Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-347-918-3531

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Market Outlook from 2024 to 2034

The licorice root market is anticipated to be worth US$ 980.0 million in 2024. The market is projected to reach US$ 2,002.1 million by 2034. The market is further expected to surge at a CAGR of 7.4% during the forecast period 2024 to 2034.

Key Market Trends and Highlights

  • Increasing awareness regarding the health benefits is a major factor that is anticipated to boost the growth of the licorice root market.
  • Rising preference for natural ingredients is another major factor that is expected to accelerate the market growth.
  • Expansion of applications of licorice roots in herbal supplements, skincare products, and in the confectionery industry is further paving the way for the market.
  • The demand for licorice root based products is expected to increase, with an increasing interest in alternative and complementary medicine globally.
Attributes Key Insights
Licorice Root Market Estimated Size in 2024 US$ 980.0 million
Projected Market Value in 2034 US$ 2,002.1 million
Value-based CAGR from 2024 to 2034 7.4%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

The scope for licorice root rose at a 7.4% CAGR between 2019 and 2023. The global market is anticipated to grow at a moderate CAGR of 6.9% over the forecast period 2024 to 2034.

Factors including increasing consumer awareness of the health benefits of licorice root, as well as the increasing popularity of natural and herbal remedies, accelerated the market growth during the historical period.

Increasing applications in various industries such as pharmaceuticals, food and beverages, cosmetics, coupled with technological advancements in extraction processes also contributed to market growth.

Increasing consumer awareness of preventive healthcare and the importance of natural remedies in disease management are the anticipated to augment the demand for licorice root products, particularly in the nutraceutical and functional food sectors.

Favorable regulatory frameworks supporting the use of licorice root in various applications, as well as increased research validating its therapeutic properties, are expected to facilitate market expansion in the forthcoming years.

Increasing consumer preferences for sustainably sourced and ethically produced ingredients may incentivize companies to adopt sustainable sourcing practices, ensuring a stable supply of licorice root while meeting environmental and social responsibility standards.

Licorice Root Market Key Drivers

  • Technological advancements in extraction technologies are enabling manufacturers to produce high quality licorice extracts efficiently, thereby propelling the market growth.
  • Factors including growing disposable incomes, changing lifestyles, and increasing health awareness, are increasing demand for licorice root products.
  • The regulatory support is expected to boost market growth by instilling consumer confidence in licorice root based products.
  • Companies are increasingly engaging in partnerships and collaborations to expand their product portfolios and geographical presence in the licorice root market.
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Challenges in the Licorice Root Market

  • Competition from synthetic alternatives is anticipated to pose a competitive threat to licorice root based products.
  • Infestations or outbreaks of plant diseases is another major factor that is anticipated to hamper the market growth.
  • Licorice root consumption may pose risks, especially when consumed in large quantities or by certain populations, such as pregnant women, individuals with hypertension, or those taking certain medications.
  • Concerns about allergenic potential are expected to limit the use of licorice root in certain products and applications, impacting market growth.

Comparative View of Adjacent Industries

Future Market Insights has compared two other industries, root beer market, and chicory roots market. Rising preference for clean-label products is a major factor that is anticipated to accelerate the market prospects.

The rising trend of craft beverages, including craft sodas like root beer, is anticipated to accelerate the market growth. Consumers are increasingly seeking natural and plant based ingredients in their food and beverages, which is further driving demand in the market.

Licorice Root Market:

Attributes Licorice Root Market
CAGR from 2024 to 2034 7.4%
Key Trends
  • The rising prevalence of respiratory disorders globally presents opportunities for licorice root based products targeting respiratory health.
  • There is a growing demand for customized nutrition solutions tailored to individual health needs, which is accelerating the market growth.
Opportunity
  • Licorice root extracts, known for their anti-inflammatory and skin soothing properties, are increasingly being incorporated into skincare formulations targeting sensitive or problematic skin.
  • There is a growing demand for natural alternatives to sugar. Licorice root extract, as the negative health effects of refined sugars become more widely recognized.

Root Beer Market:

Attributes Root Beer Market
CAGR from 2022 to 2032 5.4%
Key Trends
  • Manufacturers are introducing innovative flavor variations of root beer to cater to diverse consumer preferences, which is augmenting the market prospects.
  • Root beer brands that offer products made with natural sweeteners, botanical extracts, and fewer artificial additives appeal to health conscious consumers.
Opportunity
  • The availability of root beer in various formats and channels enhances accessibility and convenience, driving market growth.
  • The rising preference for non-alcoholic beverages, driven by health conscious lifestyles, religious considerations, and social trends, is boosting the demand for root beer.

