Global Licorice Root Market Report 2024

Licorice Root Global Market Report 2024 – By Product Type (Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour), By Product Form ( Roots, Extracts), By Grade Type (Essential Standard Malt, Caramelized Malt, Roasted Malt), By Function Type (Performance Enhancers, Palatability Enhancers), By End User (Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements) – Market Size, Trends, And Global Forecast 2024-2033

Licorice Root Global Market Report 2024

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Licorice Root Market Definition

Licorice root is the root of the Glycyrrhiza glabra plant, which is native to Europe and Asia. It contains a compound called glycyrrhizin, which is responsible for its sweet flavor and many of its medicinal properties. Licorice root is often used to treat digestive issues such as indigestion, heartburn, and gastritis. It can help soothe the lining of the stomach and intestines.

The main product types of licorice root are essential oils, liquid malt extract, oleoresins, herbs and spices dry malt extract, and malt flour. Roots refer to the underground parts of plants, the origins or sources of things, anatomical structures, linguistic elements, mathematical concepts, and musical foundations. The product forms includes roots, and extracts with different grade types such as essential standard malt, caramelized malt, and roasted malt. The various function types include performance enhancers and palatability enhancers. These are used by various end users such as the food and beverage industry, tobacco industry, pharmaceutical industry, cosmetic industry, dietary supplements.

Licorice Root Market Segmentation

The licorice root market covered in this report is segmented –

1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour

2) By Product Form: Roots, Extracts

3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt

4) By Function Type: Performance Enhancers, Palatability Enhancers

5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements

Global Licorice Root Market Size 2023 to 2028: Graph

Licorice Root Market Size 2024 And Growth Rate

The licorice root market size has grown strongly in recent years. It will grow from $2.83 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in the preference for healthy tea among consumers, increase in the use of licorice root in the food and beverage sector, Increased use in traditional medicine systems, popular ingredient in the confectionery industry, demand in pharmaceutical formulations.

Licorice Root Market Growth Forecast

The licorice root market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing use of licorice root as a natural sweetener in food and beverages, rising health and wellness trends, growing nutraceutical industry, increased use in skincare and cosmetics, and rising focus on sustainability and ethical sourcing practices. Major trends in the forecast period include advancements in extraction technologies, introducing innovative flavor variations of root beer, innovations in herbal supplements, research and development increases the adoption of licorice root, and innovation in product formulations.

Licorice Root Market Driver: Rising Demand For Natural And Organic Products Driving Growth In The Licorice Root Market

The rising demand for natural and herbal remedies is expected to propel the growth of the licorice root market going forward. Natural and herbal remedies refer to treatments and health practices that use plant-based substances, natural compounds, and traditional healing methods to promote health and treat various ailments. The use of natural and herbal remedies involves employing plant-based substances and natural compounds to promote health, treat diseases, and maintain overall well-being. Licorice root enhances organic products by offering natural sweetness, medicinal benefits, and skincare advantages and aligning with sustainable and ethical farming practices. For instance, in August 2021, according to a report published by The Journal of the American Botanical Council, a US-based organization responsible for information on medicinal plants and herbs, In the United States, yearly retail sales of herbal dietary supplements surpassed $10 billion in 2020, with sales of $11.26 billion in 2020, up 17.3% from 2019. Therefore, the rising demand for natural and herbal remedies drives the licorice root market.

Global Licorice Root Market Major Players

Major companies operating in the licorice root market are S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co Ltd., American Licorice Company, Beloorbayir Biotech Ltd., Geo Fresh Organic Privated Limited, Nanjing Zelang Medical Technology Co. Ltd., jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd., Athos Lifesciences Pvt. Ltd., Bio-Gate AG, PharmaCompass, Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd

Global Licorice Root Market Trend: Innovative Licorice Root Products With Companies Develop Authentic Offerings To Differentiate And Meet Modern Wellness Trends

Major companies operating in the licorice root market are focused on obtaining authentic licorice root products to enhance product differentiation in a competitive market and provide unique flavors and health benefits that align with modern wellness trends. Authentic licorice root products faithfully use real licorice root or its pure extracts, uphold traditional and natural preparation methods, and maintain high-quality standards, transparency, and health benefits. For instance, in July 2022, Lakrids by Bülow, a Denmark-based company that manufactures licorice root, launched LAEMON- Mellow Yellow. These are made with high-quality, natural ingredients that include licorice root. The LAEMON product combines salty licorice with the fresh flavor of lemon. The licorice core is swirled in white chocolate, cream, and vanilla to balance sweetness, sourness, and saltiness.

