Market Summary

The Licorice Extract Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.

Key Report Highlights:

• Market size and projections
• Recent strategic moves by companies
• Primary stakeholders
• Import and export trends
• Competitive landscape assessment
• Emerging opportunities
• Market trends and indicators

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Market size and projections

The Global Licorice Extract Market Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28. 

Market Key Driver –

The market is poised to grow owing to the rising health concerns & prevalence of diseases like diabetes, celiac disease, and several other chronic ailments among the population across the globe. 

Competitive Landscape:

The report profiles key players in the Licorice Extract Market, including:

• Alfarid Corporation Limited
• AOS Products Pvt. Ltd.
• Avestia Pharma
• E. Roeper GmbH
• F&C Licorice Ltd.
• Herbochem
• Hyundai Bioland
• Mafco Worldwide LLC
• Maruzen Pharmaceuticals Co. Ltd.
• Norevo GmbH
• Shaanxi FUJIE Pharmaceutical Co. Ltd.
• VPL Chemicals Pvt Ltd.
• Beijing Gingko Group
• Glycyrrhiza Glabra Co. Ltd.
• Ransom Naturals Ltd.

These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.

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Licorice Extract Market Segmentation Analysis:

The market is segmented into the following categories:

By Product Type

• Food Grade
• Feed Grade
• Pharmaceutical Grade

Pharmaceutical Grade is anticipated to account for the majority of the share of the Global Licorice Extract Market Market during the forecast period.

By Form

• Powder
• Liquid
• Block

By End Users

• Food & Beverages
• Pharmaceutical
• Tobacco
• Others

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Asia-Pacific is projected to witness a rapid upgrade in the market & is poised to contribute to the substantial market share of the global industry. 

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Key Questions Covered in the Report:

1. What is the current size and value of the Licorice Extract Market?
2. How is the Licorice Extract Market expected to grow by 2028?
3. What key trends are shaping the future of the Licorice Extract Market?
4. What factors are driving demand in the Licorice Extract industry?
5. Which regions show the strongest growth in the Licorice Extract Market?
6. Who are the major players in the Licorice Extract Market and their strategies?
7. What segments are leading revenue generation in the Licorice Extract Market?
8. How are regulations influencing the Licorice Extract Market outlook?
9. What are the major challenges facing the Licorice Extract Market?
10. What new technologies are emerging in the Licorice Extract industry?
11. How is consumer behavior evolving in the Licorice Extract Market space?
12. What opportunities exist for new entrants in the Licorice Extract Market?
13. How does pricing vary across regions in the Licorice Extract Market?
14. What investment trends are impacting the Licorice Extract Market growth?
15. What is the forecasted CAGR for the Licorice Extract Market through 2028?

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