Licorice root extract has been used in traditional medicine for centuries due to its various potential health benefits. In pharmaceuticals, licorice root extracts are utilized primarily for their:

• Anti-inflammatory Properties: Licorice root contains compounds like glycyrrhizin and glycyrrhetinic acid, which have been studied for their anti-inflammatory effects. These properties make licorice root extract valuable in formulations aimed at treating conditions involving inflammation, such as arthritis.
• Gastric Health: Licorice root extract has been used traditionally to soothe gastrointestinal discomfort and aid in digestion. Compounds in licorice root may help to protect the stomach lining and reduce symptoms of conditions like ulcers and acid reflux.
• Antiviral Activity: Research suggests that licorice root extract may possess antiviral properties, particularly against certain viruses like herpes simplex virus (HSV). This makes it a potential ingredient in pharmaceuticals aimed at treating viral infections.
• Cough and Respiratory Support: Licorice root extract is often included in cough syrups and throat lozenges due to its ability to soothe throat irritation and suppress coughing. it may also help to loosen mucus, making it easier to expel.
• Skin Health: Topical formulations containing licorice root extract are used in skincare products due to its potential to reduce inflammation, soothe irritation, and lighten dark spots. It may be included in pharmaceutical creams or ointments for conditions like eczema and psoriasis.
• Potential Antioxidant Activity: Some studies suggest that licorice root extract may exhibit antioxidant properties, which could help protect cells from damage caused by free radicals. This could have implications for overall health and disease prevention.

When used in pharmaceuticals, licorice root extract is typically standardized to ensure consistent levels of active compounds. However, it's important to note that licorice root extract can have side effects and interactions with certain medications, particularly when consumed in large amounts or over long periods. Therefore, it should be used under the guidance of healthcare professionals.

The global Licorice Root Extracts for Pharmaceutical 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 Pharmaceutical Industry Forecast” looks at past sales and reviews total world Licorice Root Extracts for Pharmaceutical sales in 2023, providing a comprehensive analysis by region and market sector of projected Licorice Root Extracts for Pharmaceutical sales for 2024 through 2030. With Licorice Root Extracts for Pharmaceutical 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 Pharmaceutical industry.

This Insight Report provides a comprehensive analysis of the global Licorice Root Extracts for Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Licorice Root Extracts for Pharmaceutical 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 Pharmaceutical.

United States market for Licorice Root Extracts for Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical 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 Pharmaceutical market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

1. Licorice Extracts Granules and Nuggets
2. Licorice Extracts Powders
3. Licorice Extracts Pastes

Segmentation by Application:

1. Prescription Drug
2. OTC

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

• What is the 10-year outlook for the global Licorice Root Extracts for Pharmaceutical market?
• What factors are driving Licorice Root Extracts for Pharmaceutical market growth, globally and by region?
• Which technologies are poised for the fastest growth by market and region?
• How do Licorice Root Extracts for Pharmaceutical market opportunities vary by end market size?
• How does Licorice Root Extracts for Pharmaceutical break out by Type, by Application?