Top 10 Companies in the Liquorice Extract Market (2026): Market Leaders Powering Global Wellness

Market Size

Liquorice Extract Market Size: A Growing Global Industry

The Global liquorice extract market was valued at USD 512 million in 2025 and is projected to reach USD 894.84 million by 2034, reflecting a Compound Annual Growth Rate (CAGR) of 6.40% over the forecast period.

The market’s robust growth can be attributed to the rising adoption of liquorice extract in functional foods, over-the-counter (OTC) medicines, and organic cosmetics. Moreover, the heightened awareness regarding the adverse effects of synthetic chemicals has bolstered the shift toward botanical ingredients, further propelling market growth.

In terms of volume, the market has shown steady increases year-over-year. For example, in 2021, approximately 27,000 metric tons of liquorice extract were traded globally. With rising consumer interest in preventive healthcare and wellness products, this figure is anticipated to rise significantly through 2032.

Liquorice extract is a concentrated derivative obtained from the roots of the Glycyrrhiza glabra plant, widely known for its distinctive sweet flavor and therapeutic benefits. Historically rooted in traditional oriental medicine, liquorice extract has been used for centuries to treat various ailments such as digestive issues, respiratory conditions, and inflammatory disorders. The extract is rich in glycyrrhizin, a compound known for its anti‑inflammatory, antioxidant, and antimicrobial properties.

Today, liquorice extract is extensively used across several industries, including food and beverages, pharmaceuticals, cosmetics, and tobacco. In the food industry, it serves as a flavoring agent, particularly in confectionery and beverages. In pharmaceuticals, it is incorporated into formulations aimed at treating sore throat, stomach ulcers, and liver disorders. Cosmetic applications include skin brightening and anti‑aging products, owing to its soothing and healing properties. Its use in tobacco products primarily relates to flavor enhancement.

The liquorice extract market comprises various product forms such as powder, liquid, and block extracts, catering to diverse industrial needs. The demand is further driven by the global shift toward natural and plant‑based ingredients in consumer goods.

Liquorice Extract Market – View in Detailed Research Report

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🔟 1. Norevo GmbH

Headquarters: Germany
Key Offering: Natural raw materials for food and pharmaceutical applications

Norevo GmbH has built a reputation for delivering high‑quality liquorice extracts that meet stringent regulatory standards. Its portfolio includes pharmaceutical‑grade and food‑grade products, enabling clients to integrate the ingredient across multiple sectors.

Sustainability Initiatives:

• Partnering with certified organic growers to secure traceable supply chains
• Implementing water‑efficient processing technologies to reduce environmental impact
• Engaging in community outreach programs to promote sustainable agriculture in producing regions

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9️⃣ 2. F&C Licorice Ltd.

Headquarters: United Kingdom
Key Offering: Raw and refined liquorice products for global markets

F&C Licorice Ltd. specializes in both bulk and finished liquorice extracts, catering to food, pharma, and cosmetic manufacturers worldwide. Its robust distribution network ensures timely delivery across continents.

Sustainability Initiatives:

• Adopting renewable energy sources in manufacturing facilities
• Optimizing packaging to reduce plastic usage
• Collaborating with NGOs to support local farmer livelihoods

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8️⃣ 3. ASEH

Headquarters: Iran
Key Offering: Production of liquorice blocks and powders for pharmaceutical and food industries

ASEH is a leading producer of high‑purity liquorice extracts, leveraging advanced extraction techniques to preserve bioactive compounds. Its products are widely used in nutraceutical formulations and functional foods.

Sustainability Initiatives:

• Investing in climate‑resilient cultivation practices
• Implementing waste‑to‑energy processes in manufacturing
• Establishing certification programs for sustainable sourcing

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7️⃣ 4. Magnasweet

Headquarters: United States
Key Offering: Sweetness enhancers and flavor masking agents, including liquorice‑based solutions

Magnasweet delivers premium quality sweetness enhancers that integrate seamlessly into food and beverage formulations. Its liquorice‑derived products offer a natural alternative to artificial sweeteners.

