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. Licorice extracts are derived from the roots of licorice plant, which are generally wildly cultivated. They are required to be atleast 3-4 years old before they can be cultivated or extracted. These products are derived in the form of powder, pastes, liquids and other forms by boiling the roots and evaporating all of the water content. These extracts are commonly used in cosmetics, pharmaceutical products, food and beverages. Few of the major competitors currently working in the licorice extracts market are FC Licorice; Iranlicorice.com; NOREVO; Zagros Licorice co.; MAFCO Worldwide LLC; VPL Chemicals; RANSOM NATURALS LTD
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
The Licorice Extracts report gives market segmentation by technology, applications and five major geographical regions. This report also covers all the regions and countries of the world, which shows a regional development status, including market size. The data mentioned in the Licorice Extracts report helps the consumer to know about the competitors better. The qualitative research conducted in this report provides outlook covering primary Data, Survey, scope of the product and vendor briefing. The market dynamic forces have been determined after conducting a detailed study of Licorice Extracts market.
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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. Some of the major players operating Global Licorice Extracts Market are 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.
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
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
- 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
Research Methodology: Global Licorice Extracts Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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