Market Overview:
The global monoammonium glycyrrhizinate (MAG) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for MAG from various applications such as food & beverages, nutraceuticals, pharmaceuticals, personal care products, cosmetics and others. Monoammonium glycyrrhizinate is a natural sweetener that is extracted from licorice roots. It has a sweet taste and is about 50 times sweeter than sugar. It also has various health benefits such as anti-inflammatory properties, antioxidant properties and others which are driving the demand for MAG from various applications.
 Industry Outlook.svg)
Product Definition:
MAG is a natural flavoring agent that is extracted from the licorice plant. It has a sweet, woodsy taste and is used to flavor food and beverages. MAG also has some medicinal properties and is used to treat stomach ulcers and other digestive problems.
Purity: 95%-98%:
Purity: 95%-98%, it's usage.
The global MAG market size was valued at USD 8.0 million in 2016. It is expected to expand at a CAGR of XX% over the forecast period on account of rising product demand from various end-use industries including personal care, pharmaceuticals, nutraceuticals, and cosmetics among others.
Purity: 98%-99%:
Purity is a key parameter in the MAG market. 99% of monoammonium glycyrrhizinate (MAG) content should be made up of ingredients from highest quality raw materials. The rest 1%-2% contains impurities that are acceptable and can still be used as MAB or MAO supplement, but it's less desirable than pure MAG.
Application Insights:
Nutraceuticals was the dominant application segment and accounted for a revenue share of over 40% in 2017. Monoammonium glycyrrhizinate is used as an active pharmaceutical ingredient (API) in the treatment of various diseases such as diabetes, obesity, cardiovascular diseases, respiratory problems and gastrointestinal disorders. The product has high demand as an anti-diabetic agent owing to its ability to regulate blood sugar levels by enhancing insulin sensitivity. It also reduces the risk of heart disease by lowering cholesterol levels and preventing blood clotting within arteries.
The food & beverage application is expected to witness significant growth over the forecast period due to rising consumer awareness regarding healthy eating habits coupled with increasing health concerns related to processed food items containing high amount of sodium and preservatives that are harmful for human health. MAG is widely used in beverages such as energy drinks owing to its ability stimulate metabolism which helps burn fat faster while maintaining muscle mass during weight loss programs or dieting efforts.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as food & beverages, nutraceuticals and cosmetics. Asia Pacific held a dominant share in terms of monoammonium glycyrrhizinate production owing to high demand for natural sweeteners in countries like India and China.
The market in Europe is anticipated to witness significant growth over the forecast period owing to increasing consumer awareness regarding health benefits associated with MAG such as improved blood glucose control and protection against obesity, which will drive product consumption across several applications. Moreover, presence of key manufacturers including Roquette (France), FrieslandCampina (Netherlands) and Arla Foods (Sweden) will also propel regional market development during the forecast period.
Growth Factors:
- Increasing demand for natural sweeteners: The global market for natural sweeteners is projected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing awareness about the health benefits of natural sweeteners and their growing use in food and beverage applications. Monoammonium glycyrrhizinate is a naturally occurring sweetener with a high sweetness index that makes it an attractive alternative to artificial sweeteners.
- Growing demand for functional foods and beverages: The global market for functional foods and beverages is projected to grow at a CAGR of 7% from 2016 to 2021. Functional foods are those that offer additional health benefits beyond basic nutrition, such as reducing the risk of chronic diseases or improving overall well-being. Monoammonium glycyrrhizinate offers several health benefits, including improved heart health, reduced inflammation, and better blood sugar control, which has led to its growing use in functional food applications.
- Rising consumer interest in herbal supplements: The global market for herbal supplements is projected to grow at a CAGR of 9% from 2016 to 2021 due to rising consumer interest in traditional remedies and preventive healthcare practices.. Monoammonium glycyrrhizinate is extracted from licorice root, which has been used as a folk remedy for centuries due its various therapeutic properties.. This has led consumers worldwide increasingly seek out products containing MAG as an ingredient..
