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Licorice Root Market

Market Insights on Licorice Root covering sales outlook, demand forecast & up-to-date key trends

Licorice Root Market By Product Form (Roots, Extracts, Blocks, Powder, Paste), End-Use (Food & Beverage Industry, Cosmetic Industry, Dietary Supplements) & Region - Forecast 2022 - 2032

Licorice Root Market Snapshot

[350 Pages Report] Newly released data from Licorice Root Market Analysis shows that global demand for licorice extracts year-on-year (YoY) growth of 4.7% in 2022 to USD 848.9 Mn and is estimated to be USD 1,418.4 Mn in 2032 witnessing a prominent CAGR of 5.3%.

Attribute

Details

Market Size Value in 2022

USD 848.9 Mn

Market Forecast Value in 2032

USD 1,418.4 Mn

Global Growth Rate

5.3%

Forecast Period

2022-2032

Licorice root extract is a very important flavouring agent and component. It is currently used in the food sector as a flavouring agent and in the tobacco industry as a de-bittering agent to hide the off-note taste of stevia, which has been a popular ingredient in the market till now. Stevia has long been a popular sweetener in the cigarette and food industries.

Nevertheless, academics and food experts are considering using licorice to cover up the stevia's off-flavour. Because the tobacco business is rapidly evolving towards the production of sweetened and flavoured cigarettes, licorice demand is projected to increase in the coming years.

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How The Market Progressed Till June 2022?

Particulars

Details

H1 2021

5.2%

H1 2022 Projected

5.3%

H1 2022 Expected

5.8%

BPS Change

- 58.3 ↓

FMI presents a half-yearly comparison analysis and review of the market growth rates and further development prospects in the global market. The market is predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.

Some new developments that have taken place in these markets include:

  • Licorice usage has increased in recent years in the pharmaceutical companies, as it is an important component of Traditional medicine.
  • The marketplace for Chinese herbal remedies is fast expanding in Europe and the United States as individuals convert to organic therapies, which include more than 75% licorice roots.
  • Licorice root extracts are often used to cure lung issues, respiration and skin disorders, hepatitis B and C, bleeding ulcers, cirrhosis of the liver, and mouth ulcers, among other ailments.

The global market for Licorice Root has witnessed H1 2021 growth at the magnitude of 5.2%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 5.8%. Thus, leaving the gap of -58.3 BPS points between expected and projected growth during H1 2022.

Key reasons for this change in growth rate are attributed to slow/rapid uptake of the market during the first half of the forecast period owing to improving end-user demand in key economies and their booming populations.

In particular, China and India are both seeing an increase in their consumption pattern, resulting in increased demand for the Licorice Root market. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.

Despite these positive prospects, there are some likely challenges that stay ahead for the industry including a shift in consumer preferences, stringent trade barriers, and a low degree of security in raw material supply, and other manufacturing inputs.

Licorice Root Use is Likely to Increase in the Pharmaceutical Industry in the Coming Years Because of its Natural Herbal Characteristics

The pharmaceutical sector has boosted its consumption of licorice in recent years since it is an essential element for Chinese medicine. The market for China's herbal remedies contains over 75% licorice roots and is growing rapidly in Europe and the United States, as the people are shifting toward the use of organic treatments. The medical industry's need for licorice is mostly driven by the growing demand for Chinese medications.

To fulfil rising demand from the pharmaceutical as well as other vertical markets, producers are partnering with extractors to keep licorice production consistent and pricing is skyrocketing on the worldwide market. Manufacturers are focusing on increasing licorice cultivation land or area, resulting in a significant increase in the worldwide licorice root market's profitability.

Additionally, licorice roots have anti-inflammatory, anti-fungal, immunity-boosting, tumour healing, and anti-microbial effects, according to the reports by NCBI. Apart from that, these roots are growing in popularity due to the existence of numerous pharmacological properties. As a consequence, licorice roots are commonly employed in the medical industry to make a variety of goods. According to this situation, the worldwide licorice root market would see significant demand growth in the approaching years.

Licorice Root Market Download Report Brochure

Licorice root extracts are commonly used to treat a variety of health problems, including lung problems, respiratory and skin illnesses, hepatitis B and C, osteoarthritis, bleeding ulcers, liver cirrhosis, and mouth sores. Furthermore, during the forecast period 2022–2032, the increasing use of licorice roots for improving immunity is predicted to drive significant demand opportunities worldwide.

