This Licorice Extracts market research report study gives different viewpoints about the industry. The report explains Licorice Extracts market estimates, examination, and discuss colossal industry designs, market volume, and profiles of the chief business players. Not only this, the report highlights their contribution in the Licorice Extracts market. The report offers preventive and planned administration alongside underscores the outline of the worldwide Licorice Extracts market alongside characterizations and market chain structures. It can be concluded that this Licorice Extracts market report provides a 360-degree view of the Licorice Extracts market.
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The Licorice Extracts market’s seven-year period can evaluate the way market is forecasted to evolve. Major moves are being made regarding product launches, joint ventures, developments, mergers and acquisition by key components of the PQR Market which has consequently affected the sales, import, export, revenue and CAGR values of the PQR Market and Industry.
Market Drivers: Global Licorice Extracts Market
- Increase demand for the product amid changes in lifestyle of consumers for the consumption of natural, herbal products
- Usage of licorice as an alternative to sugar amid rising levels of obesity globally; this factor is expected to drive the growth of the market
Market Restraints: Global Licorice Extracts Market
- Concerns regarding shortage of licorice roots/plants is expected to restrain the growth of the market
- Side effects associated with the product such as allergies, vision errors are factors restraining the growth of the market
Key Developments in the Market:
- In October 2017, International Scientific and Practical Conference, “Issues of the modern pharmaceutical industry: licorice root (recycling technology) and innovative preparations based on it” was held in Tashkent, Uzbekistan from October 25-26, 2017. This conference was held for the discussion between experts in the field of licorice root recycling as most of the demand for licorice root is expected to be transformed and exceed the supply globally, due to its benefits and increased application in food, pharmaceutical, cosmetics and personal care products.
- In March 2017, Sanat Products Limited announced that they had acquired Hindustan Herbals Limited, complementing their strategy to expand their leadership and product portfolio of licorice along with the derivates. This will also help them provide expanded levels of ayurvedic and other products to the food, beverages and pharmaceutical industries to around 40 countries where they have established customers.
Competitive Analysis: Global Licorice Extracts Market
Global licorice extracts market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of licorice extracts market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Analysis: Global Licorice Extracts Market
Global Licorice Extracts Market is expected to rise to an estimated value of USD 2.77 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026.
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Key Market Competitors: Global Licorice Extracts Market
FC Licorice; Iranlicorice.com; NOREVO; Zagros Licorice co.; MAFCO Worldwide LLC; VPL Chemicals; RANSOM NATURALS LTD; Aushadhi Herbal; Aseh Co.; ZELANG; Sanat Products Limited; Maruzen Pharmaceutical Co., Ltd.; Alfarid Corporation Limited; SK BIOLAND; Nutra Green Biotechnology Co.,Ltd.; Avestia Pharma; Magnasweet and Mitsubishi Corporation Life Sciences Limited.
Table of Content: Global Licorice Extracts Market Research Report 2019-2026
Chapter 1: Global Licorice Extracts Market Overview
Chapter 2: Global Licorice Extracts Market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2019-2025)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2019-2026)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Segmentation: Global Licorice Extracts Market
Global Licorice Extracts Market By Grade (Food Grade, Pharmaceutical Grade, Feed Grade), Product (Glycyrrhizin, Glycyrrhizinate, Flavonoids), Form (Block, Liquid, Powder, Semi-Fluid/Paste), Application (Pharmaceutical, Food & Beverages, Cosmetics, Feed, Tobacco, Others), Distribution Channel (Distributor, Direct), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
- Market drivers and restrains
- Key trends of the market
- Challenges of market growth
- Major players in the market
- CAGR values for the forecast period and historic years
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Key Questions Answered in Global Licorice Extracts Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Licorice Extracts in 2026?
- What are the key factors driving, Analysis by Applications and Countries Global Licorice Extracts?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Licorice Extracts?
- Who are Opportunities, Risk and Driving Force of Global Licorice Extracts?
- Who are the opportunities and threats faced by the vendors in Global Licorice Extracts? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Licorice Extracts opportunities, market risk and market overview of the Market?