MarkNtel Advisors recently published a detailed industry analysis of the Licorice Extract Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Licorice Extract Market (2023-2028)
The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28.
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What is driving the Licorice Extract Market?
Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market – Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.
Moreover, in line with its benefits, many cosmetic companies are conducting new research on analyzing the characteristics of this natural extract to manufacture clean-label products. Hence, with the growing R&D and innovation across the cosmetic sector, the Licorice Extract Market is presumed to escalate in the future years.
What segments define the Licorice Extract market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Product Type
(Food Grade, Feed Grade, Pharmaceutical Grade),
By Form
(Powder, Liquid, Block),
By End Users
(Food & Beverages , Pharmaceuticals, Tobacco, Others),
By Region
(North America, South America, Europe, The Middle East & Africa, Asia Pacific)
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Who are the leading key players shaping the Licorice Extract Market landscape?
Alfarid Corporation Limited, AOS Products Pvt. Ltd., Avestia Pharma, C.E. Roeper GmbH, F&C Licorice Ltd., Herbochem, Hyundai Bioland, Mafco Worldwide LLC, Maruzen Pharmaceuticals Co. Ltd., Norevo GmbH, Shaanxi FUJIE Pharmaceutical Co. Ltd., VPL Chemicals Pvt Ltd. , Beijing Gingko Group , Glycyrrhiza Glabra Co. Ltd., Ransom Naturals Ltd., Others
Questions Addressed in this Study
1.What factors are driving the Licorice Extract Market growth?
2.How is the Licorice Extract Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Licorice Extract Market?
4.What is the current size of the Licorice Extract Market, and how is it projected to change in the future?
6.What is the future outlook for the Licorice Extract Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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