Press release
Licorice Extract Industry Analysis: at a CAGR of 6.9% during the forecast period
The global market for Licorice Extract was estimated to be worth US$ 567 million in 2025 and is projected to reach US$ 896 million, growing at a CAGR of 6.9% from 2026 to 2032.
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Product Overview and Scope of Licorice Extract
Licorice Extract is a premium natural ingredient derived from the roots of the licorice plant (Glycyrrhiza species). Celebrated for its multifaceted bioactive properties, it serves as a vital component across the pharmaceutical, cosmetic, and food industries. Its key active compounds, including glycyrrhizic acid, glycyrrhetinic acid, and flavonoids, are responsible for its wide-ranging health and functional benefits.
1. Core Properties & Applications
Health & Wellness (Traditional & Modern Medicine):
Supports respiratory health by relieving cough and soothing the throat.
Exhibits potent anti-inflammatory and detoxifying properties.
Aids digestion and is used in traditional formulations for "invigorating the spleen."
Skincare & Cosmetics:
Brightening: Inhibits tyrosinase activity, reducing melanin production for a more even skin tone.
Soothing: Calms skin irritation and reduces redness due to its strong anti-inflammatory effects.
Anti-aging: Provides antioxidant protection against free radicals, helping to prevent premature skin aging.
Food & Beverage:
Serves as a natural sweetener (glycyrrhizin is significantly sweeter than sugar).
Used as a flavor enhancer and modifier in confectionery, beverages, and tobacco products.
2. Market Landscape & Key Players
The global licorice extract market is consolidated, with the top five manufacturers holding a significant revenue share. Leading companies include Norevo GmbH, Mafco Worldwide, Gansu Fanzhi Pharmaceutical, Hongyufeng Biotechnology, and F&C Licorice. China is the dominant market globally, also serving as the major production hub for raw materials.
3. Source & Production Insights
Licorice extract is primarily sourced from cultivated plants like Glycyrrhiza uralensis and Glycyrrhiza glabra. In China, cultivation is concentrated in regions like Xinjiang, Gansu, and Inner Mongolia.
Cost Structure: Raw material procurement is the largest cost component. Advanced extraction technologies (e.g., supercritical CO2) can improve efficiency and yield but require higher initial investment.
4. Global Market Outlook
The global market for licorice extract is on a steady growth trajectory, driven by rising demand for natural and herbal products in health and personal care.
Market Size Projection: Expected to reach a significant value by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.9%.
Leading Segment by Type: Pharmaceutical-grade extract currently holds the largest market share.
Leading Segment by Application: The pharmaceutical industry is the largest application segment, followed by food & beverages and cosmetics.
5. Regional Market Dynamics
The Asia-Pacific region, led by China, is the largest and fastest-growing market. North America and Europe also represent substantial markets with strong demand for natural supplements and cosmetic ingredients.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Licorice Extract market is segmented as below:
By Company
Magnasweet
ASEH
Zagros Licorice
Sepidan Osareh
FandC Licorice
Norevo GmbH
Ransom Naturals
Maruzen Pharmaceuticals
MCFS
Aushadhi Herbal
Avestia Pharma
VPL Chemicals
Zelang
Changyue
Bokai
Segment by Type
Pharmaceutical Grade
Food Grade
Feed Grade
Segment by Application
Pharmaceutical
Food
Cosmetic
Others
Each chapter of the report provides detailed information for readers to further understand the Licorice Extract market:
Chapter 1: Introduces the report scope of the Licorice Extract report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Licorice Extract manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Licorice Extract market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Licorice Extract in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Licorice Extract in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Licorice Extract competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Licorice Extract comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Licorice Extract market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Licorice Extract Sales Market Report, Competitive Analysis and Regional Opportunities 2026-2032
Global Licorice Extract Market Research Report 2026
Licorice Extract Paste- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032
Global Licorice Extract Paste Market Research Report 2026
Pharmaceutical Grade Licorice Extract- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032
Global Pharmaceutical Grade Licorice Extract Market Research Report 2026
De-Glycyrrhizic Acid Licorice Extract (DGL)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032
Global De-Glycyrrhizic Acid Licorice Extract (DGL) Market Research Report 2026
About Us:
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 19 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
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