Licorice Root Market: Growing Use as a Sweetener in the Food and Beverage Industry to Provide a Plethora of Opportunities to Vendors: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)
An Overview of the Global Licorice Root Market with Reference to the Food and Beverages Global Industry Outlook
The food and beverage industry in North America is colossal and comprises and number of players in largely fragmented and multi-tiered supply chains. The industry is stringently regulated and players often have to adapt to a landscape that changes quite frequently. The primary demand drivers in North America are witnessing fast-paced evolution, as dietary habits receive emphasis, especially among consumers who scour every label to read the ingredients. Although mergers and acquisitions have been a staple in the food and beverage industry, uncertainties in political climate in Europe and America lead to a slowdown in 2016. As there is more clarity on the U.S. Presidential election and Brexit, the pace of mergers and acquisitions is likely to pick up.
The evolving tastes and preferences of consumers are not lost on manufacturers, as offerings have been broadened to accommodate organic and natural food products. Many established players are focusing in acquiring smaller companies which have the expertise and reputation of being pros in specific organic and natural domains. These smaller companies have deep brad loyalty, and owing to the small scale of production, it is much easier for them to come up with innovative products. These factors, combined with increasing emphasis on organic and natural, are likely to make smaller companies attractive targets for mergers and acquisitions.
In Europe, notable developments that the food and beverage industry needs to lookout for are stricter monitoring of unfair trade practices (UTPs) by the European Commission (EC). Many food and beverage manufacturers are currently assessing the risk to business once Brexit comes into effect. As the timing and full impact of Brexit is still uncertain, food and beverage companies are focusing on taking preventive action to secure their business interests.
List of factors tracked in the Food Ingredients Market Report
In the food ingredients sub-domain, the following factors have been tracked.
Food ingredients consumption by different markets
Food ingredients produced by key manufactures
Allied market growth
Utilization of ingredient by volume in food products
Key use area (eg. Bakery, beverages, dairy, baby food etc.)
Parent market growth and share for allied industry
Level of usage
Key manufacturers
Forms available (Form of ingredients)
FOB and CIF pricing Final product- Consumption pattern and preferences
Demand for organic, natural and conventional
Research Methodology
FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.
Data Collection
FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.
Data Validation
In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.
Data Analysis and Projection
Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.
For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.
Standard Report Structure
Executive Summary
Market Definition
Macro-economic analysis
Parent Market Analysis
Market Overview
Forecast Factors
Segmental Analysis and Forecast
Regional Analysis
Competition Analysis
- 1. Executive Summary
- 1.1. Market Overview
- 1.2. Market Analysis
- 1.3. FMI Analysis and Recommendations
- 1.4. Wheel of Fortune
- 2. Market Introduction
- 2.1. Market Definition
- 2.2. Market Taxonomy
- 2.3. Analyst Credentials
- 2.4. About FMI
- 3. Licorice Root Market Background
- 3.1. Macro-Economic Factors
- 3.2. Opportunity Analysis
- 3.3. Value Chain Analysis
- 3.4. Cost Structure
- 3.5. Licorice Root Market Supply
- 3.6. Market Dynamics
- 3.6.1. Drivers
- 3.6.2. Restraints
- 3.6.3. Trends
- 3.7. Macro-Economic Factors – Relevance and Impact
- 4. Global Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 4.1. Market Volume (Metric Tons) & Market Size (US$ Mn) Projections
- 4.1.1. Absolute $ Opportunity Analysis
- 4.1.2. Pricing Analysis
- 5. Global Supply/Demand Analysis, By Region
- 5.1. North America Analysis
- 5.2. Latin America Analysis
- 5.3. Western Europe Analysis
- 5.4. Eastern Europe Analysis
- 5.5. APEJ Analysis
- 5.6. Japan Analysis
- 5.7. Middle East & Africa Analysis
- 6. Global Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028, by Product Form
- 6.1. Introduction
- 6.1.1. Market Value Share Analysis By Product Form
- 6.1.2. Y-o-Y Growth Analysis By Product Form
- 6.2. Historical Market Size (US$ Mn) and Volume By Product Form, 2013–2017
- 6.3. Market Size (US$ Mn) and Volume Forecast By Product Form, 2018-2028
- 6.3.1. Roots
- 6.3.2. Extracts
- 6.3.2.1. Powder
- 6.3.2.2. Blocks
- 6.3.2.3. Paste
- 6.3.2.4. Others
- 6.4. Market Attractiveness Analysis By Product Form
- 7. Global Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028, by End Use
- 7.1. Introduction
- 7.1.1. Market Value Share Analysis By End Use
- 7.1.2. Y-o-Y Growth Analysis By End Use
- 7.2. Historical Market Size (US$ Mn) and Volume By End Use, 2013–2017
- 7.3. Market Size (US$ Mn) and Volume Forecast By End Use, 2018-2028
- 7.3.1. Food & Beverage Industry
- 7.3.2. Tobacco Industry
- 7.3.3. Pharmaceutical Industry
- 7.3.4. Cosmetic Industry
- 7.3.5. Dietary Supplements
- 7.4. Market Attractiveness Analysis By End Use
- 8. Global Licorice Root Market Analysis and Forecast, By Region
- 8.1. Introduction
- 8.1.1. Market Value Share Analysis By Region
- 8.1.2. Y-o-Y Growth Analysis By Region
- 8.2. Historical Market Size (US$ Mn) and Volume By Region, 2013–2017
- 8.3. Market Size (US$ Mn) and Volume Forecast By Region, 2018-2028
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Western Europe
- 8.3.4. Eastern Europe
- 8.3.5. APEJ
- 8.3.6. Japan
- 8.3.7. Middle East & Africa
- 8.4. Market Attractiveness Analysis By Region
- 9. North America Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- Market analysis and forecast in U.S. and Canada
- 9.1. Introduction
- 9.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 9.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 9.3.1. By Country
- 9.3.1.1. U.S.