Moreover, Licorice roots are often used in the food and beverage sector to enhance the flavour of the tea. Aside from that, the increased usage of licorice as a flavour additive in tobacco and confectionery is likely to boost demand worldwide.

Growth Restraints in the Global Licorice Root Market

Excessive licorice consumption can cause health problems like adrenal hormonal disruption, high blood cholesterol, and hypernatremia. Aside from that, chronic blockage of 11-HSD2 caused by inadequate licorice ingestion might result in higher liquid volume and serious health complications in individuals, particularly those with heart conditions all these conditions might hamper the growth of the industry although if consumed in the right amount licorice roots has no side effects.

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Licorice Root Extract Application in the Cosmetic Industry to Boost the Market Growth

Glycyrrhizin is a chemical found in licorice root extract which possesses anti-inflammatory and antibacterial effects. Eczema and pimple are two skin ailments that are treated with it. It has skin whitening and anti-ageing properties due to its high powerful antioxidants.

Licorice root extract has been shown in trials to help combat germs that infect the body. Its antibacterial characteristics aid in the fight against the bacteria Staphylococcus, which causes skin illnesses.

When applied topically in compositions, glycyrrhizin contains anti-inflammatory characteristics that help relieve inflammation, itch, and redness on the body. Psoriasis and dermatitis are all treated with it. Hypertrophic scars occur when your skin cells create too much melanin in some regions but not enough in others, resulting in a patchwork look. So, when skin is exposed to harmful radicals, the cells that make melanin is damaged, and more pigment is produced than normal.

As a result, licorice root extract is found across most products that attempt to eliminate dark patches or cure pigmentation. It effectively brightens and removes dark patches to provide consumers with a more even skin complexion.

Glabridin is among the most active as well as powerful chemicals found in licorice root extract. It possesses skin-lightening qualities and suppresses the synthesis of tyrosine hydroxylase, an enzyme that causes the skin to darken after exposure to the sun. It has also been shown to reduce hyperpigmentation caused by the sun's Ultraviolet rays. It could be utilised in sunscreens to combine the two advantages in one product. Liquiritin, a component found in licorice root extract, aids in skin whitening. It acts by dissolving and breaking down existing extra melanin, lowering skin pigment.

Increasing Imports of Licorice Root from Leading Countries Helping the Market Growth

Due to the rising uses of licorice and limitation in supply, there is considerable potential for new licorice producers in major importing established countries such as Europe. In Licorice Root market top importers are Germany, France, the United States, China, and the Netherlands. Licorice extracts are increasingly popular due to their numerous health advantages. Even though the global market for licorice root is relatively simple to access, regulatory restrictions at all levels of the industry continue to be a big problem.

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Licorice Root Is Gaining More Popularity in North American Countries

The increase in the number of health-conscious customers in the nation, combined with an increasing desire for natural foods, particularly among the nation's millennial population, is increasing sales of licorice compounds. Furthermore, the increased prevalence of several chronic diseases, including overweight and hypertension, is likely to drive the market even further. Companies in the area are likely to benefit from increased investments in R&D. Nevertheless, the licorice extracts economy is anticipated to be hampered by a lack of supply and a rise in the prices of natural resources.

Scope Of Report

Attribute

Details

Market Size Value in 2022

USD 848.9 Mn

Market Forecast Value in 2032

USD 1,418.4 Mn

Global Growth Rate

5.3%

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

MT for Volume and USD Mn for Value

Key Regions Covered

North America, Latin America, Europe, APEJ, Japan, and MEA

Key Countries Covered

United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, India, Australia and New Zealand, Japan, GCC countries, Ethiopia, North Africa, South Africa, others.

Key Market Segments Covered

Product Form, End-Use, Region

Key Companies Profiled

  • FC Licorice
  • Norevo GmbH
  • Zagros Licorice Co.
  • Naturex SA
  • Sepidan Osareh Co.
  • VPL Chemicals
  • MAFCO Worldwide LLC
  • Aseh Co.

Pricing

Available upon Request

Segments Covered in Licorice Root Market Analysis

By Product Form:

  • Roots
  • Extracts
    • Blocks
    • Powder
    • Paste
    • Others

By End-Use:

  • Food & Beverage Industry
  • Tobacco Industry
  • Pharmaceutical Industry
  • Cosmetic Industry
  • Dietary Supplements

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Frequently Asked Questions

Currently licorice root market is worth more than USD 848.9 Mn.

