Licorice Root Global Market Report 2024

Licorice Root Global Market Report 2024 – By Product Type (Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour), By Product Form ( Roots, Extracts), By Grade Type (Essential Standard Malt, Caramelized Malt, Roasted Malt), By Function Type (Performance Enhancers, Palatability Enhancers), By End User (Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements) – Market Size, Trends, And Global Forecast 2024-2033

Name: Licorice Root Global Market Report 2024
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Licorice Root Global Market Report 2024

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Licorice Root Market Definition

Licorice root is the root of the Glycyrrhiza glabra plant, which is native to Europe and Asia. It contains a compound called glycyrrhizin, which is responsible for its sweet flavor and many of its medicinal properties. Licorice root is often used to treat digestive issues such as indigestion, heartburn, and gastritis. It can help soothe the lining of the stomach and intestines.

The main product types of licorice root are essential oils, liquid malt extract, oleoresins, herbs and spices dry malt extract, and malt flour. Roots refer to the underground parts of plants, the origins or sources of things, anatomical structures, linguistic elements, mathematical concepts, and musical foundations. The product forms includes roots, and extracts with different grade types such as essential standard malt, caramelized malt, and roasted malt. The various function types include performance enhancers and palatability enhancers. These are used by various end users such as the food and beverage industry, tobacco industry, pharmaceutical industry, cosmetic industry, dietary supplements.

Licorice Root Market Segmentation

The licorice root market covered in this report is segmented –

1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour

2) By Product Form: Roots, Extracts

3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt

4) By Function Type: Performance Enhancers, Palatability Enhancers

5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements

Global Licorice Root Market Size 2023 to 2028: Graph

Licorice Root Market Size 2024 And Growth Rate

The licorice root market size has grown strongly in recent years. It will grow from $2.83 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in the preference for healthy tea among consumers, increase in the use of licorice root in the food and beverage sector, Increased use in traditional medicine systems, popular ingredient in the confectionery industry, demand in pharmaceutical formulations.

Licorice Root Market Growth Forecast

The licorice root market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing use of licorice root as a natural sweetener in food and beverages, rising health and wellness trends, growing nutraceutical industry, increased use in skincare and cosmetics, and rising focus on sustainability and ethical sourcing practices. Major trends in the forecast period include advancements in extraction technologies, introducing innovative flavor variations of root beer, innovations in herbal supplements, research and development increases the adoption of licorice root, and innovation in product formulations.

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Licorice Root Market Driver: Rising Demand For Natural And Organic Products Driving Growth In The Licorice Root Market

The rising demand for natural and herbal remedies is expected to propel the growth of the licorice root market going forward. Natural and herbal remedies refer to treatments and health practices that use plant-based substances, natural compounds, and traditional healing methods to promote health and treat various ailments. The use of natural and herbal remedies involves employing plant-based substances and natural compounds to promote health, treat diseases, and maintain overall well-being. Licorice root enhances organic products by offering natural sweetness, medicinal benefits, and skincare advantages and aligning with sustainable and ethical farming practices. For instance, in August 2021, according to a report published by The Journal of the American Botanical Council, a US-based organization responsible for information on medicinal plants and herbs, In the United States, yearly retail sales of herbal dietary supplements surpassed $10 billion in 2020, with sales of $11.26 billion in 2020, up 17.3% from 2019. Therefore, the rising demand for natural and herbal remedies drives the licorice root market.

Global Licorice Root Market Major Players

Major companies operating in the licorice root market are S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co Ltd., American Licorice Company, Beloorbayir Biotech Ltd., Geo Fresh Organic Privated Limited, Nanjing Zelang Medical Technology Co. Ltd., jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd., Athos Lifesciences Pvt. Ltd., Bio-Gate AG, PharmaCompass, Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd

Global Licorice Root Market Trend: Innovative Licorice Root Products With Companies Develop Authentic Offerings To Differentiate And Meet Modern Wellness Trends

Major companies operating in the licorice root market are focused on obtaining authentic licorice root products to enhance product differentiation in a competitive market and provide unique flavors and health benefits that align with modern wellness trends. Authentic licorice root products faithfully use real licorice root or its pure extracts, uphold traditional and natural preparation methods, and maintain high-quality standards, transparency, and health benefits. For instance, in July 2022, Lakrids by Bülow, a Denmark-based company that manufactures licorice root, launched LAEMON- Mellow Yellow. These are made with high-quality, natural ingredients that include licorice root. The LAEMON product combines salty licorice with the fresh flavor of lemon. The licorice core is swirled in white chocolate, cream, and vanilla to balance sweetness, sourness, and saltiness.

