The global Food Grade Dipotassium Glycyrrhizinate market was valued at US$ 64.8 Million in 2023 and is projected to reach US$ 98.2 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024–2030). This robust growth is being propelled by increasing consumer demand for natural sweeteners, a global shift towards clean-label food products, and the expanding application of glycyrrhizinates as multifunctional ingredients in food preservation and animal feed.

As the food and beverage industry pivots towards healthier, naturally derived ingredients, the focus intensifies on the key producers who are ensuring a stable and innovative supply of high-purity additives. In this blog, we profile the Top 10 Companies in the Food Grade Dipotassium Glycyrrhizinate Industry—a group of specialized chemical and pharmaceutical manufacturers shaping the future of natural food ingredients.

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🔟 1. MAFCO Worldwide

Headquarters: Camden, New Jersey, USA
Key Offering: High-Purity Licorice Extracts, including Dipotassium Glycyrrhizinate

MAFCO Worldwide, a division of MacAndrews & Forbes, is a globally recognized leader in licorice products. With over a century of expertise, the company controls a significant portion of the global licorice root supply chain, from sourcing to refined extracts. Their food-grade dipotassium glycyrrhizinate is known for its consistent quality and is a preferred choice for major food and beverage brands seeking natural sweetening and flavor-enhancing solutions.

Key Market Strengths:

• Vertical integration from raw material cultivation to finished product

• Global distribution network serving North America, Europe, and Asia-Pacific

• Strong focus on R&D for new licorice-based food applications

Download FREE Sample Report:
Food Grade Dipotassium Glycyrrhizinate Market – View in Detailed Research Report

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9️⃣ 2. GfN Selco

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

GfN Selco is a prominent European supplier of natural ingredients, with a strong portfolio that includes high-quality dipotassium glycyrrhizinate. The company caters to the food, pharmaceutical, and cosmetic industries, emphasizing sustainable sourcing and stringent quality control. Their expertise in botanical extracts makes them a key partner for European manufacturers looking for reliable, natural sweetening agents.

Key Market Strengths:

• Established presence in the European Union market

• Commitment to sustainability and traceability in the supply chain

• Customization capabilities for specific client formulations

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8️⃣ 3. Nikko Chemicals Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Specialty Chemicals, Pharmaceutical and Food Additives

Nikko Chemicals is a leading Japanese company with a long history in the chemical industry. Their product range includes food-grade dipotassium glycyrrhizinate, which is widely used in the Asia-Pacific region. The company’s strong R&D focus and adherence to Japanese quality standards position it as a critical supplier for manufacturers requiring high-purity ingredients for confectionery, beverages, and health foods.

Key Market Strengths:

• Strong foothold in the high-growth Asia-Pacific market

• Technical expertise in purification and formulation

• Reputation for reliability and product consistency

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7️⃣ 4. Fanzhi Pharmaceutical Co., Ltd.

Headquarters: Shaanxi, China
Key Offering: Licorice Extracts, Pharmaceutical Intermediates

Fanzhi Pharmaceutical is a significant Chinese manufacturer specializing in extracts derived from licorice root. The company leverages China’s substantial licorice cultivation to produce food-grade dipotassium glycyrrhizinate for both domestic and international markets. Their competitive pricing and scalable production capacity make them a major force in the global supply chain.

Key Market Strengths:

• Cost-effective production capabilities

• Strategic location in a key licorice-growing region

• Growing export-oriented business model

Download FREE Sample Report:
Food Grade Dipotassium Glycyrrhizinate Market – View in Detailed Research Report

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6️⃣ 5. Shaanxi Jintai Biological Engineering Co., Ltd.

Headquarters: Shaanxi, China
Key Offering: Plant Extracts, Herbal Ingredients

Shaanxi Jintai Biological Engineering is a specialized producer of natural plant extracts, with a focus on ingredients sourced from traditional Chinese medicine. Their production of food-grade dipotassium glycyrrhizinate benefits from advanced extraction technologies, ensuring high yield and purity. The company serves a diverse clientele in the food, health product, and pharmaceutical sectors.

