Licorice Extract Market Drivers, Ongoing Trends, Challenges, Top Companies & Forecast 2023-2028

The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28.

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Global Licorice Extract Market Driver

Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market –

Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.

What Does Our Research Report Consist of?

MarkNtel Advisors aims to provide stakeholders with accurately curated research report. Whether global, regional, or national, we focus on expanding geographies and areas of expertise to provide a clear picture of the market. Our recently published report on the "Licorice Extract" is a comprehensive study of the industry, providing unbiased information and statistics. Every significant industry-related topic is covered in the study. By providing accurate data and statistics, it offers a comprehensive image and prognosis of the industry. The market analysis tracks all recent breakthroughs & developments made by current manufacturers or developers, focuses on potential end-users, and highlights any obstacles that might hinder the market's growth.

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Period & Statistics:

Historical Period: 2018-21

Forecast Years: 2023-28

Understanding the Competitive Landscape:

As the market is characterized by the presence of numerous competitors that provide creative & profitable solutions supporting the sector's development, we thoroughly assess all top and emerging competitors by considering market share, gain, sales, product/service portfolio, and other important elements.

• Alfarid Corporation Limited
• AOS Products Pvt. Ltd.
• Avestia Pharma
• E. Roeper GmbH
• F&C Licorice Ltd.
• Herbochem
• Hyundai Bioland
• Mafco Worldwide LLC
• Maruzen Pharmaceuticals Co. Ltd.
• Norevo GmbH
• Shaanxi FUJIE Pharmaceutical Co. Ltd.
• VPL Chemicals Pvt Ltd.
• Beijing Gingko Group
• Glycyrrhiza Glabra Co. Ltd.
• Ransom Naturals Ltd.
• Others

Let’s Travel to the Diverse Market Regions

Our qualified researchers & analysts use all their skills to provide a detailed picture of every region/nation, such as:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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What are the Significant Licorice Extract Market Segmentations?

We provide a fully-fledged assessment of each segment and its sub-segments to help our clients understand the Licorice Extract Market. To assist our valued clients, we focus on discovering the primary drivers that are and would shape the industry's expansion. Delve into to know about the fragmentations:

By Product Type

-Food Grade- Market Size & Forecast 2018-2028, USD Million

-Feed Grade- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million

By Form

-Powder- Market Size & Forecast 2018-2028, USD Million

-Liquid- Market Size & Forecast 2018-2028, USD Million

-Block- Market Size & Forecast 2018-2028, USD Million

By End Users

-Food & Beverages- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical- Market Size & Forecast 2018-2028, USD Million

-Tobacco- Market Size & Forecast 2018-2028, USD Million

-Others- Market Size & Forecast 2018-2028, USD Million

Key Questions Addressed in the Licorice Extract Market Research Report:

• What is the estimated size, share, and CAGR of the Licorice Extract Market during the forecast period?
• What key trends are projected to impact the Licorice Extract Market from 2023 to 28?
• Which segments and sub-segments are considered in the Licorice Extract Market research study?
• Who are the key stakeholders and players in the Licorice Extract Market ?
• What is the anticipated demand for different types of products/services in the Licorice Extract Market through 2023-28?

About us –

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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