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Licorice Extract Market

Licorice Extract Market by Product Type (Food Grade, Feed Grade, and Pharmaceutical Grade), Form (Powder, Liquid, and Block), and Application (Food & Beverages, Pharmaceutical, Tobacco, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A06712
Pages: 250
Jun 2021 | 2500 Views
   
Author(s) : Himanshu Vig , Roshan Deshmukh
Tables: 117
Charts: 50
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global licorice extract market size was $1,872.9million in 2020, and is projected to reach $3,578.6 million by 2030, registering a CAGR of 6.8% from 2021 to 2030. The pharmaceuticalsegment led in terms of licorice extractmarketshare in 2020, and is expected to retain its dominance throughout the forecast period.

Licorice Extract Market

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Licorice is also known as Liquorice, or Glycyrrhizaglabra. From the roots of these medicinal plants the extracts are obtained. The extracts from roots of licorice plants are aromatic flavoring and sweet in nature. These plants are native to North Africa, Western Asia, and southern Europe. Much of the sweetness in licorice extracts comes from the compound named glycyrrhizin having a sweet taste and is around 30-50 timessweeterthan sugar. Licorice is generally grown in Afghanistan, India, China, Italy, Iran, Pakistan, Azerbaijan, Turkmenistan, Uzbekistan, Turkey, and Iraq. It is widely used in pharmaceutical, cosmetics, food & beverage as well as tobacco industry.

Licorice extracts and roots have been used since thousands of years particularly in Asia for treatment of variety of ailments, including but not limited to digestive distress, respiratory conditions, and inflammation.  Licorice consists of more than 300 compounds having myriad of properties such as anti-viral, anti-microbial, and anti-inflammatory. Traditionally licorice was widely used as a treatment for heartburn, stomach ulcers, toothache, indigestion, asthma, fever, bronchitis, and coughs. Hepatitis C, cancer memory loss, and skin infections are new areas where this medicine is found to be highly useful. 

Licorice extract is used as a flavoring agent in many kinds of food & beverages. It is also used as a sweetener to enhance the sweetness of some food. But it is not the only food additive or natural sweetener available on the market. Stevia, a natural sweetener, is more commonly used and more widely known. Anise is another naturally available plant that has a very similar taste to licorice, and is often used as a licorice substitute. Other naturally occurring herbs such asfennel, basil, chervil, tarragon, and tea tree are the alternatives to licorice extract. These alternatives pose as a barrier to licorice extract industry growth and impede the adoption of licorice extract as a natural flavoring and sweetening agent.

Segment review

The global licorice extract market is segmented on the basis of product type, form, application, and region. Based on product type, the global market is segmented into food grade, feed grade, and pharmaceutical grade. By form, the market is segmented into powder, liquid, and block. Based on application, the global market is studied across food & beverages, pharmaceutical, tobacco, and others. The global market is also analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Licorice Extract Market
By Product Type

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Feed grade segment would exhibit the highest CAGR of 8.5% during 2021-2030.

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Based on product type, the global licorice extract market is segmented into food grade, feed grade, and pharmaceutical grade. The pharmaceutical grade segment leads in terms of licorice extract market share; however, the feed grade segment is poised to grow with highest CAGR, owing to adoption of licorice extracts in feed to improve immunity and health of livestocks.

Licorice Extract Market
By Form

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Powder segment would exhibit the highest CAGR of 7.4% during 2021-2030.

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Based on form, the global licorice extract market is studied across powder, liquid, and block. The powder segment dominates the global market, and is likely to retain its dominance during the forecast period. Powder form of licorice extracts is widely used in pharmaceutical as well as the food & beverages industry.

Licorice Extract Market
By Application

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Others segment would exhibit the highest CAGR of 9.0% during 2021-2030.

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Based on application, the globallicorice extract market is studied across food & beverages, pharmaceutical, tobacco, and others. The pharmaceutical segment to retain maximum market share, owing to anti-viral, anti-inflammatory, antimicrobial properties of licorice extracts being widely used in pharmaceutical products.

Licorice Extract Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia Pacific region would exhibit the highest CAGR of 7.7% during 2021-2030.

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The report focuses on the licorice extractmarketgrowth prospects, restraints, and opportunities. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the licorice extractmarket.

