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Licorice Extracts-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Licorice Extracts market size is expected to reach US$ 1082.1 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Licorice Extracts in various end use industries. The expanding demands from the Pharmaceutical Grade, Food Grade and Feed Grade,, are propelling Licorice Extracts market. Powder, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Semi fluid/Paste segment is estimated at % CAGR for the next seven-year period.
Global Licorice Extract key players include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, Norevo GmbH, etc. Global top five players hold a share about 25%.
Europe is the largest market, with a share about 20%, followed by China and Japan, having a total share about 25 percent.
In terms of product, Food Gradeis the largest segment, with a share about 58%. And in terms of application, the largest application is Food Industry, followed by Pharmaceutical Industry, Cosmetic Industry, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Licorice Extracts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Licorice Extracts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Licorice Extracts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Licorice Extracts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Licorice Extracts covered in this report include Norevo, F&C Licorice, Mafco Worldwide, Zagros Licorice, VPL Chemicals, SepidanOsareh, Maruzen Pharmaceuticals, Zelang Group and Ransom Naturals, etc.
The global Licorice Extracts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Norevo
F&C Licorice
Mafco Worldwide
Zagros Licorice
VPL Chemicals
SepidanOsareh
Maruzen Pharmaceuticals
Zelang Group
Ransom Naturals
Global Licorice Extracts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Licorice Extracts market, Segment by Type:
Powder
Semi fluid/Paste
Block
Global Licorice Extracts market, by Application
Pharmaceutical Grade
Food Grade
Feed Grade
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Licorice Extracts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Licorice Extracts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Licorice Extracts market size is expected to reach US$ 1082.1 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Licorice Extracts in various end use industries. The expanding demands from the Pharmaceutical Grade, Food Grade and Feed Grade,, are propelling Licorice Extracts market. Powder, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Semi fluid/Paste segment is estimated at % CAGR for the next seven-year period.
Global Licorice Extract key players include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, Norevo GmbH, etc. Global top five players hold a share about 25%.
Europe is the largest market, with a share about 20%, followed by China and Japan, having a total share about 25 percent.
In terms of product, Food Gradeis the largest segment, with a share about 58%. And in terms of application, the largest application is Food Industry, followed by Pharmaceutical Industry, Cosmetic Industry, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Licorice Extracts, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Licorice Extracts market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Licorice Extracts market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Licorice Extracts sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Licorice Extracts covered in this report include Norevo, F&C Licorice, Mafco Worldwide, Zagros Licorice, VPL Chemicals, SepidanOsareh, Maruzen Pharmaceuticals, Zelang Group and Ransom Naturals, etc.
The global Licorice Extracts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Norevo
F&C Licorice
Mafco Worldwide
Zagros Licorice
VPL Chemicals
SepidanOsareh
Maruzen Pharmaceuticals
Zelang Group
Ransom Naturals
Global Licorice Extracts market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Licorice Extracts market, Segment by Type:
Powder
Semi fluid/Paste
Block
Global Licorice Extracts market, by Application
Pharmaceutical Grade
Food Grade
Feed Grade
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Licorice Extracts manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Licorice Extracts in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Licorice Extracts Market Overview
1.1 Licorice Extracts Product Overview
1.2 Licorice Extracts Market Segment by Type
1.2.1 Powder
1.2.2 Semi fluid/Paste
1.2.3 Block
1.3 Global Licorice Extracts Market Size by Type
1.3.1 Global Licorice Extracts Market Size Overview by Type (2018-2029)
1.3.2 Global Licorice Extracts Historic Market Size Review by Type (2018-2023)
1.3.3 Global Licorice Extracts Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Licorice Extracts Sales Breakdown by Type (2018-2023)
1.4.2 Europe Licorice Extracts Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Licorice Extracts Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Licorice Extracts Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Licorice Extracts Sales Breakdown by Type (2018-2023)
2 Global Licorice Extracts Market Competition by Company
2.1 Global Top Players by Licorice Extracts Sales (2018-2023)
2.2 Global Top Players by Licorice Extracts Revenue (2018-2023)
2.3 Global Top Players by Licorice Extracts Price (2018-2023)
2.4 Global Top Manufacturers Licorice Extracts Manufacturing Base Distribution, Sales Area, Product Type
2.5 Licorice Extracts Market Competitive Situation and Trends
2.5.1 Licorice Extracts Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Licorice Extracts Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Licorice Extracts as of 2022)
2.7 Date of Key Manufacturers Enter into Licorice Extracts Market
2.8 Key Manufacturers Licorice Extracts Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Licorice Extracts Status and Outlook by Region
3.1 Global Licorice Extracts Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Licorice Extracts Historic Market Size by Region
3.2.1 Global Licorice Extracts Sales in Volume by Region (2018-2023)
3.2.2 Global Licorice Extracts Sales in Value by Region (2018-2023)
3.2.3 Global Licorice Extracts Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Licorice Extracts Forecasted Market Size by Region
3.3.1 Global Licorice Extracts Sales in Volume by Region (2024-2029)
3.3.2 Global Licorice Extracts Sales in Value by Region (2024-2029)
3.3.3 Global Licorice Extracts Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Licorice Extracts by Application
