Market Overview:
The global liquorice root extract market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The food grade segment is projected to be the fastest growing segment in the global liquorice root extract market, by type, during the forecast period. The pharmaceutical industry segment is estimated to account for the largest share of the global liquorice root extract market in 2018. Asia Pacific is expected to be the fastest growing region in terms of revenue growth, during the forecast period. Some of key factors driving growth of global liquorice root extract market are increasing demand for natural ingredients and flavors in food and beverage industry and rising awareness about benefits associated with use of liquorice extracts across various applications such as pharmaceuticals, cosmetics and feed industries. Additionally, increasing investment by major players towards research & development activities for new product launches is also anticipated to fuel growth of this market over next few years.
Product Definition:
Liquorice extract is a water-based extract of the liquorice root. It is used as an ingredient in cosmetics, toothpastes and other oral hygiene products.
Pharmaceutical Grade:
Pharmaceutical grade liquorice root extract is a fine powder made from grinding dried roots of the liquorice plant. It has been used in medicines to treat cough, cold and bronchitis and for other medicinal purposes. The active ingredients present in pharmaceutical grade liquorice root extract are known to be effective against viruses, bacteria & fungi which is one of the factors that have contributed largely towards its usage as an anti-bacterial agent.
Food Grade:
Food grade is the standard used for food and beverage products. It is also known as culinary or kitchen salt. It has a high content of sodium chloride, commonly called table salt.
Application Insights:
The global liquorice root extract market has been segmented into three applications, namely pharmaceutical industry, food industry and cosmetics industry. The pharmaceutical application dominated the overall market in 2017 with a share of over 80% owing to its medicinal properties. It is used as an alternative treatment for diabetes and gastrointestinal conditions such as irritable bowel syndrome (IBS). In addition, it is also used for weight loss and cardiovascular diseases due to its ability to reduce blood pressure levels. These factors are anticipated to drive the demand from the pharmaceutical application segment over the forecast period.
The cosmetics application segment is expected register a CAGR of XX% from 2018 to 2030 on account of increasing product use in cosmetic formulations including skincare products, hair care products and oral care products among others.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high demand from countries, such as Germany, U.K., France and Italy. The region is expected to maintain its dominance over the forecast period due to increasing product consumption in food products and confectioneries. Asia Pacific is projected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 on account of rising product demand from emerging economies including China, India and Japan.
The key manufacturers are Boerhingen BOHU GmbH & Co., Ltd.; Sibirsky Promin (Russia) Inc.; Xian Welldon Trading Co., Ltd; Shanghai Hupo Pharmaceutical Corp; Guangzhou Jitai Bio-Technology Co., Ltd.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of liquorice root extract
- Growing popularity of herbal supplements and remedies
- Proliferation of online retail channels
- Expanding applications for liquorice root extract in food, cosmetics, and pharmaceuticals
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquorice Root Extract Market Research Report
By Type
Pharmaceutical Grade, Food Grade, Feed Grade
By Application
Pharmaceutical Industry, Food Industry, Cosmetic Industry
By Companies
Sepidan Osareh, F&C Licorice, Norevo GmbH, Maruzen Pharmaceuticals, Aushadhi Herbal, SK Bioland, Amruta Herbals, Sabinsa, Vee Kay International, Amsar, BotanicalsPlus, Phyto Life Sciences, Indus Extracts, Qinghai Lake Pharmaceutical, The Garden of Naturalsolution, Jarchem Industries, Carrubba, Actives International, Bioveda Naturals, Huzhou Ouli Biotechnology, Spec-Chem Industry, AQIA, Croda
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Liquorice Root Extract Market Report Segments:
The global Liquorice Root Extract 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
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:
- Sepidan Osareh
- F&C Licorice
- Norevo GmbH
- Maruzen Pharmaceuticals
- Aushadhi Herbal
- SK Bioland
- Amruta Herbals
- Sabinsa
- Vee Kay International
- Amsar
- BotanicalsPlus
- Phyto Life Sciences
- Indus Extracts
- Qinghai Lake Pharmaceutical
- The Garden of Naturalsolution
- Jarchem Industries
- Carrubba
- Actives International
- Bioveda Naturals
- Huzhou Ouli Biotechnology
- Spec-Chem Industry
- AQIA
- Croda
Highlights of The Liquorice Root Extract 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
- 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 Liquorice Root Extract 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
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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?
Liquorice root extract is a natural extract from the roots of the liquorice plant. It has been used in traditional medicine to treat a variety of conditions, including pain relief, inflammation, and coughs.
Some of the major players in the liquorice root extract market are Sepidan Osareh, F&C Licorice, Norevo GmbH, Maruzen Pharmaceuticals, Aushadhi Herbal, SK Bioland, Amruta Herbals, Sabinsa, Vee Kay International, Amsar, BotanicalsPlus, Phyto Life Sciences, Indus Extracts, Qinghai Lake Pharmaceutical, The Garden of Naturalsolution, Jarchem Industries, Carrubba, Actives International, Bioveda Naturals, Huzhou Ouli Biotechnology, Spec-Chem Industry, AQIA, Croda.
The liquorice root extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size & Forecast, 2018-2028
4.5.1 Liquorice Root Extract Market Size and Y-o-Y Growth
4.5.2 Liquorice Root Extract Market Absolute $ Opportunity
Chapter 5 Global Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size Forecast by Applications
6.2.1 Pharmaceutical Industry
6.2.2 Food Industry
6.2.3 Cosmetic Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Analysis and Forecast
9.1 Introduction
9.2 North America Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size Forecast by Applications
9.10.1 Pharmaceutical Industry
9.10.2 Food Industry
9.10.3 Cosmetic Industry
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 Liquorice Root Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size Forecast by Applications
10.10.1 Pharmaceutical Industry
10.10.2 Food Industry
10.10.3 Cosmetic Industry
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 Liquorice Root Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size Forecast by Applications
11.10.1 Pharmaceutical Industry
11.10.2 Food Industry
11.10.3 Cosmetic Industry
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 Liquorice Root Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Liquorice Root Extract 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 Liquorice Root Extract 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 Liquorice Root Extract Market Size Forecast by Applications
12.10.1 Pharmaceutical Industry
12.10.2 Food Industry
12.10.3 Cosmetic Industry
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) Liquorice Root Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Liquorice Root Extract 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) Liquorice Root Extract 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) Liquorice Root Extract Market Size Forecast by Applications
13.10.1 Pharmaceutical Industry
13.10.2 Food Industry
13.10.3 Cosmetic Industry
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 Liquorice Root Extract Market: Competitive Dashboard
14.2 Global Liquorice Root Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sepidan Osareh
14.3.2 F&C Licorice
14.3.3 Norevo GmbH
14.3.4 Maruzen Pharmaceuticals
14.3.5 Aushadhi Herbal
14.3.6 SK Bioland
14.3.7 Amruta Herbals
14.3.8 Sabinsa
14.3.9 Vee Kay International
14.3.10 Amsar
14.3.11 BotanicalsPlus
14.3.12 Phyto Life Sciences
14.3.13 Indus Extracts
14.3.14 Qinghai Lake Pharmaceutical
14.3.15 The Garden of Naturalsolution
14.3.16 Jarchem Industries
14.3.17 Carrubba
14.3.18 Actives International
14.3.19 Bioveda Naturals
14.3.20 Huzhou Ouli Biotechnology
14.3.21 Spec-Chem Industry
14.3.22 AQIA
14.3.23 Croda