Some of the major players profiled in the licorice extract market analysis areBGG World, C.E. Roeper GmbH, F&C Licorice Ltd, Glycyrrhiza Glabra Co., Ltd, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co., Ltd, Norevo GmbH, Ransom Naturals, Shaanxi Fujie Pharmaceutical Co, Ltd, and Zagros Licorice Co. Other prominent players analyzed in the report are ASEH, Sanat Products Limited, HB Natural Ingredients, Zelang Group, Sepidan Osareh Co., Vpl Chemicals Pvt. Ltd, and Aushadhi Herbal.

COVID-19 Impact Analysis

  • The licorice extractindustry is positivelyimpacted by the pandemic, owing to increased health consciousness amongst consumers.
  • The first few months of the COVID-19 pandemic had disrupted the supply chains.
  • However, the demand in pharmaceutical have gained high traction in the last year.
  • The COVID-19 has altered consumer behavior with more consumer transitioning toward clean label, natural, and organic products;thus, augmenting the market demand in the food & beverages as well as cosmetics industries.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging licorice extractmarkettrends and opportunities.
  • The report provides detailed qualitative and quantitative analysis of the currenttrends and future estimations that help evaluate the prevailing licorice extractmarket opportunities in the market.
  • The licorice extractmarketforecast is offered along with information related to key drivers, restraints, and opportunities.
  • Themarket analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Licorice Extract Market Segments

By Product Type

  • Food Grade
  • Feed Grade
  • Pharmaceutical Grade

By Form

  • Powder
  • Liquid
  • Block

By Application

  • Food & Beverages
  • Pharmaceutical
  • Tobacco
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

CHAPTER 1: INTRODUCTION

1.1. Report description 
1.2. Global Licorice Market: Snapshot
1.3. Key benefits for stakeholders
1.4. Key market segments
1.5. Research methodology

1.5.1. Primary research
1.5.2. Secondary research
1.5.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key Findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Porter's five forces analysis

3.2.1. Bargaining power of suppliers
3.2.2. Bargaining power of buyers
3.2.3. Threat of substitution
3.2.4. Threat of new entrants
3.2.5. Intensity of competitive rivalry

3.3. Parent market overview
3.4. Market dynamics 

3.4.1. Drivers

3.4.1.1. Multiple benefits of licorice extracts to drive market expansion
3.4.1.2. Cosmetic industry providing impetus to the growing market
3.4.1.3. Benefit of licorice extracts for treatment of Covid-19 to augment market proliferation

3.4.2. Restraints

3.4.2.1. Declining tobacco industry to hamper market
3.4.2.2. Availability of variety of substitutes for licorice in food and beverage industry to challenge market expansion

3.4.3. Opportunities

3.4.3.1. Increased demand for natural, clean label products to provide lucrative opportunities for engaged stakeholders
3.4.3.2. New demand from animal feed industry to create new growth avenues

3.5. Product Life Cycle By region
3.6. Manufacture Concentration Analysis

CHAPTER 4: GLOBAL LICORICE EXTRACT MARKET, BY PRODUCT TYPE

4.1. Overview

4.1.1. Market size and forecast, by Product Type

4.2. Food Grade

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Feed Grade

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Pharmaceutical Grade

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

CHAPTER 5: GLOBAL LICORICE EXTRACT MARKET, BY FORM

5.1. Overview

5.1.1. Market size and forecast, by Form

5.2. Powder

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Liquid

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Block

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

CHAPTER 6: GLOBAL LICORICE EXTRACT MARKET, BY APPLICATION

6.1. Overview

6.1.1. Market size and forecast, by application

6.2. Food & Beverage

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. Pharmaceutical

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Tobacco

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Others

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

CHAPTER 7: LICORICE EXTRACT MARKET, BY REGION

7.1. Overview

7.1.1. Market size and forecast, by region

7.2. North America

7.2.1. Overview
7.2.2. Key market trends, growth factors, and opportunities
7.2.3. Market size and forecast, by Product Type
7.2.4. Market size and forecast, by form
7.2.5. Market size and forecast, by application
7.2.6. Market analysis, by country

7.2.6.1. U.S.

7.2.6.1.1. Market size and forecast, by Product Type
7.2.6.1.2. Market size and forecast, by Form
7.2.6.1.3. Market size and forecast, by application

7.2.6.2. Canada

7.2.6.2.1. Market size and forecast, by Product Type
7.2.6.2.2. Market size and forecast, by Form
7.2.6.2.3. Market size and forecast, by application

7.2.6.3. Mexico

7.2.6.3.1. Market size and forecast, by Product Type
7.2.6.3.2. Market size and forecast, by Form
7.2.6.3.3. Market size and forecast, by application

