Market Overview
The Licorice Root Market is witnessing significant growth as demand for natural and herbal ingredients continues to surge across the globe. Licorice root, derived from the Glycyrrhiza glabra plant, has long been valued for its medicinal, flavoring, and cosmetic properties. Today, with the growing preference for plant-based remedies and clean-label products, the market is entering a new phase of expansion.
Licorice root extracts are being increasingly used in pharmaceuticals, nutraceuticals, food & beverages, and cosmetics, driven by their anti-inflammatory, antioxidant, and antimicrobial properties. Moreover, as consumers shift away from synthetic additives, licorice-based formulations are gaining traction as natural alternatives for flavor enhancement and health improvement.
The rising prevalence of respiratory and digestive disorders is further propelling the demand for licorice root-based supplements and herbal medicines. Pharmaceutical companies are exploring the bioactive compounds of licorice, such as glycyrrhizin and flavonoids, for their potential in treating ulcers, skin ailments, and viral infections. Simultaneously, the food industry is incorporating licorice extracts into confectionery, beverages, and dietary supplements, boosting market penetration.
📘 Click to Request a Sample of this Report for Additional Market Insights: https://www.globalinsightservices.com/request-sample/?id=GIS23755
Market Dynamics
The Licorice Root Market is primarily driven by growing consumer awareness about the benefits of natural and herbal products. Increasing health consciousness and the global shift toward preventive healthcare are encouraging people to embrace herbal alternatives like licorice root.
Key drivers include:
-
Rising demand for herbal medicines and plant-based supplements.
-
Expansion of the functional food and nutraceutical sector.
-
Growing R&D investments in botanical extracts for pharmaceutical use.
-
Rising consumption of natural flavors and sweeteners.
However, the market faces challenges such as overharvesting, supply chain fluctuations, and regulatory constraints on glycyrrhizin content in food products. The limited availability of high-quality raw materials also poses a hurdle to manufacturers. Nonetheless, innovations in extraction technology, sustainable cultivation practices, and increased global trade in herbal ingredients are expected to mitigate these issues, ensuring steady market growth through 2035.
Have questions about the scope of report ? Inquire Before Buying – https://www.globalinsightservices.com/inquiry-before-buying/GIS23755
Key Players Analysis
The Licorice Root Market features a competitive landscape with both regional and global players focusing on product quality, sustainable sourcing, and formulation innovation. Major companies include Norevo GmbH, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd., F&C Licorice Ltd., ASEAN Bio Group, and Sepidan Osareh Co.
Norevo GmbH and Mafco Worldwide lead the market with advanced extraction processes and a diverse portfolio of licorice derivatives for food and pharmaceutical applications. Maruzen Pharmaceuticals emphasizes high-purity extracts for cosmetics and nutraceuticals, while F&C Licorice Ltd. and ASEAN Bio Group are expanding their distribution networks across Asia and Europe.
Collaborations between food manufacturers and herbal ingredient suppliers are also shaping the industry. Many brands are integrating licorice extracts into wellness beverages, herbal teas, and functional snacks to cater to modern consumer preferences for natural health products.
Regional Analysis
Asia-Pacific dominates the Licorice Root Market, particularly due to large-scale production in countries like China, India, and Iran. These nations not only supply raw materials but also lead in the processing and export of licorice derivatives for global markets. The increasing use of traditional Chinese and Ayurvedic medicine is further supporting regional market growth.
Europe is another key market, driven by high demand for natural flavoring agents in confectionery and the growing herbal medicine industry. Countries like Germany, Italy, and the UK are witnessing increased use of licorice in pharmaceutical formulations and dietary supplements.
In North America, consumer interest in herbal health products and clean-label formulations is driving the market. The U.S. market is seeing rising demand from both nutraceutical and personal care sectors, while the Middle East and Africa are expected to grow steadily due to the traditional use of licorice in herbal preparations and regional cuisines.
➤ Get the Freshest Market Data – Buy and get 25% off the Latest Version Available Now – https://www.globalinsightservices.com/checkout/excel_datapack/GIS23755
Recent News & Developments
-
2025: Mafco Worldwide introduced a new line of low-glycyrrhizin licorice extracts to meet global regulatory standards while maintaining flavor intensity.
-
2025: Maruzen Pharmaceuticals expanded its licorice-based product line for skincare, emphasizing natural anti-inflammatory benefits.
-
2024: Norevo GmbH announced a sustainability initiative aimed at promoting traceable and eco-friendly sourcing of licorice roots.
-
2024: Several herbal supplement brands in India launched licorice-infused immunity boosters, reflecting the post-pandemic focus on natural health enhancement.
These developments indicate strong growth prospects supported by innovation, responsible sourcing, and evolving consumer demand for holistic wellness solutions.
Browse Research Report: https://www.globalinsightservices.com/reports/licorice-root-market/
Scope of the Report
The Licorice Root Market Report provides a comprehensive analysis of market trends, growth drivers, key challenges, and competitive strategies. It covers detailed segmentation by form (powder, liquid extract, oil), application (pharmaceuticals, food & beverages, cosmetics), and region.
The report highlights emerging opportunities in sustainable licorice cultivation, biotech-based extraction methods, and functional food applications. As global consumers continue to prioritize natural ingredients, the licorice root industry is positioned for strong, long-term expansion through innovation and eco-conscious production.
Discover Additional Market Insights from Global Insight Services:
Arrowroot Starch Market is anticipated to expand from $3.32 billion in 2024 to $5.25 billion by 2034, growing at a CAGR of approximately 4.7%.
Kava Root Extract Market is anticipated to expand from $2.1 billion in 2024 to $4.5 billion by 2034, growing at a CAGR of approximately 7.9%.
Natural Food Colors & Flavors Market is anticipated to expand from $2.3 billion in 2024 to $4.6 billion by 2034, growing at a CAGR of approximately 7.2%.
Fruits And Vegetable Chips Market is anticipated to expand from $61.7 billion in 2024 to $113.6 billion by 2034, growing at a CAGR of approximately 6.3%.
About Us:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/