Licorice root extract is also utilized in the food and beverage industry for its distinctive flavor and potential health benefits. Here are some common uses of licorice root extracts in food and beverage applications:

• Flavoring Agent: Licorice root extract is prized for its sweet and slightly bitter flavor, which adds depth to various food and beverage products. It is commonly used to impart a licorice-like taste to candies, confectionery, chewing gums, and beverages such as teas, sodas, and herbal infusions.
• Natural Sweetener: Glycyrrhizin, a compound found in licorice root extract, is about 50 times sweeter than sucrose (table sugar). This makes licorice root extract a potential natural sweetener for certain food and beverage products, including candies, desserts, and flavored syrups.
• Digestive Aid: In traditional medicine, licorice root has been used to aid digestion and soothe gastrointestinal discomfort. Beverages like licorice tea or herbal blends containing licorice root extract are consumed for their purported digestive benefits.
• Functional Ingredient: Licorice root extract is sometimes included in functional food and beverage products for its potential health-promoting properties. For example, it may be added to energy drinks, wellness shots, or health supplements targeting specific health concerns like immune support or stress relief.
• Coloring Agent: Licorice root extract can impart a dark brown color to food and beverage products, which may be desirable for certain applications. It is used as a natural coloring agent in items such as sauces, syrups, and alcoholic beverages.
• Preservative: Some components of licorice root extract exhibit antimicrobial properties, which can help extend the shelf life of certain food and beverage products by inhibiting the growth of spoilage microorganisms.

When used in food and beverage applications, licorice root extract is typically added in appropriate concentrations to achieve the desired flavor profile and functional properties. However, it's important to consider potential allergenicity and regulatory guidelines regarding the use of licorice root extract in different countries. Additionally, individuals with certain health conditions or those taking medications should consume licorice-containing products in moderation, as excessive consumption may lead to adverse effects.

The global Licorice Root Extracts for Food and Beverage market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

ReportPrime's newest research report, the “Licorice Root Extracts for Food and Beverage Industry Forecast” looks at past sales and reviews total world Licorice Root Extracts for Food and Beverage sales in 2023, providing a comprehensive analysis by region and market sector of projected Licorice Root Extracts for Food and Beverage sales for 2024 through 2030. With Licorice Root Extracts for Food and Beverage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Licorice Root Extracts for Food and Beverage industry.

This Insight Report provides a comprehensive analysis of the global Licorice Root Extracts for Food and Beverage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Licorice Root Extracts for Food and Beverage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Licorice Root Extracts for Food and Beverage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Licorice Root Extracts for Food and Beverage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Licorice Root Extracts for Food and Beverage.

United States market for Licorice Root Extracts for Food and Beverage is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Licorice Root Extracts for Food and Beverage is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Licorice Root Extracts for Food and Beverage is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Licorice Root Extracts for Food and Beverage players cover Norevo, Mafco Worldwide, F&C Licorice, Zagros Licorice, Sepidan Osareh, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Licorice Root Extracts for Food and Beverage market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

• Licorice Extracts Granules and Nuggets
• Licorice Extracts Powders
• Licorice Extracts Pastes

Segmentation by Application:

• Food
• Beverage

This report also splits the market by region:

• Americas
  • United States
  • Canada
  • Mexico
  • Brazil
• APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
• Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

• Norevo
• Mafco Worldwide
• F&C Licorice
• Zagros Licorice
• Sepidan Osareh
• VPL Chemicals
• Ransom Naturals
• ASEH Licorice
• Naturex SA
• Aushadhi Herbal
• Maruzen Pharmaceuticals
• SK Bioland
• Amruta Herbals
• Sabinsa
• BotanicalsPlus
• Indus Extracts
• Amsar
• Phyto Life Sciences
• The Garden of Naturalsolution
• Qinghai Lake Pharmaceutical
• Carrubba
• Actives International
• Huzhou Ouli Biotechnology
• Bioveda Naturals
• Spec-Chem Industry
• AQIA
• Croda
• Norevo GmbH

Key Questions Addressed in this Report

1. What is the 10-year outlook for the global Licorice Root Extracts for Food and Beverage market?
2. What factors are driving Licorice Root Extracts for Food and Beverage market growth, globally and by region?
3. Which technologies are poised for the fastest growth by market and region?
4. How do Licorice Root Extracts for Food and Beverage market opportunities vary by end market size?
5. How does Licorice Root Extracts for Food and Beverage break out by Type, by Application?