Licorice Extract Market - 2022-2030

November 2025 | 200 pages | ID: L2D74749F080EN
DataM Intelligence

Abstracts

The Licorice Extract Market was valued at US$ 1.98 billion in 2022 and is anticipated to reach US$ 3.18 billion by 2030, at a CAGR of 0.061 from 2026 to 2032.

The report delivers in-depth insights into key market dynamics, including regional growth trends, market segmentation, CAGR projections, and the revenue performance of leading industry players. It also highlights major growth drivers shaping the market landscape. Designed to provide a clear and comprehensive perspective, the report offers a detailed view of the current market size in terms of both value and volume, along with emerging opportunities and the overall development outlook of the Licorice Extract Market.

This report delivers a comprehensive overview of the Licorice Extract Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Licorice Extract Market. The Licorice Extract Market size, estimates, and forecasts are provided in terms of output/shipments (K MT) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2022–2030.

Licorice Extract Market Scope:

By Product

• Glycyrrhizin
• Glycyrrhizinate
• Flavonoids
• Others

By Form

• Powder
• Liquid
• Block
• Others

By Grade

• Food Grade
• Feed Grade
• Pharmaceutical Grade

By Distribution Channel

• Supermarket/Hypermarket
• Convenience Stores
• E-Commerce
• Others

By Application

• Food & Beverages
• Pharmaceuticals
• Tobacco
• Cosmetics and Personal Care
• Others

Key Players

• Norevo
• Mafco Worldwide LLC
• Sepidan Osareh Jonoob Co.
• Zagros Licorice co.
• Shaanxi Fujie Pharmaceutical Co., Ltd.
• BGG WORLD
• VPL Chemicals
• Avestia Pharma
• C.E. Roeper GmbH
• Botanic Healthcare

Major Highlights

This report delivers a comprehensive overview of the Licorice Extract Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Licorice Extract Market. The Licorice Extract Market size, estimates, and forecasts are provided in terms of output/shipments (K Sqm) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2022–2030.

This report will assist keyword manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Regional Analysis:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
• South America (Colombia, Brazil, Argentina, Rest of South America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Target Audience 2026

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Contents

1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. DEFINITION AND OVERVIEW

3. EXECUTIVE SUMMARY

3.1. Snippet by Product
3.2. Snippet by Form
3.3. Snippet by Grade
3.4. Snippet by Application
3.5. Snippet by Distribution Channel
3.6. Snippet by Region

4. DYNAMICS

4.1. Impacting Factors
  4.1.1. Drivers
    4.1.1.1. Increasing Demand for Natural Ingredients
    4.1.1.2. Growing Awareness Regarding Licorice Extract for Health Benefits
  4.1.2. Restraints
    4.1.2.1. Regulatory Constraints
  4.1.3. Opportunity
  4.1.4. Impact Analysis

5. INDUSTRY ANALYSIS

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 ANALYSIS

6.1. Analysis of COVID-19
  6.1.1. Scenario Before COVID
  6.1.2. Scenario During COVID
  6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. BY PRODUCT

7.1. Introduction
  7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  7.1.2. Market Attractiveness Index, By Product
7.2. Glycyrrhizin*
  7.2.1. Introduction
  7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Glycyrrhizinate
7.4. Flavonoids
7.5. Others

8. BY FORM

8.1. Introduction
  8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  8.1.2. Market Attractiveness Index, By Form
8.2. Powder*
  8.2.1. Introduction
  8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Liquid
8.4. Block
8.5. Others

9. BY GRADE

9.1. Introduction
  9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  9.1.2. Market Attractiveness Index, By Grade
9.2. Food Grade*
  9.2.1. Introduction
  9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Feed Grade
9.4. Pharmaceutical Grade

10. BY DISTRIBUTION CHANNEL

10.1. Introduction
  10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  10.1.2. Market Attractiveness Index, By Distribution Channel
10.2. Supermarket/Hypermarket*
  10.2.1. Introduction
  10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Convenience Stores
10.4. E-Commerce
10.5. Others

11. BY APPLICATION

11.1. Introduction
  11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  11.1.2. Market Attractiveness Index, By Application
11.2. Food & Beverages*
  11.2.1. Introduction
  11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  11.2.3. Sweets
  11.2.4. Toffees & Pastilles
  11.2.5. Gums & Jellies
  11.2.6. Soft Drinks
  11.2.7. Liquor and Spirits
11.3. Pharmaceuticals
  11.3.1. Pills
  11.3.2. Syrups
  11.3.3. Others
11.4. Tobacco
11.5. Cosmetics and Personal Care
  11.5.1. Lotions
  11.5.2. Creams
  11.5.3. Skin-Lightening Products
  11.5.4. Others
11.6. Others

12. BY REGION

12.1. Introduction
  12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  12.1.2. Market Attractiveness Index, By Region
12.2. North America
  12.2.1. Introduction
  12.2.2. Key Region-Specific Dynamics
  12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    12.2.8.1. U.S.
    12.2.8.2. Canada
    12.2.8.3. Mexico
12.3. Europe
  12.3.1. Introduction
  12.3.2. Key Region-Specific Dynamics
  12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    12.3.8.1. Germany
    12.3.8.2. UK
    12.3.8.3. France
    12.3.8.4. Italy
    12.3.8.5. Russia
    12.3.8.6. Rest of Europe
12.4. South America
  12.4.1. Introduction
  12.4.2. Key Region-Specific Dynamics
  12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    12.4.8.1. Brazil
    12.4.8.2. Argentina
    12.4.8.3. Rest of South America
12.5. Asia-Pacific
  12.5.1. Introduction
  12.5.2. Key Region-Specific Dynamics
  12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
  12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    12.5.8.1. China
    12.5.8.2. India
    12.5.8.3. Japan
    12.5.8.4. Australia
    12.5.8.5. Rest of Asia-Pacific
12.6. Middle East and Africa
  12.6.1. Introduction
  12.6.2. Key Region-Specific Dynamics
  12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Form
  12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Grade
  12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel

13. COMPETITIVE LANDSCAPE

13.1. Competitive Scenario
13.2. Market Positioning/Share Analysis
13.3. Mergers and Acquisitions Analysis

14. COMPANY PROFILES

14.1. Norevo*
  14.1.1. Company Overview
  14.1.2. Product Portfolio and Description
  14.1.3. Financial Overview
  14.1.4. Recent Developments
14.2. Mafco Worldwide LLC
14.3. Sepidan Osareh Jonoob Co.
14.4. Zagros Licorice co.
14.5. Shaanxi Fujie Pharmaceutical Co., Ltd.
14.6. BGG WORLD
14.7. VPL Chemicals
14.8. Avestia Pharma
14.9. C.E. Roeper GmbH
14.10. Botanic Healthcare (LIST NOT EXHAUSTIVE)

15. APPENDIX

15.1. About Us and Services
15.2. Contact Us