Licorice Extract - Global Market Outlook (2017-2023)

Licorice Extract - Global Market Outlook (2017-2023)

  • Published: September 2017
  • ID: SMRC16735

According to Stratistics MRC, the Global Licorice Extract market is expected to grow from $1650.25 million in 2016 to reach $2378.95 million by 2023 with a CAGR of 5.3%. Rising demand for plant based sweeteners, increasing demand for the uptake of natural ingredients in medical products and awareness about sugar free products and health fitness among the consumers are the major factors propelling the market growth. The key players in the market are currently focusing on various research and development activities to develop new products in order to meet the demand for sugar-free products. The market has huge opportunities with the implementation of herbal medicines in developed economies.

By application, the pharmaceutical segment holds the largest revenue owing to its medicinal benefits such as prevention of cancer. In addition, rising applications of licorice extracts in pharmaceuticals is expected to increase the growth of this segment. Food and Beverages is the fastest growing segment and is expected to remain the same in upcoming years.

Geographically, Europe holds the largest market share owing to shift in consumer preferences towards consumption of natural and plant based ingredients. Licorice extract in European countries is used to produce Mono Ammonium Glycyrrhizinate (MAG), a masking agent used in products sweetened by Stevie which is further expected to support the market growth in this region. Germany is the largest importer of licorice extracts followed by U.K and Italy.

Some of the key players in the licorice extract market are Mafco Worldwide LLC, Norevo GmbH, ASEH Licorice MFG & Exp. Co, Zagros Licorice Co, F&C Licorice Ltd, Zelang Group, Aushadhi Herba, VPL Chemicals PVT Ltd, Ransom Naturals Ltd, Alfarid Corporation, SepidanOsareh Co, Bioland, Maruzen Pharmaceuticals Co. Ltd and Nutra Green.

Grades Covered:
• Food Grade
• Pharmaceutical Grade
• Feed Grade

Products Covered:
• Flavonoids
• Glycyrrhizin
• Glycyrrhizinate
 
Forms Covered:
• Semi-Fluid/Liquid
• Block
• Powder

Applications Covered:
• Tobacco
• Pharmaceutical
• Cosmetics
• Food and Beverage
• Other Applications 

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary    
      
2 Preface 
    
 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
      
3 Market Trend Analysis   

 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats    
 3.6 Product Analysis   
 3.7 Application Analysis  
 3.8 Emerging Markets   
 3.9 Futuristic Market Scenario  
      
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry   
      
5 Global Licorice Extract Market, By Grade  
 5.1 Introduction   
 5.2 Food Grade   
 5.3 Pharmaceutical Grade  
 5.4 Feed Grade   
      
6 Global Licorice Extract Market, By Product 
 6.1 Introduction   
 6.2 Flavonoids   
 6.3 Glycyrrhizin   
 6.4 Glycyrrhizinate   
             
7 Global Licorice Extract Market, By Form  
 7.1 Introduction   
 7.2 Semi-Fluid/Liquid    
 7.3 Block    
 7.4 Powder    
      
8 Global Licorice Extract Market, By Application 
 8.1 Introduction   
 8.2 Tobacco    
 8.3 Pharmaceutical   
 8.4 Cosmetics   
 8.5 Food and Beverage   
 8.6 Other Applications    
      
9 Global Licorice Extract Market, By Geography 
 9.1 Introduction   
 9.2 North America   
  9.2.1 US   
  9.2.2 Canada   
  9.2.3 Mexico   
 9.3 Europe    
  9.3.1 Germany   
  9.3.2 UK   
  9.3.3 France   
  9.3.4 Italy   
  9.3.5 Spain   
  9.3.6 Rest of Europe  
 9.4 Asia Pacific   
  9.4.1 Japan   
  9.4.2 China   
  9.4.3 India   
  9.4.4 Australia   
  9.4.5 New Zealand  
  9.4.6 South Korea  
  9.4.7 Rest of Asia Pacific  
 9.5 South America   
  9.5.1 Argentina  
  9.5.2 Brazil   
  9.5.3 Chile   
  9.5.4 Rest of South America 
 9.6 Middle East & Africa  
  9.6.1 Saudi Arabia  
  9.6.2 UAE   
  9.6.3 Qatar   
  9.6.4 South Africa  
  9.6.5 Rest of Middle East & Africa 
      
10 Key Developments    
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers  
 10.3 New Product Launch  
 10.4 Expansions   
 10.5 Other Key Strategies  
      
