The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Licorice Extract Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Licorice Extract Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in Licorice Extract Market Segmentation?
The report has segmented the market into the following categories:
By Product Type
– Food Grade- Market Size & Forecast 2018-2028, USD Million
– Feed Grade- Market Size & Forecast 2018-2028, USD Million
– Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million
Pharmaceutical Grade is anticipated to account for the majority of the share of the Global Licorice Extract Market during the forecast period. Owing to its vast presence in the making of the medicinal products & medicines licorice extract’s demand is destined to elevates. It is a widely used extract that aids in the treatment of various kind of disease & is used to make cough syrup, lotions, cosmetics, etc. As, it is best for curing sore throat, acid reflux, indigestion, eczema, acne, and many more, thus it is presumed that the demand for this extract would increase, further positively affection the Licorice Extract Market size in the following years.
By Form
– Powder- Market Size & Forecast 2018-2028, USD Million
– Liquid- Market Size & Forecast 2018-2028, USD Million
– Block- Market Size & Forecast 2018-2028, USD Million
By End Users
– Food & Beverages- Market Size & Forecast 2018-2028, USD Million
– Pharmaceutical- Market Size & Forecast 2018-2028, USD Million
– Tobacco- Market Size & Forecast 2018-2028, USD Million
– Others- Market Size & Forecast 2018-2028, USD Million
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
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Key Factor Driver Licorice Extract Industry Growth by 2028
Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market – Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.
Who are the Key Players Operating in the Licorice Extract Industry?
The top companies of the Licorice Extract market ruling the industry are:
- 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.
- Beijing Gingko Group
- Glycyrrhiza Glabra Co. Ltd.
- Ransom Naturals Ltd.
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FAQs (Frequently Ask Questions)
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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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