Chicory Roots Market:

Attributes Chicory Roots Market
CAGR from 2023 to 2033 4.1%
Key Trends
  • Growing Interest in Functional Foods and Beverages is a major factor that is anticipated to boost the market growth.
  • Increasing awareness regarding the health benefits is another major factor that is contributing to market growth.
Opportunity
  • Manufacturers are diversifying their product offerings to include a wide range of chicory root based products such as chicory flour, chicory syrup, chicory extracts, and chicory based beverages.
  • The market for chicory based coffee substitutes is expanding, with growing concerns about caffeine consumption and interest in alternative beverages, driving growth in the chicory roots market.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Country-wise Insights

The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and Japan. The countries are expected to lead the market through 2034.

Countries Forecast CAGRs from 2024 to 2034
The United States 5.1%
Germany 3.5%
China 5.9%
Japan 6.3%
India 7.9%

Expanding Applications in Food and Beverages Driving the Market in the United States

The licorice root market in the United States expected to expand at a CAGR of 5.1% through 2034. Licorice root is widely used as a flavoring agent in the food and beverage industry.

The demand for licorice root as a natural flavor enhancer is expected to rise, with the popularity of herbal teas, confectionery products, and functional beverages, fueling the market growth.

There is a growing preference for natural and herbal remedies, as consumers become more health conscious. Licorice root, with its various medicinal properties and long history of use in traditional medicine, is experiencing increased demand as consumers seek natural alternatives to synthetic medications.

Innovation in Product Formulations to Accelerate Market Growth in Germany

The licorice root market in Germany is anticipated to expand at a CAGR of 3.5% through 2034. Manufacturers in Germany are innovating to develop new licorice based products that cater to changing consumer preferences and dietary trends.

The innovation includes the introduction of organic and sugar free licorice options, as well as licorice infused beverages and snacks, driving market expansion. The market for functional foods and dietary supplements is expanding in Germany, driven by increasing health awareness and a desire for preventive healthcare solutions.

Licorice root extracts, valued for their medicinal properties and potential health benefits, are increasingly incorporated into functional foods and supplements, fueling market growth.

Rising Health Consciousness Accelerate the Market in China

Licorice root trends in China are taking a turn for the better. A 5.9% CAGR is forecast for the country from 2024 to 2034. There is increasing demand for natural and herbal remedies, with growing health awareness and an aging population in China.

Licorice root, known for its anti-inflammatory, anti-viral, and immune boosting properties, is sought after by consumers seeking alternatives to conventional medications.

Licorice root has been a key ingredient in Traditional Chinese Medicine for centuries, valued for its various medicinal properties. The continued use of licorice root in TCM formulations and remedies drives demand in China, as consumers place trust in its efficacy and healing properties.

Cultural Significance Fueling the Market in Japan

The licorice root market in Japan is poised to expand at a CAGR of 6.3% through 2034. Licorice root holds cultural significance in Japan, where it is used not only in traditional medicine but also in culinary and cultural practices.

Its familiarity and popularity among Japanese consumers contribute to sustained demand and market growth. Licorice root extracts are valued in the cosmetics industry for their skin soothing, anti-inflammatory, and brightening properties.

The demand for licorice root extracts in cosmetics formulations is expected to increase, with the growth of the beauty and personal care market in Japan, fueled by a strong interest in skincare products and beauty rituals.

Supportive Regulatory Environment for Herbal Products Driving the Demand in India

The licorice root market in India is anticipated to expand at a CAGR of 7.9% through 2034. India has a regulatory framework that supports the use and marketing of herbal products, including those containing licorice root extracts.

Regulations such as the Ayurvedic Pharmacopoeia of India provide guidelines for the quality, safety, and efficacy of herbal medicines and supplements, creating opportunities for licorice root products to enter the market.

Licorice root extracts, particularly glycyrrhizin, are valued as natural sweeteners with a unique flavor profile.

The demand for natural sweeteners like licorice root extract is expected to increase, with growing concerns about the health risks associated with refined sugars and artificial sweeteners.

