Market Overview:

This report presents an extensive evaluation of the Licorice Extract Market, focusing on historical data from 2018 to 2021 while offering detailed forecasts for the period between 2023 to 2028. The analysis encompasses various aspects, including market Size, Share, Growth, Analysis, Trends and competitive insights.

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Table of Contents (Licorice Extract Market)

1. Executive Summary
2. Market Definition & Research Methodology
3. Market Dynamics: Drivers, Challenge, Trend and Opportunities
4. Segment Analysis and Geographical Breakdown
5. Competitive Landscape & Strategic Initiatives
6. Regulatory Environment & Policy Factors
7. Growth Forecast Model (2023–2028)
8. Appendix: Company Profiles, Data Sources, Methodology

What’s covered in the report?

Market Key Driver:

Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market – Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.

Moreover, in line with its benefits, many cosmetic companies are conducting new research on analyzing the characteristics of this natural extract to manufacture clean-label products. Hence, with the growing R&D and innovation across the cosmetic sector, the Licorice Extract Market is presumed to escalate in the future years.

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Leading players of Licorice Extract Market including:

• Alfarid Corporation Limited
• AOS Products Pvt. Ltd.
• Avestia Pharma
• E. Roeper GmbH
• F&C Licorice Ltd.
• Herbochem
• Hyundai Bioland
• Mafco Worldwide LLC
• Maruzen Pharmaceuticals Co. Ltd.
• Norevo GmbH
• Shaanxi FUJIE Pharmaceutical Co. Ltd.
• VPL Chemicals Pvt Ltd.
• Beijing Gingko Group
• Glycyrrhiza Glabra Co. Ltd.
• Ransom Naturals Ltd.
• Others

Licorice Extract Market Segmentation:

By Product Type

• Food Grade
• Feed Grade
• Pharmaceutical Grade

Pharmaceutical Grade is anticipated to account for the majority of the share of the Global Licorice Extract Market during the forecast period.

By Form

• Powder
• Liquid
• Block

By End Users

• Food & Beverages
• Pharmaceutical
• Tobacco
• Others

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Asia-Pacific is projected to witness a rapid upgrade in the market & is poised to contribute to the substantial market share of the global industry.

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Key Highlights of MarkNtel Advisors' Research Methodology

• MarkNtel Advisors uses a robust methodology for accurate market analysis.
• Research objectives are clearly defined with tailored methodologies for clients.
• A representative sample is selected to ensure reliable data collection.
• Data analysis includes cleaning, statistical evaluations, and validation checks.
• Predictive modeling forecasts trends, and reports include strategic recommendations.

About MarkNtel Advisors:

We are a leading market research firm providing research, consulting, and data-driven intelligence to clients across diverse industries globally. Our reports are tailored to help businesses identify lucrative opportunities and mitigate potential risks using actionable insights.

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