Top 10 Companies in the Global Liquorice Root Extract Market (2026): Market Leaders Shaping Flavor and Health Sectors

The Global Liquorice Root Extract market was valued at USD 1.2 billion in 2023 and is projected to reach USD 2.3 billion by 2030, at a CAGR of 6.5% during the forecast period (2025‑2030). The USA market is estimated to increase from USD 250 million in 2023 to reach USD 450 million by 2030, while the China market is projected to grow from USD 180 million to USD 350 million. The European market is expected to rise from USD 220 million to USD 420 million over the same horizon.

Liquorice, or licorice, is the common name of Glycyrrhiza glabra, a flowering plant of the bean family Fabaceae. The root yields a sweet, aromatic flavouring used in confectionery, tobacco, and increasingly in pharmaceutical and cosmetic formulations. Traditional applications in herbal medicine have spurred contemporary interest in its bioactive compounds, positioning the extract at the intersection of flavor, wellness, and functional ingredients.

To help industry stakeholders navigate this evolving space, the following analysis highlights the top ten market leaders, outlines their strategic thrusts, and projects how the sector is likely to unfold.

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🔟 1. Sabinsa

Headquarters: New Delhi, India
Key Offering: Pharmaceutical‑grade Liquorice Extracts, Standardised Active Fractions

Sabinsa has long dominated the Indian market with its extensive R&D pipeline focused on isolating glycyrrhizin‑rich fractions. The company’s flagship product, GlycoClear, is licensed to several pharmaceutical manufacturers for anti‑inflammatory and antiviral formulations.

Sustainability & Growth Initiatives:

• Implementing closed‑loop cultivation practices to reduce water usage by 30%
• Partnering with universities to develop low‑glycyrrhizin variants for sensitive consumer segments
• Expanding into the European market through a joint venture with a German flavor house

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9️⃣ 2. F&C Licorice

Headquarters: Zurich, Switzerland
Key Offering: Food‑grade Liquorice Extracts, Functional Food Ingredients

F&C Licorice leverages Switzerland’s reputation for precision to supply high‑purity extracts to the confectionery and beverage sectors. Their proprietary “Ultra‑Fine” extraction process yields a 12% higher concentration of active glycyrrhizin, meeting the stringent requirements of premium brands.

Sustainability & Growth Initiatives:

• Adopting renewable energy sources for all extraction facilities
• Launching a “Zero‑Waste” program that recycles spent biomass into animal feed
• Targeting a 20% increase in European sales by 2028

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8️⃣ 3. Maruzen Pharmaceuticals

Headquarters: Osaka, Japan
Key Offering: Pharmaceutical‑grade Liquorice Extracts, Clinical‑Grade Formulations

Maruzen’s portfolio centers on clinical‑grade extracts that meet Good Manufacturing Practice (GMP) standards. Their product, GlycoHealth, is a key ingredient in several over‑the‑counter anti‑inflammatory tablets sold across Asia.

Sustainability & Growth Initiatives:

• Investing in vertical‑farm systems to control soil microbiome and boost extract yield
• Collaborating with biotech firms to engineer glycyrrhizin‑synthesising microbes
• Expanding distribution to North America through a strategic alliance with a U.S. contract manufacturer

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7️⃣ 4. Sepidan Osareh

Headquarters: Tehran, Iran
Key Offering: Feed‑grade Liquorice Extracts, Veterinary Supplements

Sepidan Osareh supplies high‑purity extracts for animal nutrition, capitalising on the growing demand for natural additives in livestock feed. Their product, VetLicor, is recognised for improving gut health in poultry and swine.

Sustainability & Growth Initiatives:

• Implementing drought‑resistant cultivation techniques in arid regions
• Establishing a regional logistics hub to reduce carbon footprint by 15%
• Targeting a 25% increase in Middle East sales by 2027

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6️⃣ 5. SK Bioland

Headquarters: Seoul, South Korea
Key Offering: Cosmetic‑grade Liquorice Extracts, Skin‑care Formulations

SK Bioland has carved a niche in the cosmetics arena, providing extracts that impart antioxidant and anti‑inflaming properties to skincare products. Their proprietary “SkinBright” line is used by several luxury brands across Asia.

