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Global Licorice Extracts Market Research Report 2026(Status and Outlook)

Publisher Bosson Research
Published Mar 20, 2026
Length 136 Pages
SKU # BOSS21071655

Description

Report Overview

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.Global Licorice Extract key players include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, Norevo GmbH, etc. Global top five players hold a share about 25%.Europe is the largest market, with a share about 20%, followed by China and Japan, having a total share about 25 percent. In terms of product, Food Gradeis the largest segment, with a share about 58%. And in terms of application, the largest application is Food Industry, followed by Pharmaceutical Industry, Cosmetic Industry, etc.

The global Licorice Extracts market size was estimated at USD 3597.0 million in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 6.40% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Licorice Extracts market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Licorice Extracts market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Licorice Extracts market.

Global Licorice Extracts Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

Norevo

F&C Licorice

Mafco Worldwide

Zagros Licorice

VPL Chemicals

SepidanOsareh

Maruzen Pharmaceuticals

Zelang Group

Ransom Naturals

Market Segmentation (by Type)

Powder

Semi fluid/Paste

Block

Market Segmentation (by Application)

Pharmaceutical Grade

Food Grade

Feed Grade

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Licorice Extracts Market

Overview of the regional outlook of the Licorice Extracts Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Licorice Extracts Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Licorice Extracts, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

