Market Overview:
The global licorice extract powder market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for licorice extract powder in the pharmaceutical industry, food industry, and cosmetic industry. Moreover, rising awareness about the benefits of licorice extract powder is also propelling the growth of this market. Based on type, the global licorice extract powder market can be segmented into pharmaceutical grade, food grade, and feed grade. Pharmaceutical grade dominates this market owing to its high quality and purity standards that are required for various drugs and medicines. Food grade is also anticipated to witness significant growth during the forecast period as it is used in a wide range of food products such as confectioneries, bakery items etc., due to its characteristic flavor and taste. Feed grade accounted for a minor share of this market in 2017; however it is projected to grow at a higher rate than other segments during 2018-2030 owing to its increasing use in animal feed formulations across different geographies. On basis application wise Pharmaceutical Industry currently dominates with highest share but Cosmetic Industry will have highest CAGR over next 10 years followed by Food Industry .
Product Definition:
Licorice extract powder is a natural product that has many benefits for the body. It can be used to treat a variety of medical conditions, including heartburn, bronchitis, and ulcers. It is also effective in treating skin conditions such as eczema and psoriasis. Licorice extract powder is important because it helps to improve the function of the immune system, digestive system, and respiratory system.
Pharmaceutical Grade:
Pharmaceutical grade is the purest form of Licorice extract powder. It has been processed and formulated to meet the standards set by pharmaceutical companies for drug development in various fields such as medicine, food, cosmetics, and others.
Pharmaceutical-grade licorice extract powder is used in several applications including treatment of hyperglycemia (high blood sugar), low blood pressure, high cholesterol levels among others.
Food Grade:
Food grade is the standard term used for licorice extract powder. It means that the product has been processed and inspected according to international food standards by a recognized body. The extraction process of this product should comply with generally accepted principles for food processing, which are based on natural sources.
The extraction process of this product should comply with generally accepted principles for food processing, which are based on natural sources.
Application Insights:
The global licorice extract powder market has been segmented on the basis of application into pharmaceutical industry, food industry, cosmetic industry and others. The pharmaceutical application dominated the overall market in terms of revenue share at over 40% in 2017. This is attributed to its wide range of applications such as diabetes treatment and cough syrups among others. Cough syrups were the largest revenue-generating segment for this market owing to its extensive usage as a substitute for codeine phosphate due to fewer side effects compared with other cough suppressants such as dextromethorphan or DXM which are found in many over-the-counter (OTC) medicines like Robitussin AC/DC and NyQuil.
The growing prevalence of diabetes is expected to drive demand for licorice extract powders from both medical practitioners.
Regional Analysis:
Asia Pacific was the largest market for licorice extract powder in 2016 and is expected to continue its dominance over the forecast period. The region accounts for about 60% of global demand owing to high consumption in China, Japan, South Korea, Taiwan and India. Growing health awareness among consumers coupled with rising disposable income is anticipated to drive growth over the forecast period.
Europe accounted for more than 25% of global revenue share in 2016 due to growing consumer spending on food & beverage products containing natural flavoring agents such as fruit extracts and vegetable powders. In addition, increasing R&D activities by pharmaceutical companies are likely to have a positive impact on industry growth over the next eight years.