7.3. Europe

7.3.1. Overview
7.3.2. Key market trends, growth factors, and opportunities
7.3.3. Market size and forecast, by Product Type
7.3.4. Market size and forecast, by Form
7.3.5. Market size and forecast, by Application
7.3.6. Market analysis, by country

7.3.6.1. Germany

7.3.6.1.1. Market size and forecast, by Product Type
7.3.6.1.2. Market size and forecast, by Form
7.3.6.1.3. Market size and forecast, by application

7.3.6.2. France

7.3.6.2.1. Market size and forecast, by Product Type
7.3.6.2.2. Market size and forecast, by Form
7.3.6.2.3. Market size and forecast, by application

7.3.6.3. Italy

7.3.6.3.1. Market size and forecast, by Product Type
7.3.6.3.2. Market size and forecast, by Form
7.3.6.3.3. Market size and forecast, by application

7.3.6.4. Spain

7.3.6.4.1. Market size and forecast, by Product Type
7.3.6.4.2. Market size and forecast, by Form
7.3.6.4.3. Market size and forecast, by application

7.3.6.5. UK

7.3.6.5.1. Market size and forecast, by Product Type
7.3.6.5.2. Market size and forecast, by Form
7.3.6.5.3. Market size and forecast, by application

7.3.6.6. Rest of Europe

7.3.6.6.1. Market size and forecast, by Product Type
7.3.6.6.2. Market size and forecast, by Form
7.3.6.6.3. Market size and forecast, by application

7.4. Asia-Pacific
 

7.4.1. Overview
7.4.2. Key market trends, growth factors, and opportunities
7.4.3. Market size and forecast, by Product Type
7.4.4. Market size and forecast, by Form
7.4.5. Market size and forecast, by application
7.4.6. Market analysis, by country

7.4.6.1. China

7.4.6.1.1. Market size and forecast, by Product Type
7.4.6.1.2. Market size and forecast, by Form
7.4.6.1.3. Market size and forecast, by application

7.4.6.2. Japan

7.4.6.2.1. Market size and forecast, by Product Type
7.4.6.2.2. Market size and forecast, by Form
7.4.6.2.3. Market size and forecast, by application

7.4.6.3. India

7.4.6.3.1. Market size and forecast, by Product Type
7.4.6.3.2. Market size and forecast, by Form
7.4.6.3.3. Market size and forecast, by application

7.4.6.4. AUSTRALIA

7.4.6.4.1. Market size and forecast, by Product Type
7.4.6.4.2. Market size and forecast, by Form
7.4.6.4.3. Market size and forecast, by application

7.4.6.5. SOUTH KOREA

7.4.6.5.1. Market size and forecast, by Product Type
7.4.6.5.2. Market size and forecast, by Form
7.4.6.5.3. Market size and forecast, by application

7.4.6.6. Rest of Asia-Pacific

7.4.6.6.1. Market size and forecast, by Product Type
7.4.6.6.2. Market size and forecast, by Form
7.4.6.6.3. Market size and forecast, by application

7.5. LAMEA

7.5.1. Overview
7.5.2. Key market trends, growth factors, and opportunities
7.5.3. Market size and forecast, by Product Type
7.5.4. Market size and forecast, by Form
7.5.5. Market size and forecast, by application
7.5.6. Market analysis, by country

7.5.6.1. Latin America

7.5.6.1.1. Market size and forecast, by Product Type
7.5.6.1.2. Market size and forecast, by Form
7.5.6.1.3. Market size and forecast, by application

7.5.6.2. MIDDLE EAST

7.5.6.2.1. Market size and forecast, by Product Type
7.5.6.2.2. Market size and forecast, by Form
7.5.6.2.3. Market size and forecast, by application

7.5.6.3. Africa

7.5.6.3.1. Market size and forecast, by Product Type
7.5.6.3.2. Market size and forecast, by Form
7.5.6.3.3. Market size and forecast, by application

CHAPTER 8: COMPETITION LANDSCAPE

8.1. Overview
8.2. Competitive dashboard
8.3. Competitive heat map
8.4. Product mapping
8.5. Top winning strategies

8.1. Key developments

8.1.1. Acquisition
8.1.2. Business Expansion
8.1.3. Partnership
8.1.4. Product Launch
8.1.5. Merger
8.1.6. Certification
8.1.7. Research and Development