Sustainability & Growth Initiatives:

• Adopting bioreactor‑based extraction to cut solvent use by 40%
• Partnering with eco‑certification bodies to secure organic labels
• Expanding into the EU cosmetic market through a co‑branding strategy

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5️⃣ 6. Aushadhi Herbal

Headquarters: Mumbai, India
Key Offering: Traditional Medicine Extracts, Ayurvedic Supplements

Aushadhi Herbal supplies raw extracts used in Ayurvedic formulations, emphasizing traceability from seed to shelf. Their flagship product, GlycoHerbal, is a key component in anti‑stress and digestive tonics.

Sustainability & Growth Initiatives:

• Implementing organic farming practices across all plantations
• Launching a consumer education campaign on the benefits of glycyrrhizin
• Targeting a 30% increase in export sales to Southeast Asia by 2029

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4️⃣ 7. Actives International

Headquarters: London, United Kingdom
Key Offering: Functional Food Ingredients, Nutraceuticals

Actives International supplies high‑purity extracts for the nutraceutical sector, focusing on functional foods that promote digestive health. Their product, DigestWell, is a core ingredient in several probiotic‑infused drinks.

Sustainability & Growth Initiatives:

• Investing in renewable energy for all extraction facilities
• Developing a closed‑loop waste‑to‑energy system for spent biomass
• Expanding distribution in North America through a joint venture with a leading nutraceutical distributor

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3️⃣ 8. Bioveda Naturals

Headquarters: Boston, USA
Key Offering: Pharmaceutical‑grade Extracts, Clinical Research Supplies

Bioveda Naturals provides GMP‑certified extracts to pharmaceutical research labs. Their GlycoPure line is frequently cited in clinical trials investigating anti‑viral and anti‑inflammatory mechanisms.

Sustainability & Growth Initiatives:

• Adopting green chemistry principles to eliminate toxic solvents
• Partnering with universities to develop novel extraction technologies
• Targeting a 15% increase in U.S. sales by 2028

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2️⃣ 9. Indus Extracts

Headquarters: Hyderabad, India
Key Offering: Bulk Liquorice Extracts, Custom Blends

Indus Extracts specialises in bulk supply for food manufacturers and nutraceutical companies, offering custom blends tailored to flavour intensity and glycyrrhizin content.

Sustainability & Growth Initiatives:

• Implementing precision agriculture to reduce pesticide use by 25%
• Developing a carbon‑offset program for its supply chain
• Expanding into the Middle East market through a distribution partnership

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1️⃣ 10. Jarchem Industries

Headquarters: Shanghai, China
Key Offering: Food‑grade Extracts, Cosmetic Ingredients

Jarchem Industries serves the fast‑growing Chinese consumer goods market, providing high‑purity extracts that meet both domestic and international regulatory standards. Their product, PureLicor, is a staple ingredient in over 500 confectionery and beverage brands.

Sustainability & Growth Initiatives:

• Adopting solar energy across all production sites
• Launching a waste‑to‑fuel program for spent biomass
• Targeting a 20% increase in export sales to ASEAN by 2030

Download FREE Sample Report: Global Liquorice Root Extract Market – View in Detailed Research Report

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🌍 Outlook: The Future of Liquorice Root Extract

The sector is poised to shift from traditional confectionery uses toward high‑value applications in pharmaceuticals and cosmetics. Regulatory focus on natural ingredients is driving demand for certified, traceable extracts, while technological advances in extraction and standardisation are lowering costs and improving consistency.

📈 Key Trends Shaping the Market:

• Rising consumer preference for plant‑based wellness ingredients
• Expansion of glycyrrhizin‑based nutraceuticals in emerging markets
• Integration of digital traceability systems across the supply chain
• Strategic collaborations between flavor houses and biotech firms to engineer higher‑yield cultivars

These dynamics are likely to sustain a healthy growth trajectory, with the top players positioned to capture the expanding premium segment.