Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
This report contains market size and forecasts of Licorice Extract in global, including the following market information:
Global Licorice Extract Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Licorice Extract Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Licorice Extract companies in 2021 (%)
The global Licorice Extract market was valued at 895.2 million in 2021 and is projected to reach US$ 865.6 million by 2028, at a CAGR of -0.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pharmaceutical Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Licorice Extract include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, FandC Licorice, Norevo GmbH, Ransom Naturals, Maruzen Pharmaceuticals and MCFS, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Licorice Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Licorice Extract Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, by Type, 2021 (%)
Pharmaceutical Grade
Food Grade
Feed Grade
Global Licorice Extract Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, by Application, 2021 (%)
Pharmaceutical
Food
Cosmetic
Others
Global Licorice Extract Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Licorice Extract revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Licorice Extract revenues share in global market, 2021 (%)
Key companies Licorice Extract sales in global market, 2017-2022 (Estimated), (MT)
Key companies Licorice Extract sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Magnasweet
ASEH
Zagros Licorice
Sepidan Osareh
FandC Licorice
Norevo GmbH
Ransom Naturals
Maruzen Pharmaceuticals
MCFS
Aushadhi Herbal
Avestia Pharma
VPL Chemicals
Zelang
Changyue
Bokai