Market Overview:
The global glycyrrhizic acid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for glycyrrhizic acid in food & beverages, nutraceuticals, pharmaceuticals, personal care products and cosmetics applications. Additionally, the growing awareness about the benefits of glycyrrhizic acid is also propelling the market growth. However, stringent regulatory norms related to its use are restraining the market growth. On the basis of type, pharmaceutical grade accounted for majority share in 2017 and is projected to maintain its dominance during forecast period. This can be attributed to its extensive use in various therapeutic applications such as hypertension and congestive heart failure (CHF). Cosmetic grade segment is anticipated witness highest CAGR over forecast period owing to rising demand for natural ingredients in cosmetic products. On basis of application, food & beverages was largest segment with revenue exceeding USD 260 million in 2017 and it is projected grow at a CAGR of 5%. Nutraceuticals was second largest application with revenue over USD 190 million in 2017 and it estimated grow at 6% during forecast period . Pharmaceuticals held third largest share with revenue more than USD 130 million generated from this application globally . Personal care product’ s industry has been witnessing significant traction due high consumer preference towards organic ingredients which offer anti-aging benefits .
Product Definition:
Glycyrrhizic acid (98%) is a saponin with anti-inflammatory and immunomodulatory properties. It has been used to treat a variety of diseases, including hepatitis, tuberculosis, and cancer.
Pharmaceutical Grade:
Pharmaceutical grade is the purest form of glycyrrhizic acid available in the market. It has been used traditionally by herbalists and modern medicine practitioners for thousands of years as a natural remedy for various ailments. Modern science has backed up its claims, proving that it is an effective anti-inflammatory agent, antioxidant and superfood among other things.
Cosmetic Grade:
Cosmetic grade is the highest quality grade of glycyrrhizic acid available in the market. It has 98% of glycyrrhizic acid that is extracted from licorice root and 2% of artificial sweetener.
Application Insights:
The food and beverages segment accounted for the largest revenue share of over 40% in 2017. The product is widely used as a flavor enhancer in various foods such as cheese, chocolate, bakery products, meat products and sauces. It is also employed to impart moisture retention capacity to bread crumbs which enhance the texture of baked goods.
Nutraceuticals was the second-largest application segment accounting for over 30% market share in 2017 owing to glycyrrhizic acid¢â‚¬â„¢s anti-inflammatory & antidiabetic properties that help maintain blood sugar levels. The product has been used traditionally by native people of Mexico against diabetes symptoms such as increased urination frequency & thirst sensation without any known side effects or adverse reactions reported till date. These factors are anticipated to increase consumer awareness regarding health benefits associated with glycyrrhizic acid which will further fuel its demand from nutraceutical applications over the forecast period.
Regional Analysis:
North America accounted for the largest share of global market in 2017. The region is expected to maintain its dominance over the forecast period owing to presence of a large number of manufacturers and suppliers coupled with high demand from end-use industries such as cosmetics, pharmaceuticals, food & beverages and nutraceuticals.
Asia Pacific glycyrrhizic acid market is anticipated to witness significant growth during the forecast period due to increasing awareness regarding health benefits offered by this product along with rising disposable income especially in developing countries such as China and India. Moreover, rapid industrialization has led to rise in processing facilities which will further boost demand for this product over the next eight years.
Growth Factors:
- Increasing demand for natural ingredients in cosmetics and personal care products
- Rising awareness about the benefits of glycyrrhizic acid for skin health
- Growing popularity of Asian skincare regimens that incorporate glycyrrhizic acid
- Increasing use of glycyrrhizic acid in anti-aging products
- Proliferation of online retail channels that offer affordable access to high-quality glycyrrhizic acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Glycyrrhizic Acid 98% Market Research Report
By Type
Pharmaceutical Grade, Cosmetic Grade, Food Grade, Other
By Application
Food & Beverages, Nutraceuticals, Pharmaceuticals, Personal Care Products, Cosmetics, Other
By Companies
Tiansheng Pharmaceutical, Alps Pharmaceutical, ELION Group, Hunan Dinuo Pharmaceutical, Xinjiang Tianshan Pharmaceuticals Industry, Shaanxi Fujie Pharmaceutical, FAME Pharmaceuticals Industry, MAFCO Worldwide, Fanzhi Group, Qingdao Taitong Pharmaceutical, Cokey, Aktin Chemicals, Shanxi Yuning Biological Technology, Xi'an Qingshuo Import and Export Trade
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Glycyrrhizic Acid 98% Market Report Segments:
The global Glycyrrhizic Acid 98% market is segmented on the basis of:
Types
Pharmaceutical Grade, Cosmetic Grade, Food Grade, Other
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
Food & Beverages, Nutraceuticals, Pharmaceuticals, Personal Care Products, Cosmetics, Other
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:
- Tiansheng Pharmaceutical
- Alps Pharmaceutical
- ELION Group
- Hunan Dinuo Pharmaceutical
- Xinjiang Tianshan Pharmaceuticals Industry
- Shaanxi Fujie Pharmaceutical
- FAME Pharmaceuticals Industry
- MAFCO Worldwide
- Fanzhi Group
- Qingdao Taitong Pharmaceutical
- Cokey
- Aktin Chemicals
- Shanxi Yuning Biological Technology
- Xi'an Qingshuo Import and Export Trade
Highlights of The Glycyrrhizic Acid 98% 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
- Cosmetic Grade
- Food Grade
- Other
- By Application:
- Food & Beverages
- Nutraceuticals
- Pharmaceuticals
- Personal Care Products
- Cosmetics
- Other
- 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 Glycyrrhizic Acid 98% 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.