- 9.3.1.2. Canada
- 9.3.2. By Product Form
- 9.3.3. By End Use
- 9.4. Market Attractiveness Analysis
- 9.4.1. By Country
- 9.4.2. By Product Form
- 9.4.3. By End Use
- 9.5. Drivers and Restraints: Impact Analysis
- 9.6. Key Participants Market Presence Intensity Mapping
- 10. Latin America Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 10.1. Introduction
- 10.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 10.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 10.3.1. By Country
- 10.3.1.1. Brazil
- 10.3.1.2. Mexico
- 10.3.1.3. Rest of Latin America
- 10.3.2. By Product Form
- 10.3.3. By End Use
- 10.4. Market Attractiveness Analysis
- 10.4.1. By Country
- 10.4.2. By Product Form
- 10.4.3. By End Use
- 10.5. Drivers and Restraints: Impact Analysis
- 10.6. Key Participants Market Presence Intensity Mapping
- 11. Western Europe Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 11.1. Introduction
- 11.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 11.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 11.3.1. By Country
- 11.3.1.1. Germany
- 11.3.1.2. United Kingdom
- 11.3.1.3. France
- 11.3.1.4. Italy
- 11.3.1.5. Spain
- 11.3.1.6. Benelux
- 11.3.1.7. Nordic Region
- 11.3.1.8. Rest of Western Europe
- 11.3.2. By Product Form
- 11.3.3. By End Use
- 11.4. Market Attractiveness Analysis
- 11.4.1. By Country
- 11.4.2. By Product Form
- 11.4.3. By End Use
- 11.5. Drivers and Restraints: Impact Analysis
- 11.6. Key Participants Market Presence Intensity Mapping
- 12. Eastern Europe Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 12.1. Introduction
- 12.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 12.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 12.3.1. By Country
- 12.3.1.1. Russia
- 12.3.1.2. Poland
- 12.3.1.3. Rest of Eastern Europe
- 12.3.2. By Product Form
- 12.3.3. By End Use
- 12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Product Form
- 12.4.3. By End Use
- 12.5. Drivers and Restraints: Impact Analysis
- 12.6. Key Participants Market Presence Intensity Mapping
- 13. APEJ Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 13.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 13.3.1. By Country
- 13.3.1.1. China
- 13.3.1.2. India
- 13.3.1.3. Australia & New Zealand
- 13.3.1.4. ASEAN
- 13.3.1.5. Rest of APEJ
- 13.3.2. By Product Form
- 13.3.3. By End Use
- 13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Product Form
- 13.4.3. By End Use
- 13.5. Drivers and Restraints: Impact Analysis
- 13.6. Key Participants Market Presence Intensity Mapping
- 14. Japan Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 14.1. Introduction
- 14.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 14.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 14.3.1. By Product Form
- 14.3.2. By End Use
- 14.4. Market Attractiveness Analysis
- 14.4.1. By Product Form
- 14.4.2. By End Use
- 14.5. Drivers and Restraints: Impact Analysis
- 14.6. Key Participants Market Presence Intensity Mapping
- 15. Middle East & Africa Licorice Root Market Analysis 2013–2017 and Forecast 2018–2028
- 15.1. Introduction
- 15.2. Historical Market Size (US$ Mn) and Volume By Market Segments, 2013–2017
