits has led to growing adoption across multiple industries, including food and beverages, pharmaceuticals, and cosmetics. In the personal care sector, the extract is particularly valued for its skin-brightening effects, ability to reduce hyperpigmentation, and soothing properties for sensitive or irritated skin. Moreover, its anti-aging benefits-such as protection against UV-induced damage and the reduction of fine lines and wrinkles-are further enhancing its utilization in skincare formulations.
Owing to its versatile functional attributes, the licorice extract powder market is expected to maintain strong growth throughout the forecast period, supported by rising demand for plant-based ingredients across health, wellness, and beauty industries.
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 licorice extract powder market is primarily driven by increasing consumer awareness of health and wellness benefits. Recognized for its immune-supporting, anti-inflammatory, and digestive health properties, licorice extract powder is extensively incorporated into dietary supplements and functional food products.
Its therapeutic efficacy has also established it as a valuable ingredient in the pharmaceutical sector, where it is commonly used in formulations for conditions such as hepatitis, peptic ulcers, and various respiratory ailments. Additionally, its soothing effects on the gastrointestinal tract and throat have made it a widely adopted component in over-the-counter remedies targeting discomfort relief.
Challenges:
Despite promising growth prospects, the market faces several challenges, particularly regarding regulatory compliance and environmental sustainability. Stringent regulations governing the use of botanical extracts in food, pharmaceutical, and cosmetic applications pose significant entry barriers for emerging and smaller players. Compliance requires substantial investment in quality control, clinical validation, and certification processes.
Furthermore, environmental concerns stemming from unsustainable harvesting practices threaten the long-term availability of raw materials, potentially impacting supply chain stability. Ensuring sustainable sourcing and adherence to environmental standards is critical to maintaining industry credibility and supporting future growth.
Regional Trends:
North America is expected to hold a significant share of the global licorice extract powder market, driven by rising demand for organic and plant-based products. The United States, in particular, serves as a key market, supported by growing consumer preference for natural health remedies and wellness-focused lifestyles. Conversely, Europe is projected to register the highest growth rate during the forecast period.
The region's long-standing tradition of herbal and natural remedies, coupled with stricter regulations on synthetic ingredients in food and cosmetic products, is accelerating demand for licorice extract powder. Manufacturers are increasingly transitioning toward natural alternatives to comply with evolving regulatory frameworks and meet consumer expectations.
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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.
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