Global Licorice Extract Market Research Report: Forecast (2023-2028)

1. Global Licorice Extract Market Research Report: Forecast (2023-2028) UPDATED SAMPLE 2024-30 MARKNTEL ADVISORS

2. Company Overviews MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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4. Market Insights 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. The market is poised to grow owing to the rising health concerns & prevalence of diseases like diabetes, celiac disease, and several other chronic ailments among the population across the globe. Due to its medicinal properties, it is widely utilized in the pharmaceutical or medical sector. Licorice has more than 300 compounds, having numerous properties, such as anti-inflammatory, anti-microbial, anti-viral, etc. It is majorly used for treating stomach ulcers, toothaches, indigestion, asthma, bronchitis, heartburn, and cough. Along with this, it is observed that licorice is getting widely used in producing new medicines for hepatitis C, cancer, skin infections, and memory loss.

5. Market Drivers Global Licorice Extract Market Trend: Global Licorice Extract Market Trend: Soaring Demand for Clean Soaring Demand for Clean- -Label & Organic Products to be a Key Label & Organic Products to be a Key Trend in the Licorice Extract Market Trend in the Licorice Extract Market – – The lifestyle of the population is evolving constantly across the world, leading to the surge in the adoption of healthy food & beverages, like clean-label products or natural products are anticipated to be one of the emerging trends in the Licorice Extract Market. Nowadays, most consumers are purchasing appropriate or complimentary products to enhance their way of living or lifestyle, which is also contributing to elevating the demand for licorice extracts. Furthermore, various companies are bending towards natural or organic ingredients to foster innovation in products, such as foods, beverages, pharmaceuticals, cosmetics, etc., due to the detrimental effects of synthetic extracts. Consequently, it could be

6. Market Segments By Product Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Form (Powder, Liquid, Block), By End Users (Food & Beverages , Pharmaceuticals, Tobacco, Others), By Region (North America, South America, Europe, The Middle East & Africa, Asia Pacific),

7. Top Companies 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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10. MarkNtel Advisors Target Geographies-Focus Areas MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: -Political, Economic, Social, Technological and Environmental Analysis -Credit Ratings provided by leading institutions -GDP projections by bodies such as the World Bank, IMF, OECD, etc. -Market Disruptions and the “Next Big Things”

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