+91 8766 590 1366 sales@chemreports.com

Your Order

Home Reports

Licorice Extracts global market

Licorice Extracts global market

Global Licorice Extracts Market Research Report 2025

This report on the global licorice extracts market research report 2025 offers a comprehensive analysis of market size, growth drivers, emerging trends, regional per

Pages: 210

Format: PDF

Date: 12-2025

Select Licence

Description Table of Content Key Players & Segment Request for Free Sample

Global Licorice Extracts Market Outlook (2025–2035)

Chem Reports predicts that the Licorice Extracts Market, valued at USD xxxx million in 2024, is expected to reach USD xxxx million by 2035, growing at a CAGR of xx% globally.

Market Overview

The Global Licorice Extracts Market Report 2020 provides an extensive industry analysis of development drivers, structural patterns, market flows, and size evolution. Historical and present market values have been assessed to forecast growth trajectories for the period 2025–2035.

This research integrates primary and secondary data sources, evaluating:

  • Government policies and regulatory frameworks
  • Market environment and competitive dynamics
  • Historical performance and current trends
  • Technological innovation and upcoming advancements
  • Cross-industry technical progress

Impact of COVID-19

The outbreak of COVID-19 in December 2019 disrupted global supply chains and impacted demand across pharmaceuticals, food & beverages, and tobacco industries. Declared a public health emergency by the World Health Organization, the pandemic significantly affected the Licorice Extracts market in 2020, with ripple effects across production, distribution, and consumer demand.

Market Segmentation

By Type

  • Powder
  • Semi-Fluid/Paste
  • Block

By Application

  • Pharmaceutical
  • Tobacco
  • Food & Beverage
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico – Strong demand in pharmaceuticals and food & beverage industries.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – Adoption supported by traditional herbal medicine and confectionery applications.
  • Asia-Pacific: China, India, Japan, Southeast Asia – Fastest-growing region, driven by traditional medicine, food innovation, and tobacco industry demand.
  • South America: Brazil, Argentina – Moderate growth, supported by food & beverage expansion.
  • Middle East & Africa: Saudi Arabia, South Africa – Emerging demand, particularly in herbal medicine and specialty food products.

Key Market Players

Strategic Insights

  • Growth Drivers: Rising demand in pharmaceuticals, expansion in food & beverage applications, and innovation in herbal extracts.
  • Challenges: Regulatory scrutiny on herbal products, supply chain volatility, and competition from synthetic substitutes.
  • Opportunities: Expansion in Asia-Pacific and Middle East, innovation in eco-friendly extraction processes, and premium positioning in nutraceuticals and functional foods.

Regional Analysis

  • North America: Strong demand in pharmaceuticals and food & beverage industries. The U.S. leads adoption due to nutraceutical innovation and herbal medicine integration.
  • Europe: Germany, U.K., France, and Italy emphasize traditional herbal medicine and confectionery applications. Russia and Spain contribute through tobacco and food industries.
  • Asia-Pacific: Fastest-growing region, led by China, India, and Japan. Rising demand in traditional medicine, food innovation, and tobacco sectors. Southeast Asia is emerging as a hub for cost-effective extraction and processing.
  • South America: Brazil and Argentina show moderate growth, supported by food & beverage expansion and herbal supplement adoption.
  • Middle East & Africa: Emerging demand, particularly in Saudi Arabia and South Africa, driven by herbal medicine and specialty food products.

Detailed Segmentation Analysis

  • By Type:
    • Powder: Widely used in pharmaceuticals and food applications.
    • Semi-Fluid/Paste: Preferred in tobacco and confectionery industries.
    • Block: Applied in traditional medicine and specialty uses.
  • By Application:
  • Pharmaceutical: Largest consumer segment, driven by demand for herbal remedies and nutraceuticals.
  • Tobacco: Significant adoption in flavoring and product enhancement.
  • Food & Beverage: Rising demand in confectionery, beverages, and functional foods.
  • Others: Specialty uses in cosmetics and herbal supplements.

Porter’s Five Forces

  • Threat of New Entrants: Moderate; barriers include extraction expertise and regulatory compliance.
  • Supplier Power: Moderate; raw material suppliers hold leverage but global competition balances pricing.
  • Buyer Power: High; industries demand cost-effective, high-quality extracts.
  • Threat of Substitutes: High; alternatives include synthetic flavorings and other herbal extracts.
  • Industry Rivalry: High; competition among established players (Norevo, Mafco, F&C Licorice, Zagros, Sepidan) and regional firms.

