Licorice Extract Market Size, Growth, Share, Competitive Analysis and Future Trends 2028: MarkNtel Advisors

  • PublishedJune 3, 2024

Global Licorice Extract Market Report Overview:

According to current research by MarkNtel Advisors the Global Licorice Extract Market is estimated to grow at a CAGR of around 5.2% during the forecast period, i.e., 2023-28. Data at the global, regional, and sub-regional levels are included in the report to assist stakeholders in better understanding supply and demand dynamics and how they affect the sector.

Professionals in the industry have conducted a thorough analysis of the global Licorice Extract market report, which has been presented in a way that highlights the most important facts. The most up-to-date data on the global market is the primary emphasis of the research. It includes several significant topics, such as corporate profiles, mergers and acquisitions, financial status, and feasibility research. It offers thorough details on industry chain analysis, marketing routes, and raw material costs. Stakeholders can learn more about market viability and financial sustainability through this abundance of information available. In addition, it provides a comprehensive picture of the market dynamics by illuminating the strategic actions made by organizations, their profiles, and the entire industry value chain.

Scope of the report:

Within the market under study, the report looks at the numerous applications, products/services, market value, and production capacity. In addition, it provides a thorough SWOT analysis, a threat and opportunity analysis, and a summary of the leading regions. Through this, stakeholders may find out more about the market potential for application, diversity of products/services, and market value. In addition, the research offers an evaluation of the opportunities, threats, weaknesses, and strengths, enabling stakeholders to comprehend the market environment and make wise decisions.

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Global Licorice Extract Market Trend:

Soaring Demand for Clean-Label & Organic Products to be a Key Trend in the Licorice Extract Market – The lifestyle of the population is evolving constantly across the world, leading to the surge in the adoption of healthy food & beverages, like clean-label products or natural products are anticipated to be one of the emerging trends in the Licorice Extract Market. Nowadays, most consumers are purchasing appropriate or complimentary products to enhance their way of living or lifestyle, which is also contributing to elevating the demand for licorice extracts.

Furthermore, various companies are bending towards natural or organic ingredients to foster innovation in products, such as foods, beverages, pharmaceuticals, cosmetics, etc., due to the detrimental effects of synthetic extracts. Consequently, it could be stated that the organic clean-label market for licorice extract would create lucrative opportunities in the future years as well.

Competitive Landscape:

To provide a clear picture of the competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Licorice Extract market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore, discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.

  • 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

Explore Our Comprehensive Study:

By identifying the high-growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities.

Global Licorice Extract Market Segmentation

-By Form

  • Powder
  • Liquid
  • Block

Powder form extract market would hold a considerable share in the Licorice Extract Market during 2023-28. This form of extract is broadly utilized in pharmaceutical as well a food & beverage sector, thus have strong market presence with high demand across the global market. Licorice powder form extract is a low-dust powder with numerous uses & are utilized in creating organic pills & tablets, supplements, food items that requires natural sweetness, drinks & beverages, and various others. Therefore, due to its vast adoption by several industries & with the inclusion of this specific form in several sectors to produce wide ranges of products, it can be projected that the Licorice Extract Market growth would proliferate eventually creating a profitable market outlook.

-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 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

Licorice Extract Market Geographical Reach:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Customization of Reports Available –

Key Benefits for Stakeholders:

  • To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Licorice Extract market analysis from 2023-28.
  • Information on the main factors driving the market as well as the obstacles and possibilities are provided.
  • The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
  • A comprehensive examination of the Licorice Extract market segmentation aids in identifying the dominant market opportunities.
  • The major countries in each area are shown about the revenue they generate for the global market.
  • Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
  • The research analyzes market trends for the Licorice Extract industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.

About Us

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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.

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