The Global Pharmaceutical Grade Licorice Extract Market was valued at USD 235.20 Million in 2025 and is projected to reach USD 290.75 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.05% during the forecast period (2025–2032). This growth is being driven by rising demand for herbal remedies in respiratory and digestive therapeutics, increasing integration of traditional medicine with modern pharmaceuticals, and the adoption of standardized high-purity extracts meeting pharmacopeial standards across global markets.

As the pharmaceutical industry shifts toward natural ingredients and evidence-based herbal formulations, the spotlight falls on key producers who are pioneering standardization, sustainable sourcing, and advanced extraction technologies. In this blog, we profile the Top 10 Companies in the Pharmaceutical Grade Licorice Extract Industry—a mix of global leaders, regional specialists, and innovation-driven extractors shaping the future of botanical APIs.

---

🔟 1. VPL Chemicals Pvt. Ltd.

Headquarters: India
Key Offering: Pharmaceutical grade licorice extracts, DGL variants, glycyrrhizin standardized powders

VPL Chemicals is a prominent supplier in the Asian market, specializing in high-purity licorice extracts for pharmaceutical applications. The company serves major formulators with GMP-certified products used in cough syrups and digestive aids, benefiting from India’s growing herbal pharmaceutical sector. Recent expansions include enhanced extraction capabilities to meet international standards.

Quality Initiatives:

• Advanced HPLC testing for glycyrrhizin consistency
• GMP-certified facilities for export markets
• Focus on heavy metal-free extracts

Download FREE Sample Report: Global Pharmaceutical Grade Licorice Extract Market – View in Detailed Research Report

---

9️⃣ 2. Avestia Pharma

Headquarters: Houston, Texas, USA
Key Offering: Standardized licorice root extracts, liquid concentrates for oral formulations

Avestia Pharma provides pharmaceutical-grade licorice extracts tailored for U.S. and North American markets, emphasizing purity for respiratory and adrenal support products. Their extracts comply with USP standards and are integrated into various tablets and syrups, supporting the trend toward natural therapeutics.

Quality Initiatives:

• Strict FDA-compliant quality controls
• R&D in deglycyrrhizinated forms
• Sustainable sourcing partnerships

---

8️⃣ 3. Aushadhi Herbal Pvt. Ltd.

Headquarters: India
Key Offering: Powdered and granular licorice extracts, bio-active standardized products

Aushadhi Herbal excels in producing licorice extracts for Ayurvedic-pharmaceutical blends, serving both domestic and export needs. Their products feature in digestive health remedies and leverage India’s traditional knowledge for modern standardization.

Quality Initiatives:

• Vertical integration with cultivation
• Pharmacopeial compliance testing
• Organic certification pursuits

---

7️⃣ 4. Maruzen Pharmaceuticals

Headquarters: Japan
Key Offering: High-glycyrrhizin licorice extracts, DGL for hypertension-safe applications

Maruzen Pharmaceuticals leads in Japan’s market with advanced extraction technologies, supplying extracts for respiratory medications. Their 2024 acquisition of Iranian farms secures supply chains amid global volatility, enhancing reliability for pharmaceutical partners.

Quality Initiatives:

• Updated monographs alignment with Japanese Pharmacopoeia
• Strategic farm acquisitions for raw materials
• Technology sharing for purification

Download FREE Sample Report: Global Pharmaceutical Grade Licorice Extract Market – View in Detailed Research Report

---

6️⃣ 5. Ransom Naturals Ltd.

Headquarters: India
Key Offering: Solid powder extracts, custom glycyrrhizin concentrations

Ransom Naturals focuses on mid-sized production with emphasis on vertical integration, supplying pharmaceutical companies in Asia and Europe. Their extracts support 40% glycyrrhizin content standards for effective therapeutic use.

Quality Initiatives:

• Sustainable cultivation programs
• Batch consistency through advanced QC
• Export-oriented GMP upgrades

---

5️⃣ 6. Norevo GmbH

Headquarters: Germany
Key Offering: Purified licorice extracts, European pharmacopeia compliant liquids and solids

Norevo GmbH is a key European player, strengthened by technology agreements with Asian partners. Their standardized extracts meet EMA guidelines, ideal for herbal medicinal products in respiratory care.

Quality Initiatives:

• EMA-compliant warning implementations
• Technology partnerships for efficiency
• High-purity production scaling

---

4️⃣ 7. F&C Licorice

Headquarters: USA
Key Offering: Glycyrrhizin-rich extracts, expanded capacity post-acquisitions

F&C Licorice has boosted capacity by 30% through 2024 acquisitions, positioning as a North American leader. Their products serve nutraceutical and pharma sectors with focus on digestive health applications growing at 7.8% CAGR.

Quality Initiatives:

• Production capacity expansions
• Strategic acquisitions for supply
• Premium standardized formulations

---

3️⃣ 8. Sepidan Osareh

Headquarters: Iran
Key Offering: Raw material-backed extracts, regional dominant supply

Sepidan Osareh controls significant Middle East and Asian share through Iran’s 40% global licorice root supply. Their cost-efficient facilities support consistent pharmaceutical-grade output for export.

Quality Initiatives:

• Direct root access advantages
• Cost-efficient GMP production
• Export standardization efforts

---

2️⃣ 9. Zagros Licorice

Headquarters: Iran
Key Offering: High-volume pharmaceutical extracts, glycyrrhizin powders

Zagros Licorice, alongside peers, holds nearly 25% of Middle East and Asian markets with vertically integrated operations. Their extracts fuel respiratory medications, commanding 40% segment share.

Quality Initiatives:

• Regional market dominance
• Sustainable yield improvements
• Global pharmacopeia alignment

---

1️⃣ 10. Magnasweet

Headquarters: USA
Key Offering: Patented high-purity glycyrrhizin extracts, comprehensive distribution

Magnasweet leads globally with 18% market share, leveraging patented isolation technology across North America and Europe. Their premium extracts feature in advanced formulations, supporting Asia-Pacific’s 45% dominance through exports.

Quality Initiatives:

• Patented glycyrrhizin technology
• Global distribution networks
• 35% premium standardized products

Read Full Report: Global Pharmaceutical Grade Licorice Extract Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Pharmaceutical Grade Licorice Extract Is Natural and Standardized

The pharmaceutical grade licorice extract market is evolving rapidly. While traditional sourcing persists, the industry invests heavily in GMP processes, sustainable cultivation, and precise standardization to meet rising demands in herbal therapeutics.

📈 Key Trends Shaping the Market:

• Rapid expansion of GMP facilities in Asia-Pacific, Europe, and North America
• Regulatory mandates for 4%+ glycyrrhizin and contaminant-free extracts
• Digital quality tracking and supply chain transparency
• Pharma-herbal alliances for respiratory and digestive innovations

Read Full Report: Global Pharmaceutical Grade Licorice Extract Market – View in Detailed Research Report

The companies listed above are not only supplying essential botanical APIs—they’re spearheading the natural therapeutics revolution in global pharmaceuticals.