SWOT Analysis

Strengths: Versatile applications across pharmaceuticals, food, and tobacco; strong adoption in herbal medicine.
Weaknesses: Regulatory scrutiny on herbal products; supply chain dependence on licorice root cultivation.
Opportunities: Expansion in Asia-Pacific and Middle East; innovation in eco-friendly extraction processes; premium positioning in nutraceuticals and functional foods.
Threats: Competition from synthetic substitutes; regulatory tightening; environmental concerns in cultivation.

Trend Analysis

  • Rising demand for natural and herbal ingredients in pharmaceuticals and nutraceuticals.
  • Growth in functional foods and beverages.
  • Increasing adoption in tobacco flavoring and confectionery.
  • Expansion into emerging markets with rising consumer awareness of herbal remedies.

Drivers & Challenges

Drivers:

  • Global demand for herbal medicine and nutraceuticals.
  • Rising applications in food & beverage and tobacco industries.
  • Technological innovation in extraction processes.

Challenges:

  • Regulatory restrictions on herbal products.
  • Supply chain volatility in licorice root cultivation.
  • Competition from synthetic flavorings and substitutes.

Value Chain Analysis

  • Raw Materials: Licorice root cultivation and harvesting.
  • Manufacturing: Companies producing powder, paste, and block extracts.
  • Distribution: Pharmaceuticals, food & beverage, tobacco, and specialty industries.
  • End Users: Pharmaceutical firms, food manufacturers, tobacco companies, and nutraceutical producers.

Quick Recommendations for Stakeholders

  • Manufacturers: Invest in R&D for eco-friendly extraction processes; expand into Asia-Pacific and Middle East.
  • Investors: Focus on companies with diversified herbal extract portfolios and strong sustainability initiatives.
  • Pharmaceutical & Food Firms: Adopt licorice extracts for natural product positioning and functional food innovation.
  • Policy Makers: Support herbal medicine initiatives through incentives and regulatory clarity.

 

Explore more reports here-

https://chemreports.com/reports

 

