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Licorice Extract Market, by Product Type, Form, Application, and Geography - Trends and Forecast till 2025

Licorice Extract Market, by Product Type, Form, Application, and Geography - Trends and Forecast till 2025

Licorice is root of Glycyrrhiza glabra, which is a widely used as medicinal herb. Licorice extract is produced by boiling its root. It is effectively used as anti-bacterial, anti-inflammatory, anti-diabetic, anti-fungal, anti-oxidant, anti-diuretic agent, and for skin whitening. Licorice is used as a sweetener in beverages and candies and also as medical herb, as a flavoring agent in tea and in confectionery. The licorice extracts market is witnessing a steady growth due to increasing demand for herbal products, pharmaceuticals products, and others. However, allergic reactions, vision problems, weight changes etc. are some of the restraining factors expected to adversely affect growth of the licorice extracts market.    
Market Dynamics
Asia Pacific is expected to be dominant in the global market over the forecast period. This is mainly attributed to increasing demand for herbal medicines and in pharmaceuticals. In Europe, increasing consumer preference for natural ingredients in food and beverages drives growth of the licorice extracts market. Furthermore, demand for licorice from confectionery industry is also projected to witness significant growth owing to increasing consumer preference for sugar free items, driving growth of the licorice extract market. Also, growing production of MAG sweeteners and usage of licorice extracts in tobacco products is expected to boost growth of the market.
Key features of the study:

This report provides in-depth analysis of licorice extracts and provides market size (US$ Mn and Kilotons (KT)) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global licorice extracts market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Norevo GmbH, MAFCO Worldwide LLC, FC Licorice, Zagros Licorice Co., Ransom Naturals Ltd., Aushadhi Herba, VPL Chemicals, Sepidan Osareh Co. and among others.
Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global licorice extracts market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the licorice extracts market

Detailed Segmentation:

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

Global Licorice Extracts Market, By Geography:

North America

U.S.

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Canada

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Europe

U.K.

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Germany

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Italy

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

France

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Russia

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Rest of Europe

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Asia-Pacific

China

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

India

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Japan

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

ASEAN

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Australia

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

South Korea

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Rest of Asia Pacific

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Latin America

Brazil

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Mexico

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Rest of Latin America

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Middle East

GCC

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Israel

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Rest of Middle East

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Africa

North Africa

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Central Africa

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

South Africa

By Product Type:

Food Grade
Feed Grade
Pharmaceutical Grade

By Form Type:

Powder
Liquid
Block

By Application:

Food & Beverages
Pharmaceutical
Tobacco
Others

Company Profiles

Norevo GmbH *

Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans

MAFCO Worldwide LLC
FC Licorice
Zagros Licorice Co.
Ransom Naturals Ltd.
Aushadhi Herba
VPL Chemicals
Sepidan Osareh Co.
Zelang Group
Maruzen Pharmaceuticals Co. Ltd.

“*” marked represents similar segmentation in other categories in the respective section.


1. Research Objective and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet By Product Type
Market Snippet By Form
Market Snippet By Application
Market Snippet By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Product Type Approvals/Launch
Promotion and Marketing Initiatives
Cost Tier Down Analysis
4. Global Licorice Extracts Market, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Introduction
Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends
Food Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Feed Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Pharmaceutical Grade
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
5. Global Licorice Extracts Market, By Form, 2017–2025 (US$ Mn & Kilotons)
Introduction
Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends
Powder
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Liquid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Block
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
6. Global Licorice Extracts Market, By Application, 2017 – 2025 (US$ Mn & Kilotons)
Introduction
Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, 2017–2025
Segment Trends
Food & Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Pharmaceutical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Tobacco
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn & Kilotons)
7. Global Licorice Extracts Market, By Region, 2017–2025 (US$ Mn & Kilotons)
Introduction
Market Share Analysis, 2016 and 2025 (%)
Y-o-Y Growth Analysis, For Regions, 2017–2025
North America
Market Share Analysis, By Country, 2017 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Europe
Market Share Analysis, By Country, 2016 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
U.K.
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Spain
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Germany
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Italy
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
France
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Russia
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Rest of Europe
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Asia Pacific
Market Share Analysis, By Country, 2016 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
China
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
India
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Japan
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
ASEAN
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Australia
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
South Korea
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Rest of Asia Pacific
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Latin America
Market Share Analysis, By Country, 2016 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
Brazil
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Argentina
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Mexico
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Rest of Latin America
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Middle East
Market Share Analysis, By Country, 2016 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
GCC
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Israel
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Rest of Middle East
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Africa
Market Share Analysis, By Country, 2016 and 2025 (%)
Y-o-Y Growth Analysis, By Country, 2017–2025
North Africa
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
Central Africa
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
South Africa
Country Trends
Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Form, 2017–2025 (US$ Mn & Kilotons)
Market Size and Forecast, By Application, 2017–2025 (US$ Mn & Kilotons)
8. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Norevo GmbH
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
MAFCO Worldwide LLC
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
FC Licorice
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Zagros Licorice Co.
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Ransom Naturals Ltd.
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Aushadhi Herba
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
VPL Chemicals
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Sepidan Osareh Co.
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Zelang Group
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Maruzen Pharmaceuticals Co. Ltd.
Company Overview
Product Type Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
Analyst Views
9. Section
References
Research Methodology
About us and Sales Contact
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