North America is expected witness significant growth from 2017 due to increasing demand from confectionery sector along with growing trend of ready-to-eat meals among consumers across U.S.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of licorice extract powder
- Growing popularity of herbal supplements and remedies
- Proliferation of online retail channels
- Expanding applications for licorice extract powder in food, beverage, and pharmaceutical industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Licorice Extract Powder Market Research Report
By Type
Pharmaceutical Grade, Food Grade, Feed Grade
By Application
Pharmaceutical Industry, Food Industry, Cosmetic Industry, Others
By Companies
Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, F&C Licorice, Norevo GmbH, Ransom Naturals, Maruzen Pharmaceuticals, MCFS, Aushadhi Herbal, Magnasweet, VPL Chemicals, Zelang, Changyue, Bokai
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Licorice Extract Powder Market Report Segments:
The global Licorice Extract Powder market is segmented on the basis of:
Types
Pharmaceutical Grade, Food Grade, Feed Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Food Industry, Cosmetic Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magnasweet
- ASEH
- Zagros Licorice
- Sepidan Osareh
- F&C Licorice
- Norevo GmbH
- Ransom Naturals
- Maruzen Pharmaceuticals
- MCFS
- Aushadhi Herbal
- Magnasweet
- VPL Chemicals
- Zelang
- Changyue
- Bokai
Highlights of The Licorice Extract Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pharmaceutical Grade
- Food Grade
- Feed Grade
- By Application:
- Pharmaceutical Industry
- Food Industry
- Cosmetic Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Licorice Extract Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Licorice extract powder is a natural supplement that is derived from the root of the licorice plant. It has been used for centuries as a remedy for various health problems, including stomach ulcers and diarrhea. Licorice extract powder can also help improve blood sugar levels and reduce inflammation.
Some of the major companies in the licorice extract powder market are Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, F&C Licorice, Norevo GmbH, Ransom Naturals, Maruzen Pharmaceuticals, MCFS, Aushadhi Herbal, Magnasweet, VPL Chemicals, Zelang, Changyue, Bokai.
The licorice extract powder market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Licorice Extract Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Licorice Extract Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Licorice Extract Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Licorice Extract Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Licorice Extract Powder Market Size & Forecast, 2018-2028
4.5.1 Licorice Extract Powder Market Size and Y-o-Y Growth
4.5.2 Licorice Extract Powder Market Absolute $ Opportunity
Chapter 5 Global Licorice Extract Powder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Licorice Extract Powder Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Food Grade
5.2.3 Feed Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Licorice Extract Powder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Licorice Extract Powder Market Size Forecast by Applications
6.2.1 Pharmaceutical Industry
6.2.2 Food Industry
6.2.3 Cosmetic Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Licorice Extract Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Licorice Extract Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Licorice Extract Powder Analysis and Forecast
9.1 Introduction
9.2 North America Licorice Extract Powder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Licorice Extract Powder Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Food Grade
9.6.3 Feed Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Licorice Extract Powder Market Size Forecast by Applications
9.10.1 Pharmaceutical Industry
9.10.2 Food Industry
9.10.3 Cosmetic Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Licorice Extract Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Licorice Extract Powder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Licorice Extract Powder Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Food Grade
10.6.3 Feed Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Licorice Extract Powder Market Size Forecast by Applications
10.10.1 Pharmaceutical Industry
10.10.2 Food Industry
10.10.3 Cosmetic Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Licorice Extract Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Licorice Extract Powder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Licorice Extract Powder Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Food Grade
11.6.3 Feed Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Licorice Extract Powder Market Size Forecast by Applications
11.10.1 Pharmaceutical Industry
11.10.2 Food Industry
11.10.3 Cosmetic Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Licorice Extract Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Licorice Extract Powder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Licorice Extract Powder Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Food Grade
12.6.3 Feed Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Licorice Extract Powder Market Size Forecast by Applications
12.10.1 Pharmaceutical Industry
12.10.2 Food Industry
12.10.3 Cosmetic Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Licorice Extract Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Licorice Extract Powder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Licorice Extract Powder Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Food Grade
13.6.3 Feed Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Licorice Extract Powder Market Size Forecast by Applications
13.10.1 Pharmaceutical Industry
13.10.2 Food Industry
13.10.3 Cosmetic Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Licorice Extract Powder Market: Competitive Dashboard
14.2 Global Licorice Extract Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magnasweet
14.3.2 ASEH
14.3.3 Zagros Licorice
14.3.4 Sepidan Osareh
14.3.5 F&C Licorice
14.3.6 Norevo GmbH
14.3.7 Ransom Naturals
14.3.8 Maruzen Pharmaceuticals
14.3.9 MCFS
14.3.10 Aushadhi Herbal
14.3.11 Magnasweet
14.3.12 VPL Chemicals
14.3.13 Zelang
14.3.14 Changyue
14.3.15 Bokai