8.2. Top Player Positioning

CHAPTER 9: COMPANY PROFILES

9.1. BEIJING GINGKO GROUP

9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Product portfolio
9.1.5. Key strategic moves and developments

9.2. C.E. ROEPER GMBH

9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Product portfolio

9.3. F&C LICORICE LTD.

9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Product portfolio

9.4. GLYCYRRHIZA GLABRA CO., LTD

9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Product portfolio

9.5. MAFCO WORLDWIDE LLC (Part of World Earth Brands Group)

9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Product portfolio
9.5.5. Business performance (Of Parent Group World Earth Brands)
9.5.6. Key strategic moves and developments

9.6. MARUZEN PHARMACEUTICALS CO., LTD

9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Key strategic moves and developments

9.7. NOREVO GMBH

9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Product portfolio

9.8. RANSOM NATURALS LTD

9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Key strategic moves and developments

9.9. SHAANXI FUJIE PHARMACEUTICAL CO., LTD

9.9.1. Company overview
9.9.2. Primary Contacts
9.9.3. Company snapshot
9.9.4. Product portfolio
9.9.5. Key strategic moves and developments

9.10. ZAGROS LICORICE CO.

9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL LICORICE EXTRACT MARKET, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 02. GLOBAL FOOD GRADE LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 03. GLOBAL FEED GRADE LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 04. GLOBAL PHARMACEUTICAL GRADE LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 05. GLOBAL LICORICE EXTRACT MARKET, BY FORM, 2020–2030 ($ MILLION)
TABLE 06. GLOBAL POWDER LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 07. GLOBAL LIQUID LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 08. GLOBAL BLOCK LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 09. GLOBAL LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 10. GLOBAL SALES OF LICORICE EXTRACT MARKET FOR FOOD & BEVERAGE, BY REGION, 2020–2030 ($ MILLION)
TABLE 11. GLOBAL SALES OF LICORICE EXTRACT MARKET FOR PHARMACEUTICAL, BY REGION, 2020–2030 ($ MILLION)
TABLE 12. GLOBAL SALES OF LICORICE EXTRACT FOR TOBACCO, BY REGION, 2020–2030 ($ MILLION)
TABLE 13. GLOBAL SALES OF LICORICE EXTRACT FOR OTHERS, BY REGION, 2020–2030 ($ MILLION)
TABLE 14. GLOBAL LICORICE EXTRACT MARKET, BY REGION, 2020–2030 ($ MILLION)
TABLE 15. NORTH AMERICA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE 2020–2030 ($ MILLION)
TABLE 16. NORTH AMERICA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 17. NORTH AMERICA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 18. NORTH AMERICA LICORICE EXTRACT MARKET VALUE, BY COUNTRY, 2020–2030 ($ MILLION)
TABLE 19. U.S. LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 20. U.S. LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 21. U.S. LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 22. CANADA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 23. CANADA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 24. CANADA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 25. MEXICO LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 26. MEXICO LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 27. MEXICO LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 28. EUROPE LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE 2020–2030 ($ MILLION)
TABLE 29. EUROPE LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 30. EUROPE LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 31. EUROPE LICORICE EXTRACT MARKET VALUE, BY COUNTRY, 2020–2030 ($ MILLION)
TABLE 32. GERMANY LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 33. GERMANY LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 34. GERMANY LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 35. FRANCE LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 36. FRANCE LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 37. FRANCE LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 38. ITALY LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 39. ITALY LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 40. ITALY LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 41. SPAIN LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 42. SPAIN LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 43. SPAIN LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 44. UK LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 45. UK LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 46. UK LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 47. REST OF EUROPE LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 48. REST OF EUROPE LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 49. REST OF EUROPE LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 50. ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE 2020–2030 ($ MILLION)
TABLE 51. ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 52. ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 53. ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY COUNTRY, 2020–2030 ($ MILLION)
TABLE 54. CHINA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 55. CHINA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 56. CHINA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 57. JAPAN LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 58. JAPAN LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 59. JAPAN LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 60. INDIA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 61. INDIA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 62. INDIA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 63. AUSTRALIA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 64. AUSTRALIA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 65. AUSTRALIA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 66. SOUTH KOREA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 67. SOUTH KOREA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 68. SOUTH KOREA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 69. REST OF ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 70. REST OF ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 71. REST OF ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 72. LAMEA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE 2020–2030 ($ MILLION)