Licorice root market consumption is expected to grow at a CAGR of around 5.3% during the period 2022-2032.

In terms of revenue, licorice root market grew at a CAGR of around 4.5% during 2017-2021

The global licorice root market is forecasted to surpass USD 1,418.4 Mn by the end of 2032.

FC Licorice, Norevo GmbH, Zagros Licorice Co., Naturex SA, Sepidan Osareh Co., VPL Chemicals, MAFCO Worldwide LLC, Aseh Co. are expected to be the top players driving the market growth.

Market players are focusing on new product launches, licorice root distribution channels, merger and acquisition strategies to remain a prominent player in the global market.

The Asia Pacific, U.S., and Europe are the major regions driving demand for Licorice Root.

Europe holds around 28.3% of the total licorice root revenue share.

The U.S. licorice root market is projected to grow at a CAGR of around 4.6% over the next ten years.

Table of Content

1. Market Overview

    1.1. Market Coverage / Taxonomy

    1.2. Market Definition / Scope / Limitations

2. The Massive Impact of the Crisis

    2.1. Global Licorice Root Market Forecast Scenario Comparison of Annual Growth Rates for short Term (2022-2026) and Long Term (2027-2032)

        2.1.1. Optimistic Scenario

            2.1.1.1. China

            2.1.1.2. US

            2.1.1.3. India

            2.1.1.4. Euro Zone

            2.1.1.5. Asia Pacific 

            2.1.1.6. Rest of the World

        2.1.2. Likely Scenario

            2.1.2.1. China

            2.1.2.2. US

            2.1.2.3. India

            2.1.2.4. Euro Zone

            2.1.2.5. Asia Pacific 

            2.1.2.6. Rest of the World

        2.1.3. Pessimistic Scenario

            2.1.3.1. China

            2.1.3.2. US

            2.1.3.3. India

            2.1.3.4. Euro Zone

            2.1.3.5. Asia Pacific 

            2.1.3.6. Rest of the World

    2.2. Key Factors Impacting the Market

    2.3. Note: Market Assessment shall be Provided for Likely Scenario

3. Market Dynamics

    3.1. Drivers

        3.1.1. Supply Side Drivers

        3.1.2. Demand Side drivers

        3.1.3. Economic Side Drivers

    3.2. Restraints

    3.3. Opportunity

    3.4. Market trends By Region

    3.5. Product Launches

    3.6. Product Claims & Nutritional Information Scan by Buyers

    3.7. Macro-Economic Factors

    3.8. Forecast Factors - Relevance & Impact

    3.9. Consumers Survey Analysis

4. Key Regulations

    4.1. Packaging & Labelling Regulations

    4.2. Certifications and Certifying Agency Overview

    4.3. Import/Export Policies

5. Global Licorice Root Market Demand Analysis 2017-2021 and Forecast, 2022-2032

    5.1. Historical Market Volume (Metric Tons) Analysis, 2017-2021

    5.2. Current and Future Market Volume (Metric Tons) Projections, 2022-2032

    5.3. Y-o-Y Growth Trend Analysis

6. Global Licorice Root Market - Pricing Analysis

    6.1. Regional Pricing Analysis (USD/Metric Tons) By Product Form (2017,2022,2032)

        6.1.1. Roots

        6.1.2. Extracts

    6.2. Pricing Break-up (2017,2022,2032)

        6.2.1. Producer Level Pricing

        6.2.2. Distributor Level Pricing

        6.2.3. Retailer Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

7. Global Licorice Root Market Demand (Size in USD Mn) Analysis 2017-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (USD Mn) Analysis, 2017-2021

    7.2. Current and Future Market Value (USD Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032, By Product Form

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (USD Mn) and Volume Analysis By Product Form , 2017 - 2021