- 15.3. Market Size (US$ Mn) and Volume Forecast By Market Segments, 2018-2028
- 15.3.1. By Country
- 15.3.1.1. GCC Countries
- 15.3.1.2. South Africa
- 15.3.1.3. North Africa
- 15.3.1.4. Rest of MEA
- 15.3.2. By Product Form
- 15.3.3. By End Use
- 15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Product Form
- 15.4.3. By End Use
- 15.5. Drivers and Restraints: Impact Analysis
- 15.6. Key Participants Market Presence Intensity Mapping
- 16. Licorice Root Market Industry Structure
- 16.1. Market Analysis by Tier of Companies
- 16.1.1. By Large, Medium and Small
- 16.2. Market Concentration
- 16.2.1. By Top 5 and By Top 10
- 16.3. Technology Roadmap
- 17. Competition Analysis
- 17.1. Competition Dashboard
- 17.2. Competitive Benchmarking
- 17.3. Competition Developments (Mergers, Acquisitions and Expansions)
- 17.4. Competition Deepdive
- 17.4.1. Mafco Worldwide Corporation
- 17.4.1.1. Overview
- 17.4.1.2. Product Portfolio
- 17.4.1.3. Production Footprint
- 17.4.1.4. Strategy Overview
- 17.4.1.4.1. Marketing Strategy
- 17.4.1.4.2. Product Strategy
- 17.4.1.4.3. Channel Strategy
- 17.4.2. NOREVO GmbH
- 17.4.2.1. Overview
- 17.4.2.2. Product Portfolio
- 17.4.2.3. Production Footprint
- 17.4.2.4. Strategy Overview
- 17.4.2.4.1. Marketing Strategy
- 17.4.2.4.2. Product Strategy
- 17.4.3. Turkmendermansenagat [Agro-industrial complex (Buyan)]
- 17.4.3.1. Overview
- 17.4.3.2. Product Portfolio
- 17.4.3.3. Production Footprint
- 17.4.3.4. Strategy Overview
- 17.4.3.4.1. Marketing Strategy
- 17.4.3.4.2. Product Strategy
- 17.4.4. Alfarid Corporation Limited
- 17.4.4.1. Overview
- 17.4.4.2. Product Portfolio
- 17.4.4.3. Production Footprint
- 17.4.4.4. Strategy Overview
- 17.4.4.4.1. Marketing Strategy
- 17.4.4.4.2. Product Strategy
- 17.4.5. Maruzen Pharmaceuticals Co. Ltd.
- 17.4.5.1. Overview
- 17.4.5.2. Product Portfolio
- 17.4.5.3. Production Footprint
- 17.4.5.4. Strategy Overview
- 17.4.5.4.1. Marketing Strategy
- 17.4.5.4.2. Product Strategy
- 17.4.6. Amarelli Fabbrica Di Liquirizia Di Fortunato Amarelli & C. Sas
- 17.4.6.1. Overview
- 17.4.6.2. Product Portfolio
- 17.4.6.3. Production Footprint
- 17.4.6.4. Strategy Overview
- 17.4.6.4.1. Marketing Strategy
- 17.4.6.4.2. Product Strategy
- 17.4.7. Beijing Gingko-Group Biological Technology Co. Ltd.
- 17.4.7.1. Overview
- 17.4.7.2. Product Portfolio
- 17.4.7.3. Production Footprint
- 17.4.7.4. Strategy Overview
- 17.4.7.4.1. Marketing Strategy
- 17.4.7.4.2. Product Strategy
- 17.4.8. Naturex SA
- 17.4.8.1. Overview
- 17.4.8.2. Product Portfolio
- 17.4.8.3. Production Footprint
- 17.4.8.4. Strategy Overview
- 17.4.8.4.1. Marketing Strategy
- 17.4.8.4.2. Product Strategy
- 17.4.9. Herbs Iran
- 17.4.10. Fanavaran Tosee Sanat Gharb (FTS Co.)
- 17.4.11. Green Agro Invest LLC
- 17.4.12. Zagros Licorice co.
- 17.4.13. Shadian
- 17.4.14. Glycyrrhiza Glabra Co, Ltd
- 17.4.15. RA-MA BAYRAKDAR L?COR?CE ROOTS ?NDUSTRY AND TRAD?NG CO.
- 17.4.16. Hepner & Eschenbrenner GmbH & Co. KG
- 17.4.17. Cemay Licorice Root Industry CO. LTD.
- 17.4.18. F & C Licorice Group
- 17.4.19. Russolod LLC
- 17.4.20. Nutra Green Biotechnology Co., Ltd.
- Research Methodology