Licorice Root Market Merger And Acquisition: Theo Chocolate Merges With American Licorice Company To Overcome Challenges And Enhance Organic Offerings

In June 2023, Theo Chocolate, a US-based Seattle-based chocolate company, announced a merger with American Licorice Company. The merger with American Licorice Company provides Theo Chocolate with a strategic partner to navigate rising costs and operational challenges while allowing the brand to continue its mission of delivering high-quality organic chocolate. American Licorice Company is a US-based company that manufactures licorice root products.

Regional Insights For The Global Licorice Root Market

North America was the largest region in the licorice root market in 2023. The regions covered in the licorice root market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the licorice root market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The licorice root market consists of the sales of glycyrrhiza glabra, glycyrrhiza uralensis, and glycyrrhiza inflata. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The licorice root market research report is one of a series of new reports from The Business Research Company that provides licorice root market statistics, including licorice root industry global market size, regional shares, competitors with a licorice root market share, detailed licorice root market segments, market trends, and opportunities, and any further data you may need to thrive in the licorice root industry. This licorice market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Licorice Root Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$3.04 billion
Revenue Forecast In 2033	$4.09 billion
Growth Rate	CAGR of 7.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour 2) By Product Form: Roots, Extracts 3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt 4) By Function Type: Performance Enhancers, Palatability Enhancers 5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplements
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co Ltd., American Licorice Company, Beloorbayir Biotech Ltd., Geo Fresh Organic Privated Limited, Nanjing Zelang Medical Technology Co. Ltd., jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd., Athos Lifesciences Pvt. Ltd., Bio-Gate AG, PharmaCompass, Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Licorice Root Market Characteristics

3. Licorice Root Market Trends And Strategies

4. Licorice Root Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Licorice Root Market Size and Growth

5.1. Global Licorice Root Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Licorice Root Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Licorice Root Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Licorice Root Market Segmentation

6.1. Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Essential Oils

Liquid Malt Extract

Oleoresins

Herbs And Spices Dry Malt Extract

Malt Flour

6.2. Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Roots

Extracts

6.3. Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Essential Standard Malt

Caramelized Malt

Roasted Malt

6.4. Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Performance Enhancers

Palatability Enhancers

6.5. Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Food And Beverage Industry

Tobacco Industry

Pharmaceutical Industry

Cosmetic Industry

Dietary Supplements

7. Licorice Root Market Regional And Country Analysis

7.1. Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Licorice Root Market

8.1. Asia-Pacific Licorice Root Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Licorice Root Market

9.1. China Licorice Root Market Overview

9.2. China Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Licorice Root Market

10.1. India Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Licorice Root Market

11.1. Japan Licorice Root Market Overview

11.2. Japan Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Licorice Root Market

12.1. Australia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Licorice Root Market

13.1. Indonesia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Licorice Root Market

14.1. South Korea Licorice Root Market Overview

14.2. South Korea Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Licorice Root Market

15.1. Western Europe Licorice Root Market Overview

15.2. Western Europe Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Licorice Root Market

16.1. UK Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Licorice Root Market

17.1. Germany Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Licorice Root Market

18.1. France Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Licorice Root Market

19.1. Italy Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Licorice Root Market

20.1. Spain Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Licorice Root Market

21.1. Eastern Europe Licorice Root Market Overview

21.2. Eastern Europe Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Licorice Root Market

22.1. Russia Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Licorice Root Market

23.1. North America Licorice Root Market Overview

23.2. North America Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Licorice Root Market

24.1. USA Licorice Root Market Overview

24.2. USA Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Licorice Root Market

25.1. Canada Licorice Root Market Overview

25.2. Canada Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Licorice Root Market

26.1. South America Licorice Root Market Overview

26.2. South America Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Licorice Root Market

27.1. Brazil Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Licorice Root Market

28.1. Middle East Licorice Root Market Overview

28.2. Middle East Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Licorice Root Market

29.1. Africa Licorice Root Market Overview

29.2. Africa Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Licorice Root Market Competitive Landscape And Company Profiles

30.1. Licorice Root Market Competitive Landscape

30.2. Licorice Root Market Company Profiles

30.2.1. S.r Organic

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Sarv Biolabs Pvt Ltd

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Finzelberg GmbH & Co. KG

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Maruzen Pharmaceuticals Co Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. American Licorice Company

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Licorice Root Market Other Major And Innovative Companies

31.1. Beloorbayir Biotech Ltd.

31.2. Geo Fresh Organic Privated Limited

31.3. Nanjing Zelang Medical Technology Co. Ltd.

31.4. jiangsu Tiansheng Pharmaceutical Co. Ltd.

