About Liquorice Extract
Liquorice (Glycyrrhiza glabra) is a millennia-old herb that has been used in the East. It's commonly used in sweets and confectionary, as well as to treat minor diseases including cough, constipation, and dyspepsia. Glabra Glycyrrhiza Linn is a plant with ethnopharmacological potential that is utilised in traditional medicine all throughout the world. Glycyrrhizin, glycyrrhizinic acid, glabrin A and B, and isoflavones are among the phytoconstituents found in it. Anti-inflammatory, anti-bacterial, anti-fungal, anti-diabetic, anti-viral, anti-ulcer, antitussive, anti-oxidant, skin whitening, and anti-diuretic properties are all effective. Herbal treatments, health goods, and pharmaceuticals are in high demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Unit | Value (USD Million) |
CAGR | 4.6% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Chinese Vendors will contribute the maximum growth to Global Liquorice Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BGG World (United States), Glycyrrhiza Glabra Co., Ltd (Japan), Maruzen Pharmaceuticals Co., Ltd (China), C.E. Roeper GmbH (Germany), F&C Licorice Ltd (Israel), Mafco Worldwide LLC (United States), Norevo GmbH (Germany), Ransom Naturals (United Kingdom), Shaanxi Fujie Pharmaceutical Co, Ltd (China) and Zagros Licorice Co. (Iran) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sanat Products Limited (India), HB Natural Ingredients (United States), Zelang Group (China), Sepidan Osareh Co. (Iran), Vpl Chemicals Pvt. Ltd (India) and Aushadhi Herbal (India).
Segmentation Overview
AMA Research has segmented the market of Global Liquorice Extract market by Type (Food Grade, Feed Grade and Pharmaceutical Grade), Application (Pharmaceuticals, Skin Care Products, Horticulture and Others) and Region.
On the basis of geography, the market of Liquorice Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Liquorice Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Specialty Retail will boost the Liquorice Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Herbal and Organic Products
Market Growth Drivers:
Multiple Health Benefits and Surge in Demand for Healthcare and Cosmetics
Challenges:
Additional Costs Due to Taxes and Tariffs
Restraints:
Side Effects and Adverse Rections
Opportunities:
Growing Healthcare Infrastructure and Low Penetration in Western Regions
Market Leaders and their expansionary development strategies
In December 2022, Merisant Company and MAFCO Worldwide LLC announced a formal business combination. Merisant and MAFCO are operating subsidiaries of Flavors Holdings Inc., which is controlled by MacAndrews & Forbes Incorporated affiliates. Act II will merge with the companies of Merisant, MAFCO, and certain of their subsidiaries, subject to the terms and circumstances contained in the Purchase and Sale agreement.
In 2022, Mafco launched new category-specific, multi-tasking Magna-Brand products that find today's most challenging products. They have launched their latest multi-tasking Magna-Brand products that, by selective compounding, are some of the most productive and cost-effective for Taste Modulation.
Key Target Audience
Liquorice Extract Manufactures, New Entrants and Investors, Liquorice Extract Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.