Licorice Extract Market to see 6.8% CAGR by 2030, Top Companies are RANSOM NATURALS LTD, F&C LICORICE LTD, ROEPER GMBH

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATE, November 15, 2023 /EINPresswire.com/ — The global Licorice Extract Market size was $1,872.9 Million in 2020, and is projected to reach $3,578.6 million by 2030, registering a CAGR of 6.8% from 2021 to 2030. The pharmaceutical segment led in terms of licorice extract market share in 2020, and is expected to retain its dominance throughout the forecast period.

Licorice is also known as Liquorice, or Glycyrrhi zaglabra. From the roots of these medicinal plants the extracts are obtained. The extracts from roots of licorice plants are aromatic flavoring and sweet in nature. These plants are native to North Africa, Western Asia, and southern Europe. Much of the sweetness in licorice extracts comes from the compound named glycyrrhizin having a sweet taste and is around 30-50 timessweeterthan sugar. Licorice is generally grown in Afghanistan, India, China, Italy, Iran, Pakistan, Azerbaijan, Turkmenistan, Uzbekistan, Turkey, and Iraq. It is widely used in pharmaceutical, cosmetics, food & beverage as well as tobacco industry.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐀 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐓𝐨 𝐆𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬@ https://www.alliedmarketresearch.com/request-sample/7077

Licorice extracts and roots have been used since thousands of years particularly in Asia for treatment of variety of ailments, including but not limited to digestive distress, respiratory conditions, and inflammation. Licorice consists of more than 300 compounds having myriad of properties such as anti-viral, anti-microbial, and anti-inflammatory. Traditionally licorice was widely used as a treatment for heartburn, stomach ulcers, toothache, indigestion, asthma, fever, bronchitis, and coughs. Hepatitis C, cancer memory loss, and skin infections are new areas where this medicine is found to be highly useful.

𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 @ https://www.alliedmarketresearch.com/connect-to-analyst/7077

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐫𝐞𝐯𝐢𝐞𝐰

The global licorice extract market is segmented on the basis of product type, form, application, and region. Based on product type, the global market is segmented into food grade, feed grade, and pharmaceutical grade. By form, the market is segmented into powder, liquid, and block. Based on application, the global market is studied across food & beverages, pharmaceutical, tobacco, and others. The global market is also analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Based on product type, the global licorice extract market is segmented into food grade, feed grade, and pharmaceutical grade. The pharmaceutical grade segment leads in terms of licorice extract market share; however, the feed grade segment is poised to grow with highest CAGR, owing to adoption of licorice extracts in feed to improve immunity and health of live stocks.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

– The licorice extract industry is positively impacted by the pandemic, owing to increased health consciousness amongst consumers.

– The first few months of the COVID-19 pandemic had disrupted the supply chains.

– However, the demand in pharmaceutical have gained high traction in the last year.

– The COVID-19 has altered consumer behavior with more consumer transitioning toward clean label, natural, and organic products;thus, augmenting
the market demand in the food & beverages as well as cosmetics industries.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 @ https://www.alliedmarketresearch.com/purchase-enquiry/7077

Based on form, the global licorice extract market is studied across powder, liquid, and block. The powder segment dominates the global market, and is likely to retain its dominance during the forecast period. Powder form of licorice extracts is widely used in pharmaceutical as well as the food & beverages industry.

Based on application, the global licorice extract market is studied across food & beverages, pharmaceutical, tobacco, and others. The pharmaceutical segment to retain maximum market share, owing to anti-viral, anti-inflammatory, antimicrobial properties of licorice extracts being widely used in pharmaceutical products.

𝐋𝐈𝐌𝐈𝐓𝐄𝐃-𝐓𝐈𝐌𝐄 𝐎𝐅𝐅𝐄𝐑 – 𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/checkout-final/71e278c91582f2ea0c74e75772249e89

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬

1. The report provides an extensive analysis of the current and emerging licorice extract market trends and opportunities.

2. The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing
licorice extract market opportunities in the market.

3. The licorice extract market forecast is offered along with information related to key drivers, restraints, and opportunities.

4. The market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

5. The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

𝐁𝐲 𝐏𝐑𝐎𝐃𝐔𝐂𝐓 𝐓𝐘𝐏𝐄:

Food grade
Feed grade
Pharmaceutical grade

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

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