Category-wise Insights

The below table highlights how extracts segment is projected to lead the market in terms of product form, and is expected to account for a share of 70.3% in 2024.

Based on end use, the tobacco industry segment is expected to account for a share of 70.9% in 2024.

Category Shares in 2024
Extracts 70.3%
Tobacco Industry 70.9%

Extracts Claims High Demand for Licorice Root

Based on product form, the extracts segment is expected to continue dominating the licorice root market. Licorice root extracts are known for their medicinal properties, including anti-inflammatory, anti-viral, and anti-bacterial properties.

There is growing interest in licorice root extracts for their potential health benefits, as consumers become more health conscious and seek natural remedies, fueling demand in the market segment.

Consumers are increasingly seeking products made with natural and plant based ingredients. Licorice root extracts, derived from the root of the Glycyrrhiza plant, are valued for their natural sweetness, flavor, and various health benefits, driving demand in the extracts segment.

Tobacco Industry Segment to Hold High Demand for Licorice Root

In terms of end use, the tobacco industry segment is expected to continue dominating the licorice root market, attributed to several key factors.

Manufacturers are exploring alternative flavoring agents to maintain consumer preferences for menthol like sensations, with rising regulations and restrictions on the use of menthol in tobacco products due to health concerns. Licorice root extracts, with their cooling and soothing properties, are often used as a natural alternative to menthol, driving their adoption in the tobacco industry.

Licorice root is commonly used as a flavoring agent in tobacco products, particularly in the manufacture of flavored cigarettes, cigars, and pipe tobaccos. Its distinct sweet and aromatic flavor profile enhances the taste and aroma of tobacco blends, appealing to consumers seeking flavored smoking experiences.

Competitive Landscape

The competitive landscape of the Licorice Root Market is characterized by the presence of numerous players operating across different regions and segments of the market.

The players range from small scale growers and local suppliers to large multinational corporations involved in licorice root cultivation, extraction, processing, and distribution.

The competitive dynamics within the market are influenced by factors such as product quality, innovation, pricing strategies, distribution networks, regulatory compliance, and branding efforts.

Company Portfolio

  • Naturex, a subsidiary of Givaudan, is a leading global supplier of natural ingredients, including licorice root extracts. The company offers a wide range of licorice root products, catering to various industries including food and beverages, pharmaceuticals, and cosmetics. Naturex emphasizes product quality, innovation, and sustainability in its operations.
  • Fratelli D'Amico Societa' Di Esercizio S.P.A. is a prominent Italian company specializing in licorice root cultivation, processing, and trading. The company, with decades of experience in the industry, is known for its high quality licorice root products and strong presence in both domestic and international markets.

Key Coverage in the Licorice Root Industry Report

  • Licorice root extract
  • Licorice root powder
  • Licorice root benefits
  • Licorice root uses
  • Licorice root production
  • Licorice root cultivation
  • Natural Sweeteners Market
  • Botanical Extracts Market
  • Traditional Medicine Market
  • Functional Foods Market
  • Herbal Teas Market
  • Confectionery Market
  • Pharmaceutical Ingredients Market
  • Cosmetics and Personal Care Market
  • Health and Wellness Products Market

Report Scope

Attribute Details
Estimated Market Size in 2024 US$ 980.0 million
Projected Market Valuation in 2034 US$ 2,002.1 million
Value-based CAGR 2024 to 2034 7.4%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Market Analysis Value in US$ Billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa
Key Market Segments Covered
  • Product Form
  • End Use
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • France
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • FC Licorice
  • Norevo GmbH
  • Zagros Licorice Co.
  • Naturex SA
  • Sepidan Osareh Co.
  • VPL Chemicals
  • MAFCO Worldwide LLC
  • Aseh Co.

Segmentation Analysis of the Pallet Box Market

By Product Form:

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

By End Use:

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

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East and Africa

Frequently Asked Questions

What is the anticipated value of the Licorice Root market in 2024?

The licorice root market is projected to reach a valuation of US$ 980.0 million in 2024.

What is the expected CAGR for the Licorice Root market until 2034?

The licorice root industry is set to expand by a CAGR of 7.4% through 2034.

How much valuation is projected for the Licorice Root market in 2034?

The licorice root market is forecast to reach US$ 2,002.1 million by 2034.

Which country is projected to lead the Licorice Root market?

Korea is expected to be the top performing market, exhibiting a CAGR of 7.9% through 2034.

