LICORICE EXTRACT MARKET ANALYSIS
Increasing demand for herbal medicines, plant-based sweeteners, and growing awareness related to sugar-free products is expected to drive growth of licorice extracts market during the forecast period.
The pharmaceutical grade segment is expected to hold dominant position in the market owing to large medicinal applications of the extracts along with increasing use in cancer prevention. Food grade segment is expected to accounts for a substantial market share in terms of revenue. Increasing use of licorice extracts in food industry and growing demand for natural ingredient is projected to boost growth of the licorice market.
The licorice extracts market was valued at US$ 1,779.59 Mn in 2016 and is expected to expand at a CAGR of 5.7%, in terms of revenue, during 2017–2025.
Figure 1. Global Licorice Extracts Market Share, By Region
Asia Pacific is expected to account for a share of 34.40% in 2016, in global licorice market. The increasing usage of licorice extract for cancer treatment led to an increase in production of licorice extracts for application in the pharmaceutical industry for manufacturing herbal medicine.
Need a Custom Report?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
U.S.: 
U.K. : 
India : 