Licorice Root Market Merger And Acquisition: Theo Chocolate Merges With American Licorice Company To Overcome Challenges And Enhance Organic Offerings

In June 2023, Theo Chocolate, a US-based Seattle-based chocolate company, announced a merger with American Licorice Company. The merger with American Licorice Company provides Theo Chocolate with a strategic partner to navigate rising costs and operational challenges while allowing the brand to continue its mission of delivering high-quality organic chocolate. American Licorice Company is a US-based company that manufactures licorice root products.

Regional Insights For The Global Licorice Root Market

North America was the largest region in the licorice root market in 2023. The regions covered in the licorice root market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the licorice root market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The licorice root market consists of the sales of glycyrrhiza glabra, glycyrrhiza uralensis, and glycyrrhiza inflata. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The licorice root market research report is one of a series of new reports from The Business Research Company that provides licorice root market statistics, including licorice root industry global market size, regional shares, competitors with a licorice root market share, detailed licorice root market segments, market trends, and opportunities, and any further data you may need to thrive in the licorice root industry. This licorice market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Licorice Root Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $3.04 billion
Revenue Forecast In 2033 $4.09 billion
Growth Rate CAGR of 7.6% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour
2) By Product Form: Roots, Extracts
3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt
4) By Function Type: Performance Enhancers, Palatability Enhancers
5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co Ltd., American Licorice Company, Beloorbayir Biotech Ltd., Geo Fresh Organic Privated Limited, Nanjing Zelang Medical Technology Co. Ltd., jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd., Athos Lifesciences Pvt. Ltd., Bio-Gate AG, PharmaCompass, Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Licorice Root Market Characteristics

    3. Licorice Root Market Trends And Strategies

    4. Licorice Root Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Licorice Root Market Size and Growth

    5.1. Global Licorice Root Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Licorice Root Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Licorice Root Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Licorice Root Market Segmentation

    6.1. Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Essential Oils

    Liquid Malt Extract

    Oleoresins

    Herbs And Spices Dry Malt Extract

    Malt Flour

    6.2. Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Roots

    Extracts

    6.3. Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Essential Standard Malt

    Caramelized Malt

    Roasted Malt

    6.4. Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Performance Enhancers

    Palatability Enhancers

    6.5. Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Food And Beverage Industry

    Tobacco Industry

    Pharmaceutical Industry

    Cosmetic Industry

    Dietary Supplements

    7. Licorice Root Market Regional And Country Analysis

    7.1. Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Licorice Root Market

    8.1. Asia-Pacific Licorice Root Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Licorice Root Market

    9.1. China Licorice Root Market Overview

    9.2. China Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Licorice Root Market

    10.1. India Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Licorice Root Market

    11.1. Japan Licorice Root Market Overview

    11.2. Japan Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Licorice Root Market

    12.1. Australia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Licorice Root Market

    13.1. Indonesia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Licorice Root Market

    14.1. South Korea Licorice Root Market Overview

    14.2. South Korea Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Licorice Root Market

    15.1. Western Europe Licorice Root Market Overview

    15.2. Western Europe Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Licorice Root Market

    16.1. UK Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Licorice Root Market

    17.1. Germany Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Licorice Root Market

    18.1. France Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Licorice Root Market

    19.1. Italy Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Licorice Root Market

    20.1. Spain Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Licorice Root Market

    21.1. Eastern Europe Licorice Root Market Overview

    21.2. Eastern Europe Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Licorice Root Market

    22.1. Russia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Licorice Root Market

    23.1. North America Licorice Root Market Overview

    23.2. North America Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Licorice Root Market

    24.1. USA Licorice Root Market Overview

    24.2. USA Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Licorice Root Market

    25.1. Canada Licorice Root Market Overview

    25.2. Canada Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Licorice Root Market

    26.1. South America Licorice Root Market Overview

    26.2. South America Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Licorice Root Market

    27.1. Brazil Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Licorice Root Market

    28.1. Middle East Licorice Root Market Overview

    28.2. Middle East Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Licorice Root Market

    29.1. Africa Licorice Root Market Overview

    29.2. Africa Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Licorice Root Market Competitive Landscape And Company Profiles

    30.1. Licorice Root Market Competitive Landscape

    30.2. Licorice Root Market Company Profiles

    30.2.1. S.r Organic

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Sarv Biolabs Pvt Ltd

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Finzelberg GmbH & Co. KG

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Maruzen Pharmaceuticals Co Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. American Licorice Company

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Licorice Root Market Other Major And Innovative Companies

    31.1. Beloorbayir Biotech Ltd.

    31.2. Geo Fresh Organic Privated Limited

    31.3. Nanjing Zelang Medical Technology Co. Ltd.

    31.4. jiangsu Tiansheng Pharmaceutical Co. Ltd.

