The Global Liquiritin (CAS 551-15-5) Market was valued at USD 85.3 Million in 2024 and is projected to reach USD 156.7 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2025–2032). This robust growth is fueled by rising consumer demand for natural and herbal ingredients in pharmaceuticals, functional foods, and cosmetic formulations, alongside significant advancements in extraction technologies and expanding applications in dermatology and nutraceuticals.

As the wellness and pharmaceutical industries increasingly pivot towards plant-based bioactive compounds, the focus intensifies on the key producers and suppliers who are advancing the standardization, purity, and commercial availability of this valuable flavonoid. In this comprehensive analysis, we profile the Top 10 Companies in the Liquiritin Industry—featuring a mix of established botanical extract specialists, pharmaceutical ingredient suppliers, and innovative natural product manufacturers shaping the future of this niche but rapidly growing market.

---

🔟 1. Magnasweet

Headquarters: New York, New York, USA
Key Offering: High-Purity Liquiritin, Licorice Root Extracts, Flavonoid Blends

A prominent US-based company, Magnasweet is a leading supplier of flavor ingredients derived from licorice. While historically known for its flavor modifiers, the company has strategically expanded into providing high-value, purified botanical actives like Liquiritin. Its established supply chains and expertise in licorice chemistry position it as a key player, particularly in servicing the North American pharmaceutical and food industries.

Innovation and Market Focus:

• Specialization in licorice-derived flavor and bioactive compounds

• Strong focus on pharmaceutical-grade purity and consistency

• Strategic positioning within the US dietary supplement and functional food markets

Download FREE Sample Report: Global and United States Liquiritin (CAS 551-15-5) Market – View in Detailed Research Report

---

9️⃣ 2. ASEH (Applied Sciences & Economics Holdings)

Headquarters: Utah, USA
Key Offering: Pure Liquiritin, Standardized Licorice Extracts, Custom Botanical Ingredients

ASEH is a significant supplier of botanical extracts and phytochemicals, with a strong presence in the American market. The company provides Liquiritin to manufacturers in the dietary supplement, cosmetic, and pharmaceutical sectors. Its focus on quality control and analytical verification makes it a trusted partner for companies requiring well-characterized natural ingredients.

Innovation and Market Focus:

• Provision of analytically verified, high-purity botanical compounds

• Custom formulation capabilities for specific industry needs

---

8️⃣ 3. Zagros Licorice Co.

Headquarters: Tehran, Iran
Key Offering: Raw Licorice Root, Crude Licorice Extract, Refined Liquiritin

Hailing from a major licorice-producing region, Zagros Licorice is a vertically integrated company with control from cultivation to extraction. This provides a significant advantage in cost and supply stability. The company exports licorice products, including Liquiritin-standardized extracts, globally and is a crucial supplier to markets in Asia and Europe.

Innovation and Market Focus:

• Vertical integration ensuring supply chain control from farm to finished product

• Competitive pricing due to proximity to raw material sources

---

7️⃣ 4. Sepidan Osareh Co.

Headquarters: Fars, Iran
Key Offering: Pharmaceutical-Grade Liquiritin, Glycyrrhizin, Licorice Powder

Another key Iranian player, Sepidan Osareh, specializes in the processing of licorice root. The company has invested in modern extraction and purification technologies to produce high-value compounds like Liquiritin for international pharmaceutical and cosmetic customers. Its strategic location provides access to high-quality Glycyrrhiza glabra raw material.

Innovation and Market Focus:

• Investment in advanced purification technologies for high-purity outputs

• Focus on meeting international regulatory standards for pharmaceutical ingredients

---

6️⃣ 5. F&C Licorice Ltd.

Headquarters: New Jersey, USA
Key Offering: Licorice Extracts, Liquiritin, Natural Sweeteners

F&C Licorice is a well-established supplier in the North American market, providing a range of licorice-based products. The company serves the food, confectionery, and pharmaceutical industries. Its strength lies in its deep understanding of licorice applications and its ability to supply consistent quality ingredients to major brands.

