The Southeast Asia Ammoniated Glycyrrhizin Market was valued at USD 58.7 million in 2023 and is projected to reach USD 82.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024-2030). This robust growth stems from increasing demand for plant-based sweeteners across Thailand, Indonesia, Vietnam, and other ASEAN countries, particularly in food & beverage, pharmaceutical, and personal care applications.

As consumers shift toward cleaner-label ingredients, ammoniated glycyrrhizin – derived from licorice root – has emerged as a multifunctional ingredient with sweetness-enhancing, anti-inflammatory, and flavor-masking properties. Leading manufacturers are investing in regional production facilities and application-specific formulations to capture this growing demand.

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🔟 1. Norevo GmbH

Headquarters: Hamburg, Germany
Key Offering: Pharmaceutical and food-grade ammoniated glycyrrhizin

This European specialty chemical company has established itself as a preferred supplier to Indonesian and Malaysian food processors, offering Halal-certified glycyrrhizin extracts with purity levels exceeding 95%.

Market Strategies:

• Customized solubility-enhancing formulations for traditional Southeast Asian beverages
• Strategic partnerships with local sweetener distributors

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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9️⃣ 2. VPL Chemicals Pvt. Ltd.

Headquarters: Mumbai, India
Key Offering: Cost-competitive industrial-grade products

VPL Chemicals has captured significant market share in Cambodia and Myanmar through aggressive pricing strategies, offering bulk packaging options tailored to small-scale manufacturers.

Market Strategies:

• Localized distribution networks in secondary ASEAN markets
• Economy-grade formulations for traditional medicine applications

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8️⃣ 3. Shaanxi Jiahe Phytochem Co., Ltd.

Headquarters: Xi’an, China
Key Offering: High-purity pharmaceutical extracts

This Chinese manufacturer’s ISO 22000 certified facility supplies over 35% of Vietnam’s pharmaceutical-grade ammoniated glycyrrhizin demand, with specialized formulations for traditional herbal remedies.

Market Strategies:

• Joint ventures with Vietnamese herbal supplement producers
• Cold-water soluble variants for instant beverage applications

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7️⃣ 4. Frutarom Health

Headquarters: Haifa, Israel
Key Offering: Organic-certified glycyrrhizin extracts

The company’s Singapore regional hub services premium food manufacturers across ASEAN, with products certified for both organic and Halal applications.

Market Strategies:

• Flavor modulation systems for Southeast Asian spice profiles
• Sustainable sourcing initiatives with Indonesian farmers

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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6️⃣ 5. Mafco Worldwide LLC

Headquarters: Camden, USA
Key Offering: Patented Magnasweet® formulations

As part of MacAndrews & Forbes, Mafco dominates high-margin pharmaceutical applications with its clinically-proven anti-inflammatory glycyrrhizin compounds approved by ASEAN regulatory agencies.

Market Strategies:

• University research collaborations in Thailand
• Dosing optimization for traditional medicine integration

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5️⃣ 6. Maruzen Pharmaceuticals

Headquarters: Tokyo, Japan
Key Offering: Ultra-pure grade for injectables

The Japanese firm’s cGMP-certified production lines supply premium pharmaceutical manufacturers across Singapore and Malaysia with 99%+ purity ammoniated glycyrrhizin.

Market Strategies:

• Specialized oncology formulations
• Cold chain distribution partnerships

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4️⃣ 7. AminoScience Labs

Headquarters: Gujarat, India
Key Offering: Blended sweetener systems

This Indian innovator has developed cost-effective glycyrrhizin-stevia blends that are gaining popularity among Philippine beverage manufacturers seeking sugar reduction solutions.

Market Strategies:

• Application-specific sweetener optimization
• Small-batch production for regional flavor profiles

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3️⃣ 8. Xi’an Lyphar Biotech

Headquarters: Xi’an, China
Key Offering: Organic solvent-free extracts

Lyphar’s ethanol-free extraction technology appeals to health-conscious ASEAN consumers, with particular success in Thailand’s functional food sector.

Market Strategies:

• Clean-label marketing initiatives
• Direct-to-manufacturer supply programs

Download FREE Sample Report: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

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2️⃣ 9. Novaphene Specialities

Headquarters: Hyderabad, India
Key Offering: Customized co-processed ingredients

Novaphene’s value-added delivery systems combine ammoniated glycyrrhizin with bioavailability enhancers for premium supplement applications across Malaysia and Indonesia.

Market Strategies:

• Patent-protected formulation technologies
• Joint application development with local brands

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1️⃣ 10. Fujian ZhiAn Biochemical

Headquarters: Fujian, China
Key Offering: Industrial-scale standard grade

As one of China’s largest licorice extract producers, Fujian ZhiAn supplies bulk ammoniated glycyrrhizin to multinational food companies operating processing facilities in Vietnam and Thailand.

Market Strategies:

• Vertical integration with raw material sourcing
• Economies of scale pricing advantages

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🌱 Market Outlook: Natural Sweeteners Gain Momentum

The Southeast Asia ammoniated glycyrrhizin market is transitioning toward more sophisticated applications as regional manufacturers upgrade technical capabilities.

📈 Emerging Trends:

• Rising demand for sugar reduction solutions in traditional snacks and beverages
• Increasing pharmaceutical applications in digestive health formulations
• Growing preference for clean-label extracts in personal care products
• Vertical integration among producers to ensure supply chain reliability

Get Full Report Here: Southeast Asia Ammoniated Glycyrrhizin Market – View in Detailed Research Report

These market leaders are driving innovation across the ASEAN region, developing application-specific solutions that cater to local taste preferences and regulatory requirements while meeting the growing demand for plant-based functional ingredients.