The India Licorice Extracts Market continues to demonstrate strong growth, with its valuation reaching USD 52.3 million in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 7.3%, reaching approximately USD 85.6 million by 2030. This growth is largely fueled by increasing applications in pharmaceuticals, food and beverages, and animal feed, particularly in emerging sectors where demand for natural sweeteners, flavor enhancers, and therapeutic agents continues to rise. While traditional uses in Ayurvedic medicine have long sustained the market, modern health trends are pushing demand higher, especially as consumers seek natural alternatives to synthetic ingredients.
Licorice extracts are integral to the production of herbal medicines, confectionery products, and nutritional supplements. Derived from the root of the Glycyrrhiza glabra plant, these extracts offer natural sweetness and medicinal properties like anti-inflammatory and expectorant effects. Their versatility makes them highly desirable in industries transitioning toward clean-label and organic products. As herbal formulations gain prominence in both domestic and export markets, manufacturers and regulatory bodies are increasingly supporting sustainable cultivation and quality standardization initiatives to meet rising global standards.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/259550/india-licorice-extracts-market-2024-275
Market Overview & Regional Analysis
India stands as a key player in the licorice extracts market, with significant production centered in arid regions like Rajasthan and Gujarat, which account for a major share of cultivation. These areas benefit from suitable soil and climate conditions that support the growth of licorice roots, driving domestic supply for both local processing and exports. The northern and western parts of the country dominate output, fueled by traditional farming practices and growing investments in mechanized harvesting to boost efficiency.
However, southern states are emerging as new hubs, supported by expanding herbal processing units and government incentives for medicinal plant cultivation. While the domestic market remains robust due to Ayurveda and nutraceutical sectors, exports to Europe and North America are on the rise, driven by international demand for natural ingredients. Challenges in water-scarce regions persist, but overall, the Indian market shows promising regional diversification despite varying infrastructural developments across states.
Key Market Drivers and Opportunities
The market is driven by the rising popularity of natural and herbal products in pharmaceuticals and cosmetics, coupled with increasing awareness of licorice’s health benefits such as soothing sore throats and aiding digestion. Furthermore, the food and beverage industry is incorporating licorice extracts as a sugar substitute in low-calorie products, aligning with the global shift toward healthier lifestyles. In India, the nutraceutical sector’s expansion, particularly post-pandemic, has amplified demand, with applications in immunity-boosting supplements leading the way.
Opportunities abound in the development of organic and deglycyrrhizated licorice extracts for specialized uses like hypertension management, where low glycyrrhizin content is crucial. The cosmetic industry presents untapped potential for skin-lightening and anti-aging formulations, while the animal feed segment offers growth in veterinary applications. Additionally, e-commerce platforms are facilitating wider distribution of licorice-based products, enabling small producers to reach urban consumers and international buyers more effectively.
Challenges & Restraints
The licorice extracts market in India faces challenges including fluctuations in raw material supply due to climate variability, stringent quality regulations for export compliance, and competition from synthetic alternatives. Over-reliance on rain-fed agriculture in key growing areas continues to affect yields, while adulteration concerns erode consumer trust. Moreover, rising labor costs and limited R&D investment in extraction technologies pose further risks, particularly for small-scale processors struggling to scale up.
Market Segmentation by Type
- Powder
- Semi fluid/Paste
- Block
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/259550/india-licorice-extracts-market-2024-275
Market Segmentation by Application
- Pharmaceutical Grade
- Food Grade
- Feed Grade
Market Segmentation and Key Players
- Aushadhi Herbal
- Bharat Glycosides
- Himalaya Drug Company
- Dabur India
- Shiva Extracts
- Indena India
- Naturex India
- Arjuna Natural Extracts
- Organic India
- Kerala Ayurveda
- Patanjali Ayurved
- Vriksha Innovations
- Sabinsa Corporation
- Herbal Hills
- Ayurvedant
Report Scope
This report presents a comprehensive analysis of the India market for Licorice Extracts, covering the period from 2024 to 2030. It includes detailed insights into the current market status and outlook across various regions and states, with specific focus on:
-
Sales, sales volume, and revenue forecasts
-
Detailed segmentation by type and application
In addition, the report offers in-depth profiles of key industry players, including:
-
Company profiles
-
Product specifications
-
Production capacity and sales
-
Revenue, pricing, gross margins
-
Sales performance
It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.
As part of this research, we surveyed Licorice Extracts companies and industry experts. The survey covered various aspects, including:
-
Revenue and demand trends
-
Product types and recent developments
-
Strategic plans and market drivers
-
Industry challenges, obstacles, and potential risks
Get Full Report Here: https://www.24chemicalresearch.com/reports/259550/india-licorice-extracts-market-2024-275
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Segment Analysis of Thermal Conductive Material Market: Products, Applications, and End-Users - September 29, 2025
- Top 10 Companies in the VP/VA Copolymer Industry (2025): Market Leaders Revolutionizing Pharmaceuticals and Personal Care - September 29, 2025
- Au Etchant Market, Global Outlook and Forecast 2025-2032 - September 29, 2025