    8.3. Current and Future Market Size (USD Mn) and Volume Analysis and Forecast By Product Form, 2022-2032

        8.3.1. Roots

        8.3.2. Extracts

            8.3.2.1.  Powder

            8.3.2.2.  Blocks

            8.3.2.3.  Paste

            8.3.2.4. Others

    8.4. Market Attractiveness Analysis By Product Form

9. Global Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (USD Mn) and Volume Analysis By Und Use, 2017 - 2021

    9.3. Current and Future Market Size (USD Mn) and Volume Analysis and Forecast By End Use, 2022-2032

            9.3.1.1. Food & Beverage Industry

            9.3.1.2. Tobacco Industry

            9.3.1.3. Pharmaceutical Industry

            9.3.1.4. Cosmetic Industry

            9.3.1.5. Dietary Supplements  

    9.4. Market Attractiveness Analysis By End Use

10. Global Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    10.1. Introduction

    10.2. Historical Market Size (USD Mn) and Volume Analysis By Region, 2017 - 2021

    10.3. Current Market Size (USD Mn) and Volume Analysis and Forecast By Region, 2022-2032

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Western Europe

        10.3.4. Eastern Europe

        10.3.5. APEJ

        10.3.6. Japan

        10.3.7. MEA

    10.4. Market Attractiveness Analysis By Region

11. North America Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    11.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        11.4.1.  By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Product Form

        11.4.3. By End Use

    11.5. Market Attractiveness Analysis

        11.5.1. By Product Form

        11.5.2. By End Use

    11.6. Market Trends

    11.7. Key Market Participants - Intensity Mapping

    11.8. Drivers and Restraints - Impact Analysis

12. Latin America Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    12.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        12.4.1.  By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Rest of Latin America

        12.4.2. By Product Form

        12.4.3. By End Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Product Form

        12.5.2. By End Use

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Western Europe Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    13.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        13.4.1.  By Country

            13.4.1.1. Germany

            13.4.1.2. U.K

            13.4.1.3. France

            13.4.1.4. Italy 

            13.4.1.5. Spain

            13.4.1.6. Benelux 

            13.4.1.7. Nordic

            13.4.1.8. Rest of Western Europe

        13.4.2. By Product Form

        13.4.3. By End Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Product Form

        13.5.2. By End Use

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Eastern Europe Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    14.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        14.4.1.  By Country

            14.4.1.1. Russia

            14.4.1.2. Poland

            14.4.1.3.  Rest of Eastern Europe

        14.4.2. By Product Form

        14.4.3. By End Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Product Form

        14.5.2. By End Use

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. APEJ Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    15.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        15.4.1.  By Country

            15.4.1.1. China

            15.4.1.2. India

            15.4.1.3. Australia & New Zealand

            15.4.1.4. ASEAN

            15.4.1.5.  Rest of APAC

        15.4.2. By Product Form

        15.4.3. By End Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Product Form

        15.5.2. By End Use

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. Japan Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    16.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        16.4.1.  By Country

            16.4.1.1. Japan

        16.4.2. By Product Form

        16.4.3. By End Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Product Form

        16.5.2. By End Use

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. Middle East and Africa Licorice Root Market Analysis 2017-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (USD Mn) and Volume Trend Analysis By Market Taxonomy, 2017 - 2021

    17.4. Market Size (USD Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        17.4.1.  By Country

            17.4.1.1. GCC Countries

            17.4.1.2.  South Africa

            17.4.1.3. North Africa

            17.4.1.4. Rest of MEA

        17.4.2. By Product Form

        17.4.3. By End Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Product Form

        17.5.2. By End Use

    17.6. Market Trends

    17.7. Key Market Participants - Intensity Mapping

    17.8. Drivers and Restraints - Impact Analysis

18. Key Countries Licorice Root Market Analysis 2017–2021 and Forecast 2022–2032

    18.1. U.S.

        18.1.1. Pricing Analysis (2017, 2022, 2032)

        18.1.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.1.2.1. By Product Form

            18.1.2.2. By End Use

    18.2. Canada

        18.2.1. Pricing Analysis (2017, 2022, 2032)

        18.2.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.2.2.1. By Product Form

            18.2.2.2. By End Use

    18.3. Brazil

        18.3.1. Pricing Analysis (2017, 2022, 2032)

        18.3.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.3.2.1. By Product Form

            18.3.2.2. By End Use

    18.4. Mexico

        18.4.1. Pricing Analysis (2017, 2022, 2032)

        18.4.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.4.2.1. By Product Form

            18.4.2.2. By End Use

    18.5. Germany

        18.5.1. Pricing Analysis (2017, 2022, 2032)

        18.5.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.5.2.1. By Product Form

            18.5.2.2. By End Use

    18.6. U.K

        18.6.1. Pricing Analysis (2017, 2022, 2032)

        18.6.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.6.2.1. By Product Form

