Licorice Extracts Market, Growth, Industry Analysis, Size, Trends & Forecast to 2025

Market Research Reports Search Engine (MRRSE) has recently publicized a new study to its vast repository, which is titled as “Licorice Extracts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”. In this report, the global licorice market is valued at USD 1.70 billion in 2016 and is expected to reach USD 2.3 billion by the end of 2025, growing at a CAGR of 4.0% between 2016 and 2025.

Request For Free Sample Report @ https://www.mrrse.com/sample/2746

Licorice is the root of the licorice (glycyrrhiza glabra) plant from which a sweet flavor is extracted and used in various industries as a sweetening agent. The root is principally used in making the extract, while the hard woody plant is pulped and boiled to further refine the content. In addition, it also offers various health benefits by acting as an antiviral, anti-inflammatory, antimicrobial, and hepato-protective agent. Licorice extracts find application in tobacco, food items, beverages, herbal medicines, pharmaceutical industry, and a variety of skin care products. The global market for licorice extracts is expected to expand at a considerable rate in the future owing to an increased demand for them.

Herbal medicine is a key health care option adopted globally due to its organic nature, lack of side-effects, and limited use of synthetic chemicals. With increased demand for herbal medicine all over the globe, natural ingredients in medicines are witnessing a rise in demand. In 2013, WHO developed and launched the ‘WHO Traditional Medicine Strategy 2014–2023’ which emphasized on the integration of complementary and traditional medicine to encourage universal health care and ensure the safety, quality, and effectiveness of herbal medicine. Therefore, natural ingredients in medicines are propelling the market in a positive direction.

Additionally, demand for natural low-calorie sweeteners is rising at a rapid rate globally owing to multiple health disorders including obesity and cholesterol issues which have resulted in a decline in the use of sugar-containing products. This drives the global licorice extracts market positively, as they are a natural sweetener used in the food & beverages industry on a large scale. However, synthetic sweeteners are still used in higher quantities than natural sweeteners in all application industries.

Browse Full Report With TOC @ https://www.mrrse.com/licorice-extracts-market

The food & beverages sector employs the former extensively as they are cost-effective and easy to use. Usage of natural sweeteners is still limited, restraining the overall growth of licorice extracts globally. Developing nations in Asia and the Middle East have always used herbal and natural medicines since pre-historic times. With rising knowledge about their benefits and lack of production capacity in developed countries of North America and Europe, these markets offer huge opportunities to the global licorice extracts market. North America imports a major portion of the product.

Global Licorice Extracts Market: Segmentation

Global licorice extract market is segmented on the basis of product form, type, and application. The global licorice extract market is segmented into three types of form- powder, semi fluid/paste and block. Powder licorice is a free flowing yellow-brown powder with a characteristic fragrance with a well-balanced, mild licorice flavor with detectable sweetness. Semi-fluid/paste licorice is a concentrated solution of licorice extract with a dark brown appearance and high viscosity. Block licorice is a solid mass of licorice which has a strong sweet note of licorice. In terms of type the market is segmented by pharmaceutical grade, food grade and feed grade.

Licorice extracts has multiple medicinal properties in them. They help curing a large number of diseases such as hives, bronchitis, indigestion, lyme disease, genital warts and chronic fatigue among others. Licorice contains glycyrrhizin which is sweet in nature and is thus used as a natural sweetener which is used as a substitute of regular table sugar. Additionally, feed grade licorice when added to animal and fish feed has boosted growth performance and improves immune response, and improved biochemical reactions.

In terms of application the market is segmented by pharmaceutical, tobacco, food and beverage and others. Licorice extract find huge application in the pharmaceutical industry owing to its antiviral, anti-inflammatory, antibacterial, antioxidant, antispasmodic and antidepressant, expectorant and demulcent property. Licorice extract is mostly used as flavoring agent in tobacco and its acts as a natural sweetener to tobacco products. Licorice extract is used as a sweetening and flavoring agent in the food & confectionery industry and is used in large quantities in making sweets and candies. It is also used in the manufacture of mint and menthol candies. Other applications of licorice include use in skin care, personal care and cosmetics and animal feed.

Check Discount @ https://www.mrrse.com/checkdiscount/2746

Companies Mentioned in the Report

In order to get a better understanding of the global licorice extract market, a key trends analysis has been included for all the segments. In addition, the market players in the licorice extract market have also been profiled. The leading players in the market include Norevo GmbH, Mafco Worldwide LLC., F&C Licorice Ltd., Zagros Licorice Co, SepidanOsareh Co, VPL Chemicals PVT Ltd., ASEH Licorice MFG &Exp. Co., Zelang Group, Maruzen Pharmaceuticals Co. Ltd., and Ransom Naturals Ltd.

The global licorice extracts market can be segmented as follows:-

By Form

Powder
Semi fluid/Paste
Block
By Type

Pharmaceutical Grade
Food Grade
Feed Grade
By Application

Pharmaceutical
Food and Beverage
Tobacco
Others
By Geography

North America
S.
Rest of North America
Europe
K.
Germany
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Rest of APAC
Middle East and Africa
Iran
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America

Enquiry about this Report @ https://www.mrrse.com/enquiry/2746

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/

This release was published on openPR.