The Global Glycyrrhizinate Extract Market was valued at USD 380.2 Million in 2023 and is projected to reach USD 542.7 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024-2029). This growth stems from expanding pharmaceutical applications, surging demand in cosmetics, and increasing utilization in natural sweeteners and biological pesticides.

Derived from licorice root, glycyrrhizinate extract has emerged as a versatile bioactive compound with anti-inflammatory, antioxidant, and skin-conditioning properties. As global demand escalates, leading manufacturers are enhancing production capabilities while advancing extraction technologies. This article profiles the Top 10 Companies in the Glycyrrhizinate Extract Industry that are shaping market dynamics through innovation and quality leadership.

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🔟 1. Tiansheng Pharmaceuticals

Headquarters: Xi’an, China
Key Offering: Pharmaceutical-grade Glycyrrhizinate (≥98% purity)

A frontrunner in plant-derived APIs, Tiansheng Pharmaceuticals maintains complete vertical integration from licorice cultivation to final extraction. The company’s GMP-certified facilities specialize in high-purity compounds for global pharmaceutical applications.

Key Developments:

• 200 MT annual production capacity
• FDA and EDQM compliance certifications
• Patented supercritical CO₂ extraction technology

Download FREE Sample Report: Glycyrrhizinate Extract Market – View in Detailed Research Report

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9️⃣ 2. Shannxi Zhongxin Biotechnologies

Headquarters: Shaanxi, China
Key Offering: Glycyrrhizinic Acid Derivatives

With over two decades of expertise, Shannxi Zhongxin has perfected licorice extractions for cosmetic and food applications. The company’s ammonium glycyrrhizinate formulations are widely used in skincare products globally.

Key Developments:

• ISO 22716 Cosmetics GMP certification
• 40%+ export distribution network
• Water-soluble glycyrrhizinate patent portfolio

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8️⃣ 3. Xi’an Zhuorui Biotechnology

Headquarters: Xi’an, China
Key Offering: Certified Organic Extracts

Zhuorui Biotechnology meets growing demand for natural personal care ingredients with certified organic and kosher glycyrrhizinate extracts. Their eco-friendly extraction process preserves bioactive integrity.

Key Developments:

• USDA Organic and Ecocert certifications
• 15 MT monthly production output
• Halal certification for Middle East markets

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7️⃣ 4. Harbin Aolin Pharmaceutical

Headquarters: Harbin, China
Key Offering: TCM Formulations

As a leader in traditional Chinese medicine, Aolin integrates glycyrrhizinate into over 300 proprietary formulations while supplying raw materials to domestic healthcare manufacturers.

Key Developments:

• 12 patented TCM preparations
• CNAS-certified testing facilities
• Strategic hospital partnerships

Download FREE Sample Report: Glycyrrhizinate Extract Market – View in Detailed Research Report

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6️⃣ 5. Xi’an Yuansen Biological Technology

Headquarters: Xi’an, China
Key Offering: Food-Grade Sweeteners

Yuansen specializes in glycyrrhizinate-based sugar alternatives that are 50-100 times sweeter than sucrose, catering to the health-conscious food and beverage sector.

Key Developments:

• FDA GRAS certification
• Custom sweetener blending services
• Export to 30+ countries

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5️⃣ 6. Ruihong Bio-technique

Headquarters: Henan, China
Key Offering: Cosmetic Standardized Extracts

Ruihong provides consistent, bioactive-rich glycyrrhizinate formulations preferred by global cosmetic brands for skin-brightening and anti-aging products.

Key Developments:

• REACH and ISO 16128 compliant
• Private label formulation services
• QC procedures exceeding industry standards

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4️⃣ 7. ATP Glycyrrhizinate Center

Headquarters: Shandong, China
Key Offering: Research-Grade Compounds

This innovation-driven company develops specialized glycyrrhizinate derivatives for pharmaceutical R&D and therapeutic applications.

Key Developments:

• Academic research collaborations
• Pilot-scale custom synthesis
• Analytical method development

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3️⃣ 8. Mafco Magnasweet

Headquarters: Camden, New Jersey, USA
Key Offering: Flavor Modifiers

Mafco’s glycyrrhizinate-based Magnasweet® products serve the global food industry as natural flavor enhancers and bitterness masking agents.

Key Developments:

• FDA-approved food additives
• Global distribution network
• Custom flavor solutions

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2️⃣ 9. Alps Pharmaceutical Ind

Headquarters: Gifu, Japan
Key Offering: JP/EP Grade Extracts

Alps Pharmaceutical meets stringent Japanese and European pharmacopoeia standards for glycyrrhizinate purity and consistency in pharmaceutical applications.

Key Developments:

• Stabilization technology patents
• Medical device-grade formulations
• Asia-Pacific distribution leadership

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1️⃣ 10. Nikkol Group

Headquarters: Tokyo, Japan
Key Offering: Cosmetic Delivery Systems

Nikkol combines glycyrrhizinate with advanced penetration enhancers for superior efficacy in K-beauty and anti-aging formulations.

Key Developments:

• Liposome encapsulation technology
• Global cosmetic brand partnerships
• 15 international sales offices

Get Full Report Here: Glycyrrhizinate Extract Market – View in Detailed Research Report

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🌿 Industry Outlook: Quality Innovation Driving Future Growth

The glycyrrhizinate extract market is evolving with expanded applications in nutraceuticals, functional foods, and advanced therapeutics. While China maintains production dominance, companies are investing in sustainability and traceability to meet international standards.

📈 Key Market Trends:

• Growing preference for standardized, clinically-validated extracts
• Increased regulatory focus on purity and safety
• Rising demand in digestive health and respiratory formulations
• Advancements in green extraction technologies

Get Full Report Here: Glycyrrhizinate Extract Market – View in Detailed Research Report

These industry leaders are not just supplying ingredients – they’re enabling innovation across healthcare, personal care, and food industries through science-backed botanical solutions.