Global Licorice Extract Market Size, Share, Growth Analysis Report - Forecast 2034
Licorice Extract Market By Product Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Form (Powder, Liquid, Block), By Application (Food & Beverages, Pharmaceutical, Tobacco, Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Food & Beverage Report Format : PDF
Pages: 174 Report Code: ZMR-2035
Published Date: Jun-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 895.45 Million | USD 1634.13 Million | 6.2% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Licorice Extract Market, (2022 - 2030) (USD Billion)
- 2.2 Global Licorice Extract Market : snapshot
- Chapter 3. Global Licorice Extract Market - Industry Analysis
- 3.1 Licorice Extract Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing awareness regarding the beneficial properties of licorice extract among the population to drive the market growth
- 3.3 Market Restraints
- 3.3.1. Cost efficiency of synthetic sweeteners to limit the market growth
- 3.4 Market Opportunities
- 3.4.1. Increasing demand from the cosmetics and personal care industry provides a lucrative opportunity
- 3.5 Market Challenges
- 3.5.1. A decrease in the tobacco business poses a major challenge to the market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Form
- 3.7.3 Market attractiveness analysis By Application
- Chapter 4. Global Licorice Extract Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Licorice Extract Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Licorice Extract Market - Type Analysis
- 5.1 Global Licorice Extract Market overview: By Type
- 5.1.1 Global Licorice Extract Market share, By Type, 2021 and 2030
- 5.2 Food Grade
- 5.2.1 Global Licorice Extract Market by Food Grade, 2022 - 2030 (USD Billion)
- 5.3 Pharmaceutical Grade
- 5.3.1 Global Licorice Extract Market by Pharmaceutical Grade, 2022 - 2030 (USD Billion)
- 5.1 Global Licorice Extract Market overview: By Type
- Chapter 6. Global Licorice Extract Market - Form Analysis
- 6.1 Global Licorice Extract Market overview: By Form
- 6.1.1 Global Licorice Extract Market share, By Form, 2021 and 2030
- 6.2 Liquid
- 6.2.1 Global Licorice Extract Market by Liquid, 2022 - 2030 (USD Billion)
- 6.3 Block
- 6.3.1 Global Licorice Extract Market by Block, 2022 - 2030 (USD Billion)
- 6.4 Powder
- 6.4.1 Global Licorice Extract Market by Powder, 2022 - 2030 (USD Billion)
- 6.1 Global Licorice Extract Market overview: By Form
- Chapter 7. Global Licorice Extract Market - Application Analysis
- 7.1 Global Licorice Extract Market overview: By Application
- 7.1.1 Global Licorice Extract Market share, By Application, 2021 and 2030
- 7.2 Food & Beverages
- 7.2.1 Global Licorice Extract Market by Food & Beverages, 2022 - 2030 (USD Billion)
- 7.3 Tobacco Products
- 7.3.1 Global Licorice Extract Market by Tobacco Products, 2022 - 2030 (USD Billion)
- 7.4 Cosmetics & Personal Care
- 7.4.1 Global Licorice Extract Market by Cosmetics & Personal Care, 2022 - 2030 (USD Billion)
- 7.5 Pharmaceuticals
- 7.5.1 Global Licorice Extract Market by Pharmaceuticals, 2022 - 2030 (USD Billion)
- 7.1 Global Licorice Extract Market overview: By Application
- Chapter 8. Licorice Extract Market - Regional Analysis
- 8.1 Global Licorice Extract Market Regional Overview
- 8.2 Global Licorice Extract Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.3.1.1 North America Licorice Extract Market, by Country, 2022 - 2030 (USD Billion)
- 8.3.1 North America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4 North America Licorice Extract Market, by Type, 2022 - 2030
- 8.4.1 North America Licorice Extract Market, by Type, 2022 - 2030 (USD Billion)
- 8.5 North America Licorice Extract Market, by Form, 2022 - 2030
- 8.5.1 North America Licorice Extract Market, by Form, 2022 - 2030 (USD Billion)
- 8.6 North America Licorice Extract Market, by Application, 2022 - 2030
- 8.6.1 North America Licorice Extract Market, by Application, 2022 - 2030 (USD Billion)
- 8.4. Europe
- 8.4.2 Europe Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4.2.1 Europe Licorice Extract Market, by Country, 2022 - 2030 (USD Billion)
- 8.4.2 Europe Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4 Europe Licorice Extract Market, by Type, 2022 - 2030
- 8.4.1 Europe Licorice Extract Market, by Type, 2022 - 2030 (USD Billion)
- 8.5 Europe Licorice Extract Market, by Form, 2022 - 2030
- 8.5.1 Europe Licorice Extract Market, by Form, 2022 - 2030 (USD Billion)
- 8.6 Europe Licorice Extract Market, by Application, 2022 - 2030
- 8.6.1 Europe Licorice Extract Market, by Application, 2022 - 2030 (USD Billion)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.5.3.1 Asia Pacific Licorice Extract Market, by Country, 2022 - 2030 (USD Billion)
- 8.5.3 Asia Pacific Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4 Asia Pacific Licorice Extract Market, by Type, 2022 - 2030
- 8.4.1 Asia Pacific Licorice Extract Market, by Type, 2022 - 2030 (USD Billion)
- 8.5 Asia Pacific Licorice Extract Market, by Form, 2022 - 2030
- 8.5.1 Asia Pacific Licorice Extract Market, by Form, 2022 - 2030 (USD Billion)
- 8.6 Asia Pacific Licorice Extract Market, by Application, 2022 - 2030
- 8.6.1 Asia Pacific Licorice Extract Market, by Application, 2022 - 2030 (USD Billion)
- 8.6. Latin America
- 8.6.4 Latin America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.6.4.1 Latin America Licorice Extract Market, by Country, 2022 - 2030 (USD Billion)
