Market Overview:
The global tripotassium glycyrrhizinate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food and beverage products, rising awareness about the benefits of tripotassium glycyrrhizinate among consumers, and growing applications of tripotassium glycyrrhizinate in pharmaceuticals, cosmetics, and other industries. However, factors such as stringent regulatory norms for food additives may restrain the growth of this market during the forecast period. Based on type, the global tripotassium glycyrrhizinate market can be segmented into purity levels of 95%-98%, 98%-99%, and ≥99%. The purity level of 99% or more is expected to witness higher demand during the forecast period owing to its superior properties compared with other purity levels. By application, food & beverage accounted for majority share in 2017 and is projected to maintain its dominance throughout the forecast period. This can be attributed to increasing demand for healthy foods with better taste profiles across regions.
Product Definition:
Tripotassium glycyrrhizinate is a potassium salt of glycyrrhizic acid, which is found in licorice. It has anti-inflammatory and demulcent properties.
Purity: 95%-98%:
Purity: 95%-98%, it's usage.
TKG is a natural organic compound extracted from the licorice plant. It has anti-inflammatory & pain relief properties, reduces swelling, and helps to reduce high blood pressure.
Purity: 98%-99%:
TKG is a white crystalline powder, which is soluble in water and ethanol. It has a mild odor similar to sugar. TKG can be used as an additive for food & beverages, pharmaceuticals and cosmetics among others.
The demand for tripotassium glycyrrhizinate (TKG) has been increasing over the past few years on account of its growing application scope in end-use industries such as pharmaceuticals, cosmetics.
Application Insights:
The other application segment includes personal care, pharmaceuticals and cosmetics. In 2017, the food & beverage application accounted for the largest share in global Tripotassium Glycyrrhizinate market. The product is widely used as a flavor enhancer in various food products such as bakery and confectionery items to improve their taste. It is also employed in meat products, dairy products and beverages such as wine to impart tartness along with other characteristics. Increasing demand for organic foods has been encouraging manufacturers of organic foods to use this compound owing to its natural properties that help enhance flavors without exhibiting any artificial aftertaste or odor when mixed with different ingredients including fruit juices and aromas of coffee grounds among others which are generally employed while preparing these types of foodstuffs.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to high demand for Tripotassium Glycyrrhizinate in nutraceuticals and cosmetics applications. The region’s pharmaceutical industry is also expected to witness significant growth over the forecast period, which will drive product demand in drug delivery systems and as an anti-inflammatory agent.
North America accounted for a major share of revenue due to high consumer awareness regarding health benefits associated with GRH products coupled with advanced healthcare infrastructure in this region. Moreover, growing geriatric population prone towards chronic diseases such as arthritis will further boost product consumption levels over the coming years.
Europe was one of the largest consumers of tripotassium glycyrrhizinate owing its large cosmetic industry along with increasing use in pharmaceutical formulations that enhance efficacy.
Growth Factors:
- Increasing demand for natural sweeteners as an alternative to artificial sweeteners
- Rising awareness about the health benefits of tripotassium glycyrrhizinate
- Growing demand for functional foods and dietary supplements
- Rising popularity of herbal remedies and traditional medicines
- Technological advancements in extraction and purification processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Tripotassium Glycyrrhizinate Market Research Report
By Type
Purity: 95%-98%, Purity: 98%-99%, Purity:≥99%
By Application
Food & Beverage, Nutrition, Pharmaceutical, Cosmetics, Other
By Companies
VITAL-CHEM ZHUHAI CO., LTD., ATP Glycyrrhizinate Center, Beijing Natural Origin Biological Technology, cnlfsz co.,ltd., Sinopro, Baoji Jinsen Pharmaceutical Company
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Tripotassium Glycyrrhizinate Market Report Segments:
The global Tripotassium Glycyrrhizinate 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 & Beverage, Nutrition, Pharmaceutical, 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:
- VITAL-CHEM ZHUHAI CO., LTD.
- ATP Glycyrrhizinate Center
- Beijing Natural Origin Biological Technology
- cnlfsz co.,ltd.
- Sinopro
- Baoji Jinsen Pharmaceutical Company
Highlights of The Tripotassium Glycyrrhizinate 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 & Beverage
- Nutrition
- Pharmaceutical
- 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 Tripotassium Glycyrrhizinate 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?
Tripotassium glycyrrhizinate is a natural extract from the root of Glycyrrhiza glabra, which has been used in traditional medicine for centuries to treat conditions such as diabetes and hypertension. It is also known to improve cognitive function and reduce inflammation.
Some of the major players in the tripotassium glycyrrhizinate market are VITAL-CHEM ZHUHAI CO., LTD., ATP Glycyrrhizinate Center, Beijing Natural Origin Biological Technology, cnlfsz co.,ltd., Sinopro, Baoji Jinsen Pharmaceutical Company.
The tripotassium glycyrrhizinate 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 Tripotassium Glycyrrhizinate 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 Tripotassium Glycyrrhizinate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Tripotassium Glycyrrhizinate 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 Tripotassium Glycyrrhizinate 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 Tripotassium Glycyrrhizinate Market Size & Forecast, 2020-2028 4.5.1 Tripotassium Glycyrrhizinate Market Size and Y-o-Y Growth 4.5.2 Tripotassium Glycyrrhizinate 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 & Beverage
6.2.2 Nutrition
6.2.3 Pharmaceutical
6.2.4 Cosmetics
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tripotassium Glycyrrhizinate 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 Tripotassium Glycyrrhizinate 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 & Beverage
9.10.2 Nutrition
9.10.3 Pharmaceutical
9.10.4 Cosmetics
9.10.5 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 & Beverage
10.10.2 Nutrition
10.10.3 Pharmaceutical
10.10.4 Cosmetics
10.10.5 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 & Beverage
11.10.2 Nutrition
11.10.3 Pharmaceutical
11.10.4 Cosmetics
11.10.5 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 & Beverage
12.10.2 Nutrition
12.10.3 Pharmaceutical
12.10.4 Cosmetics
12.10.5 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 & Beverage
13.10.2 Nutrition
13.10.3 Pharmaceutical
13.10.4 Cosmetics
13.10.5 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 Tripotassium Glycyrrhizinate Market: Competitive Dashboard
14.2 Global Tripotassium Glycyrrhizinate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VITAL-CHEM ZHUHAI CO., LTD.
14.3.2 ATP Glycyrrhizinate Center
14.3.3 Beijing Natural Origin Biological Technology
14.3.4 cnlfsz co.,ltd.
14.3.5 Sinopro
14.3.6 Baoji Jinsen Pharmaceutical Company