Sustainability Initiatives:

• Utilizing bio‑based feedstock to minimize carbon footprint
• Implementing closed‑loop water recycling in production lines
• Engaging in transparent supply chain audits

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6️⃣ 5. Zagros Licorice Co.

Headquarters: Middle East
Key Offering: Export of liquorice extracts and powders to international markets

Zagros Licorice Co. has established a strong presence in export markets, supplying high‑grade extracts to food, pharma, and cosmetics manufacturers across Asia, Europe, and the Americas.

Sustainability Initiatives:

• Adopting organic certification standards for all raw materials
• Reducing greenhouse gas emissions through efficient logistics planning
• Supporting community development projects in cultivation regions

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5️⃣ 6. Scagro A/S

Headquarters: Denmark
Key Offering: Specialty extracts for food and cosmetic applications

Scagro A/S focuses on delivering high‑purity extracts that meet the stringent quality expectations of premium brands. Its portfolio includes both traditional and innovative formulations.

Sustainability Initiatives:

• Implementing zero‑waste manufacturing processes
• Leveraging renewable energy across all facilities
• Partnering with local farmers to promote biodiversity

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4️⃣ 7. SK Bioland

Headquarters: South Korea
Key Offering: Biologically active extracts for nutraceutical and pharmaceutical sectors

SK Bioland specializes in extracting bioactive compounds from liquorice roots, providing products that support digestive health and immune function.

Sustainability Initiatives:

• Adopting sustainable sourcing policies aligned with the UN Sustainable Development Goals
• Investing in research for low‑impact extraction technologies
• Engaging in transparent traceability systems

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3️⃣ 8. Ruitenberg

Headquarters: Netherlands
Key Offering: Premium liquorice extracts for confectionery and functional foods

Ruitenberg delivers high‑grade extracts that enhance flavor profiles while providing health benefits, catering to the growing demand for clean‑label ingredients.

Sustainability Initiatives:

• Implementing circular economy practices in packaging
• Supporting fair‑trade agreements with growers
• Reducing carbon emissions through optimized logistics

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2️⃣ 9. Mafco

Headquarters: Germany
Key Offering: Specialty extracts for pharmaceuticals and cosmetics

Mafco focuses on delivering highly purified extracts that meet the rigorous demands of pharmaceutical and cosmetic manufacturers, ensuring consistent bioactivity.

Sustainability Initiatives:

• Investing in renewable energy projects
• Implementing water‑conservation measures in processing
• Engaging in community development programs

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1️⃣ 10. Herbochem

Headquarters: Switzerland
Key Offering: Natural ingredient solutions for food, pharma, and cosmetics

Herbochem provides a range of liquorice‑based products that support flavor enhancement and therapeutic claims, catering to premium brands worldwide.

Sustainability Initiatives:

• Adopting ISO 14001 certification for environmental management
• Implementing life‑cycle assessments for all products
• Supporting sustainable agriculture through certification schemes

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🌍 Outlook: Liquorice Extract Market Trends

The Liquorice Extract market is positioned to evolve as consumers increasingly prioritize botanical ingredients and wellness‑oriented products. The convergence of functional food, nutraceutical, and cosmetic applications is creating cross‑industry opportunities, while regulatory support for natural ingredients further fuels demand.

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📈 Future Trends Shaping the Market

• Expansion of functional beverage lines featuring liquorice‑infused teas and wellness drinks.
• Growth of anti‑aging and skin‑brightening cosmetics leveraging glycyrrhizin’s bioactivity.
• Adoption of digital traceability systems to guarantee supply‑chain transparency.
• Increased investment in sustainable farming and fair‑trade sourcing to meet consumer expectations.
• Emergence of regulatory frameworks that recognize the therapeutic claims of liquorice, opening new market segments.