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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?
Glycyrrhizic acid is a natural extract found in licorice root. It has anti-inflammatory properties and can be used to treat a variety of conditions, including skin problems, arthritis, and diabetes.
Some of the key players operating in the glycyrrhizic acid 98% market are Tiansheng Pharmaceutical, Alps Pharmaceutical, ELION Group, Hunan Dinuo Pharmaceutical, Xinjiang Tianshan Pharmaceuticals Industry, Shaanxi Fujie Pharmaceutical, FAME Pharmaceuticals Industry, MAFCO Worldwide, Fanzhi Group, Qingdao Taitong Pharmaceutical, Cokey, Aktin Chemicals, Shanxi Yuning Biological Technology, Xi'an Qingshuo Import and Export Trade.
The glycyrrhizic acid 98% market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glycyrrhizic Acid 98% 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 Glycyrrhizic Acid 98% Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Glycyrrhizic Acid 98% 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 Glycyrrhizic Acid 98% 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 Glycyrrhizic Acid 98% Market Size & Forecast, 2020-2028 4.5.1 Glycyrrhizic Acid 98% Market Size and Y-o-Y Growth 4.5.2 Glycyrrhizic Acid 98% Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Cosmetic Grade
5.2.3 Food Grade
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Nutraceuticals
6.2.3 Pharmaceuticals
6.2.4 Personal Care Products
6.2.5 Cosmetics
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Glycyrrhizic Acid 98% 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 Glycyrrhizic Acid 98% 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Cosmetic Grade
9.6.3 Food Grade
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Nutraceuticals
9.10.3 Pharmaceuticals
9.10.4 Personal Care Products
9.10.5 Cosmetics
9.10.6 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Cosmetic Grade
10.6.3 Food Grade
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Nutraceuticals
10.10.3 Pharmaceuticals
10.10.4 Personal Care Products
10.10.5 Cosmetics
10.10.6 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Cosmetic Grade
11.6.3 Food Grade
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Nutraceuticals
11.10.3 Pharmaceuticals
11.10.4 Personal Care Products
11.10.5 Cosmetics
11.10.6 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Cosmetic Grade
12.6.3 Food Grade
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Nutraceuticals
12.10.3 Pharmaceuticals
12.10.4 Personal Care Products
12.10.5 Cosmetics
12.10.6 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Cosmetic Grade
13.6.3 Food Grade
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Nutraceuticals
13.10.3 Pharmaceuticals
13.10.4 Personal Care Products
13.10.5 Cosmetics
13.10.6 Other
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 Glycyrrhizic Acid 98% Market: Competitive Dashboard
14.2 Global Glycyrrhizic Acid 98% Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tiansheng Pharmaceutical
14.3.2 Alps Pharmaceutical
14.3.3 ELION Group
14.3.4 Hunan Dinuo Pharmaceutical
14.3.5 Xinjiang Tianshan Pharmaceuticals Industry
14.3.6 Shaanxi Fujie Pharmaceutical
14.3.7 FAME Pharmaceuticals Industry
14.3.8 MAFCO Worldwide
14.3.9 Fanzhi Group
14.3.10 Qingdao Taitong Pharmaceutical
14.3.11 Cokey
14.3.12 Aktin Chemicals
14.3.13 Shanxi Yuning Biological Technology
14.3.14 Xi'an Qingshuo Import and Export Trade