4.1 Licorice Extracts Market Segment by Application
4.1.1 Pharmaceutical Grade
4.1.2 Food Grade
4.1.3 Feed Grade
4.2 Global Licorice Extracts Market Size by Application
4.2.1 Global Licorice Extracts Market Size Overview by Application (2018-2029)
4.2.2 Global Licorice Extracts Historic Market Size Review by Application (2018-2023)
4.2.3 Global Licorice Extracts Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Licorice Extracts Sales Breakdown by Application (2018-2023)
4.3.2 Europe Licorice Extracts Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Licorice Extracts Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Licorice Extracts Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Licorice Extracts Sales Breakdown by Application (2018-2023)
5 North America Licorice Extracts by Country
5.1 North America Licorice Extracts Historic Market Size by Country
5.1.1 North America Licorice Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Licorice Extracts Sales in Volume by Country (2018-2023)
5.1.3 North America Licorice Extracts Sales in Value by Country (2018-2023)
5.2 North America Licorice Extracts Forecasted Market Size by Country
5.2.1 North America Licorice Extracts Sales in Volume by Country (2024-2029)
5.2.2 North America Licorice Extracts Sales in Value by Country (2024-2029)
6 Europe Licorice Extracts by Country
6.1 Europe Licorice Extracts Historic Market Size by Country
6.1.1 Europe Licorice Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Licorice Extracts Sales in Volume by Country (2018-2023)
6.1.3 Europe Licorice Extracts Sales in Value by Country (2018-2023)
6.2 Europe Licorice Extracts Forecasted Market Size by Country
6.2.1 Europe Licorice Extracts Sales in Volume by Country (2024-2029)
6.2.2 Europe Licorice Extracts Sales in Value by Country (2024-2029)
7 Asia-Pacific Licorice Extracts by Region
7.1 Asia-Pacific Licorice Extracts Historic Market Size by Region
7.1.1 Asia-Pacific Licorice Extracts Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Licorice Extracts Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Licorice Extracts Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Licorice Extracts Forecasted Market Size by Region
7.2.1 Asia-Pacific Licorice Extracts Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Licorice Extracts Sales in Value by Region (2024-2029)
8 Latin America Licorice Extracts by Country
8.1 Latin America Licorice Extracts Historic Market Size by Country
8.1.1 Latin America Licorice Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Licorice Extracts Sales in Volume by Country (2018-2023)
8.1.3 Latin America Licorice Extracts Sales in Value by Country (2018-2023)
8.2 Latin America Licorice Extracts Forecasted Market Size by Country
8.2.1 Latin America Licorice Extracts Sales in Volume by Country (2024-2029)
8.2.2 Latin America Licorice Extracts Sales in Value by Country (2024-2029)
9 Middle East and Africa Licorice Extracts by Country
9.1 Middle East and Africa Licorice Extracts Historic Market Size by Country
9.1.1 Middle East and Africa Licorice Extracts Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Licorice Extracts Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Licorice Extracts Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Licorice Extracts Forecasted Market Size by Country
9.2.1 Middle East and Africa Licorice Extracts Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Licorice Extracts Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Norevo
10.1.1 Norevo Company Information
10.1.2 Norevo Introduction and Business Overview
10.1.3 Norevo Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Norevo Licorice Extracts Products Offered
10.1.5 Norevo Recent Development
10.2 F&C Licorice
10.2.1 F&C Licorice Company Information
10.2.2 F&C Licorice Introduction and Business Overview
10.2.3 F&C Licorice Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.2.4 F&C Licorice Licorice Extracts Products Offered
10.2.5 F&C Licorice Recent Development
10.3 Mafco Worldwide
10.3.1 Mafco Worldwide Company Information
10.3.2 Mafco Worldwide Introduction and Business Overview
10.3.3 Mafco Worldwide Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mafco Worldwide Licorice Extracts Products Offered
10.3.5 Mafco Worldwide Recent Development
10.4 Zagros Licorice
10.4.1 Zagros Licorice Company Information
10.4.2 Zagros Licorice Introduction and Business Overview
10.4.3 Zagros Licorice Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Zagros Licorice Licorice Extracts Products Offered
10.4.5 Zagros Licorice Recent Development
10.5 VPL Chemicals
10.5.1 VPL Chemicals Company Information
10.5.2 VPL Chemicals Introduction and Business Overview
10.5.3 VPL Chemicals Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.5.4 VPL Chemicals Licorice Extracts Products Offered
10.5.5 VPL Chemicals Recent Development
10.6 SepidanOsareh
10.6.1 SepidanOsareh Company Information
10.6.2 SepidanOsareh Introduction and Business Overview
10.6.3 SepidanOsareh Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.6.4 SepidanOsareh Licorice Extracts Products Offered
10.6.5 SepidanOsareh Recent Development
10.7 Maruzen Pharmaceuticals
10.7.1 Maruzen Pharmaceuticals Company Information
10.7.2 Maruzen Pharmaceuticals Introduction and Business Overview
10.7.3 Maruzen Pharmaceuticals Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Maruzen Pharmaceuticals Licorice Extracts Products Offered
10.7.5 Maruzen Pharmaceuticals Recent Development
10.8 Zelang Group
10.8.1 Zelang Group Company Information
10.8.2 Zelang Group Introduction and Business Overview
10.8.3 Zelang Group Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Zelang Group Licorice Extracts Products Offered
10.8.5 Zelang Group Recent Development
10.9 Ransom Naturals
10.9.1 Ransom Naturals Company Information
10.9.2 Ransom Naturals Introduction and Business Overview
10.9.3 Ransom Naturals Licorice Extracts Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Ransom Naturals Licorice Extracts Products Offered
10.9.5 Ransom Naturals Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Licorice Extracts Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Licorice Extracts Industrial Chain Analysis
11.4 Licorice Extracts Market Dynamics
11.4.1 Licorice Extracts Industry Trends
11.4.2 Licorice Extracts Market Drivers
11.4.3 Licorice Extracts Market Challenges
11.4.4 Licorice Extracts Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Licorice Extracts Distributors
12.3 Licorice Extracts Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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