Licorice Extract Market
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<strong>Licorice</strong> <strong>Extract</strong> <strong>Market</strong>- Global Industry Insight,<br />
Trends, Outlook, and Opportunity Analysis 2017-<br />
2025<br />
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REPORT DESCRIPTION<br />
<strong>Licorice</strong> <strong>Extract</strong> <strong>Market</strong> Overview<br />
<strong>Licorice</strong> extracts derived from licorice roots are used as in medicines and is available in powdered or liquid form.<br />
The extract is produced by boiling licorice roots (Glycyrrhiza glabra), which is a plant native to the Mediterranean<br />
region. Apart from herbal medicines it is used as a sweetener and flavoring agent. The extract has antiinflammatory,<br />
antiviral, and detoxification properties. It is widely used in the food industry as the extract is<br />
almost 50 times sweeter as compared to sugar. Increasing demand for herbal medicines, plant-based sweeteners,<br />
and growing awareness related to sugar-free products is expected to drive growth of licorice extracts market<br />
during the forecast period.<br />
On the basis of product type licorice extracts market is segmented in food grade, feed grade, and pharmaceutical<br />
grade. The pharmaceutical grade segment is expected to hold dominant position in the market owing to large<br />
medicinal applications of the extracts along with increasing use in cancer prevention. Food grade segment is<br />
expected to accounts for a substantial market share in terms of revenue. Increasing use of licorice extracts in food<br />
industry and growing demand for natural ingredient is projected to boost growth of the licorice market. On the<br />
basis of application licorice extracts market is segmented into food & beverages, pharmaceutical, tobacco, and<br />
others. Pharmaceutical segment is expected to account for the largest revenue share over the forecast period, due<br />
to increasing use of licorice extracts in medicines.<br />
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REPORT DESCRIPTION<br />
Detailed Segmentation:<br />
Global <strong>Licorice</strong> <strong>Extract</strong>s <strong>Market</strong>, By Product Type:<br />
•<br />
Food Grade<br />
•<br />
Feed Grade<br />
•<br />
Pharmaceutical Grade<br />
Global <strong>Licorice</strong> <strong>Extract</strong>s <strong>Market</strong>, By Form Type:<br />
•<br />
Powder<br />
•<br />
Liquid<br />
•<br />
Block<br />
Global <strong>Licorice</strong> <strong>Extract</strong>s <strong>Market</strong>, By Application:<br />
•<br />
Food & Beverages<br />
•<br />
Pharmaceutical<br />
•<br />
Tobacco<br />
•<br />
Others<br />
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© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Market</strong> Dynamics<br />
Asia Pacific is expected to be dominant in the global market over the forecast period. This is mainly attributed to<br />
increasing demand for herbal medicines and in pharmaceuticals. In Europe, increasing consumer preference for<br />
natural ingredients in food and beverages drives growth of the licorice extracts market. Furthermore, demand for<br />
licorice from confectionery industry is also projected to witness significant growth owing to increasing consumer<br />
preference for sugar free items, driving growth of the licorice extract market. Also, growing production of MAG<br />
sweeteners and usage of licorice extracts in tobacco products is expected to boost growth of the market.<br />
Key features of the study:<br />
This report provides in-depth analysis of licorice extracts and provides market size (US$ Mn and Kilotons (KT))<br />
and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2016 as the<br />
base year<br />
It elucidates potential revenue opportunities across different segments and explains attractive investment<br />
proposition matrix for this market<br />
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