Global Licorice Extracts Market

Global Licorice Extracts Market Overview

• The Global Licorice Extracts Market Size is anticipated to exceed USD 4.57 Billion by 2033, growing at a CAGR of 4.76% from 2023 to 2033.
• The global market for licorice extracts is influenced by increasing demand in the pharmaceutical, food and beverage, and cosmetics sectors based on its antioxidant, anti-inflammatory,  and flavoring attributes.
• Rising consumer choice for natural products and herbal medication, coupled with enhanced awareness about the health benefits of licorice, drives market growth.
• Growing applications in nutraceuticals also aid demand.

Major vendors in the Global Licorice Extracts Market

MAFCO Worldwide LLC, Naturex SA (Givaudan), Norevo GmbH, Maruzen Pharmaceuticals Co. Ltd, VPL Chemicals, FC Licorice, Zagros Licorice Co., Sepidan Osareh Co., ASEH Licorice MFG & Exp. Co., Aseh Co. and Others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisor has segmented the global licorice extracts market based on the below-mentioned segments:

Global Licorice Extracts Market, By Form

• Paste
• Block
• Powder
• Others

Global Licorice Extracts Market, By Application

• Food and Beverage
• Cosmetics and Personal Care
• Dietary Supplements
• Tobacco Products
• Other

Global Licorice Extracts Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa