Key Players
Competitive Landscape
Four supplier categories define the licorice extract market: multi-format botanical specialists, regulated herbal API manufacturers, vertically integrated licorice processors, and regional nutraceutical extract makers. Each category wins accounts through a different mix of form breadth, manufacturing control, and access to regulated customer channels.
Certification activity sharpened in July 2025 as extract manufacturers documented product-specific quality controls. Sunnycare Inc received an SHC halal certificate on July 22 that explicitly listed licorice extract. Shri Ahimsa Naturals Limited received WHO-GMP certification in December 2025 for a manufacturing scope that includes licorice extract. Qualification now depends more visibly on current plant and product records beside assay specifications.
Company developments mapped to drivers, trends and opportunities (2026-2036)
| Development | Driver | Trend | Opportunity |
|---|---|---|---|
| In July 2026, BGM Group Ltd filed its 2025 Form 20-F and documented Qilian Shan licorice extract plus liquid extract sales in more than 20 Chinese provinces. | Pharmaceutical customers need named extract formats tied to a current manufacturer. | Chinese licorice processing is integrated with pharmaceutical manufacturing instead of a separate flavor-only supply route. | BGM can pursue regulated medicinal accounts that need extract or liquid extract with documented domestic distribution. |
| In May 2026, the MHRA registered Ransom Naturals Limited for liquorice liquid extract manufacturing and quality-control operations. | Medicinal-product manufacturers need registered plant-extract manufacturing and laboratory controls. | UK licorice API supply is linked to named sites with regulator-visible processing steps. | Ransom can serve liquid-extract programs where customers require a current UK active-substance registration. |
| In April 2026, South Korea MFDS issued a new import certificate for LICORICE S manufactured by LLC "ZELYONIE RASTENIYA IZVLECH". | Korean importers need product-level regulatory records before recurring commercial sale. | Import records continue to identify licorice extract preparations by overseas manufacturer and origin country. | The manufacturer can deepen Korean food-additive distribution through repeat shipments under a documented extract preparation. |
MAFCO Worldwide LLC, Natural Remedies Private Limited, Yangling Dailyhealth Bio-Engineering Technology Co., Ltd., Sunnycare Inc, and Shri Ahimsa Naturals Limited compete outside the three developments mapped above through licorice-specific certification or regulator-recorded market access.
Source: Future Market Insights, Licorice Extract Market and Natural Food Flavors Market Reports, 2026-2036.
The eight companies cover food, nutraceutical, and medicinal extract routes through verified manufacturing or import records in North America, Europe, China, India, Uzbekistan, and South Korea.
Who leads the licorice extract market?
Public evidence does not support a definitive market-share leader. MAFCO documents multiple licorice formats in its SEC filing whereas Ransom has stronger current manufacturing registration for liquorice liquid extract.
Which suppliers have documented qualification or quality approvals?
Ransom holds current MHRA manufacturing and quality-control registration for liquorice liquid extract. Sunnycare and Shri Ahimsa also carry 2025 licorice-specific certification records.
Which companies provide food and beverage licorice extract products?
MAFCO documents licorice-derived food applications in its filing. Sunnycare and Shri Ahimsa hold current certification records that explicitly name licorice extract within their approved product scope.
Which suppliers serve Europe and East Asia?
Ransom documents UK manufacturing and BGM, Sunnycare, plus Yangling document Chinese production. MFDS records show South Korean import access for Natural Remedies, Yangling, and ZELYONIE RASTENIYA IZVLECH.
Representative Company Overview
| Company | Positioning | Verified Development |
|---|---|---|
| MAFCO Worldwide LLC | USA licorice derivative producer with several extract formats documented in an SEC filing. | On October 5, 2025, KOF-K issued a kosher certificate covering MAFCO MAGNASWEET 100F through December 31, 2025. |
| Ransom Naturals Limited | UK botanical extract manufacturer with a regulator-recorded liquorice liquid extract active-substance line. | On May 12, 2026, the MHRA registered Ransom Naturals for liquorice liquid extract manufacturing plus physical, chemical, and microbiological quality control. |
| BGM Group Ltd | Chinese pharmaceutical manufacturer with licorice extract and liquid extract used as medicinal-production inputs. | On July 21, 2026, BGM Group filed its 2025 Form 20-F and documented licorice extract products sold through operations reaching more than 20 Chinese provinces. |
| Natural Remedies Private Limited | Indian botanical extract manufacturer with regulator-recorded flavonoid-rich licorice extract supplied into South Korea. | On June 23, 2025, South Korea MFDS issued an import certificate for Natural Remedies' Flavonoid Rich Licorice Extract. |
| Yangling Dailyhealth Bio-Engineering Technology Co., Ltd. | Chinese botanical extract manufacturer with regulator-recorded licorice extract powder supplied into South Korea. | On July 8, 2025, South Korea MFDS issued an import certificate for Yangling Dailyhealth's Glycyrrhiza glabra extract powder. |
| LLC "ZELYONIE RASTENIYA IZVLECH" | Uzbekistan-based manufacturer with regulator-recorded licorice extract preparation supplied into South Korea. | On April 23, 2026, South Korea MFDS issued a new import certificate for LICORICE S manufactured by the company. |
| Sunnycare Inc | Chinese botanical extract manufacturer with current product-specific certification that names licorice extract. | On September 2, 2025, KLBD issued Sunnycare Inc a kosher certificate that explicitly lists licorice extract and is valid through August 31, 2026. |
| Shri Ahimsa Naturals Limited | Indian botanical extract manufacturer with licorice extract inside its certified manufacturing and export scope. | On December 2, 2025, MAP Certifications issued a WHO-GMP certificate covering manufacture and export of licorice extract through December 2, 2028. |
Research Methodology
The companies mapped here illustrate the market structure rather than an exhaustive ranking. Inclusion requires current, verifiable evidence that a company supplies licorice extract or directly relevant Glycyrrhiza extract products within the defined market scope. Evidence comes from regulatory approvals, third-party certifications, company announcements, product documentation, and public filings. Capabilities are attributed to the stated licorice extract platform, botanical extraction line, or regulated service line rather than generalised across broader corporate portfolios. Market-share estimates remain proprietary FMI assessments for the forecast period.
