The global licorice extract market is forecasted to grow by USD 1065.4 mn during 2025-2030, accelerating at a CAGR of 7.6% during the forecast period. The report on the global licorice extract market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand in natural cosmetic formulations, expansion of pharmaceutical and therapeutic applications, adoption as natural sweetener and flavor.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 7.1% |
| CAGR | 7.6% |
| Incremental Value | $1065.4 mn |
Technavio's global licorice extract market is segmented as below:
By Application
- Pharmaceuticals
- Food and beverages
- Tobacco
- Others
By Type
By Distribution Channel
- Business-to-business
- Business-to-consumer
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Europe
- Italy
- Spain
- Germany
- UK
- France
- The Netherlands
- North America
- Middle East and Africa
- South America
- Rest of World (ROW)
This study identifies the sustainable agriculture and sourcing practices as one of the prime reasons driving the global licorice extract market growth during the next few years. Also, advanced extraction and processing technologies and expansion of functional beverage formulations will lead to sizable demand in the market.
The report on the global licorice extract market covers the following areas:
- Global licorice extract market sizing
- Global licorice extract market forecast
- Global licorice extract market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global licorice extract market vendors that include Arjuna Natural Pvt. Ltd., Beijing Gingko Group, Bio Botanica Inc., C.E. Roeper GmbH, Extroil Naturals, F and C Licorice Ltd., Fuji Chemical Co. Ltd., Herbochem, Mafco Worldwide LLC, Martin Bauer Group, Maruzen Pharmaceutical Co. Ltd., Native Extracts Pty Ltd, Natures Way Brands LLC, Norevo GmbH, Ransom Naturals Ltd., SA Herbal Bioactives LLP, Sabinsa Corp., Sepidan Osareh Jonoob Co., Venkatesh Natural Extract, Viridian International Ltd.. Also, the global licorice extract market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Licorice Extract Market 2020 - 2024
- Historic Market Size - Data Table on Global Licorice Extract Market 2020 - 2024 ($ million)
- 5.2 Application segment analysis 2020 - 2024
- Historic Market Size - Application Segment 2020 - 2024 ($ million)
- 5.3 Type segment analysis 2020 - 2024
- Historic Market Size - Type Segment 2020 - 2024 ($ million)
- 5.4 Distribution Channel segment analysis 2020 - 2024
- Historic Market Size - Distribution Channel Segment 2020 - 2024 ($ million)
- 5.5 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.6 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Global Licorice Extract Market
- 6.2 Impact of geopolitical conflicts on Global Licorice Extract Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by Application
- 8.1 Market segments
- 8.2 Comparison by Application
- 8.3 Pharmaceuticals - Market size and forecast 2025-2030
- 8.4 Food and beverages - Market size and forecast 2025-2030
- 8.5 Tobacco - Market size and forecast 2025-2030
- 8.6 Others - Market size and forecast 2025-2030
- 8.7 Market opportunity by Application
- Market opportunity by Application ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- 9.2 Comparison by Type
- 9.3 Powder - Market size and forecast 2025-2030
- 9.4 Liquid - Market size and forecast 2025-2030
- 9.5 Block - Market size and forecast 2025-2030
- 9.6 Market opportunity by Type
- Market opportunity by Type ($ million)
10 Market Segmentation by Distribution Channel
- 10.1 Market segments
- 10.2 Comparison by Distribution Channel
- 10.3 Business-to-business - Market size and forecast 2025-2030
- 10.4 Business-to-consumer - Market size and forecast 2025-2030
- 10.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- 12.2 Geographic comparison
- 12.3 APAC - Market size and forecast 2025-2030
- 12.3.1 China - Market size and forecast 2025-2030
- 12.3.2 Japan - Market size and forecast 2025-2030
- 12.3.3 India - Market size and forecast 2025-2030
- 12.3.4 South Korea - Market size and forecast 2025-2030
- 12.3.5 Australia - Market size and forecast 2025-2030
