Licorice Extract Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Licorice is an herb that is native to Russia and Asia to Iran. Many species are now cultivated throughout Europe, Asia, and the Middle East. Licorice extracts are used in herbalism and traditional medicine. An extract of licorice, used in supplements, can concentrate isoflavonoid and flavonoid compounds with a relatively low Glycyrrhizin content. Some of these flavanoids appear to be the ones that exert properties that would be seen as beneficial.

MARKET DYNAMICS

The licorice extract market is anticipated to grow in the forecast period owing to the increasing demand for organic products. Growing awareness of the health benefits attributed to licorice extract has boosted the growth of the licorice extract market. However, the lack of the availability of the raw materials restricts the growth of the licorice extract market. On the other hand, the increasing usage of licorice in the herbal medicines and herbal products is likely to showcase growth opportunities for the licorice extract market during the forecast period.

MARKET SCOPE

The "Global Licorice Extract Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of licorice extract market with detailed market segmentation by form, grade, application, and geography. The global licorice extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading licorice extract market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global licorice extract market is segmented on the basis of form, grade, and application. Based on form, the market is segmented as powder, paste and blocks. On the basis of grade, the market is segmented as pharmaceutical, food, and feed. On the basis of the application, the market is segmented as pharmaceuticals, tobacco, food and beverages, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global licorice extract market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The licorice extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting licorice extract market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the licorice extract market in these regions.

MARKET PLAYERS

The reports cover key developments in the licorice extract market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from licorice extract market are anticipated to lucrative growth opportunities in the future with the rising demand for licorice extract in the global market. Below mentioned is the list of few companies engaged in the licorice extract market.

The report also includes the profiles of key licorice extract companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

•  Aseh Co.
•  Aushadhi Herbal
•  FC Licorice
•  Mafco Worldwide LLC
•  Maruzen Pharmaceuticals Co. Ltd.
•  Norevo
•  Phyto Life Sciences P. Ltd.
•  Sepidanosareh Co.
•  Zagros Licorice Co.
•  Zelang Group

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Licorice Extract Report Scope