TABLE 73. LAMEA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 74. LAMEA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 75. LAMEA LICORICE EXTRACT MARKET VALUE, BY COUNTRY, 2020–2030 ($ MILLION)
TABLE 76. LATIN AMERICA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 77. LATIN AMERICA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 78. LATIN AMERICA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 79. MIDDLE EAST LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 80. MIDDLE EAST LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 81. MIDDLE EAST LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 82. AFRICA LICORICE EXTRACT MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($ MILLION)
TABLE 83. AFRICA LICORICE EXTRACT MARKET VALUE, BY FORM, 2020–2030 ($ MILLION)
TABLE 84. AFRICA LICORICE EXTRACT MARKET VALUE, BY APPLICATION, 2020–2030 ($ MILLION)
TABLE 85. BEIJING GINGKO GROUP: KEY EXECUTIVES
TABLE 86. BEIJING GINGKO GROUP: COMPANY SNAPSHOT
TABLE 87. BEIJING GINGKO GROUP: PRODUCT PORTFOLIO
TABLE 88. C.E. ROEPER GMBH: KEY EXECUTIVES
TABLE 89. C.E. ROEPER GMBH: COMPANY SNAPSHOT
TABLE 90. C.E. ROEPER GMBH: PRODUCT PORTFOLIO
TABLE 91. F&C LICORICE LTD.: KEY EXECUTIVES
TABLE 92. F&C LICORICE LTD.: COMPANY SNAPSHOT
TABLE 93. F&C LICORICE LTD.: PRODUCT PORTFOLIO
TABLE 94. GLYCYRRHIZA GLABRA CO., LTD: KEY EXECUTIVES
TABLE 95. GLYCYRRHIZA GLABRA CO., LTD: COMPANY SNAPSHOT
TABLE 96. GLYCYRRHIZA GLABRA CO., LTD: PRODUCT PORTFOLIO
TABLE 97. MAFCO WORLDWIDE LLC: KEY EXECUTIVES
TABLE 98. MAFCO WORLDWIDE LLC: COMPANY SNAPSHOT
TABLE 99. MAFCO WORLDWIDE LLC: PRODUCT PORTFOLIO
TABLE 100. WORLD EARTH BRANDS GROUP: NET SALES, 2017–2019 ($MILLION)
TABLE 101. MARUZEN PHARMACEUTICALS CO., LTD: KEY EXECUTIVES
TABLE 102. MARUZEN PHARMACEUTICALS CO., LTD: COMPANY SNAPSHOT
TABLE 103. MARUZEN PHARMACEUTICALS CO., LTD: OPERATING SEGMENTS
TABLE 104. MARUZEN PHARMACEUTICALS CO., LTD: PRODUCT PORTFOLIO
TABLE 105. NOREVO GMBH: KEY EXECUTIVES
TABLE 106. NOREVO GMBH: COMPANY SNAPSHOT
TABLE 107. NOREVO GMBH: PRODUCT PORTFOLIO
TABLE 108. RANSOM NATURALS LTD: KEY EXECUTIVES
TABLE 109. RANSOM NATURALS LTD: COMPANY SNAPSHOT
TABLE 110. RANSOM NATURALS LTD: OPERATING SEGMENTS
TABLE 111. RANSOM NATURALS LTD: PRODUCT PORTFOLIO
TABLE 112. SHAANXI FUJIE PHARMACEUTICAL CO., LTD: PRIMARY CONTACTS
TABLE 113. SHAANXI FUJIE PHARMACEUTICAL CO., LTD: COMPANY SNAPSHOT
TABLE 114. SHAANXI FUJIE PHARMACEUTICAL CO., LTD: PRODUCT PORTFOLIO
TABLE 115. ZAGROS LICORICE CO.: KEY EXECUTIVES
TABLE 116. ZAGROS LICORICE CO.: COMPANY SNAPSHOT
TABLE 117. ZAGROS LICORICE CO.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP IMPACTING FACTORS
FIGURE 04. TOP INVESTMENT POCKETS
FIGURE 05. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06. LOW BARGAINING POWER OF BUYERS
FIGURE 07. HIGH THREAT OF SUBSTITUTION
FIGURE 08. MODERATE THREAT OF NEW ENTRANTS
FIGURE 09. HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 10. NEGATIVE IMPACT OF TOBACCO
FIGURE 11. GLOBAL LICORICE EXTRACT MARKET, BY PRODUCT TYPE, 2020 (%)
FIGURE 12. COMPARATIVE VALUE SHARE ANALYSIS OF FOOD GRADE LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 13. COMPARATIVE VALUE SHARE ANALYSIS OF FEED GRADE LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 14. COMPARATIVE VALUE SHARE ANALYSIS OF PHARMACEUTICAL GRADE LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15. GLOBAL LICORICE EXTRACT MARKET, BY FORM, 2020 (%)
FIGURE 16. COMPARATIVE VALUE SHARE ANALYSIS OF GLOBAL POWDER LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17. COMPARATIVE VALUE SHARE ANALYSIS OF LIQUID LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18. COMPARATIVE VALUE SHARE ANALYSIS OF BLOCK LICORICE EXTRACT MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 19. GLOBAL LICORICE EXTRACT MARKET, BY APPLICATION, 2020 (%)
FIGURE 20. COMPARATIVE VALUE SHARE ANALYSIS OF LICORICE EXTRACT SALES FOR FOOD & BEVERAGE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21. COMPARATIVE VALUE SHARE ANALYSIS OF LICORICE EXTRACT FOR PHARMACEUTICAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22. COMPARATIVE VALUE SHARE ANALYSIS OF SALES OF LICORICE EXTRACT FOR TOBACCO, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23. COMPARATIVE VALUE SHARE ANALYSIS OF SALES OF LICORICE EXTRACT FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24. GLOBAL LICORICE EXTRACT MARKET, BY REGION 2020 (%)
FIGURE 25. U.S. LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 26. CANADA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 27. MEXICO LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 28. GERMANY LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 29. FRANCE LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 30. ITALY LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 31. SPAIN LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 32. UK LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 33. REST OF EUROPE LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 34. CHINA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 35. JAPAN LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 36. INDIA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 37. AUSTRALIA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 38. SOUTH KOREA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 39. REST OF ASIA-PACIFIC LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 40. LATIN AMERICA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 41. MIDDLE EAST LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 42. AFRICA LICORICE EXTRACT MARKET VALUE, 2020-2030 ($ MILLION)
FIGURE 43. COMPETITIVE DASHBOARD OF TOP 10 KEY PLAYERS
FIGURE 44. COMPETITIVE HEATMAP OF TOP 10 KEY PLAYERS
FIGURE 45. PRODUCT MAPPING OF TOP 10 KEY PLAYERS
FIGURE 46. TOP WINNING STRATEGIES, BY YEAR, 2017–2021*
FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021* (%)
FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY, 2017–2021*
FIGURE 49. PLAYER POSITIONING OF TOP 10 KEY PLAYERS
FIGURE 50. WORLD EARTH BRANDS GROUP: NET SALES, 2018–2020 ($MILLION)

