Latest research report on “Licorice Extract Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
This report contains market size and forecasts of Licorice Extract in global, including the following market information:
Global Licorice Extract Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Licorice Extract Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Licorice Extract companies in 2021 (%)
The global Licorice Extract market was valued at 895.2 million in 2021 and is projected to reach US$ 865.6 million by 2028, at a CAGR of -0.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pharmaceutical Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Licorice Extract include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, FandC Licorice, Norevo GmbH, Ransom Naturals, Maruzen Pharmaceuticals and MCFS, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Licorice Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Licorice Extract Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, by Type, 2021 (%)
– Pharmaceutical Grade
– Food Grade
– Feed Grade
Global Licorice Extract Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, by Application, 2021 (%)
– Pharmaceutical
– Food
– Cosmetic
– Others
Global Licorice Extract Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Licorice Extract Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Licorice Extract revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Licorice Extract revenues share in global market, 2021 (%)
Key companies Licorice Extract sales in global market, 2017-2022 (Estimated), (MT)
Key companies Licorice Extract sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Magnasweet
– ASEH
– Zagros Licorice
– Sepidan Osareh
– FandC Licorice
– Norevo GmbH
– Ransom Naturals
– Maruzen Pharmaceuticals
– MCFS
– Aushadhi Herbal
– Avestia Pharma
– VPL Chemicals
– Zelang
– Changyue
– Bokai
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