Market Overview:
The global trisodium glycyrrhizinate (Cas 71277-78-6) market is expected to register a CAGR of 5.5% during the forecast period, 2018–2030. The food grade segment is projected to be the fastest growing segment in the global trisodium glycyrrhizinate (Cas 71277-78-6) market, owing to its increasing demand from the food and beverage industry. In terms of volume, Asia Pacific is estimated to account for the majority share of the global trisodium glycyrrhizinate (Cas 71277-78-6) market in 2018. The industrial grade segment accounted for a major share of the global trisodium glycyrrhizinate (Cas 71277-78-6) market in 2017 and is projected to grow at a moderate pace during the forecast period. The pharmaceuticals application segment dominated this market in 2017 and is anticipated to grow at a significant rate over next few years due rising prevalence of various diseases across different geographies.
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Product Definition:
Trisodium glycyrrhizinate is a compound that is extracted from licorice root. It has sweetening and flavoring properties, and it is also used as an emulsifier and stabilizer.
Food Grade:
Food grade is the final product after food & beverage processing industry uses it to process and make products edible for human consumption. It is a mixture of water, salt, sugar, protein (if any), colorants (if any) and flavoring agents. Food grade can be used in various applications such as bakery products, dairy items like cheese & butter; meat & poultry items; confectionery; beverages like milk tea or coffee etc.
Industrial Grade:
Industrial-grade is a high purity form of trisodium glycyrrhizinate (TNG). It has been manufactured according to the highest quality standards by using advanced technology and procedures. Industrial grade TNG is used as an active ingredient in various industries including food, feed, pharmaceuticals & chemical.
The industrial-grade product finds application in numerous products such as flavor & fragrance industry, personal care products manufacturing and cosmetics among others.
Application Insights:
Food and beverage was the largest application segment in 2017. It is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its rising use in processed food products, bakery and confectionery items, dairy products, meat products, and beverages such as wine coolers and soft drinks. Glycyrrhizinate has anti-inflammatory properties which help reduce swelling & irritation caused by acute injuries. These factors are likely to promote its application in the treatment of sports injuries along with other herbs such as echinacea purpurea (cone flower) that have been traditionally used for this purpose since ancient times.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for natural products in this region. China, India, Japan and South Korea are the major markets in Asia Pacific that will fuel growth over the forecast period. The presence of a large number of pharmaceutical and biopharmaceutical companies has led to an increase in demand for Glycyrrhizinate as it is used as a raw material for manufacturing medicines including anti-cancer drugs, immunosuppressants, contraceptives and blood pressure medications among others.
North America accounted for 24% share of global revenue in 2017 on account of high product consumption by end-use industries such as food processing & packaging; nutraceuticals; pharmaceuticals; cosmetics among others which are likely to drive industry expansion over the coming years.
Growth Factors:
- Increasing demand for natural sweeteners as an alternative to artificial sweeteners
- Rising awareness about the health benefits of trisodium glycyrrhizinate
- Growing popularity of functional foods and beverages that contain trisodium glycyrrhizinate
- Increasing use of trisodium glycyrrhizinate in personal care products and cosmetics
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Trisodium Glycyrrhizinate (Cas 71277-78-6) Market Research Report
By Type
Food Grade, Industrial Grade
By Application
Food and Beverage, Industrial, Pharmaceutical, Others
By Companies
Vital-Chem Zhuhai, Tiansheng Pharmaceutical, Fanzhi Group, Xinjiang Kunlunshengnong, Alps Pharmaceutical, Shaanxi Fujie Pharmaceutical, Gansu Yalan Pharmaceutical, Shaanxi Pioneer Biotech Co., Ltd, Hubei Mackays Fine Chemical Technology Co., Ltd.
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Trisodium Glycyrrhizinate (Cas 71277-78-6) Market Report Segments:
The global Trisodium Glycyrrhizinate (Cas 71277-78-6) market is segmented on the basis of:
Types
Food Grade, Industrial 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
Food and Beverage, Industrial, Pharmaceutical, 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:
- Vital-Chem Zhuhai
- Tiansheng Pharmaceutical
- Fanzhi Group
- Xinjiang Kunlunshengnong
- Alps Pharmaceutical
- Shaanxi Fujie Pharmaceutical
- Gansu Yalan Pharmaceutical
- Shaanxi Pioneer Biotech Co., Ltd
- Hubei Mackays Fine Chemical Technology Co., Ltd.
 Market Overview.svg)
Highlights of The Trisodium Glycyrrhizinate (Cas 71277-78-6) 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:
- Food Grade
- Industrial Grade
- By Application:
- Food and Beverage
- Industrial
- Pharmaceutical
- 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 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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
 Market Statistics.svg)
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?
Trisodium glycyrrhizinate is a natural compound found in licorice root. It is a type of sugar molecule that helps the body to break down food and has anti-inflammatory properties.
Some of the major companies in the trisodium glycyrrhizinate (cas 71277-78-6) market are Vital-Chem Zhuhai, Tiansheng Pharmaceutical, Fanzhi Group, Xinjiang Kunlunshengnong, Alps Pharmaceutical, Shaanxi Fujie Pharmaceutical, Gansu Yalan Pharmaceutical, Shaanxi Pioneer Biotech Co., Ltd, Hubei Mackays Fine Chemical Technology Co., Ltd..
The trisodium glycyrrhizinate (cas 71277-78-6) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Trisodium Glycyrrhizinate (Cas 71277-78-6) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Trisodium Glycyrrhizinate (Cas 71277-78-6) Market Size & Forecast, 2020-2028
4.5.1 Trisodium Glycyrrhizinate (Cas 71277-78-6) Market Size and Y-o-Y Growth
4.5.2 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Food Grade
5.2.2 Industrial Grade
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 and Beverage
6.2.2 Industrial
6.2.3 Pharmaceutical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Trisodium Glycyrrhizinate (Cas 71277-78-6) 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 Food Grade
9.6.2 Industrial 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 Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Industrial
9.10.3 Pharmaceutical
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 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 Food Grade
10.6.2 Industrial 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 Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Industrial
10.10.3 Pharmaceutical
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 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 Food Grade
11.6.2 Industrial 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 Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Industrial
11.10.3 Pharmaceutical
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 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 Food Grade
12.6.2 Industrial 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 Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Industrial
12.10.3 Pharmaceutical
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) 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 Food Grade
13.6.2 Industrial 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) Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Industrial
13.10.3 Pharmaceutical
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 Trisodium Glycyrrhizinate (Cas 71277-78-6) Market: Competitive Dashboard
14.2 Global Trisodium Glycyrrhizinate (Cas 71277-78-6) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vital-Chem Zhuhai
14.3.2 Tiansheng Pharmaceutical
14.3.3 Fanzhi Group
14.3.4 Xinjiang Kunlunshengnong
14.3.5 Alps Pharmaceutical
14.3.6 Shaanxi Fujie Pharmaceutical
14.3.7 Gansu Yalan Pharmaceutical
14.3.8 Shaanxi Pioneer Biotech Co., Ltd
14.3.9 Hubei Mackays Fine Chemical Technology Co., Ltd.