 
 

The global licorice extract market is expected to witness optimistic growth in upcoming yearsas it is known for its sweet taste. Growth in awareness regarding myriad of benefits of licorice surgesits demand in the market. The market is likely to witness diversification in application of licorice extracts with animal feed and cosmetics market providing new growth avenues for the proliferation of the market. Nevertheless, the market also faces stiff competition from other high intensity sweeteners such as Stevia and Aspartame. However, with growing demand for clean label natural products the prospects for future remain positive.

The manufacturers of licorice are mainly based in China with high trade flow across the world including Japan, the U.S., the UK, and other European countries. The market has also witnessed huge surge, owing to COVID-19 pandemic. Studies reveal the positive impact of licorice extracts on recovery from corona virus. Furthermore, licorice has been widely accepted in Asian countries particularly in China and India for its anti-viral properties. With increased consumer consciousness toward their health and immunity, the demand for licorice and its extracts to remain fairly high for atleast coming two years. The new demand arising is likely to be compensated by new players entering in the market and existing players expanding their production capabilities.

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A. The licorice extract market size is poised to reach $3,578.6 million by the end of 2030.

A. The licorice extract market to register a CAGR growth of 6.8% between 2021 and 2030.

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A. Some of the major players operating in the industry are BGG World, C.E. Roeper GmbH, F&C Licorice Ltd, Glycyrrhiza Glabra Co., Ltd, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co., Ltd, Norevo GmbH, Ransom Naturals, Shaanxi Fujie Pharmaceutical Co, Ltd, and Zagros Licorice Co.

A. The global licorice extract market is segmented on the basis of product type, form, application, and region.

A. 2020 is the base year used for calculation in the licorice extract market report.

A. Adoption of licorice extract in animal feed and cosmetics are the new trends in the market.

A. The COVID-19 pandemic will positively impact the licorice extract market in 2021.

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