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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)

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

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