Licorice Root Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030
Licorice Root Market By Product Form (Powder, Roots, Extracts, Blocks, and Paste), By End-Use (Tobacco, Food & Beverage, Cosmetic, Healthcare, and Pharmaceutical), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 - 2030
Category: Food & Beverage Report Format : PDF
Pages: 203 Report Code: ZMR-3511
Published Date: Feb-2024 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 850 Million | USD 1,500 Million | 7.36% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Licorice Root Market, (2023 - 2030) (USD Million)
- 2.2 Global Licorice Root Market : snapshot
- Chapter 3. Global Licorice Root Market - Industry Analysis
- 3.1 Licorice Root Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Surging use of products in treatment of respiratory diseases to boost global market trends
- 3.3 Market Restraints
- 3.3.1. A large proportion of product intake causing hypertension can hinder the global industry surge by 2030
- 3.4 Market Opportunities
- 3.4.1. Humungous product penetration in food & beverages to shape the global market surge over 2023-2030
- 3.5 Market Challenges
- 3.5.1. Fluctuations in raw material prices impede the growth of the industry globally over the forecast period
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Form
- 3.7.2 Market attractiveness analysis By End-Use
- Chapter 4. Global Licorice Root Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Licorice Root Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Licorice Root Market - Product Form Analysis
- 5.1 Global Licorice Root Market overview: By Product Form
- 5.1.1 Global Licorice Root Market share, By Product Form, 2022 and 2030
- 5.2 Powder
- 5.2.1 Global Licorice Root Market by Powder, 2023 - 2030 (USD Million)
- 5.3 Roots
- 5.3.1 Global Licorice Root Market by Roots, 2023 - 2030 (USD Million)
- 5.4 Extracts
- 5.4.1 Global Licorice Root Market by Extracts, 2023 - 2030 (USD Million)
- 5.5 Blocks
- 5.5.1 Global Licorice Root Market by Blocks, 2023 - 2030 (USD Million)
- 5.6 Paste
- 5.6.1 Global Licorice Root Market by Paste, 2023 - 2030 (USD Million)
- 5.1 Global Licorice Root Market overview: By Product Form
- Chapter 6. Global Licorice Root Market - End-Use Analysis
- 6.1 Global Licorice Root Market overview: By End-Use
- 6.1.1 Global Licorice Root Market share, By End-Use, 2022 and 2030
- 6.2 Tobacco
- 6.2.1 Global Licorice Root Market by Tobacco, 2023 - 2030 (USD Million)
- 6.3 Food & Beverage
- 6.3.1 Global Licorice Root Market by Food & Beverage, 2023 - 2030 (USD Million)
- 6.4 Cosmetic
- 6.4.1 Global Licorice Root Market by Cosmetic, 2023 - 2030 (USD Million)
- 6.5 Healthcare
- 6.5.1 Global Licorice Root Market by Healthcare, 2023 - 2030 (USD Million)
- 6.6 Pharmaceutical
- 6.6.1 Global Licorice Root Market by Pharmaceutical, 2023 - 2030 (USD Million)
- 6.1 Global Licorice Root Market overview: By End-Use
- Chapter 7. Licorice Root Market - Regional Analysis
- 7.1 Global Licorice Root Market Regional Overview
- 7.2 Global Licorice Root Market Share, by Region, 2022 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Licorice Root Market, 2023 - 2030 (USD Million)
- 7.3.1.1 North America Licorice Root Market, by Country, 2023 - 2030 (USD Million)
- 7.3.1 North America Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4 North America Licorice Root Market, by Product Form, 2023 - 2030
- 7.4.1 North America Licorice Root Market, by Product Form, 2023 - 2030 (USD Million)
- 7.5 North America Licorice Root Market, by End-Use, 2023 - 2030
- 7.5.1 North America Licorice Root Market, by End-Use, 2023 - 2030 (USD Million)
- 7.4. Europe
- 7.4.2 Europe Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4.2.1 Europe Licorice Root Market, by Country, 2023 - 2030 (USD Million)
- 7.4.2 Europe Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4 Europe Licorice Root Market, by Product Form, 2023 - 2030
- 7.4.1 Europe Licorice Root Market, by Product Form, 2023 - 2030 (USD Million)
- 7.5 Europe Licorice Root Market, by End-Use, 2023 - 2030
- 7.5.1 Europe Licorice Root Market, by End-Use, 2023 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Licorice Root Market, 2023 - 2030 (USD Million)
- 7.5.3.1 Asia Pacific Licorice Root Market, by Country, 2023 - 2030 (USD Million)
- 7.5.3 Asia Pacific Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4 Asia Pacific Licorice Root Market, by Product Form, 2023 - 2030
- 7.4.1 Asia Pacific Licorice Root Market, by Product Form, 2023 - 2030 (USD Million)
- 7.5 Asia Pacific Licorice Root Market, by End-Use, 2023 - 2030
- 7.5.1 Asia Pacific Licorice Root Market, by End-Use, 2023 - 2030 (USD Million)
- 7.6. Latin America
- 7.6.4 Latin America Licorice Root Market, 2023 - 2030 (USD Million)
- 7.6.4.1 Latin America Licorice Root Market, by Country, 2023 - 2030 (USD Million)
- 7.6.4 Latin America Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4 Latin America Licorice Root Market, by Product Form, 2023 - 2030
- 7.4.1 Latin America Licorice Root Market, by Product Form, 2023 - 2030 (USD Million)
- 7.5 Latin America Licorice Root Market, by End-Use, 2023 - 2030
- 7.5.1 Latin America Licorice Root Market, by End-Use, 2023 - 2030 (USD Million)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Licorice Root Market, 2023 - 2030 (USD Million)
- 7.7.5.1 The Middle-East and Africa Licorice Root Market, by Country, 2023 - 2030 (USD Million)
- 7.7.5 The Middle-East and Africa Licorice Root Market, 2023 - 2030 (USD Million)
- 7.4 The Middle-East and Africa Licorice Root Market, by Product Form, 2023 - 2030
- 7.4.1 The Middle-East and Africa Licorice Root Market, by Product Form, 2023 - 2030 (USD Million)
- 7.5 The Middle-East and Africa Licorice Root Market, by End-Use, 2023 - 2030
- 7.5.1 The Middle-East and Africa Licorice Root Market, by End-Use, 2023 - 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Iran Medical Herb
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Fanavaran-e-Tosee Sanat-e-Gharb
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Glycyrrhiza Glabra Co Ltd.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Naturex SA
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 NOREVO
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Green Agro Invest LLC
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Hepner & Eschenbrenner GmbH & Co. KG
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 MARUZEN PHARMACEUTICALS CO. LTD.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Nutra Green Biotechnology Co. Ltd.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 and others.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.1 Iran Medical Herb