    31.5. Mafco Worldwide LLC

    31.6. Norevo GmbH

    31.7. VPL Chemicals Pvt Ltd.

    31.8. Athos Lifesciences Pvt. Ltd.

    31.9. Bio-Gate AG

    31.10. PharmaCompass

    31.11. Ransom Naturals Ltd.

    31.12. ASEH Licorice MFG & Exp. Co

    31.13. Rainbow Expochem Company

    31.14. Windson Organic Pvt Ltd

    31.15. F&C Licorice Ltd.

    32. Global Licorice Root Market Competitive Benchmarking

    33. Global Licorice Root Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Licorice Root Market

    35. Licorice Root Market Future Outlook and Potential Analysis

    35.1 Licorice Root Market In 2028 - Countries Offering Most New Opportunities

    35.2 Licorice Root Market In 2028 - Segments Offering Most New Opportunities

    35.3 Licorice Root Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: S.r Organic Financial Performance
  • Table 77: Sarv Biolabs Pvt Ltd Financial Performance
  • Table 78: Finzelberg GmbH & Co. KG Financial Performance
  • Table 79: Maruzen Pharmaceuticals Co Ltd. Financial Performance
  • Table 80: American Licorice Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: S.r Organic Financial Performance
  • Figure 77: Sarv Biolabs Pvt Ltd Financial Performance
  • Figure 78: Finzelberg GmbH & Co. KG Financial Performance
  • Figure 79: Maruzen Pharmaceuticals Co Ltd. Financial Performance
  • Figure 80: American Licorice Company Financial Performance
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Frequently Asked Questions

What is the definition of the licorice root market?

Licorice root is the root of the Glycyrrhiza glabra plant, which is native to Europe and Asia. It contains a compound called glycyrrhizin, which is responsible for its sweet flavor and many of its medicinal properties. Licorice root is often used to treat digestive issues such as indigestion, heartburn, and gastritis. It can help soothe the lining of the stomach and intestines. For further insights on the licorice root market, request a sample here

How will the licorice root market drivers and restraints affect the licorice root market dynamics? What forces will shape the licorice root industry going forward?

The licorice root market major growth driver - Rising Demand For Natural And Organic Products Driving Growth In The Licorice Root Market. For further insights on the licorice root market, request a sample here

What is the forecast market size or the forecast market value of the licorice root market?

The licorice root market size has grown strongly in recent years. It will grow from $2.83 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in the preference for healthy tea among consumers, increase in the use of licorice root in the food and beverage sector, Increased use in traditional medicine systems, popular ingredient in the confectionery industry, demand in pharmaceutical formulations. The licorice root market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing use of licorice root as a natural sweetener in food and beverages, rising health and wellness trends, growing nutraceutical industry, increased use in skincare and cosmetics, and rising focus on sustainability and ethical sourcing practices. Major trends in the forecast period include advancements in extraction technologies, introducing innovative flavor variations of root beer, innovations in herbal supplements, research and development increases the adoption of licorice root, and innovation in product formulations. For further insights on the licorice root market, request a sample here

How is the licorice root market segmented?

The licorice root market is segmented
1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour
2) By Product Form: Roots, Extracts
3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt
4) By Function Type: Performance Enhancers, Palatability Enhancers
5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary SupplementsFor further insights on the licorice root market,
request a sample here

Which region has the largest share of the licorice root market? What are the other regions covered in the report?

North America was the largest region in the licorice root market in 2023. The regions covered in the licorice root market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the licorice root market, request a sample here.

Who are the major players in the licorice root market?

Major companies operating in the licorice root market are S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co Ltd., American Licorice Company, Beloorbayir Biotech Ltd., Geo Fresh Organic Privated Limited, Nanjing Zelang Medical Technology Co. Ltd., jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd., Athos Lifesciences Pvt. Ltd., Bio-Gate AG, PharmaCompass, Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd For further insights on the licorice root market, request a sample here.

What are the key trends in the licorice root market?

Major trend in the licorice root market - Innovative Licorice Root Products With Companies Develop Authentic Offerings To Differentiate And Meet Modern Wellness Trends. For further insights on the licorice root market, request a sample here.

What are the major opportunities in the licorice root market? What are the strategies for the licorice root market?

For detailed insights on the major opportunities and strategies in the licorice root market, request a sample here.

How does the licorice root market relate to the overall economy and other similar markets?

For detailed insights on licorice root market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the licorice root industry?

For detailed insights on the mergers and acquisitions in the licorice root industry, request a sample here.

What are the key dynamics influencing the licorice root market growth? SWOT analysis of the licorice root market.

For detailed insights on the key dynamics influencing the licorice root market growth and SWOT analysis of the licorice root industry, request a sample here.