The Global Monoammonium Glycyrrhizinate Market was valued at USD 62.81 Million in 2025 and is projected to reach USD 92.17 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2030). This robust growth is primarily propelled by the increasing consumer demand for natural sweeteners, the expansion of the functional food and beverage sector, and supportive regulatory frameworks for plant-based ingredients worldwide.

As the global market shifts away from artificial additives toward clean-label, naturally derived solutions, the suppliers of high-purity Monoammonium Glycyrrhizinate (MAG) are at the forefront of this transformation. In this analysis, we profile the Top 10 Companies in the Monoammonium Glycyrrhizinate Industry—a diverse group of ingredient specialists, botanical extract leaders, and pharmaceutical suppliers shaping the future of food, health, and personal care formulations.

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🔟 1. VITAL-CHEM Zhuhai Co., Ltd.

Headquarters: Zhuhai, Guangdong, China
Key Offering: High-Purity MAG (Pharmaceutical & Food Grade)

VITAL-CHEM Zhuhai is a leading global supplier of fine chemicals and pharmaceutical intermediates, with a strong focus on licorice root extracts. The company is recognized for its advanced purification technologies that produce high-quality Monoammonium Glycyrrhizinate meeting stringent international standards for both food and pharmaceutical applications.

Innovation and Market Focus:

• Investment in state-of-the-art extraction and crystallization facilities

• Strategic partnerships with global nutraceutical and FMCG brands

• Focus on scalable production to meet rising global demand

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9️⃣ 2. Sabinsa Corporation

Headquarters: East Windsor, New Jersey, USA
Key Offering: SabiLite™ (MAG), Botanical Extracts

Sabinsa is a pioneer in the field of phytochemicals and a major player in the MAG market. The company’s commitment to science-backed ingredients is evident in its SabiLite™ brand of Monoammonium Glycyrrhizinate, which is widely used in dietary supplements, functional foods, and oral care products for its sweetening and soothing properties.

Innovation and Market Focus:

• Extensive R&D supporting health benefit claims (anti-inflammatory, antioxidant)

• Global manufacturing footprint with a strong presence in North America, Europe, and Asia

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8️⃣ 3. Alchem International Pvt. Ltd.

Headquarters: New Delhi, India
Key Offering: Pharmaceutical Grade MAG, Natural Extracts

Alchem International has carved a niche as a leading supplier of natural products and phytochemicals. The company’s MAG is known for its high purity and is a critical ingredient for pharmaceutical syrups and lozenges, leveraging the compound’s natural sweetness and therapeutic benefits.

Innovation and Market Focus:

• Vertically integrated operations from raw material sourcing to finished product

• Strong export orientation, serving regulated markets in the US and EU

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7️⃣ 4. Shaanxi Fujie Pharmaceutical Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: MAG, Glycyrrhizic Acid, Licorice Extracts

As a specialized pharmaceutical company, Shaanxi Fujie focuses on active pharmaceutical ingredients (APIs) derived from natural sources. Its high-purity MAG is a key product, widely utilized in traditional and modern medicine formulations, particularly in cough suppressants and gastrointestinal remedies.

Innovation and Market Focus:

• GMP-certified manufacturing facilities ensuring pharmaceutical-grade quality

• Deep expertise in the chemistry and bioactivity of licorice-derived compounds

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6️⃣ 5. MAFCO Worldwide LLC

Headquarters: Camden, New Jersey, USA
Key Offering: Magnasweet® (Flavor Modifiers containing MAG)

MAFCO Worldwide, a subsidiary of MacAndrews & Forbes, is renowned for its Magnasweet® product line, which utilizes MAG as a primary component. These products are not just sweeteners but sophisticated flavor modifiers that enhance mouthfeel, mask bitterness, and provide a lingering sweetness, making them invaluable to the flavor and fragrance industry.

Innovation and Market Focus:

• Proprietary flavor modulation technology platforms

• Long-standing relationships with major global flavor houses and food manufacturers

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5️⃣ 6. Alps Pharmaceutical Ind. Co., Ltd.