1. Market Overview of Licorice Extracts
    1.1 Licorice Extracts Market Overview
        1.1.1 Licorice Extracts Product Scope
        1.1.2 Market Status and Outlook
    1.2 Licorice Extracts Market Size by Regions:
    1.3 Licorice Extracts Historic Market Size by Regions
    1.4 Licorice Extracts Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Licorice Extracts Sales Market by Type
    2.1 Global Licorice Extracts Historic Market Size by Type
    2.2 Global Licorice Extracts Forecasted Market Size by Type
    2.3 Powder
    2.4 Semi-Fluid/Paste
    2.5 Block
3. Covid-19 Impact Licorice Extracts Sales Market by Application
    3.1 Global Licorice Extracts Historic Market Size by Application
    3.2 Global Licorice Extracts Forecasted Market Size by Application
    3.3 Pharmaceutical
    3.4 Tobacco
    3.5 Food and Beverage
    3.6 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Licorice Extracts Production Capacity Market Share by Manufacturers
    4.2 Global Licorice Extracts Revenue Market Share by Manufacturers
    4.3 Global Licorice Extracts Average Price by Manufacturers
5. Company Profiles and Key Figures in Licorice Extracts Business
    5.1 Norevo
        5.1.1 Norevo Company Profile
        5.1.2 Norevo Licorice Extracts Product Specification
        5.1.3 Norevo Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.2 Mafco
        5.2.1 Mafco Company Profile
        5.2.2 Mafco Licorice Extracts Product Specification
        5.2.3 Mafco Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.3 F&C Licorice
        5.3.1 F&C Licorice Company Profile
        5.3.2 F&C Licorice Licorice Extracts Product Specification
        5.3.3 F&C Licorice Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.4 Zagros
        5.4.1 Zagros Company Profile
        5.4.2 Zagros Licorice Extracts Product Specification
        5.4.3 Zagros Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.5 Sepidan
        5.5.1 Sepidan Company Profile
        5.5.2 Sepidan Licorice Extracts Product Specification
        5.5.3 Sepidan Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.6 VPL Chemicals
        5.6.1 VPL Chemicals Company Profile
        5.6.2 VPL Chemicals Licorice Extracts Product Specification
        5.6.3 VPL Chemicals Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.7 ASEH
        5.7.1 ASEH Company Profile
        5.7.2 ASEH Licorice Extracts Product Specification
        5.7.3 ASEH Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.8 Zelang
        5.8.1 Zelang Company Profile
        5.8.2 Zelang Licorice Extracts Product Specification
        5.8.3 Zelang Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.9 Maruzen
        5.9.1 Maruzen Company Profile
        5.9.2 Maruzen Licorice Extracts Product Specification
        5.9.3 Maruzen Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
    5.10 Ransom
        5.10.1 Ransom Company Profile
        5.10.2 Ransom Licorice Extracts Product Specification
        5.10.3 Ransom Licorice Extracts Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Licorice Extracts Market Size
    6.2 North America Licorice Extracts Key Players in North America
    6.3 North America Licorice Extracts Market Size by Type
    6.4 North America Licorice Extracts Market Size by Application
7. East Asia
    7.1 East Asia Licorice Extracts Market Size
    7.2 East Asia Licorice Extracts Key Players in North America
    7.3 East Asia Licorice Extracts Market Size by Type
    7.4 East Asia Licorice Extracts Market Size by Application
8. Europe
    8.1 Europe Licorice Extracts Market Size
    8.2 Europe Licorice Extracts Key Players in North America
    8.3 Europe Licorice Extracts Market Size by Type
    8.4 Europe Licorice Extracts Market Size by Application
9. South Asia
    9.1 South Asia Licorice Extracts Market Size
    9.2 South Asia Licorice Extracts Key Players in North America
    9.3 South Asia Licorice Extracts Market Size by Type
    9.4 South Asia Licorice Extracts Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Licorice Extracts Market Size
    10.2 Southeast Asia Licorice Extracts Key Players in North America
    10.3 Southeast Asia Licorice Extracts Market Size by Type
    10.4 Southeast Asia Licorice Extracts Market Size by Application
11. Middle East
    11.1 Middle East Licorice Extracts Market Size
    11.2 Middle East Licorice Extracts Key Players in North America
    11.3 Middle East Licorice Extracts Market Size by Type
    11.4 Middle East Licorice Extracts Market Size by Application
12. Africa
    12.1 Africa Licorice Extracts Market Size
    12.2 Africa Licorice Extracts Key Players in North America
    12.3 Africa Licorice Extracts Market Size by Type
    12.4 Africa Licorice Extracts Market Size by Application
13. Oceania
    13.1 Oceania Licorice Extracts Market Size
    13.2 Oceania Licorice Extracts Key Players in North America
    13.3 Oceania Licorice Extracts Market Size by Type
    13.4 Oceania Licorice Extracts Market Size by Application
14. South America
    14.1 South America Licorice Extracts Market Size
    14.2 South America Licorice Extracts Key Players in North America
    14.3 South America Licorice Extracts Market Size by Type
    14.4 South America Licorice Extracts Market Size by Application
15. Rest of the World
    15.1 Rest of the World Licorice Extracts Market Size
    15.2 Rest of the World Licorice Extracts Key Players in North America
    15.3 Rest of the World Licorice Extracts Market Size by Type
    15.4 Rest of the World Licorice Extracts Market Size by Application
16 Licorice Extracts Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Market Segmentation

By Type

  • Powder
  • Semi-Fluid/Paste
  • Block

By Application

  • Pharmaceutical
  • Tobacco
  • Food & Beverage
  • Others

Regional Analysis

  • North America: U.S., Canada, Mexico – Strong demand in pharmaceuticals and food & beverage industries.
  • Europe: Germany, U.K., France, Italy, Russia, Spain – Adoption supported by traditional herbal medicine and confectionery applications.
  • Asia-Pacific: China, India, Japan, Southeast Asia – Fastest-growing region, driven by traditional medicine, food innovation, and tobacco industry demand.
  • South America: Brazil, Argentina – Moderate growth, supported by food & beverage expansion.
  • Middle East & Africa: Saudi Arabia, South Africa – Emerging demand, particularly in herbal medicine and specialty food products.

Key Market Players

Upto 24 to 48 hrs (Working Hours)

Upto 72 hrs max (Working Hours) - Weekends and Public Holidays

Single User License - Allows access to only one person to the report.

Multi User License - Allows sharing with max 5 persons within organization.

Corporate License – Can be shared across entire organization.

Online Payments with PayPal

Wire Transfer / Bank Transfer

Why Choose Us

24/7 Expert Support

At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.

Comprehensive Market Coverage

ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.

Actionable Intelligence

We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.

Data Privacy & Security

Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.

Customized Research

Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.

FAQs

Yes, we are providing all research support to get resolve all queries and concerns regarding the report. For all our clients.
Yes, we are providing complete customization in every report to fulfill your business needs.
Yes, we are providing regional and countries level analysis in the report, please mention the countries you are looking.
Yes, we are providing a discount for individuals and startups.
We offer access to more than one million market research reports. If the specific topic you need is not listed on our website, simply email us your requirements at sales@chemreports.com. Our research team will review your request and provide a customized report or the most relevant available study. We?re always happy to assist you with tailored solutions.