Article -> Article Details
| Title | Liquorice Extract Market, Global Outlook and Forecast 2025-2032 |
|---|---|
| Category | Business --> Business and Society |
| Meta Keywords | Liquorice Extract market , Liquorice Extract market size , Liquorice Extract market share , Liquorice Extract manufacturer , Liquorice Extract suppliers , Liquorice Extract distributor |
| Owner | megha |
| Description | |
| The
global Liquorice
Extract Market is experiencing significant expansion, with its
valuation reaching USD 512 million in 2023. Industry analysts
project the market to grow at a CAGR of 6.40%, potentially
reaching USD 894.84 million by 2032. Liquorice extract, derived from Glycyrrhiza glabra roots,
has been a staple in traditional medicine for centuries due to its therapeutic
properties. Today, its applications span diverse sectors, from flavoring
confectionery products to formulating skin-brightening cosmetics. The extract's
natural sweetness and bioactive compounds like glycyrrhizin make it
particularly valuable as industries shift toward plant-based alternatives.
Meanwhile, regulatory support for natural ingredients and growing R&D investments
are creating new opportunities in functional foods and nutraceuticals. Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4 Market Overview & Regional Analysis Asia-Pacific commands the global liquorice extract market
with a dominant position, where China alone accounts for over 35% of
production. This regional stronghold stems from the deep-rooted tradition of
herbal medicine and robust processing infrastructure. India follows closely,
with its expanding Ayurvedic product industry increasingly incorporating
liquorice in formulations. The region benefits from favorable climatic
conditions for glycyrrhiza cultivation and cost-competitive manufacturing. Europe represents the second-largest market, with Germany
and the UK being key consumers. Strict EU regulations promoting natural
ingredients in food and pharmaceuticals have significantly boosted demand.
North America shows accelerated growth, driven by the wellness trend and
popularity of herbal supplements. Meanwhile, Middle Eastern countries like Iran
are emerging as important exporters, capitalizing on their historical expertise
in liquorice processing. Key Market Drivers and Opportunities Several factors are propelling the liquorice extract market
forward. The global nutraceutical industry's expansion - projected to exceed
USD 700 billion by 2030 - is creating substantial demand. Liquorice's natural
sweetening properties make it particularly valuable as sugar reduction becomes
a priority in food formulations. The extract's versatility is evident across
sectors:
Emerging applications in digestive health supplements and
functional beverages offer significant growth potential. The development of
de-glycyrrhizinated liquorice (DGL) has opened new avenues by addressing
previous concerns about glycyrrhizin's side effects. Challenges & Restraints Despite promising growth, the market faces several hurdles.
Price volatility of raw materials remains a persistent challenge, with
liquorice root prices fluctuating up to 20% annually due to climatic
variations. Regulatory constraints are tightening, particularly regarding
glycyrrhizin content in food products. The FDA recommends limiting daily intake
to 100mg, while the EU has set stricter thresholds. Supply chain fragmentation across producing regions creates
quality consistency issues. Furthermore, the emergence of synthetic
alternatives offering similar flavor profiles at lower costs is pressuring
natural liquorice extract prices. The market also contends with limited
consumer awareness in developing regions about liquorice's benefits beyond
traditional medicinal use. Market Segmentation by Type
Market Segmentation by Application
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4 Competitive Landscape The liquorice extract market features a mix of specialized
producers and diversified chemical companies. Notable players include:
Recent developments include Norevo's expansion of its
organic liquorice extraction capacity and Mafco's introduction of a new
low-glycyrrhizin variant for the food industry. Companies are increasingly
focusing on vertical integration, with several Chinese manufacturers acquiring
cultivation lands in Xinjiang province to ensure raw material supply. Report Scope This comprehensive report provides detailed analysis of the
global liquorice extract market from 2023 to 2032, covering:
The research methodology combines primary interviews with
industry experts, analysis of company financials, and evaluation of trade data.
Market sizing employs both top-down and bottom-up approaches to ensure
accuracy. Get Full Report Here: https://www.24chemicalresearch.com/reports/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4 FAQ Section 1. What is the current adoption rate of liquorice extract
in food products? Approximately 18% of new natural food products launched in
2023 included liquorice extract as an ingredient, particularly in herbal teas,
candies, and sugar-free products. 2. Which region offers the most growth potential for
liquorice extract? Southeast Asia shows exceptional promise, with projected
CAGR of 8.2% through 2030, driven by traditional medicine practices and growing
disposable incomes. 3. How are manufacturers addressing glycyrrhizin-related
health concerns? Leading producers are developing advanced extraction
technologies to create DGL (de-glycyrrhizinated liquorice) variants and
implementing precise dosing guidelines. 4. What's driving increased demand in cosmetics? Liquorice's natural skin-brightening properties and
anti-inflammatory effects make it popular in clean beauty products, with 32%
growth in cosmetic applications since 2020. About 24chemicalresearch Founded in 2015, 24chemicalresearch has rapidly established
itself as a leader in chemical market intelligence, serving clients including
over 30 Fortune 500 companies. We provide data-driven insights through rigorous
research methodologies, addressing key industry factors such as government
policy, emerging technologies, and competitive landscapes.
With a dedicated team of researchers possessing over a
decade of experience, we focus on delivering actionable, timely, and
high-quality reports to help clients achieve their strategic goals. Our mission
is to be the most trusted resource for market insights in the chemical and
materials industries. International: +1(332) 2424 294 | Asia: +91 9169162030 Website: https://www.24chemicalresearch.com/ Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch Other Related Posts: | |