What is the Forecast Market Value for Global Licorice Root Market?
Licorice root extracts are considered as highly important flavouring agent in the food and beverage industry. It is also widely used in the tobacco industry as de-bittering agent globally. These herbaceous extracts are being highly adopted among population owing to the rise in health consciousness globally.
Global Licorice Root Market was valued at USD 0.98 billion in 2021 and is expected to reach USD 1.54 billion by 2029, registering a CAGR of 5.90% during the forecast period of 2022-2029. “Pharmaceutical Industry” accounts for the largest end user segment in the respective market owing to the rise in shift toward the use of organic treatments. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
- Global Global Licorice Root Market Definition
- The liquorice or licorice plant refers to an herbaceous perennial legume, and the extracts of the plant are utilized traditional medicine and herbalism. The root is beneficial in smoothening gastrointestinal problems. Licorice root extract could also be used for repairing stomach lining and restore balance.
- Let’s Check Global Licorice Root Market Scope and Size
The licorice root market is segmented on the basis of product form, product type, function type, grade type, raw material type, ingredient type, and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
On the basis of product form, the licorice root market is segmented into roots and extracts. The roots are further sub-segmented into blocks, powder, paste and other.
- Essential Oils
- Liquid Malt Extract
- Herbs And Spices Dry Malt Extract
- Malt Flour
On the basis of product type, the licorice root market is segmented into essential oils, liquid malt extract, oleoresins, herbs and spices dry malt extract, and malt flour.
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
- Market Analysis and Insights - Global Global Licorice Root Market
- North America dominates the licorice root market because of the increase in the consumer awareness within the region.
- Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increasing demand from pharmaceutical industry in the region.
- The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
What are the Main Data Pointers Covered in Global Licorice Root Market Report?
The Details analysis include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weakness, product launch, product width and breadth, application dominance.
What are the Major Companies Operating in the Global Licorice Root Market?
- Iran Medical Herb. (Iran)
- Fanavaran-e-Tosee Sanat-e-Gharb (Iran)
- Glycyrrhiza Glabra Co, Ltd. (Eurasia)
- Naturex SA (France)
- NOREVO (Germany)
- Green Agro Invest LLC (Uzbekistan)
- Hepner & Eschenbrenner GmbH & Co. KG (Germany)
- MARUZEN PHARMACEUTICALS CO., LTD. (Japan)
- Nutra Green Biotechnology Co., Ltd. (China)
- MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Global Licorice Root Market Segmentation
- Chapter Three: Global Licorice Root Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Global Licorice Root Market by Product & Procedure type
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Global Licorice Root Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Global Licorice Root Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Global Licorice Root Market
The exhaustive analysis of various trends of the Global Global Licorice Root Market to help identify market developments
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