The global Liquorice Extract Market is experiencing significant expansion, with its valuation reaching USD 512 million in 2023. Industry analysts project the market to grow at a CAGR of 6.40%, potentially reaching USD 894.84 million by 2032.
Liquorice extract, derived from Glycyrrhiza glabra roots, has been a staple in traditional medicine for centuries due to its therapeutic properties. Today, its applications span diverse sectors, from flavoring confectionery products to formulating skin-brightening cosmetics. The extract's natural sweetness and bioactive compounds like glycyrrhizin make it particularly valuable as industries shift toward plant-based alternatives. Meanwhile, regulatory support for natural ingredients and growing R&D investments are creating new opportunities in functional foods and nutraceuticals.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4
Market Overview & Regional Analysis
Asia-Pacific commands the global liquorice extract market with a dominant position, where China alone accounts for over 35% of production. This regional stronghold stems from the deep-rooted tradition of herbal medicine and robust processing infrastructure. India follows closely, with its expanding Ayurvedic product industry increasingly incorporating liquorice in formulations. The region benefits from favorable climatic conditions for glycyrrhiza cultivation and cost-competitive manufacturing.
Europe represents the second-largest market, with Germany and the UK being key consumers. Strict EU regulations promoting natural ingredients in food and pharmaceuticals have significantly boosted demand. North America shows accelerated growth, driven by the wellness trend and popularity of herbal supplements. Meanwhile, Middle Eastern countries like Iran are emerging as important exporters, capitalizing on their historical expertise in liquorice processing.
Key Market Drivers and Opportunities
Several factors are propelling the liquorice extract market forward. The global nutraceutical industry's expansion - projected to exceed USD 700 billion by 2030 - is creating substantial demand. Liquorice's natural sweetening properties make it particularly valuable as sugar reduction becomes a priority in food formulations. The extract's versatility is evident across sectors:
Emerging applications in digestive health supplements and functional beverages offer significant growth potential. The development of de-glycyrrhizinated liquorice (DGL) has opened new avenues by addressing previous concerns about glycyrrhizin's side effects.
Challenges & Restraints
Despite promising growth, the market faces several hurdles. Price volatility of raw materials remains a persistent challenge, with liquorice root prices fluctuating up to 20% annually due to climatic variations. Regulatory constraints are tightening, particularly regarding glycyrrhizin content in food products. The FDA recommends limiting daily intake to 100mg, while the EU has set stricter thresholds.
Supply chain fragmentation across producing regions creates quality consistency issues. Furthermore, the emergence of synthetic alternatives offering similar flavor profiles at lower costs is pressuring natural liquorice extract prices. The market also contends with limited consumer awareness in developing regions about liquorice's benefits beyond traditional medicinal use.
Market Segmentation by Type
Market Segmentation by Application
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4
Competitive Landscape
The liquorice extract market features a mix of specialized producers and diversified chemical companies. Notable players include:
Recent developments include Norevo's expansion of its organic liquorice extraction capacity and Mafco's introduction of a new low-glycyrrhizin variant for the food industry. Companies are increasingly focusing on vertical integration, with several Chinese manufacturers acquiring cultivation lands in Xinjiang province to ensure raw material supply.
Report Scope
This comprehensive report provides detailed analysis of the global liquorice extract market from 2023 to 2032, covering:
The research methodology combines primary interviews with industry experts, analysis of company financials, and evaluation of trade data. Market sizing employs both top-down and bottom-up approaches to ensure accuracy.
Get Full Report Here: https://www.24chemicalresearch.com/reports/284139/global-regional-liquorice-extract-forecast-supply-dem-analysis-competitive-market-2025-2032-4
FAQ Section
Approximately 18% of new natural food products launched in 2023 included liquorice extract as an ingredient, particularly in herbal teas, candies, and sugar-free products.
Southeast Asia shows exceptional promise, with projected CAGR of 8.2% through 2030, driven by traditional medicine practices and growing disposable incomes.
Leading producers are developing advanced extraction technologies to create DGL (de-glycyrrhizinated liquorice) variants and implementing precise dosing guidelines.
Liquorice's natural skin-brightening properties and anti-inflammatory effects make it popular in clean beauty products, with 32% growth in cosmetic applications since 2020.
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
Other Related Posts:
https://www.linkedin.com/pulse/global-uracil-market-outlook-20252032-growth-kzapf?trackingId=UYOgm0yh8Wgkn8CFJvfzXA%3D%3D&lipi=urn%3Ali%3Apage%3Ad_flagship3_company_posts%3BM1XlHLOuSiCHpc%2FquRpD7A%3D%3D
https://www.linkedin.com/posts/north-america-chemical-insights-24cr_solvent-based-paint-additives-market-research-activity-7346478608376311811-kZIv?utm_source=share&utm_medium=member_desktop&rcm=ACoAAElumBMB5ZnO5Tbs3FXx0C23mCAXPKGnSM4
https://www.linkedin.com/posts/north-america-chemical-insights-24cr_solvent-based-paint-additives-market-research-activity-7346478608376311811-kZIv?utm_source=share&utm_medium=member_desktop&rcm=ACoAAElumBMB5ZnO5Tbs3FXx0C23mCAXPKGnSM4
https://www.linkedin.com/posts/north-america-chemical-insights-24cr_global-performance-lithium-compounds-market-activity-7346469537493520384-D_Kw?utm_source=share&utm_medium=member_desktop&rcm=ACoAAElumBMB5ZnO5Tbs3FXx0C23mCAXPKGnSM4
No comments yet. Be the first. |