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Licorice Root-Global Market Insights and Sales Trends 2025
Synopsis
The global Licorice Root market size is expected to reach US$ 3637.6 million by 2029, growing at a CAGR of 7.9% from 2023 to 2029. The market is mainly driven by the significant applications of Licorice Root in various end use industries. The expanding demands from the Food & Beverage Industry, Tobacco Industry, Pharmaceutical Industry and Cosmetic Industry, are propelling Licorice Root market. Roots, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Extracts segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Licorice Root market, driven by demand from China, the second largest economy with some signs of stabilising, the Licorice Root market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Licorice Root, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Licorice Root market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Licorice Root market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Licorice Root sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Licorice Root covered in this report include Norevo, Mafco Worldwide, F&C Licorice, Zagros Licorice, Sepidan Osareh, VPL Chemicals, ASEH Licorice, Zelang, Maruzen Pharmaceuticals and Ransom Naturals, etc.
The global Licorice Root market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Norevo
Mafco Worldwide
F&C Licorice
Zagros Licorice
Sepidan Osareh
VPL Chemicals
ASEH Licorice
Zelang, Maruzen Pharmaceuticals
Ransom Naturals
Global Licorice Root market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Licorice Root market, Segment by Type:
Roots
Extracts
Global Licorice Root market, by Application
Food & Beverage Industry
Tobacco Industry
Pharmaceutical Industry
Cosmetic Industry
Dietary Supplements
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Licorice Root manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Licorice Root in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Licorice Root market size is expected to reach US$ 3637.6 million by 2029, growing at a CAGR of 7.9% from 2023 to 2029. The market is mainly driven by the significant applications of Licorice Root in various end use industries. The expanding demands from the Food & Beverage Industry, Tobacco Industry, Pharmaceutical Industry and Cosmetic Industry, are propelling Licorice Root market. Roots, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Extracts segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Licorice Root market, driven by demand from China, the second largest economy with some signs of stabilising, the Licorice Root market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Licorice Root, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Licorice Root market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Licorice Root market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Licorice Root sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Licorice Root covered in this report include Norevo, Mafco Worldwide, F&C Licorice, Zagros Licorice, Sepidan Osareh, VPL Chemicals, ASEH Licorice, Zelang, Maruzen Pharmaceuticals and Ransom Naturals, etc.
The global Licorice Root market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Norevo
Mafco Worldwide
F&C Licorice
Zagros Licorice
Sepidan Osareh
VPL Chemicals
ASEH Licorice
Zelang, Maruzen Pharmaceuticals
Ransom Naturals
Global Licorice Root market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Licorice Root market, Segment by Type:
Roots
Extracts
Global Licorice Root market, by Application
Food & Beverage Industry
Tobacco Industry
Pharmaceutical Industry
Cosmetic Industry
Dietary Supplements
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Licorice Root manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Licorice Root in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Licorice Root Market Overview
1.1 Licorice Root Product Overview
1.2 Licorice Root Market Segment by Type
1.2.1 Roots
1.2.2 Extracts
1.3 Global Licorice Root Market Size by Type
1.3.1 Global Licorice Root Market Size Overview by Type (2018-2029)
1.3.2 Global Licorice Root Historic Market Size Review by Type (2018-2023)
1.3.3 Global Licorice Root Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Licorice Root Sales Breakdown by Type (2018-2023)
1.4.2 Europe Licorice Root Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Licorice Root Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Licorice Root Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Licorice Root Sales Breakdown by Type (2018-2023)
2 Global Licorice Root Market Competition by Company
2.1 Global Top Players by Licorice Root Sales (2018-2023)
2.2 Global Top Players by Licorice Root Revenue (2018-2023)
2.3 Global Top Players by Licorice Root Price (2018-2023)
2.4 Global Top Manufacturers Licorice Root Manufacturing Base Distribution, Sales Area, Product Type
2.5 Licorice Root Market Competitive Situation and Trends
2.5.1 Licorice Root Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Licorice Root Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Licorice Root as of 2022)
2.7 Date of Key Manufacturers Enter into Licorice Root Market
2.8 Key Manufacturers Licorice Root Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Licorice Root Status and Outlook by Region
3.1 Global Licorice Root Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Licorice Root Historic Market Size by Region
3.2.1 Global Licorice Root Sales in Volume by Region (2018-2023)
3.2.2 Global Licorice Root Sales in Value by Region (2018-2023)
3.2.3 Global Licorice Root Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Licorice Root Forecasted Market Size by Region
3.3.1 Global Licorice Root Sales in Volume by Region (2024-2029)
3.3.2 Global Licorice Root Sales in Value by Region (2024-2029)
3.3.3 Global Licorice Root Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Licorice Root by Application
4.1 Licorice Root Market Segment by Application
4.1.1 Food & Beverage Industry
4.1.2 Tobacco Industry
4.1.3 Pharmaceutical Industry
4.1.4 Cosmetic Industry
4.1.5 Dietary Supplements
4.2 Global Licorice Root Market Size by Application
