Global Licorice Extracts Market Research Report 2020

In this report, the Global Licorice Extracts market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Licorice Extracts market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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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.

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.

The global Licorice Extracts market size is projected to reach US$ 847.1 million by 2026, from US$ 862.5 million in 2020, at a CAGR of -0.3% during 2021-2026.

This report focuses on Licorice Extracts volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Licorice Extracts market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.

Global Licorice Extracts Market: Segment Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Global Licorice Extracts Market: Regional Analysis

The research report includes a detailed study of regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Licorice Extracts Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2015 to 2019.

Following are the segments covered by the report are:


Semi fluid/Paste


By Application:

Pharmaceutical Grade

Food Grade

Feed Grade

Key Players:

The Key manufacturers that are operating in the global Licorice Extracts market are:

Norevo GmbH

F&C Licorice

Mafco Worldwide

Zagros Licorice

VPL Chemicals


Maruzen Pharmaceuticals

Zelang Group,

Ransom Naturals

Competitive Landscape

The analysts have provided a comprehensive analysis of the competitive landscape of the global Licorice Extracts market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

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