Scope Of The Report
Report Attributes
Report Details
Report Title
Monoammonium Glycyrrhizinate (MAG) Market Research Report
By Type
Purity: 95%-98%, Purity: 98%-99%, Purity: ≥99%
By Application
Food & Beverages, Nutraceuticals, Pharmaceuticals, Personal Care Products, Cosmetics, Other
By Companies
Herbakraft, TOKIWA Phytochemical, Prinova, VITAL-CHEM Zhuhai Co., Ltd., Sabinsa, Alchem International Ltd, Ruitenberg BasIQs B.V., Shaanxi Fujie Pharmaceutical, MAFCO Worldwide, Qingdao Taitong Pharmaceutical, Cokey
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Monoammonium Glycyrrhizinate (MAG) Market Report Segments:
The global Monoammonium Glycyrrhizinate (MAG) market is segmented on the basis of:
Types
Purity: 95%-98%, Purity: 98%-99%, Purity: ≥99%
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:
- Herbakraft
- TOKIWA Phytochemical
- Prinova
- VITAL-CHEM Zhuhai Co., Ltd.
- Sabinsa
- Alchem International Ltd
- Ruitenberg BasIQs B.V.
- Shaanxi Fujie Pharmaceutical
- MAFCO Worldwide
- Qingdao Taitong Pharmaceutical
- Cokey
 Market Overview.svg)
Highlights of The Monoammonium Glycyrrhizinate (MAG) 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:
- Purity: 95%-98%
- Purity: 98%-99%
- Purity: ≥99%
- 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 Monoammonium Glycyrrhizinate (MAG) 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
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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?
MAG is a natural extract from the root of the Ammonium Glycyrrhizate plant. It is an anti-inflammatory agent that has been shown to be effective in treating conditions such as joint pain, arthritis, and chronic pain. MAG can also help improve cognitive function and memory recall.
Some of the major players in the monoammonium glycyrrhizinate (mag) market are Herbakraft, TOKIWA Phytochemical, Prinova, VITAL-CHEM Zhuhai Co., Ltd., Sabinsa, Alchem International Ltd, Ruitenberg BasIQs B.V., Shaanxi Fujie Pharmaceutical, MAFCO Worldwide, Qingdao Taitong Pharmaceutical, Cokey.
The monoammonium glycyrrhizinate (mag) 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 Monoammonium Glycyrrhizinate (MAG) 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 Monoammonium Glycyrrhizinate (MAG) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monoammonium Glycyrrhizinate (MAG) 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 Monoammonium Glycyrrhizinate (MAG) 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 Monoammonium Glycyrrhizinate (MAG) Market Size & Forecast, 2020-2028
4.5.1 Monoammonium Glycyrrhizinate (MAG) Market Size and Y-o-Y Growth
4.5.2 Monoammonium Glycyrrhizinate (MAG) 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 Purity: 95%-98%
5.2.2 Purity: 98%-99%
5.2.3 Purity: ≥99%
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 Monoammonium Glycyrrhizinate (MAG) 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 Monoammonium Glycyrrhizinate (MAG) 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 Purity: 95%-98%
9.6.2 Purity: 98%-99%
9.6.3 Purity: ≥99%
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 Purity: 95%-98%
10.6.2 Purity: 98%-99%
10.6.3 Purity: ≥99%
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 Purity: 95%-98%
11.6.2 Purity: 98%-99%
11.6.3 Purity: ≥99%
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 Purity: 95%-98%
12.6.2 Purity: 98%-99%
12.6.3 Purity: ≥99%
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 Purity: 95%-98%
13.6.2 Purity: 98%-99%
13.6.3 Purity: ≥99%
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 Monoammonium Glycyrrhizinate (MAG) Market: Competitive Dashboard
14.2 Global Monoammonium Glycyrrhizinate (MAG) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Herbakraft
14.3.2 TOKIWA Phytochemical
14.3.3 Prinova
14.3.4 VITAL-CHEM Zhuhai Co., Ltd.
14.3.5 Sabinsa
14.3.6 Alchem International Ltd
14.3.7 Ruitenberg BasIQs B.V.
14.3.8 Shaanxi Fujie Pharmaceutical
14.3.9 MAFCO Worldwide
14.3.10 Qingdao Taitong Pharmaceutical
14.3.11 Cokey