Headquarters: Gifu, Japan
Key Offering: High-Grade MAG for Pharmaceuticals and Cosmetics

Alps Pharmaceutical is a Japanese leader in the production of fine chemicals from natural origins. The company supplies high-grade MAG to the domestic and international pharmaceutical industries, where it is prized for its role in improving the palatability of pediatric and geriatric medicines.

Innovation and Market Focus:

• Focus on ultra-pure grades for sensitive pharmaceutical applications

• Expansion into cosmetic applications for skin-soothing properties

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4️⃣ 7. BGG World (Boton Group)

Headquarters: Beijing, China / Irvine, California, USA
Key Offering: Astragin® (Complex with MAG), Pure MAG Extracts

BGG World is a global player in the botanical extract space, with a significant portfolio that includes high-quality MAG. The company is also known for Astragin®, a patented absorption enhancer that combines MAG with astragalus extract, demonstrating its commitment to innovative, science-driven ingredient solutions.

Innovation and Market Focus:

• Investment in clinical research to validate efficacy

• Strategic global supply chain ensuring consistent quality and availability

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3️⃣ 8. Qingdao Taitong Pharmaceutical Co., Ltd.

Headquarters: Qingdao, Shandong, China
Key Offering: Pharmaceutical and Food Grade MAG

Qingdao Taitong Pharmaceutical specializes in the extraction and purification of natural ingredients for pharmaceutical and food industries. The company is a reliable supplier of MAG, with a focus on meeting the specific purity and solubility requirements of its diverse client base.

Innovation and Market Focus:

• Advanced analytical testing and quality control protocols

• Strong export business to Southeast Asia and European markets

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Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

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2️⃣ 9. Cokey Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: Licorice Extract Series, including MAG

Cokey is a specialized manufacturer of plant extracts with a core competency in licorice products. The company produces various grades of MAG tailored for different applications, from cost-effective food-grade options to highly purified pharmaceutical-grade material, serving a broad spectrum of the market.

Innovation and Market Focus:

• Customization capabilities to meet specific customer formulations

• Emphasis on sustainable and traceable sourcing of raw licorice root

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1️⃣ 10. Jiangsu Tiansheng Pharmaceutical Co., Ltd.

Headquarters: Nanjing, Jiangsu, China
Key Offering: MAG, Glycyrrhetinic Acid, Other API Intermediates

Jiangsu Tiansheng Pharmaceutical is an established API manufacturer with a strong product line in licorice-derived compounds. The company’s MAG is a critical ingredient for the pharmaceutical industry, used extensively to sweeten bitter drugs and enhance patient compliance, particularly in liquid and chewable formulations.

Innovation and Market Focus:

• Integrated production from raw material to finished API

• Compliance with international pharmacopoeia standards (USP, EP)

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Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Monoammonium Glycyrrhizinate Is Diverse and Application-Led

The Monoammonium Glycyrrhizinate market is experiencing a significant transformation, driven by the convergence of health, wellness, and clean-label trends. While its traditional role as a sweetener remains vital, new applications in nutraceuticals, cosmeceuticals, and pharmaceuticals are unlocking substantial growth potential.

📈 Key Trends Shaping the Market:

• Rising Demand for Sugar Reduction: As governments impose sugar taxes and consumers seek healthier options, MAG offers a natural, high-intensity sweetening solution (50-100 times sweeter than sucrose).

• Growth in Functional Foods and Beverages: Beyond sweetness, MAG’s anti-inflammatory and antioxidant properties are being leveraged in wellness-oriented products.

• Pharmaceutical Industry Adoption: Increased use in pediatric and geriatric drug formulations to improve palatability and patient adherence.

• Cosmetic & Personal Care Innovation: Incorporation into skincare products for its soothing, anti-irritant, and skin-brightening effects.

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

The Top 10 companies profiled are not just supplying an ingredient—they are enabling the global shift toward natural, multifunctional, and health-promoting products across major consumer-facing industries.