11 Company Profiles    
 11.1 Mafco Worldwide LLC  
 11.2 Norevo GmbH   
 11.3 ASEH Licorice MFG & Exp. Co  
 11.4 Zagros Licorice Co   
 11.5 F&C Licorice Ltd   
 11.6 Zelang Group   
 11.7 Aushadhi Herba   
 11.8 VPL Chemicals PVT Ltd  
 11.9 Ransom Naturals Ltd  
 11.10 Alfarid Corporation   
 11.11 SepidanOsareh Co   
 11.12 Bioland    
 11.13 Maruzen Pharmaceuticals Co. Ltd 
 11.14 Nutra Green   


List of Tables     
1 Global Licorice Extract Market Analysis, By Region (2014-2023) ($MN)
2 Global Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
3 Global Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
4 Global Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
5 Global Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
6 Global Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
7 Global Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
8 Global Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
9 Global Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
10 Global Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
11 Global Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
12 Global Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
13 Global Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
14 Global Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
15 Global Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
16 Global Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
17 Global Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
18 Global Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
19 Global Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)
20 North America Licorice Extract Market Analysis, By Country (2014-2023) ($MN)
21 North America Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
22 North America Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
23 North America Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
24 North America Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
25 North America Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
26 North America Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
27 North America Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
28 North America Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
29 North America Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
30 North America Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
31 North America Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
32 North America Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
33 North America Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
34 North America Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
35 North America Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
36 North America Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
37 North America Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
38 North America Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)
39 Europe Licorice Extract Market Analysis, By Country (2014-2023) ($MN)
40 Europe Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
41 Europe Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
42 Europe Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
43 Europe Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
44 Europe Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
45 Europe Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
46 Europe Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
47 Europe Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
48 Europe Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
49 Europe Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
50 Europe Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
51 Europe Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
52 Europe Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
53 Europe Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
54 Europe Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
55 Europe Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
56 Europe Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
57 Europe Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)
58 Asia Pacific Licorice Extract Market Analysis, By Country (2014-2023) ($MN)
59 Asia Pacific Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
60 Asia Pacific Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
61 Asia Pacific Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
62 Asia Pacific Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
63 Asia Pacific Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
64 Asia Pacific Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
65 Asia Pacific Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
66 Asia Pacific Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
67 Asia Pacific Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
68 Asia Pacific Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
69 Asia Pacific Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
70 Asia Pacific Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
71 Asia Pacific Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
72 Asia Pacific Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
73 Asia Pacific Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
74 Asia Pacific Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
75 Asia Pacific Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
76 Asia Pacific Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)
77 South America Licorice Extract Market Analysis, By Country (2014-2023) ($MN)
78 South America Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
79 South America Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
80 South America Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
81 South America Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
82 South America Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
83 South America Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
84 South America Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
85 South America Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
86 South America Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
87 South America Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
88 South America Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
89 South America Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
90 South America Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
91 South America Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
92 South America Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
93 South America Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
94 South America Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
95 South America Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)
96 Middle East & Africa Licorice Extract Market Analysis, By Country (2014-2023) ($MN)
97 Middle East & Africa Licorice Extract Market Analysis, By Grade (2014-2023) ($MN)
98 Middle East & Africa Licorice Extract Market Analysis, By Food Grade (2014-2023) ($MN)
99 Middle East & Africa Licorice Extract Market Analysis, By Pharmaceutical Grade (2014-2023) ($MN)
100 Middle East & Africa Licorice Extract Market Analysis, By Feed Grade (2014-2023) ($MN)
101 Middle East & Africa Licorice Extract Market Analysis, By Product (2014-2023) ($MN)
102 Middle East & Africa Licorice Extract Market Analysis, By Flavonoids (2014-2023) ($MN)
103 Middle East & Africa Licorice Extract Market Analysis, By Glycyrrhizin (2014-2023) ($MN)
104 Middle East & Africa Licorice Extract Market Analysis, By Glycyrrhizinate (2014-2023) ($MN)
105 Middle East & Africa Licorice Extract Market Analysis, By Form (2014-2023) ($MN)
106 Middle East & Africa Licorice Extract Market Analysis, By Semi-Fluid/Liquid (2014-2023) ($MN)
107 Middle East & Africa Licorice Extract Market Analysis, By Block (2014-2023) ($MN)
108 Middle East & Africa Licorice Extract Market Analysis, By Powder (2014-2023) ($MN)
109 Middle East & Africa Licorice Extract Market Analysis, By Application (2014-2023) ($MN)
110 Middle East & Africa Licorice Extract Market Analysis, By Tobacco (2014-2023) ($MN)
111 Middle East & Africa Licorice Extract Market Analysis, By Pharmaceutical (2014-2023) ($MN)
112 Middle East & Africa Licorice Extract Market Analysis, By Cosmetics (2014-2023) ($MN)
113 Middle East & Africa Licorice Extract Market Analysis, By Food and Beverage (2014-2023) ($MN)
114 Middle East & Africa Licorice Extract Market Analysis, By Other Applications (2014-2023) ($MN)

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