According to a recent comprehensive by MarkNtel Advisors  Licorice Extract Market research report, the    Licorice Extract market is set for significant growth, driven by factors such as market size, share, and evolving trends.

This detailed report offers crucial insights into the market, covering key aspects such as market segmentation and definitions. It outlines the main drivers of growth and provides a clear forecast of the industry’s future direction. Additionally, the study provides a thorough overview of the competitive landscape, detailing recent developments and regional distribution across major areas. An expert competitor analysis delivers an in-depth understanding of market dynamics, offering strategic recommendations for businesses and investors.

With its robust analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address potential challenges in the Licorice Extract market.

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Licorice Extract Market (2023-2028): Analysis and Growth

The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28.

What are the key drivers fueling growth in the Licorice Extract market from 2023-2028?

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.

Licorice Extract Market : Segmentation Analysis 

-By Product Type

-Food Grade- Market Size & Forecast 2018-2028, USD Million

-Feed Grade- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million

-By Form

-Powder- Market Size & Forecast 2018-2028, USD Million

-Liquid- Market Size & Forecast 2018-2028, USD Million

-Block- Market Size & Forecast 2018-2028, USD Million

-By End Users

-Food & Beverages- Market Size & Forecast 2018-2028, USD Million

-Pharmaceutical- Market Size & Forecast 2018-2028, USD Million

-Tobacco- Market Size & Forecast 2018-2028, USD Million

-Others- Market Size & Forecast 2018-2028, USD Million

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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What role do key competitors play in shaping the market, and how are they adapting to emerging trends and challenges?

Alfarid Corporation Limited, AOS Products Pvt. Ltd., Avestia Pharma, C.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

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Key Questions Answered in the Research Report:

1.    What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?

2.    What are the trends influencing the current scenario of the market?

3.    What key factors would propel and impede the industry across the country?

4.    How has the industry been evolving in terms of geography & solution adoption?

5.    How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2023-2028?

6.    Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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