- 12.3.6 Indonesia - Market size and forecast 2025-2030
- 12.4 Europe - Market size and forecast 2025-2030
- 12.4.1 Italy - Market size and forecast 2025-2030
- 12.4.2 Spain - Market size and forecast 2025-2030
- 12.4.3 Germany - Market size and forecast 2025-2030
- 12.4.4 UK - Market size and forecast 2025-2030
- 12.4.5 France - Market size and forecast 2025-2030
- 12.4.6 The Netherlands - Market size and forecast 2025-2030
- 12.5 North America - Market size and forecast 2025-2030
- 12.5.1 US - Market size and forecast 2025-2030
- 12.5.2 Canada - Market size and forecast 2025-2030
- 12.5.3 Mexico - Market size and forecast 2025-2030
- 12.6 Middle East and Africa - Market size and forecast 2025-2030
- 12.6.1 Turkey - Market size and forecast 2025-2030
- 12.6.2 Saudi Arabia - Market size and forecast 2025-2030
- 12.6.3 UAE - Market size and forecast 2025-2030
- 12.6.4 South Africa - Market size and forecast 2025-2030
- 12.6.5 Israel - Market size and forecast 2025-2030
- 12.7 South America - Market size and forecast 2025-2030
- 12.7.1 Brazil - Market size and forecast 2025-2030
- 12.7.2 Argentina - Market size and forecast 2025-2030
- 12.7.3 Chile - Market size and forecast 2025-2030
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Rising demand in natural cosmetic formulations
- Expansion of pharmaceutical and therapeutic applications
- Adoption as natural sweetener and flavor
- 13.2 Market challenges
- Strict regulatory controls on glycyrrhizin levels
- Supply chain volatility and sourcing vulnerabilities
- Substitution pressures from alternative flavorings
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 13.4 Market opportunities
- Sustainable agriculture and sourcing practices
- Advanced extraction and processing technologies
- Expansion of functional beverage formulations
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Arjuna Natural Pvt. Ltd.
- Arjuna Natural Pvt. Ltd. - Overview
- Arjuna Natural Pvt. Ltd. - Product / Service
- Arjuna Natural Pvt. Ltd. - Key offerings
- SWOT
- 15.5 Beijing Gingko Group
- Beijing Gingko Group - Overview
- Beijing Gingko Group - Product / Service
- Beijing Gingko Group - Key offerings
- SWOT
- 15.6 Bio Botanica Inc.
- Bio Botanica Inc. - Overview
- Bio Botanica Inc. - Product / Service
- Bio Botanica Inc. - Key offerings
- SWOT
- 15.7 C.E. Roeper GmbH
- C.E. Roeper GmbH - Overview
- C.E. Roeper GmbH - Product / Service
- C.E. Roeper GmbH - Key offerings
- SWOT
- 15.8 Extroil Naturals
- Extroil Naturals - Overview
- Extroil Naturals - Product / Service
- Extroil Naturals - Key offerings
- SWOT
- 15.9 Herbochem
- Herbochem - Overview
- Herbochem - Product / Service
- Herbochem - Key offerings
- SWOT
- 15.10 Martin Bauer Group
- Martin Bauer Group - Overview
- Martin Bauer Group - Product / Service
- Martin Bauer Group - Key offerings
- SWOT
- 15.11 Native Extracts Pty Ltd
- Native Extracts Pty Ltd - Overview
- Native Extracts Pty Ltd - Product / Service
- Native Extracts Pty Ltd - Key offerings
- SWOT
- 15.12 Natures Way Brands LLC
- Natures Way Brands LLC - Overview
- Natures Way Brands LLC - Product / Service
- Natures Way Brands LLC - Key offerings
- SWOT
- 15.13 Norevo GmbH
- Norevo GmbH - Overview
- Norevo GmbH - Product / Service
- Norevo GmbH - Key offerings
- SWOT
- 15.14 Ransom Naturals Ltd.
- Ransom Naturals Ltd. - Overview
- Ransom Naturals Ltd. - Product / Service
- Ransom Naturals Ltd. - Key offerings
- SWOT
- 15.15 SA Herbal Bioactives LLP
- SA Herbal Bioactives LLP - Overview
- SA Herbal Bioactives LLP - Product / Service
- SA Herbal Bioactives LLP - Key offerings
- SWOT
- 15.16 Sabinsa Corp.
- Sabinsa Corp. - Overview
- Sabinsa Corp. - Product / Service
- Sabinsa Corp. - Key offerings
- SWOT
- 15.17 Venkatesh Natural Extract
- Venkatesh Natural Extract - Overview
- Venkatesh Natural Extract - Product / Service
- Venkatesh Natural Extract - Key offerings
- SWOT
- 15.18 Viridian International Ltd.
- Viridian International Ltd. - Overview
- Viridian International Ltd. - Product / Service
- Viridian International Ltd. - Key offerings
- SWOT
16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations