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Insights on the Licorice Extract Global Market Report to 2027 - by Product Type, Form, Application and Region - ResearchAndMarkets.com

The "Licorice Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global licorice extract market reached a value of US$ 1,810 Million in 2021. Looking forward, the publisher expects the market to reach US$ 2,439 Million by 2027, exhibiting a CAGR of 4.40% during 2022-2027.

Companies Mentioned

  • Alfarid Corporation Limited
  • AOS Products Pvt. Ltd.
  • Avestia Pharma
  • C.E. Roeper GmbH
  • F&C Licorice Ltd.
  • Herbochem
  • Hyundai Bioland
  • Mafco Worldwide LLC
  • Maruzen Pharmaceuticals Co. Ltd.
  • Norevo GmbH
  • Shaanxi FUJIE Pharmaceutical Co. Ltd.
  • VPL Chemicals Pvt Ltd.

Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Licorice extract is a herbal extract derived from wild and organically grown Glycyrrhiza glabra licorice roots. It has a sweet and aromatic flavor and is produced by boiling the pulp of licorice roots. It is commonly available in paste, liquid, block and powdered forms that are used as a natural sweetener and flavoring agent in candies, beverages and medicines.

It exhibits various anti-inflammatory, anticancer, antimicrobial and antioxidant properties that aid in the treatment of hot flashes, acid reflux, digestive ailments, menopausal symptoms, heartburn and bacterial and viral infections. Licorice extract also aids in treating peptic ulcers, hepatitis C, preventing cavities, improving blood sugar levels and promoting weight loss. As a result, it finds extensive application across various industries, such as pharmaceutical, cosmetics and food and beverage.

Significant growth in the food and beverage industry is one of the key factors creating a positive outlook for the market. Licorice extract is widely used in food products as a food additive or natural sweetener in cake batters, chewing gums, sweet custard and can also be mixed into a meat rub as a flavor enhancer. Additionally, the increasing product demand in the pharmaceutical industry is favoring the market growth. Licorice extract is widely used to manufacture medicines for indigestion, toothache, asthma, fever, bronchitis and skin infections.

Moreover, the shifting consumer preference toward organic products, especially among the millennials due to the rising health consciousness, is providing a thrust to the market growth. In line with this, the widespread product adoption in the tobacco industry as a de-bittering agent is positively impacting the market growth. Other factors, including rising expenditure capacities of the consumers, along with the widespread product adoption in the cosmetic industry as a natural skin brightener, are anticipated to drive the market toward growth.

Key Questions Answered in This Report:

  • How has the global licorice extract market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global licorice extract market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the form?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global licorice extract market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Licorice Extract Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

6.1 Food Grade

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Feed Grade

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Pharmaceutical Grade

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Form

7.1 Block

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Powder

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Paste

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Others

7.4.1 Market Trends

7.4.2 Market Forecast

8 Market Breakup by Application

8.1 Food and Beverages

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Pharmaceutical

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Tobacco

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 Others

8.4.1 Market Trends

8.4.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/6hetmz

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