            18.6.2.2. By End Use

    18.7. France

        18.7.1. Pricing Analysis (2017, 2022, 2032)

        18.7.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.7.2.1. By Product Form

            18.7.2.2. By End Use

    18.8. Italy

        18.8.1. Pricing Analysis (2017, 2022, 2032)

        18.8.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.8.2.1. By Product Form

            18.8.2.2. By End Use

    18.9. Spain

        18.9.1. Pricing Analysis (2017, 2022, 2032)

        18.9.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.9.2.1. By Product Form

            18.9.2.2. By End Use

    18.10. Benelux

        18.10.1. Pricing Analysis (2017, 2022, 2032)

        18.10.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.10.2.1. By Product Form

            18.10.2.2. By End Use

    18.11. Nordic

        18.11.1. Pricing Analysis (2017, 2022, 2032)

        18.11.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.11.2.1. By Product Form

            18.11.2.2. By End Use

    18.12. Russia

        18.12.1. Pricing Analysis (2017, 2022, 2032)

        18.12.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.12.2.1. By Product Form

            18.12.2.2. By End Use

    18.13. Poland

        18.13.1. Pricing Analysis (2017, 2022, 2032)

        18.13.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.13.2.1. By Product Form

            18.13.2.2. By End Use

    18.14. China

        18.14.1. Pricing Analysis (2017, 2022, 2032)

        18.14.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.14.2.1. By Product Form

            18.14.2.2. By End Use

    18.15. India

        18.15.1. Pricing Analysis (2017, 2022, 2032)

        18.15.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.15.2.1. By Product Form

            18.15.2.2. By End Use

    18.16. AN&Z

        18.16.1. Pricing Analysis (2017, 2022, 2032)

        18.16.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.16.2.1. By Product Form

            18.16.2.2. By End Use

    18.17. ASEAN

        18.17.1. Pricing Analysis (2017, 2022, 2032)

        18.17.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.17.2.1. By Product Form

            18.17.2.2. By End Use

    18.18. Japan

        18.18.1. Pricing Analysis (2017, 2022, 2032)

        18.18.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.18.2.1. By Product Form

            18.18.2.2. By End Use

    18.19. GCC Countries

        18.19.1. Pricing Analysis (2017, 2022, 2032)

        18.19.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.19.2.1. By Product Form

            18.19.2.2. By End Use

    18.20. South Africa

        18.20.1. Pricing Analysis (2017, 2022, 2032)

        18.20.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.20.2.1. By Product Form

            18.20.2.2. By End Use

    18.21. North Africa

        18.21.1. Pricing Analysis (2017, 2022, 2032)

        18.21.2. Market Value and Volume Analysis 2017–2021 and Forecast 2022–2032

            18.21.2.1. By Product Form

            18.21.2.2. By End Use

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies 

    19.2. Company Share Analysis of Top Players

        19.2.1. By Product Form

    19.3. Market Presence Analysis

        19.3.1. By Regional Footprint of Players

        19.3.2. Product Footprint by Players

        19.3.3. Channel Footprint by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Deep Dive (Tentative List)

        20.2.1. Naturex SA

            20.2.1.1. Overview

            20.2.1.2. Product Portfolio

            20.2.1.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.1.4. Sales Footprint

            20.2.1.5. Strategy Overview

                20.2.1.5.1. Marketing Strategy

                20.2.1.5.2. Product Strategy

        20.2.2. Hepner & Eschenbrenner GmbH & Co. KG

            20.2.2.1. Overview

            20.2.2.2. Product Portfolio

            20.2.2.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.2.4. Sales Footprint

            20.2.2.5. Strategy Overview

                20.2.2.5.1. Marketing Strategy

                20.2.2.5.2. Product Strategy

        20.2.3. Cemay Licorice Root Industry CO. LTD.

            20.2.3.1. Overview

            20.2.3.2. Product Portfolio

            20.2.3.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.3.4. Sales Footprint

            20.2.3.5. Strategy Overview

                20.2.3.5.1. Marketing Strategy

                20.2.3.5.2. Product Strategy

        20.2.4. F & C Licorice Group

            20.2.4.1. Overview

            20.2.4.2. Product Portfolio

            20.2.4.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.4.4. Sales Footprint

            20.2.4.5. Strategy Overview

                20.2.4.5.1. Marketing Strategy

                20.2.4.5.2. Product Strategy

        20.2.5. Russolod LLC

            20.2.5.1. Overview

            20.2.5.2. Product Portfolio

            20.2.5.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.5.4. Sales Footprint

