LICORICE EXTRACT MARKET, BY PRODUCT TYPE (FOOD GRADE, FEED GRADE AND PHARMACEUTICAL GRADE), BY FORM (POWDER, LIQUID AND BLOCK), BY APPLICATION (FOOD & BEVERAGES, PHARMACEUTICAL, TOBACCO AND OTHERS), AND BY GEOGRAPHY - TRENDS AND FORECAST TILL 2025

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Licorice Extract Market
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY
ANALYSIS, 2016­2025

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REPORT DESCRIPTION
Licorice extracts are used as in medicines and is available in powdered or liquid form, which is derived from
licorice roots. It is produced by boiling licorice roots (Glycyrrhiza glabra), which is a plant native to the
Mediterranean region. This extract is used as a sweetener, flavoring agent, and in herbal medicines.
Furthermore, it is significantly consumed owing to its anti­inflammatory, antiviral, and detoxification
properties. Licorice extract is sweeter as compared to sugar (almost 50 times), hence, it is widely used in the
food industry. Increasing demand for herbal medicines, plant­based sweeteners, and growing awareness related
to sugar free products is expected to drive growth of licorice extracts market during the forecast period.
Licorice extracts are segment on the basis of product type in food grade, feed grade, and pharmaceutical grade.
The pharmaceutical grade segment is expected to account for the largest market share over the forecast period.
This can be attributed to large medicinal applications of the extract along with increasing use in cancer
prevention. Food grade segment is expected to accounts for a substantial market share in terms of revenue.
Increasing use of licorice extracts in food industry and growing demand for natural ingredient is projected to
boost growth of the licorice market. Licorice extracts are further segmented on the basis of application, which
includes food & beverages, pharmaceutical, tobacco, and others. Pharmaceutical segment is expected to account
for the highest revenue share over the forecast period, due to increasing use of licorice extracts in medicines
due to its anti­microbial properties.
Licorice Extract Market:Overview

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REPORT DESCRIPTION
●
Global Licorice Extracts Market, By Product Type:
●
Food Grade
●
Feed Grade
●
Pharmaceutical Grade
●
Global Licorice Extracts Market, By Form Type:
●
Powder
●
Liquid
●
Block
●
Global Licorice Extracts Market, By Application:
●
Food & Beverages
●
Pharmaceutical
●
Tobacco
●
Others
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Licorice Extract Market:Segmentation

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REPORT DESCRIPTION
Major players involved in Licorice Extract Market:
Norevo GmbH,
MAFCO Worldwide LLC,
FC Licorice,
Zagros Licorice Co.,
Ransom NaturalsLtd.,
Aushadhi Herba,
VPL Chemicals,
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Licorice Extract Market:Key Players

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