4.2.1 Global Licorice Root Market Size Overview by Application (2018-2029)
4.2.2 Global Licorice Root Historic Market Size Review by Application (2018-2023)
4.2.3 Global Licorice Root Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Licorice Root Sales Breakdown by Application (2018-2023)
4.3.2 Europe Licorice Root Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Licorice Root Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Licorice Root Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Licorice Root Sales Breakdown by Application (2018-2023)
5 North America Licorice Root by Country
5.1 North America Licorice Root Historic Market Size by Country
5.1.1 North America Licorice Root Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Licorice Root Sales in Volume by Country (2018-2023)
5.1.3 North America Licorice Root Sales in Value by Country (2018-2023)
5.2 North America Licorice Root Forecasted Market Size by Country
5.2.1 North America Licorice Root Sales in Volume by Country (2024-2029)
5.2.2 North America Licorice Root Sales in Value by Country (2024-2029)
6 Europe Licorice Root by Country
6.1 Europe Licorice Root Historic Market Size by Country
6.1.1 Europe Licorice Root Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Licorice Root Sales in Volume by Country (2018-2023)
6.1.3 Europe Licorice Root Sales in Value by Country (2018-2023)
6.2 Europe Licorice Root Forecasted Market Size by Country
6.2.1 Europe Licorice Root Sales in Volume by Country (2024-2029)
6.2.2 Europe Licorice Root Sales in Value by Country (2024-2029)
7 Asia-Pacific Licorice Root by Region
7.1 Asia-Pacific Licorice Root Historic Market Size by Region
7.1.1 Asia-Pacific Licorice Root Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Licorice Root Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Licorice Root Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Licorice Root Forecasted Market Size by Region
7.2.1 Asia-Pacific Licorice Root Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Licorice Root Sales in Value by Region (2024-2029)
8 Latin America Licorice Root by Country
8.1 Latin America Licorice Root Historic Market Size by Country
8.1.1 Latin America Licorice Root Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Licorice Root Sales in Volume by Country (2018-2023)
8.1.3 Latin America Licorice Root Sales in Value by Country (2018-2023)
8.2 Latin America Licorice Root Forecasted Market Size by Country
8.2.1 Latin America Licorice Root Sales in Volume by Country (2024-2029)
8.2.2 Latin America Licorice Root Sales in Value by Country (2024-2029)
9 Middle East and Africa Licorice Root by Country
9.1 Middle East and Africa Licorice Root Historic Market Size by Country
9.1.1 Middle East and Africa Licorice Root Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Licorice Root Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Licorice Root Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Licorice Root Forecasted Market Size by Country
9.2.1 Middle East and Africa Licorice Root Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Licorice Root Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Norevo
10.1.1 Norevo Company Information
10.1.2 Norevo Introduction and Business Overview
10.1.3 Norevo Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Norevo Licorice Root Products Offered
10.1.5 Norevo Recent Development
10.2 Mafco Worldwide
10.2.1 Mafco Worldwide Company Information
10.2.2 Mafco Worldwide Introduction and Business Overview
10.2.3 Mafco Worldwide Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Mafco Worldwide Licorice Root Products Offered
10.2.5 Mafco Worldwide Recent Development
10.3 F&C Licorice
10.3.1 F&C Licorice Company Information
10.3.2 F&C Licorice Introduction and Business Overview
10.3.3 F&C Licorice Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.3.4 F&C Licorice Licorice Root Products Offered
10.3.5 F&C Licorice Recent Development
10.4 Zagros Licorice
10.4.1 Zagros Licorice Company Information
10.4.2 Zagros Licorice Introduction and Business Overview
10.4.3 Zagros Licorice Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Zagros Licorice Licorice Root Products Offered
10.4.5 Zagros Licorice Recent Development
10.5 Sepidan Osareh
10.5.1 Sepidan Osareh Company Information
10.5.2 Sepidan Osareh Introduction and Business Overview
10.5.3 Sepidan Osareh Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sepidan Osareh Licorice Root Products Offered
10.5.5 Sepidan Osareh Recent Development
10.6 VPL Chemicals
10.6.1 VPL Chemicals Company Information
10.6.2 VPL Chemicals Introduction and Business Overview
10.6.3 VPL Chemicals Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.6.4 VPL Chemicals Licorice Root Products Offered
10.6.5 VPL Chemicals Recent Development
10.7 ASEH Licorice
10.7.1 ASEH Licorice Company Information
10.7.2 ASEH Licorice Introduction and Business Overview
10.7.3 ASEH Licorice Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ASEH Licorice Licorice Root Products Offered
10.7.5 ASEH Licorice Recent Development
10.8 Zelang, Maruzen Pharmaceuticals
10.8.1 Zelang, Maruzen Pharmaceuticals Company Information
10.8.2 Zelang, Maruzen Pharmaceuticals Introduction and Business Overview
10.8.3 Zelang, Maruzen Pharmaceuticals Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Zelang, Maruzen Pharmaceuticals Licorice Root Products Offered
10.8.5 Zelang, Maruzen Pharmaceuticals Recent Development
10.9 Ransom Naturals
10.9.1 Ransom Naturals Company Information
10.9.2 Ransom Naturals Introduction and Business Overview
10.9.3 Ransom Naturals Licorice Root Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Ransom Naturals Licorice Root Products Offered
10.9.5 Ransom Naturals Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Licorice Root Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Licorice Root Industrial Chain Analysis
11.4 Licorice Root Market Dynamics
11.4.1 Licorice Root Industry Trends
11.4.2 Licorice Root Market Drivers
11.4.3 Licorice Root Market Challenges
11.4.4 Licorice Root Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Licorice Root Distributors
12.3 Licorice Root Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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