Licorice Extract Market Insights by Growing Trends and Demands Analysis to 2028

Jun 05, 2023

The Global Licorice Extract Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth include rising awareness among consumers regarding the health benefits of licorice extract.

Liquorice, or Glycyrrhizaglabra, is another name for Licorice. Licorice extract comes from wild and organically growing licorice roots found in Central Asia, China, and Mediterranean. These extracts, which are extracted from licorice roots are available in powdered or liquid form, and are used in medicines. Boiling licorice roots (Glycyrrhiza glabra), a plant native to Mediterranean region, produces the extract. It is utilized as a sweetener and flavoring agent in addition to herbal remedies. Anti-inflammatory, antiviral, and detoxifying properties are all present in extract.

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Top Leading Players in Licorice Extract Market:

Some Driving Factors of Licorice Extract Market:

Licorice Extract Market Segmentation:

Type Outlook (Revenue, USD Billion; 2018-2028)

Form Outlook (Revenue, USD Billion; 2018-2028)

Application Outlook (Revenue, USD Billion; 2018-2028)

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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