Innovation and Market Focus:

• Long-standing relationships with major food and pharmaceutical manufacturers

• Expertise in both flavor and bioactive applications of licorice

Download FREE Sample Report: Global and United States Liquiritin (CAS 551-15-5) Market – View in Detailed Research Report

---

5️⃣ 6. Norevo GmbH

Headquarters: Hamburg, Germany
Key Offering: Natural Ingredients, Botanical Extracts, Liquiritin

As a major German supplier of natural ingredients, Norevo serves the European food, beverage, and pharmaceutical markets. The company sources and supplies Liquiritin as part of its extensive portfolio of botanicals. Its strategic location in Europe makes it a key distribution hub for suppliers from Asia and the Middle East seeking access to the stringent EU market.

Innovation and Market Focus:

• Strong distribution network across Europe

• Focus on compliance with European Food Safety Authority (EFSA) and other regulatory standards

---

4️⃣ 7. Ransom Naturals Ltd.

Headquarters: Hampshire, United Kingdom
Key Offering: Organic & Conventional Botanical Extracts, Isolated Compounds including Liquiritin

Ransom Naturals is a UK-based company with a long history of supplying the natural products industry. It provides high-quality, traceable botanical ingredients, including standardized Liquiritin extracts. The company is particularly strong in serving the UK and broader European herbal supplement and natural health markets.

Innovation and Market Focus:

• Emphasis on organic certification and sustainable sourcing

• Expertise in supplying the demanding supplement manufacturing sector

---

3️⃣ 8. Maruzen Pharmaceuticals Co., Ltd.

Headquarters: Hiroshima, Japan
Key Offering: High-Purity Phytochemicals, Pharmaceutical Intermediates, Liquiritin

Maruzen is a respected Japanese company specializing in fine chemicals and pharmaceutical intermediates. It produces and supplies high-purity Liquiritin primarily for the pharmaceutical and advanced cosmetic industries in Japan and other Asian markets. The company’s reputation for quality and precision manufacturing makes it a preferred supplier for high-end applications.

Innovation and Market Focus:

• Focus on ultra-high purity grades suitable for pharmaceutical R&D and formulation

• Strong presence in the technologically advanced Japanese and Korean markets

---

2️⃣ 9. Zelang Group

Headquarters: Nanjing, China
Key Offering: Licorice Extract, Liquiritin, Glycyrrhizic Acid

As a major Chinese manufacturer of plant extracts, Zelang Group has substantial production capacity for licorice-derived products. The company leverages China’s position as a leading producer of licorice to offer competitive products. Zelang supplies both the domestic Traditional Chinese Medicine (TCM) market and international customers, with a growing focus on standardized extracts like Liquiritin.

Innovation and Market Focus:

• Large-scale production capacity and competitive cost structure

• Deep integration with the vast domestic TCM industry

---

1️⃣ 10. Aushadhi Herbal

Headquarters: Maharashtra, India
Key Offering: Ayurvedic Extracts, Herbal Powders, Standardized Liquiritin

Aushadhi Herbal is an Indian company focused on Ayurvedic and herbal extracts. It supplies Liquiritin to the domestic and international markets, capitalizing on the growing global interest in Ayurveda. The company’s expertise lies in traditional extraction methods combined with modern quality control, catering to the nutraceutical and cosmetic industries.

Innovation and Market Focus:

• Positioning within the rapidly growing Ayurvedic and natural product sector

• Combination of traditional knowledge with modern manufacturing practices

---

🌍 Outlook: The Future of Liquiritin Is Driven by Natural Product Demand and Scientific Validation

The Liquiritin market is experiencing a significant transformation. While its traditional use provides a strong foundation, the future is being shaped by scientific research validating its efficacy and the global consumer shift towards clean-label, plant-based products. The market’s growth trajectory is underpinned by robust demand from multiple high-value industries.

📈 Key Trends Shaping the Market:

• Increasing R&D validating Liquiritin’s anti-inflammatory, antioxidant, and skin-brightening mechanisms

• Rising demand for natural active ingredients in cosmeceuticals and functional foods

• Technological advancements in extraction and purification enhancing yield and purity

• Strategic partnerships between raw material suppliers and end-product manufacturers to ensure supply chain integrity

Read Full Report: Global and United States Liquiritin (CAS 551-15-5) Market – View in Detailed Research Report

The companies profiled above are not only supplying a key botanical ingredient—they are enabling the natural product innovation that defines the future of health, wellness, and personal care.