            20.2.5.5. Strategy Overview

                20.2.5.5.1. Marketing Strategy

                20.2.5.5.2. Product Strategy

        20.2.6. Nutra Green Biotechnology Co., Ltd.

            20.2.6.1. Overview

            20.2.6.2. Product Portfolio

            20.2.6.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.6.4. Sales Footprint

            20.2.6.5. Strategy Overview

                20.2.6.5.1. Marketing Strategy

                20.2.6.5.2. Product Strategy

        20.2.7. Green Agro Invest LLC

            20.2.7.1. Overview

            20.2.7.2. Product Portfolio

            20.2.7.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.7.4. Sales Footprint

            20.2.7.5. Strategy Overview

                20.2.7.5.1. Marketing Strategy

                20.2.7.5.2. Product Strategy

        20.2.8. Zagros Licorice co.

            20.2.8.1. Overview

            20.2.8.2. Product Portfolio

            20.2.8.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.8.4. Sales Footprint

            20.2.8.5. Strategy Overview

                20.2.8.5.1. Marketing Strategy

                20.2.8.5.2. Product Strategy

        20.2.9. Shadian

            20.2.9.1. Overview

            20.2.9.2. Product Portfolio

            20.2.9.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.9.4. Sales Footprint

            20.2.9.5. Strategy Overview

                20.2.9.5.1. Marketing Strategy

                20.2.9.5.2. Product Strategy

        20.2.10. Glycyrrhiza Glabra Co, Ltd

            20.2.10.1. Overview

            20.2.10.2. Product Portfolio

            20.2.10.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.10.4. Sales Footprint

            20.2.10.5. Strategy Overview

                20.2.10.5.1. Marketing Strategy

                20.2.10.5.2. Product Strategy

        20.2.11. Other Players (On Additional Requests)

            20.2.11.1. Overview

            20.2.11.2. Product Portfolio

            20.2.11.3. Profitability by Market Segments (Product/Channel/Region)

            20.2.11.4. Sales Footprint

            20.2.11.5. Strategy Overview

                20.2.11.5.1. Marketing Strategy

                20.2.11.5.2. Product Strategy

21. Value Chain Analysis

    21.1. Operating margins at each node of supply chain

    21.2. List of Active Market Participants

        21.2.1. Product Manufacturers

        21.2.2. Key Brands

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 1:  Global Licorice Root Market Value (USD Mn) Forecast by Region, 2017-2032

Table 2:  Global Licorice Root Market Volume (MT) Forecast by Region, 2017-2032

Table 3:  Global Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 4:  Global Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 5:  Global Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 6:  Global Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 7:  North America Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 8:  North America Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 9:  North America Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 10:  North America Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 11:  North America Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 12:  North America Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 13:  Latin America Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 14:  Latin America Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 15:  Latin America Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 16:  Latin America Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 17:  Latin America Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 18:  Latin America Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 19:  Western Europe Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 20:  Western Europe Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 21:  Western Europe Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 22:  Western Europe Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 23:  Western Europe Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 24:  Western Europe Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 25:  Eastern Europe Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 26:  Eastern Europe Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 27:  Eastern Europe Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 28:  Eastern Europe Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 29:  Eastern Europe Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 30:  Eastern Europe Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 31:  APEJ Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 32:  APEJ Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 33:  APEJ Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 34:  APEJ Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 35:  APEJ Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 36:  APEJ Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 37:  Japan Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 38:  Japan Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 39:  Japan Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 40:  Japan Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Table 41:  MEA Licorice Root Market Value (USD Mn) Forecast by Country, 2017-2032

Table 42:  MEA Licorice Root Market Volume (MT) Forecast by Country, 2017-2032

Table 43:  MEA Licorice Root Market Value (USD Mn) Forecast by Product Form, 2017-2032

Table 44:  MEA Licorice Root Market Volume (MT) Forecast by Product Form, 2017-2032

Table 45:  MEA Licorice Root Market Value (USD Mn) Forecast by End Use, 2017-2032

Table 46:  MEA Licorice Root Market Volume (MT) Forecast by End Use, 2017-2032

Nandini Roy Choudhury
Principal Consultant
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List of Charts

Figure 1: Global Licorice Root Market Value (USD Mn) and Volume (MT), 2017–2021

Figure 2: Global Licorice Root Market Value (USD Mn) and Volume (MT) Forecast, 2022–2032