Which is the dominant product form in the Licorice Root domain?

Extracts segment is preferred, and is expected to account for a share of 70.3% through 2024.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Form

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product Form, 2019 to 2023

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product Form, 2024 to 2034

        5.3.1. Roots

        5.3.2. Extracts

        5.3.3. Powder

        5.3.4. Paste

        5.3.5. Others

    5.4. Y-o-Y Growth Trend Analysis By Product Form, 2019 to 2023

    5.5. Absolute $ Opportunity Analysis By Product Form, 2024 to 2034

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End-User, 2019 to 2023

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End-User, 2024 to 2034

        6.3.1. Food & Beverage Industry

        6.3.2. Tobacco Industry

        6.3.3. Pharmaceutical Industry

        6.3.4. Cosmetic Industry

        6.3.5. Dietary Supplements

    6.4. Y-o-Y Growth Trend Analysis By End-User, 2019 to 2023

    6.5. Absolute $ Opportunity Analysis By End-User, 2024 to 2034

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023

    7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Product Form

        8.2.3. By End-User

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Product Form

        8.3.3. By End-User

    8.4. Key Takeaways

9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Product Form

        9.2.3. By End-User

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product Form

        9.3.3. By End-User

    9.4. Key Takeaways

10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. UK

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Product Form

        10.2.3. By End-User

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Form

        10.3.3. By End-User

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Product Form

        11.2.3. By End-User

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Form

        11.3.3. By End-User

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Product Form

        12.2.3. By End-User

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Form

        12.3.3. By End-User

    12.4. Key Takeaways

13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Product Form

        13.2.3. By End-User

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Form

        13.3.3. By End-User

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Product Form

        14.2.3. By End-User

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Form

        14.3.3. By End-User

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2023

            15.1.2.1. By Product Form

            15.1.2.2. By End-User

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2023

            15.2.2.1. By Product Form

            15.2.2.2. By End-User

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2023

            15.3.2.1. By Product Form

            15.3.2.2. By End-User

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2023

            15.4.2.1. By Product Form

            15.4.2.2. By End-User

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2023

            15.5.2.1. By Product Form

            15.5.2.2. By End-User

    15.6. UK

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2023

            15.6.2.1. By Product Form

            15.6.2.2. By End-User

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2023

            15.7.2.1. By Product Form

            15.7.2.2. By End-User

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2023

            15.8.2.1. By Product Form

            15.8.2.2. By End-User

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2023

            15.9.2.1. By Product Form

            15.9.2.2. By End-User

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2023

            15.10.2.1. By Product Form

            15.10.2.2. By End-User

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2023

            15.11.2.1. By Product Form

            15.11.2.2. By End-User

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2023

            15.12.2.1. By Product Form

            15.12.2.2. By End-User

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2023

            15.13.2.1. By Product Form

            15.13.2.2. By End-User

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2023

            15.14.2.1. By Product Form

            15.14.2.2. By End-User

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2023

            15.15.2.1. By Product Form

            15.15.2.2. By End-User

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2023

            15.16.2.1. By Product Form

            15.16.2.2. By End-User

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2023

            15.17.2.1. By Product Form

            15.17.2.2. By End-User

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2023

            15.18.2.1. By Product Form

            15.18.2.2. By End-User

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2023

            15.19.2.1. By Product Form

            15.19.2.2. By End-User

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2023

            15.20.2.1. By Product Form

            15.20.2.2. By End-User

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2023

            15.21.2.1. By Product Form

            15.21.2.2. By End-User

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2023

            15.22.2.1. By Product Form

            15.22.2.2. By End-User

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2023

            15.23.2.1. By Product Form

            15.23.2.2. By End-User

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product Form

        16.3.3. By End-User

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. FC Licorice

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Norevo GmbH

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Zagros Licorice Co.

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Naturex SA

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Sepidan Osareh Co.

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. VPL Chemicals

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. MAFCO Worldwide LLC

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Aseh Co.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Glycyrrhiza Glabra Co, Ltd

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Shadian

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

Recommendations

Food and Beverage

Licorice Candy Market

Published : June 2023

Food and Beverage

Chicory Roots Market

Published : December 2022

Food and Beverage

Root Beer Market

Published : December 2022

Food and Beverage

Licorice Extract Market

Published : October 2022

Explore Food and Beverage Insights

View Reports