Licorice Extract Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027

The Licorice Extract Market size is expected to grow at an annual average of 5% during 2021-2027. Licorice is also known as Licorice or Glycyrrhizaglabra. Extracts are obtained from the root of this medicinal plant. Extracts from the root of licorice have fragrant and sweet properties. This plant is native to North Africa, Western Asia and Southern Europe. Much of the sweetness in licorice extract comes from a sweetening compound called glycyrrhizin, which is about 30 to 50 times sweeter than sugar. Licorice is commonly grown in Afghanistan, India, China, Italy, Iran, Pakistan, Azerbaijan, Turkmenistan, Uzbekistan, Turkey and Iraq. It is widely used in pharmaceutical, cosmetic, food and beverage and tobacco industries.

The following segmentation are covered in this report:

By Application

• Food & Beverages
• Pharmaceutical
• Tobacco
• Others

By Product Type

• Food Grade
• Feed Grade
• Pharmaceutical Grade

By Form

• Powder
• Liquid
• Block

Company Profile

• Norevo GmbH
• FC Licorice
• MAFCO Worldwide LLC
• Zagros Licorice Co.
• Sepidan Osareh Co.
• Naturex SA(Givaudan)
• VPL Chemicals
• Aseh Co.

Scope of the report

The research study analyses the Licorice Extract Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North america market size and/or volume
• Latin america market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Licorice Extract Market Report

• What was the Licorice Extract Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
• What will be the CAGR of Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Licorice Extract Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.