Figure 3: Global Licorice Root Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 4: Global Licorice Root Market Value (USD Mn ) Analysis by Region, 2017-2032

Figure 5: Global Licorice Root Market Volume (MT) Analysis by Region, 2017-2032

Figure 6: Global Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 7: Global Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 8: Global Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 9: Global Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 10: Global Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 11: Global Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 12: Global Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 13: Global Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 14: Global Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 15: Global Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 16: Global Licorice Root Market Attractiveness by Region, 2022-2032

Figure 17: North America Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 18: North America Market Volume (MT) Analysis by Country, 2017-2032

Figure 19: North America Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 20: North America Licorice Root Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 21: North America Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 22: North America Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 23: North America Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 24: North America Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 25: North America Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 26: North America Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 27: North America Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 28: North America Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 29: North America Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 30: North America Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 31: North America Licorice Root Market Attractiveness by Country, 2022-2032

Figure 32: Latin America Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 33: Latin America Market Volume (MT) Analysis by Country, 2017-2032

Figure 34: Latin America Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 35: Latin America Licorice Root Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 36: Latin America Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 37: Latin America Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 38: Latin America Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 39: Latin America Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 40: Latin America Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 41: Latin America Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 42: Latin America Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 43: Latin America Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 44: Latin America Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 45: Latin America Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 46: Latin America Licorice Root Market Attractiveness by Country, 2022-2032

Figure 47: Western Europe Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 48: Western Europe Licorice Root Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 49: Western Europe Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 50: Western Europe Licorice Root Market Volume (MT) Analysis by Country, 2017-2032

Figure 51: Western Europe Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 52: Western Europe Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 53: Western Europe Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 54: Western Europe Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 55: Western Europe Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 56: Western Europe Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 57: Western Europe Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 58: Western Europe Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 59: Western Europe Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 60: Western Europe Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 61: Western Europe Licorice Root Market Attractiveness by Country, 2022-2032

Figure 62: Eastern Europe Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 63: Eastern Europe Market Volume (MT) Analysis by Country, 2017-2032

Figure 64: Eastern Europe Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 65: Eastern Europe Licorice Root Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 66: Eastern Europe Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 67: Eastern Europe Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 68: Eastern Europe Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 69: Eastern Europe Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 70: Eastern Europe Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 71: Eastern Europe Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 72: Eastern Europe Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 73: Eastern Europe Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 74: Eastern Europe Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 75: Eastern Europe Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 76: Eastern Europe Licorice Root Market Attractiveness by Country, 2022-2032

Figure 77: APEJ Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 78: APEJ Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 79: APEJ Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 80: APEJ Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 81: APEJ Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 82: APEJ Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 83: APEJ Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 84: APEJ Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 85: APEJ Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 86: APEJ Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 87: APEJ Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 88: APEJ Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 89: APEJ Licorice Root Market Attractiveness by Country, 2022-2032

Figure 90: Japan Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 91: Japan Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 92: Japan Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 93: Japan Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 94: Japan Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 95: Japan Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 96: Japan Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 97: Japan Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 98: Japan Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 99: Japan Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 100: MEA Licorice Root Market Value (USD Mn ) Analysis by Country, 2017-2032

Figure 101: MEA Market Volume (MT) by Country, 2017-2032

Figure 102: MEA Licorice Root Market Value Share (%) and BPS Analysis by Country,  2022 & 2032

Figure 103: MEA Licorice Root Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 104: MEA Licorice Root Market Value (USD Mn ) Analysis by Product Form, 2017-2032

Figure 105: MEA Licorice Root Market Volume (MT) Analysis by Product Form, 2017-2032

Figure 106: MEA Licorice Root Market Value Share (%) and BPS Analysis by Product Form,  2022 & 2032

Figure 107: MEA Licorice Root Market Y-o-Y Growth (%) Projections by Product Form, 2022-2032

Figure 108: MEA Licorice Root Market Value (USD Mn ) Analysis by End Use, 2017-2032

Figure 109: MEA Licorice Root Market Volume (MT) Analysis by End Use, 2017-2032

Figure 110: MEA Licorice Root Market Value Share (%) and BPS Analysis by End Use,  2022 & 2032

Figure 111: MEA Licorice Root Market Y-o-Y Growth (%) Projections by End Use, 2022-2032

Figure 112: MEA Licorice Root Market Attractiveness by Product Form, 2022-2032

Figure 113: MEA Licorice Root Market Attractiveness by End Use, 2022-2032

Figure 114: MEA Licorice Root Market Attractiveness by Region, 2022-2032

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