Key Market Strengths:

• Advanced extraction and purification technology

• Integration of traditional knowledge with modern manufacturing

• Strong domestic market presence with expanding international reach

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5️⃣ 6. Jiangsu Tiansheng Pharmaceutical Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Pharmaceutical APIs, Food Additives

Jiangsu Tiansheng Pharmaceutical combines pharmaceutical-grade manufacturing standards with food ingredient production. Their food-grade dipotassium glycyrrhizinate is produced under strict hygiene and quality protocols, making it suitable for sensitive applications. The company’s dual focus on pharma and food industries allows for cross-disciplinary innovation.

Key Market Strengths:

• Pharmaceutical-grade manufacturing facilities

• Rigorous quality control systems

• Strategic location in an industrial hub with good logistics

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4️⃣ 7. Qinghai Lake Pharmaceutical Co., Ltd.

Headquarters: Qinghai, China
Key Offering: Tibetan Medicinal Herbs and Extracts

Qinghai Lake Pharmaceutical specializes in ingredients sourced from the unique flora of the Qinghai-Tibet Plateau. While leveraging regional botanicals, the company also produces high-quality licorice extracts, including dipotassium glycyrrhizinate. Their focus on natural and organic positioning aligns well with premium food and beverage trends.

Key Market Strengths:

• Access to unique botanical resources

• Positioning in the growing organic and natural product segments

• Niche market expertise

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3️⃣ 8. VITAL-CHEM Zhuhai Co., Ltd.

Headquarters: Zhuhai, China
Key Offering: Food Additives, Nutritional Ingredients

VITAL-CHEM Zhuhai is a dynamic company focused on the research, development, and production of food additives and nutritional ingredients. Their product portfolio includes food-grade dipotassium glycyrrhizinate, supplied to manufacturers looking for effective natural sweeteners and flavor modifiers. The company is known for its customer-centric approach and technical support.

Key Market Strengths:

• Strong R&D and application development support

• Flexible manufacturing for custom specifications

• Growing reputation in international markets

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2️⃣ 9. Shaanxi Fujie Pharmaceutical Co., Ltd.

Headquarters: Shaanxi, China
Key Offering: Herbal Extracts, Chemical Synthesis Products

Shaanxi Fujie Pharmaceutical is another key player from China’s licorice-producing heartland. The company manufactures a range of licorice products, including dipotassium glycyrrhizinate, for global distribution. Their focus on scalable production and cost efficiency makes them a competitive supplier in the market.

Key Market Strengths:

• Large-scale production capacity

• Established supply chain for raw licorice

• Competitive pricing strategy

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1️⃣ 10. Qingdao Taitong Pharmaceutical Co., Ltd.

Headquarters: Qingdao, China
Key Offering: Pharmaceutical Raw Materials, Food Ingredients

Qingdao Taitong Pharmaceutical leverages its port city location to efficiently serve both domestic and international markets. The company produces food-grade dipotassium glycyrrhizinate alongside a range of other fine chemicals and natural extracts. Their strategic location offers logistical advantages for export-oriented business.

Key Market Strengths:

• Strategic export hub location in Qingdao

• Experience in international trade and regulatory compliance

• Diversified product portfolio mitigating market risks

Get Full Report Here:
Food Grade Dipotassium Glycyrrhizinate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Food Grade Dipotassium Glycyrrhizinate Is Natural and Multifunctional

The food grade dipotassium glycyrrhizinate market is experiencing a significant transformation. While its primary use remains as a high-intensity natural sweetener, the industry is increasingly exploring its potential as a multifunctional ingredient for preservation, flavor modulation, and health-oriented formulations.

📈 Key Trends Shaping the Market:

• Clean-Label Movement: Consumer demand for recognizable, natural ingredients is driving replacement of artificial sweeteners like aspartame and saccharin.

• Health and Wellness: Growing awareness of glycyrrhizin’s potential anti-inflammatory and antioxidant properties is opening new applications in functional foods and nutraceuticals.

• Supply Chain Sustainability: Increased focus on sustainable and ethical sourcing of licorice root to ensure long-term viability and meet corporate social responsibility goals.

• Technological Advancements: Improvements in extraction and purification technologies are leading to higher purity levels and more cost-effective production.

Get Full Report Here:
Food Grade Dipotassium Glycyrrhizinate Market – View in Detailed Research Report

The companies listed above are not only supplying a key ingredient—they are enabling the food and beverage industry’s shift towards cleaner, healthier, and more natural product formulations.