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Licorice Root Market, 2023 - 2030 (USD Million)
- 4. Porter’s Five Forces Analysis
- 5. Global Licorice Root Market attractiveness, By Product Form
- 6. Global Licorice Root Market attractiveness, By End-Use
- 7. Global Licorice Root Market share by Product Form, 2023 and 2030 (USD Million)
- 8. Global Licorice Root Market by Powder, 2023 - 2030 (USD Million)
- 9. Global Licorice Root Market by Roots, 2023 - 2030 (USD Million)
- 10. Global Licorice Root Market by Extracts, 2023 - 2030 (USD Million)
- 11. Global Licorice Root Market by Blocks, 2023 - 2030 (USD Million)
- 12. Global Licorice Root Market by Paste, 2023 - 2030 (USD Million)
- 13. Global Licorice Root Market share by End-Use, 2023 and 2030 (USD Million)
- 14. Global Licorice Root Market by Tobacco, 2023 - 2030 (USD Million)
- 15. Global Licorice Root Market by Food & Beverage, 2023 - 2030 (USD Million)
- 16. Global Licorice Root Market by Cosmetic, 2023 - 2030 (USD Million)
- 17. Global Licorice Root Market by Healthcare, 2023 - 2030 (USD Million)
- 18. Global Licorice Root Market by Pharmaceutical, 2023 - 2030 (USD Million)
- 19. Global Licorice Root Market share, by Region, 2023 and 2030
- 20. North America Licorice Root Market, 2023 - 2030 (USD Million)
- 21. Europe Licorice Root Market, 2023 - 2030 (USD Million)
- 22. Asia Pacific Licorice Root Market, 2023 - 2030 (USD Million)
- 23. Latin America Licorice Root Market, 2023 - 2030 (USD Million)
- 24. The Middle-East and Africa Licorice Root Market, 2023 - 2030 (USD Million)
Table Of Tables
- 1. Global Licorice Root Market: Snapshot
- 2. Drivers of the Licorice Root Market: impact analysis
- 3. North America Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 4. North America Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 5. U.S. Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 6. U.S. Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 7. Canada Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 8. Canada Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 9. Europe Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 10. Europe Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 11. Germany Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 12. Germany Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 13. France Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 14. France Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 15. U.K. Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 16. U.K. Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 17. Italy Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 18. Italy Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 19. Spain Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 20. Spain Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 21. Rest of Europe Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 22. Rest of Europe Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 23. Asia Pacific Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 24. Asia Pacific Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 25. China Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 26. China Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 27. Japan Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 28. Japan Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 29. India Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 30. India Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 31. South Korea Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 32. South Korea Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 33. South-East Asia Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 34. South-East Asia Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 35. Rest of Asia Pacific Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 36. Rest of Asia Pacific Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 37. Latin America Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 38. Latin America Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 39. Brazil Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 40. Brazil Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 41. Mexico Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 42. Mexico Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 43. Rest of Latin America Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 44. Rest of Latin America Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 45. The Middle-East and Africa Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 46. The Middle-East and Africa Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 47. GCC Countries Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 48. GCC Countries Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 49. South Africa Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 50. South Africa Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
- 51. Rest of Middle-East Africa Licorice Root Market revenue, By Product Form, 2023 - 2030 (USD Million)
- 52. Rest of Middle-East Africa Licorice Root Market revenue, By End-Use, 2023 - 2030 (USD Million)
Methodology
FrequentlyAsked Questions
Licorice root comprises of a tribasic glycyrrhizin that is in the form of calcium salts & potassium salts blend.
The global licorice root market growth over forecast period can be owing to licorice root extracts have favorable impact on pulmonary & skin disorders, lung ailments, arthritis, hepatitis C, mouth ulcers, peptic ulcers, and liver disorders as well as body immunity.
According to a study, the global licorice root industry size was $850 million in 2022 and is projected to reach $1,500 million by the end of 2030.
The global Licorice Rootmarket is anticipated to record a CAGR of nearly 7.36% from 2023 to 2030.
North America is set to dominate the global licorice root industry over the forecasting timeline owing to surge in the export of the product from the U.S. to other countries such as Holland, Germany, and France. Growing demand for natural foods among the millennial population of the country will further spur the regional industry trends. Apart from this, growing occurrence of chronic ailments in the country will steer the expansion of the industry in the region.
The global licorice root market is led by players such as Iran Medical Herb, Fanavaran-e-Tosee Sanat-e-Gharb, Glycyrrhiza Glabra Co, Ltd., Naturex SA, NOREVO, Green Agro Invest LLC, Hepner & Eschenbrenner GmbH & Co. KG, MARUZEN PHARMACEUTICALS CO., LTD., and Nutra Green Biotechnology Co., Ltd.
The global licorice root market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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