The Southeast Asia Ammoniated Glycyrrhizin market was valued at USD 28.7 million in 2024 and is projected to reach USD 42.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period (2024-2030). This natural sweetener derived from licorice root is gaining traction across food, beverage, and pharmaceutical sectors as consumers increasingly demand plant-based alternatives to artificial additives.

As regional manufacturers innovate with extraction technologies and application-specific formulations, we examine the Top 10 Companies in the Southeast Asia Ammoniated Glycyrrhizin Market – from Thai extraction specialists to Indonesian organic producers shaping the industry’s sustainable future.

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🔟 1. F&C Licorice Ltd.

Headquarters: Bangkok, Thailand
Key Offering: Pharmaceutical-grade AG (99.5% purity)

This Thai market leader controls 18% of regional ammoniated glycyrrhizin production through vertically integrated operations spanning cultivation to final distribution. Their pharmaceutical-grade products are exported to 23 countries.

Innovation Profile:

• Patented low-temperature extraction process preserves bioactive compounds
• Strategic MOU with Japan’s largest pharmaceutical distributor
• First ASEAN producer to achieve cGMP certification

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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9️⃣ 2. PT. Haldin Pacific Semesta

Headquarters: Jakarta, Indonesia
Key Offering: Organic-certified food-grade AG

Haldin dominates Indonesia’s licorice extract sector with 320 hectares of organic cultivation. Their products meet strict EU and FDA standards for natural sweeteners in confectionery and beverages.

Certifications:

• USDA Organic and EU Organic certified
• Halal certification for Muslim-majority markets
• Kosher certification for global food manufacturers

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8️⃣ 3. Vinh Hoan Corporation

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: Cost-effective AG for industrial applications

Vinh Hoan’s modern processing facilities deliver competitive pricing while maintaining 98% purity standards. The company supplies major food manufacturers across ASEAN and exports to China’s sweetener market.

Operational Strengths:

• 12,000 MT annual production capacity
• Vietnam’s only licorice extract producer with HACCP certification
• Strategic partnerships with Chinese distributors

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7️⃣ 4. Norevo GmbH (Southeast Asia Division)

Regional Office: Singapore
Key Offering: Ultra-pure AG for pharmaceutical applications

The German specialty chemicals company brings European quality standards to Southeast Asia through its Singapore operations, serving regional pharma manufacturers with 99.8% purity ammoniated glycyrrhizin.

Quality Benchmark:

• Meets USP and EP pharmacopeia standards
• ISO 13485 certified for medical applications
• Documented DMF filings with FDA

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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6️⃣ 5. Mafco Worldwide LLC (ASEAN Branch)

Regional HQ: Kuala Lumpur, Malaysia
Key Offering: Flavonoid-enhanced AG formulations

The global licorice leader’s regional division focuses on value-added products combining ammoniated glycyrrhizin with complementary bioactive compounds for nutraceutical applications.

Technical Capabilities:

• 3 patented AG-polyphenol complexes
• Malaysia’s only dedicated AG R&D center
• Clinical trials for digestive health claims

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5️⃣ 6. San-Ei Gen F.F.I. (Thailand)

Headquarters: Chonburi, Thailand
Key Offering: Japanese food formulation specialties

This Thai-Japanese joint venture develops customized AG solutions for Japanese food manufacturers operating across ASEAN, with particular expertise in umami enhancement.

Market Positioning:

• Exclusive supplier to 5 major Japanese food brands
• JAS-certified processing facilities
• Proprietary taste-masking technologies

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4️⃣ 7. PureCircle (Malaysia) Sdn Bhd

Headquarters: Johor Bahru, Malaysia
Key Offering: AG-stevia synergy blends

Leveraging its stevia expertise, PureCircle Malaysia has become the regional leader in combining ammoniated glycyrrhizin with other natural sweeteners for reduced-calorie applications.

Innovation Pipeline:

• 17 patent filings for sweetener systems
• First commercial AG-stevia blend launched in 2023
• Exclusive supplier to regional beverage manufacturers

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3️⃣ 8. Indesso Group

Headquarters: Tangerang, Indonesia
Key Offering: Traditional medicine formulations

Indesso has successfully positioned ammoniated glycyrrhizin as a key ingredient in Indonesia’s traditional Jamu remedies, while maintaining GMP compliance for pharmaceutical applications.

Regulatory Compliance:

• BPOM (Indonesia FDA) certified production
• Halal and traditional medicine certifications
• Documented safety studies for herbal applications

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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2️⃣ 9. Cheng Du Wuhou Biology Engineering Co. (ASEAN Division)

Regional Office: Singapore
Key Offering: Value-priced AG for industrial users

The Singapore outpost of this Chinese licorice specialist provides cost-effective ammoniated glycyrrhizin to regional manufacturers of processed foods and animal feed additives.

Market Advantages:

• 40% lower production costs than regional competitors
• Established supply chain from Chinese raw materials
• Bulk container shipping for industrial customers

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1️⃣ 10. PT. MARKONI

Headquarters: Surabaya, Indonesia
Key Offering: Tobacco industry specialty AG

MARKONI has developed proprietary ammoniated glycyrrhizin formulations for Indonesia’s kretek cigarette manufacturers, where it serves as both flavor enhancer and moisture regulator.

Specialized Expertise:

• 8 tobacco-specific AG formulations
• GMP-certified dedicated production line
• Technical service team for cigarette manufacturers

Get Full Report Here: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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🌱 Outlook: Ammoniated Glycyrrhizin’s Evolving Role in Southeast Asia

The Southeast Asian market for ammoniated glycyrrhizin is entering a phase of sophisticated product segmentation as consumers demand functional benefits beyond basic sweetness.

📈 Emerging Market Trends:

• Clean-label product reformulations replacing artificial sweeteners
• Pharmaceutical applications in cough syrups and digestive aids
• Value-added nutraceutical formulations with enhanced bioavailability
• Sustainable cultivation practices for licorice sourcing

Get Full Report Here: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

The companies profiled represent the vanguard of innovation in Southeast Asia’s ammoniated glycyrrhizin sector, each carving distinct market positions through technical expertise and application-specific solutions.