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Liquorice Extract Market, Global Outlook and Forecast 2025-2032

The global liquorice extract market was valued at USD 512 million in 2023. With increasing demand for natural and herbal ingredients, the market is projected to expand significantly, reaching USD 894.84 million by 2032. This reflects a Compound Annual Growth Rate (CAGR) of 6.40% over the forecast period.

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Liquorice Extract Market, Global Outlook and Forecast 2025-2032

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  1. www.24chemicalresearch.com Latest Research Report : Liquorice Extract Market Size,Demand & Supply, Regional and Competitive Analysis 2025-2032 Comprehensive insight into regional dynamics, growth drivers, and market segmentation.

  2. MARKET OVERVIEW: The market’s robust growth can be attributed to the rising adoption of liquorice extract in functional foods, over-the-counter (OTC) medicines, and organic cosmetics. Moreover, the heightened awareness regarding the adverse effects of synthetic chemicals has bolstered the shift toward botanical ingredients, further propelling market growth.

  3. CAGR 2024 Click Here for More Detailed Report 2032 MARKET INSIGHT & GROWTH DRIVERS: USD 512 MILLION USD 894 MILLION 6.40% The market growth is driven by increasing gold mining activities, particularly in Asia-Pacific and Africa, where cyanide leaching remains the dominant extraction method. However, environmental concerns and stringent regulations pose challenges to market expansion.

  4. 02 MARKET SEGMENTATION: 01 03 BY APPLICATION BY TYPE BY END-USER Food Industry Cosmetic Industry Food Grade Feed Grade

  5. MARKET DYNAMICS Growing Demand for Natural Sweeteners and Herbal Remedies Accelerates Market Expansion The global shift toward natural ingredients in food and healthcare products is significantly boosting liquorice extract demand. With consumers increasingly avoiding artificial additives, liquorice's natural sweetness position it as an ideal sugar substitute. The extract is gaining traction in confectionery, where it delivers sweetness while offering functional health benefits. Nearly 42% of new candy products launched in 2023 featured natural sweeteners like liquorice as a key ingredient, reflecting this growing preference.

  6. MARKET OPPORTUNITIES The cosmetics industry presents substantial growth potential, with liquorice extract emerging as a key ingredient in premium skincare. Its skin-brightening properties show comparable efficacy to synthetic alternatives but with significantly better consumer perception. Nearly 63% of consumers now prefer products with plant-derived brightening agents over hydroquinone-based formulas. This shift has spurred development of liquorice-infused serums, creams, and masks targeting hyperpigmentation concerns. COMPANY MISSION Modern medicine is rediscovering liquorice's therapeutic potential, particularly for digestive and respiratory conditions. Recent clinical studies have validated glycyrrhizin's antiviral properties, with research indicating effectiveness against certain strains of respiratory viruses. Pharmaceutical manufacturers are increasingly incorporating standardized liquorice extracts into cough syrups, throat lozenges, and ulcer treatments.

  7. REGIONAL MARKET OUTLOOK North America The North American market is witnessing significant growth, particularly in the United States, driven by the expanding health and wellness industry. The rise of organic personal care products and natural remedies has further fueled demand. Europe Europe is the second-largest market. Germany, the UK, and France lead in demand due to strong preferences for natural and organic products. The use of liquorice in traditional European confectionery also boosts its consumption.

  8. DOWNLOAD FREE SAMPLE PDF BROCHURE COMPETITIVE LANDSCAPE • Norevo GmbH (Germany) • F&C Licorice Ltd. (UK) • Mafco Worldwide (USA) • ASEH (Iran) • Zagros Licorice Co. (Iran) • VPL Chemicals (India) These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.

  9. www.24chemicalresearch.com About Us Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently. As a one-stop platform for the chemical sector, we offer: • Deep specialization in chemical market analysis • Customized reports tailored to your needs • A robust portal with free samples, consulting, and competitive insights

  10. www.24chemicalresearch.com Contact Us: help@24chemicalresearch.com USA & International: +1 332 2424 294 Asia (India): +91 9169162030 Follow Us:

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