31.5. Mafco Worldwide LLC

31.6. Norevo GmbH

31.7. VPL Chemicals Pvt Ltd.

31.8. Athos Lifesciences Pvt. Ltd.

31.9. Bio-Gate AG

31.10. PharmaCompass

31.11. Ransom Naturals Ltd.

31.12. ASEH Licorice MFG & Exp. Co

31.13. Rainbow Expochem Company

31.14. Windson Organic Pvt Ltd

31.15. F&C Licorice Ltd.

32. Global Licorice Root Market Competitive Benchmarking

33. Global Licorice Root Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Licorice Root Market

35. Licorice Root Market Future Outlook and Potential Analysis

35.1 Licorice Root Market In 2028 - Countries Offering Most New Opportunities

35.2 Licorice Root Market In 2028 - Segments Offering Most New Opportunities

35.3 Licorice Root Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: Asia-Pacific, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: China, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: India, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Japan, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Australia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: Indonesia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: South Korea, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Western Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: UK, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: Germany, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: France, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Italy, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Spain, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Eastern Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: Russia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: North America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: USA, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: Canada, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: South America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Brazil, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Middle East, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Africa, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 76: S.r Organic Financial Performance

Table 77: Sarv Biolabs Pvt Ltd Financial Performance

Table 78: Finzelberg GmbH & Co. KG Financial Performance

Table 79: Maruzen Pharmaceuticals Co Ltd. Financial Performance

Table 80: American Licorice Company Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Licorice Root Market, Segmentation By Grade Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Licorice Root Market, Segmentation By Function Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Licorice Root Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Global Licorice Root Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: Asia-Pacific, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: China, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: India, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Japan, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Australia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: Indonesia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: South Korea, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Western Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: UK, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: Germany, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: France, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Italy, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Spain, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Eastern Europe, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: Russia, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: North America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: USA, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: Canada, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: South America, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Brazil, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Middle East, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Licorice Root Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Licorice Root Market, Segmentation By Product Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Africa, Licorice Root Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 76: S.r Organic Financial Performance

Figure 77: Sarv Biolabs Pvt Ltd Financial Performance

Figure 78: Finzelberg GmbH & Co. KG Financial Performance

Figure 79: Maruzen Pharmaceuticals Co Ltd. Financial Performance

Figure 80: American Licorice Company Financial Performance

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Frequently Asked Questions

What is the definition of the licorice root market?

How will the licorice root market drivers and restraints affect the licorice root market dynamics? What forces will shape the licorice root industry going forward?

The licorice root market major growth driver - Rising Demand For Natural And Organic Products Driving Growth In The Licorice Root Market. For further insights on the licorice root market, request a sample here

What is the forecast market size or the forecast market value of the licorice root market?

The licorice root market size has grown strongly in recent years. It will grow from $2.83 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in the preference for healthy tea among consumers, increase in the use of licorice root in the food and beverage sector, Increased use in traditional medicine systems, popular ingredient in the confectionery industry, demand in pharmaceutical formulations. The licorice root market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing use of licorice root as a natural sweetener in food and beverages, rising health and wellness trends, growing nutraceutical industry, increased use in skincare and cosmetics, and rising focus on sustainability and ethical sourcing practices. Major trends in the forecast period include advancements in extraction technologies, introducing innovative flavor variations of root beer, innovations in herbal supplements, research and development increases the adoption of licorice root, and innovation in product formulations. For further insights on the licorice root market, request a sample here

How is the licorice root market segmented?

The licorice root market is segmented
1) By Product Type: Essential Oils, Liquid Malt Extract, Oleoresins, Herbs And Spices Dry Malt Extract, Malt Flour
2) By Product Form: Roots, Extracts
3) By Grade Type: Essential Standard Malt, Caramelized Malt, Roasted Malt
4) By Function Type: Performance Enhancers, Palatability Enhancers
5) By End User: Food And Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary SupplementsFor further insights on the licorice root market, request a sample here

Which region has the largest share of the licorice root market? What are the other regions covered in the report?

North America was the largest region in the licorice root market in 2023. The regions covered in the licorice root market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the licorice root market, request a sample here.

Who are the major players in the licorice root market?

What are the key trends in the licorice root market?

Major trend in the licorice root market - Innovative Licorice Root Products With Companies Develop Authentic Offerings To Differentiate And Meet Modern Wellness Trends. For further insights on the licorice root market, request a sample here.

What are the major opportunities in the licorice root market? What are the strategies for the licorice root market?

For detailed insights on the major opportunities and strategies in the licorice root market, request a sample here.

How does the licorice root market relate to the overall economy and other similar markets?

For detailed insights on licorice root market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the licorice root industry?

For detailed insights on the mergers and acquisitions in the licorice root industry, request a sample here.

What are the key dynamics influencing the licorice root market growth? SWOT analysis of the licorice root market.

For detailed insights on the key dynamics influencing the licorice root market growth and SWOT analysis of the licorice root industry, request a sample here.