- 8.6.4 Latin America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4 Latin America Licorice Extract Market, by Type, 2022 - 2030
- 8.4.1 Latin America Licorice Extract Market, by Type, 2022 - 2030 (USD Billion)
- 8.5 Latin America Licorice Extract Market, by Form, 2022 - 2030
- 8.5.1 Latin America Licorice Extract Market, by Form, 2022 - 2030 (USD Billion)
- 8.6 Latin America Licorice Extract Market, by Application, 2022 - 2030
- 8.6.1 Latin America Licorice Extract Market, by Application, 2022 - 2030 (USD Billion)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.7.5.1 The Middle-East and Africa Licorice Extract Market, by Country, 2022 - 2030 (USD Billion)
- 8.7.5 The Middle-East and Africa Licorice Extract Market, 2022 - 2030 (USD Billion)
- 8.4 The Middle-East and Africa Licorice Extract Market, by Type, 2022 - 2030
- 8.4.1 The Middle-East and Africa Licorice Extract Market, by Type, 2022 - 2030 (USD Billion)
- 8.5 The Middle-East and Africa Licorice Extract Market, by Form, 2022 - 2030
- 8.5.1 The Middle-East and Africa Licorice Extract Market, by Form, 2022 - 2030 (USD Billion)
- 8.6 The Middle-East and Africa Licorice Extract Market, by Application, 2022 - 2030
- 8.6.1 The Middle-East and Africa Licorice Extract Market, by Application, 2022 - 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 NOREVO
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 FC Liquorice
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Iranlicorice.com
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Zagros Liquorice co.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 VPL Chemicals
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 MAFCO Worldwide LLC
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 RANSOM NATURALS LTD
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Aushadhi Herbal
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Aseh Co.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Green Wave Ingredients Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Sanat Products LTD.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Maruzen Pharmaceutical Co. Ltd.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Alfarid Corporation Limited
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Avestia Pharma
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Nutra Green Biotechnology Co. Ltd.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Mafco Worldwide LLC
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Mitsubishi Corporation Life Sciences Limited.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 HYUNDAI BIOLAND
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.1 NOREVO
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Licorice Extract Market, 2022 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Licorice Extract Market attractiveness, By Type
- 6. Global Licorice Extract Market attractiveness, By Form
- 7. Global Licorice Extract Market attractiveness, By Application
- 8. Global Licorice Extract Market share by Type, 2022 and 2030 (USD Billion)
- 9. Global Licorice Extract Market by Food Grade, 2022 - 2030 (USD Billion)
- 10. Global Licorice Extract Market by Pharmaceutical Grade, 2022 - 2030 (USD Billion)
- 11. Global Licorice Extract Market share by Form, 2022 and 2030 (USD Billion)
- 12. Global Licorice Extract Market by Liquid, 2022 - 2030 (USD Billion)
- 13. Global Licorice Extract Market by Block, 2022 - 2030 (USD Billion)
- 14. Global Licorice Extract Market by Powder, 2022 - 2030 (USD Billion)
- 15. Global Licorice Extract Market share by Application, 2022 and 2030 (USD Billion)
- 16. Global Licorice Extract Market by Food & Beverages, 2022 - 2030 (USD Billion)
- 17. Global Licorice Extract Market by Tobacco Products, 2022 - 2030 (USD Billion)
- 18. Global Licorice Extract Market by Cosmetics & Personal Care, 2022 - 2030 (USD Billion)
- 19. Global Licorice Extract Market by Pharmaceuticals, 2022 - 2030 (USD Billion)
- 20. Global Licorice Extract Market share, by Region, 2022 and 2030
- 21. North America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 22. Europe Licorice Extract Market, 2022 - 2030 (USD Billion)
- 23. Asia Pacific Licorice Extract Market, 2022 - 2030 (USD Billion)
- 24. Latin America Licorice Extract Market, 2022 - 2030 (USD Billion)
- 25. The Middle-East and Africa Licorice Extract Market, 2022 - 2030 (USD Billion)
Table Of Tables
- 1. Global Licorice Extract Market: Snapshot
- 2. Drivers of the Licorice Extract Market: impact analysis
- 3. North America Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 4. North America Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 5. North America Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 6. U.S. Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 7. U.S. Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 8. U.S. Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 9. Canada Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 10. Canada Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 11. Canada Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 12. Europe Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 13. Europe Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 14. Europe Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 15. Germany Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 16. Germany Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 17. Germany Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 18. France Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 19. France Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 20. France Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 21. U.K. Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 22. U.K. Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 23. U.K. Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 24. Italy Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 25. Italy Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 26. Italy Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 27. Spain Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 28. Spain Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 29. Spain Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 30. Rest of Europe Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 31. Rest of Europe Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 32. Rest of Europe Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 33. Asia Pacific Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 34. Asia Pacific Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 35. Asia Pacific Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 36. China Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 37. China Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 38. China Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 39. Japan Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 40. Japan Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 41. Japan Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 42. India Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 43. India Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 44. India Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 45. South Korea Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 46. South Korea Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 47. South Korea Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 48. South-East Asia Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 49. South-East Asia Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 50. South-East Asia Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 51. Rest of Asia Pacific Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 52. Rest of Asia Pacific Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 53. Rest of Asia Pacific Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 54. Latin America Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 55. Latin America Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 56. Latin America Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 57. Brazil Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 58. Brazil Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 59. Brazil Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 60. Mexico Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 61. Mexico Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 62. Mexico Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 63. Rest of Latin America Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 64. Rest of Latin America Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 65. Rest of Latin America Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 66. The Middle-East and Africa Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 67. The Middle-East and Africa Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 68. The Middle-East and Africa Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 69. GCC Countries Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 70. GCC Countries Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 71. GCC Countries Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 72. South Africa Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 73. South Africa Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 74. South Africa Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
- 75. Rest of Middle-East Africa Licorice Extract Market revenue, By Type, 2022 - 2030 (USD Billion)
- 76. Rest of Middle-East Africa Licorice Extract Market revenue, By Form, 2022 - 2030 (USD Billion)
- 77. Rest of Middle-East Africa Licorice Extract Market revenue, By Application, 2022 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
The global licorice extract market is expected to grow due to rising demand for natural, increasing consumer awareness of its diverse health benefits, and plant-based ingredients in the food & beverage.
According to a study, the global licorice extract market size was worth around USD 895.45 Million in 2024 and is expected to reach USD 1634.13 Million by 2034.
The global licorice extract market is expected to grow at a CAGR of 6.2% during the forecast period.
Leading players in the global licorice extract market include Ransom Naturals Ltd, Glycyrrhiza Glabra Co., Ltd, Norevo Gmbh, Mafco Worldwide Llc (Part Of World Earth Brands Group), Shaanxi Fujie Pharmaceutical Co., Ltd, .Zagros Licorice Co., Beijing Gingko Group, F&C Licorice Ltd., .C.E. Roeper Gmbh, Maruzen Pharmaceuticals Co., Ltd, among others.
Asia-Pacific is expected to dominate the licorice extract market over the forecast period.
The report explores crucial aspects of the licorice extract market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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