136 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Licorice Extracts
1.2 Key Market Segments
1.2.1 Licorice Extracts Segment by Type
1.2.2 Licorice Extracts Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Licorice Extracts Market Overview
2.1 Global Market Overview
2.1.1 Global Licorice Extracts Market Size (M USD) Estimates and Forecasts (2020-2035)
2.1.2 Global Licorice Extracts Sales Estimates and Forecasts (2020-2035)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Licorice Extracts Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Licorice Extracts Product Life Cycle
3.3 Global Licorice Extracts Sales by Manufacturers (2020-2025)
3.4 Global Licorice Extracts Revenue Market Share by Manufacturers (2020-2025)
3.5 Licorice Extracts Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Licorice Extracts Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Licorice Extracts Market Competitive Situation and Trends
3.8.1 Licorice Extracts Market Concentration Rate
3.8.2 Global 5 and 10 Largest Licorice Extracts Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Licorice Extracts Industry Chain Analysis
4.1 Licorice Extracts Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Licorice Extracts Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Licorice Extracts Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Licorice Extracts Market
5.7 ESG Ratings of Leading Companies
6 Licorice Extracts Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Licorice Extracts Sales Market Share by Type (2020-2025)
6.3 Global Licorice Extracts Market Size by Type (2020-2025)
6.4 Global Licorice Extracts Price by Type (2020-2025)
7 Licorice Extracts Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Licorice Extracts Market Sales by Application (2020-2025)
7.3 Global Licorice Extracts Market Size (M USD) by Application (2020-2025)
7.4 Global Licorice Extracts Sales Growth Rate by Application (2020-2025)
8 Licorice Extracts Market Sales by Region
8.1 Global Licorice Extracts Sales by Region
8.1.1 Global Licorice Extracts Sales by Region
8.1.2 Global Licorice Extracts Sales Market Share by Region
8.2 Global Licorice Extracts Market Size by Region
8.2.1 Global Licorice Extracts Market Size by Region
8.2.2 Global Licorice Extracts Market Size by Region
8.3 North America
8.3.1 North America Licorice Extracts Sales by Country
8.3.2 North America Licorice Extracts Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Licorice Extracts Sales by Country
8.4.2 Europe Licorice Extracts Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Licorice Extracts Sales by Region
8.5.2 Asia Pacific Licorice Extracts Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Licorice Extracts Sales by Country
8.6.2 South America Licorice Extracts Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Licorice Extracts Sales by Region
8.7.2 Middle East and Africa Licorice Extracts Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Licorice Extracts Market Production by Region
9.1 Global Production of Licorice Extracts by Region(2020-2025)
9.2 Global Licorice Extracts Revenue Market Share by Region (2020-2025)
9.3 Global Licorice Extracts Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Licorice Extracts Production
9.4.1 North America Licorice Extracts Production Growth Rate (2020-2025)
9.4.2 North America Licorice Extracts Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Licorice Extracts Production
9.5.1 Europe Licorice Extracts Production Growth Rate (2020-2025)
9.5.2 Europe Licorice Extracts Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Licorice Extracts Production (2020-2025)
9.6.1 Japan Licorice Extracts Production Growth Rate (2020-2025)
9.6.2 Japan Licorice Extracts Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Licorice Extracts Production (2020-2025)
9.7.1 China Licorice Extracts Production Growth Rate (2020-2025)
9.7.2 China Licorice Extracts Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Norevo
10.1.1 Norevo Basic Information
10.1.2 Norevo Licorice Extracts Product Overview
10.1.3 Norevo Licorice Extracts Product Market Performance
10.1.4 Norevo Business Overview
10.1.5 Norevo SWOT Analysis
10.1.6 Norevo Recent Developments
10.2 FandC Licorice
10.2.1 FandC Licorice Basic Information
10.2.2 FandC Licorice Licorice Extracts Product Overview
10.2.3 FandC Licorice Licorice Extracts Product Market Performance
10.2.4 FandC Licorice Business Overview
10.2.5 FandC Licorice SWOT Analysis
10.2.6 FandC Licorice Recent Developments
10.3 Mafco Worldwide
10.3.1 Mafco Worldwide Basic Information
10.3.2 Mafco Worldwide Licorice Extracts Product Overview
10.3.3 Mafco Worldwide Licorice Extracts Product Market Performance
10.3.4 Mafco Worldwide Business Overview
10.3.5 Mafco Worldwide SWOT Analysis
10.3.6 Mafco Worldwide Recent Developments
10.4 Zagros Licorice
10.4.1 Zagros Licorice Basic Information
10.4.2 Zagros Licorice Licorice Extracts Product Overview
10.4.3 Zagros Licorice Licorice Extracts Product Market Performance
10.4.4 Zagros Licorice Business Overview
10.4.5 Zagros Licorice Recent Developments
10.5 VPL Chemicals
10.5.1 VPL Chemicals Basic Information
10.5.2 VPL Chemicals Licorice Extracts Product Overview
10.5.3 VPL Chemicals Licorice Extracts Product Market Performance
10.5.4 VPL Chemicals Business Overview
10.5.5 VPL Chemicals Recent Developments
10.6 SepidanOsareh
10.6.1 SepidanOsareh Basic Information
10.6.2 SepidanOsareh Licorice Extracts Product Overview
10.6.3 SepidanOsareh Licorice Extracts Product Market Performance
10.6.4 SepidanOsareh Business Overview
10.6.5 SepidanOsareh Recent Developments
10.7 Maruzen Pharmaceuticals
10.7.1 Maruzen Pharmaceuticals Basic Information
10.7.2 Maruzen Pharmaceuticals Licorice Extracts Product Overview
10.7.3 Maruzen Pharmaceuticals Licorice Extracts Product Market Performance
10.7.4 Maruzen Pharmaceuticals Business Overview
10.7.5 Maruzen Pharmaceuticals Recent Developments
10.8 Zelang Group
10.8.1 Zelang Group Basic Information
10.8.2 Zelang Group Licorice Extracts Product Overview
10.8.3 Zelang Group Licorice Extracts Product Market Performance
10.8.4 Zelang Group Business Overview
10.8.5 Zelang Group Recent Developments
10.9 Ransom Naturals
10.9.1 Ransom Naturals Basic Information
10.9.2 Ransom Naturals Licorice Extracts Product Overview
10.9.3 Ransom Naturals Licorice Extracts Product Market Performance
10.9.4 Ransom Naturals Business Overview
10.9.5 Ransom Naturals Recent Developments
11 Licorice Extracts Market Forecast by Region
11.1 Global Licorice Extracts Market Size Forecast
11.2 Global Licorice Extracts Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Licorice Extracts Market Size Forecast by Country
11.2.3 Asia Pacific Licorice Extracts Market Size Forecast by Region
11.2.4 South America Licorice Extracts Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Licorice Extracts by Country
12 Forecast Market by Type and by Application (2026-2035)
12.1 Global Licorice Extracts Market Forecast by Type (2026-2035)
12.1.1 Global Forecasted Sales of Licorice Extracts by Type (2026-2035)
12.1.2 Global Licorice Extracts Market Size Forecast by Type (2026-2035)
12.1.3 Global Forecasted Price of Licorice Extracts by Type (2026-2035)
12.2 Global Licorice Extracts Market Forecast by Application (2026-2035)
12.2.1 Global Licorice Extracts Sales (K MT) Forecast by Application
12.2.2 Global Licorice Extracts Market Size (M USD) Forecast by Application (2026-2035)
13 Conclusion and Key Findings
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