The Southeast Asia Ammoniated Glycyrrhizin Market was valued at USD 58.7 million in 2023 and is projected to reach USD 82.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024-2030). This robust growth stems from increasing demand for plant-based sweeteners across Thailand, Indonesia, Vietnam, and other ASEAN countries, particularly in food & beverage, pharmaceutical, and personal care applications.
As consumers shift toward cleaner-label ingredients, ammoniated glycyrrhizin – derived from licorice root – has emerged as a multifunctional ingredient with sweetness-enhancing, anti-inflammatory, and flavor-masking properties. Leading manufacturers are investing in regional production facilities and application-specific formulations to capture this growing demand.
🔟 1. Norevo GmbH
Headquarters: Hamburg, Germany
Key Offering: Pharmaceutical and food-grade ammoniated glycyrrhizin
This European specialty chemical company has established itself as a preferred supplier to Indonesian and Malaysian food processors, offering Halal-certified glycyrrhizin extracts with purity levels exceeding 95%.
Market Strategies:
- Customized solubility-enhancing formulations for traditional Southeast Asian beverages
- Strategic partnerships with local sweetener distributors
Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report
9️⃣ 2. VPL Chemicals Pvt. Ltd.
Headquarters: Mumbai, India
Key Offering: Cost-competitive industrial-grade products
VPL Chemicals has captured significant market share in Cambodia and Myanmar through aggressive pricing strategies, offering bulk packaging options tailored to small-scale manufacturers.
Market Strategies:
- Localized distribution networks in secondary ASEAN markets
- Economy-grade formulations for traditional medicine applications
8️⃣ 3. Shaanxi Jiahe Phytochem Co., Ltd.
Headquarters: Xi’an, China
Key Offering: High-purity pharmaceutical extracts
This Chinese manufacturer’s ISO 22000 certified facility supplies over 35% of Vietnam’s pharmaceutical-grade ammoniated glycyrrhizin demand, with specialized formulations for traditional herbal remedies.
Market Strategies:
- Joint ventures with Vietnamese herbal supplement producers
- Cold-water soluble variants for instant beverage applications
7️⃣ 4. Frutarom Health
Headquarters: Haifa, Israel
Key Offering: Organic-certified glycyrrhizin extracts
The company’s Singapore regional hub services premium food manufacturers across ASEAN, with products certified for both organic and Halal applications.
Market Strategies:
- Flavor modulation systems for Southeast Asian spice profiles
- Sustainable sourcing initiatives with Indonesian farmers
Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report
6️⃣ 5. Mafco Worldwide LLC
Headquarters: Camden, USA
Key Offering: Patented Magnasweet® formulations
As part of MacAndrews & Forbes, Mafco dominates high-margin pharmaceutical applications with its clinically-proven anti-inflammatory glycyrrhizin compounds approved by ASEAN regulatory agencies.
Market Strategies:
- University research collaborations in Thailand
- Dosing optimization for traditional medicine integration
5️⃣ 6. Maruzen Pharmaceuticals
Headquarters: Tokyo, Japan
Key Offering: Ultra-pure grade for injectables
The Japanese firm’s cGMP-certified production lines supply premium pharmaceutical manufacturers across Singapore and Malaysia with 99%+ purity ammoniated glycyrrhizin.
Market Strategies:
- Specialized oncology formulations
- Cold chain distribution partnerships
4️⃣ 7. AminoScience Labs
Headquarters: Gujarat, India
Key Offering: Blended sweetener systems
This Indian innovator has developed cost-effective glycyrrhizin-stevia blends that are gaining popularity among Philippine beverage manufacturers seeking sugar reduction solutions.
Market Strategies:
- Application-specific sweetener optimization
- Small-batch production for regional flavor profiles
3️⃣ 8. Xi’an Lyphar Biotech
Headquarters: Xi’an, China
Key Offering: Organic solvent-free extracts
Lyphar’s ethanol-free extraction technology appeals to health-conscious ASEAN consumers, with particular success in Thailand’s functional food sector.
Market Strategies:
- Clean-label marketing initiatives
- Direct-to-manufacturer supply programs
Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report
2️⃣ 9. Novaphene Specialities
Headquarters: Hyderabad, India
Key Offering: Customized co-processed ingredients
Novaphene’s value-added delivery systems combine ammoniated glycyrrhizin with bioavailability enhancers for premium supplement applications across Malaysia and Indonesia.
Market Strategies:
- Patent-protected formulation technologies
- Joint application development with local brands
1️⃣ 10. Fujian ZhiAn Biochemical
Headquarters: Fujian, China
Key Offering: Industrial-scale standard grade
As one of China’s largest licorice extract producers, Fujian ZhiAn supplies bulk ammoniated glycyrrhizin to multinational food companies operating processing facilities in Vietnam and Thailand.
Market Strategies:
- Vertical integration with raw material sourcing
- Economies of scale pricing advantages
🌱 Market Outlook: Natural Sweeteners Gain Momentum
The Southeast Asia ammoniated glycyrrhizin market is transitioning toward more sophisticated applications as regional manufacturers upgrade technical capabilities.
📈 Emerging Trends:
- Rising demand for sugar reduction solutions in traditional snacks and beverages
- Increasing pharmaceutical applications in digestive health formulations
- Growing preference for clean-label extracts in personal care products
- Vertical integration among producers to ensure supply chain reliability
Get Full Report Here: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report
These market leaders are driving innovation across the ASEAN region, developing application-specific solutions that cater to local taste preferences and regulatory requirements while meeting the growing demand for plant-based functional ingredients.
