The Southeast Asia Ammoniated Glycyrrhizin Market was valued at USD 62.4 million in 2024 and is projected to reach USD 89.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024-2030). This growth is fueled by rising consumer demand for natural sweeteners, expanding pharmaceutical applications, and the thriving cosmetics industry across Thailand, Indonesia, Vietnam, and Malaysia.

As manufacturers shift toward clean-label ingredients and sustainable production methods, key players are investing in advanced extraction technologies and regional expansion. This report examines the top 10 companies driving innovation and market growth in Southeast Asia’s ammoniated glycyrrhizin sector.

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🔟 1. PT. Haldin Pacific Semesta (Indonesia)

Headquarters: Jakarta, Indonesia
Key Offering: Pharmaceutical and food-grade ammoniated glycyrrhizin

Indonesia’s largest natural extract supplier specializes in high-purity licorice derivatives. Haldin operates vertically integrated facilities from cultivation to final product formulation.

Market Advantages:

• Annual production capacity exceeding 650 metric tons
• Strategic partnerships with Japanese and Korean manufacturers
• Halal and ISO 22000 certified operations

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

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9️⃣ 2. Frutarom (Thailand) Ltd.

Headquarters: Bangkok, Thailand
Key Offering: Beverage-grade ammoniated glycyrrhizin solutions

The Thai subsidiary of International Flavors & Fragrances (IFF) provides specialized sweetener systems for Southeast Asia’s beverage manufacturers.

Market Advantages:

• Proprietary flavor-masking technologies
• Key supplier to major brands including Oishi and PepsiCo SEA
• R&D focus on reduced-sugar formulations

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8️⃣ 3. Indo World Trading Corporation (Vietnam)

Headquarters: Ho Chi Minh City, Vietnam
Key Offering: Cost-effective industrial-grade ammoniated glycyrrhizin

This Vietnamese market leader supplies affordable glycyrrhizin to domestic food processors and export markets across Indochina.

Market Advantages:

• Competitive pricing strategy
• Established distribution channels in Cambodia and Myanmar
• Customized bulk packaging solutions

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7️⃣ 4. Nagase & Co., Ltd. (Singapore Branch)

Headquarters: Singapore
Key Offering: High-purity pharmaceutical-grade ammoniated glycyrrhizin

The Asian arm of Japan’s Nagase Group supplies premium glycyrrhizin to regional pharmaceutical manufacturers.

Market Advantages:

• Purity levels exceeding 98%
• Technical support for drug formulation
• GMP-certified production facilities

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

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6️⃣ 5. PT. Indesso Aroma (Indonesia)

Headquarters: Jakarta, Indonesia
Key Offering: Organic-certified ammoniated glycyrrhizin

This Indonesian pioneer focuses on sustainable glycyrrhizin production for premium food and cosmetic applications.

Market Advantages:

• USDA Organic and EU Organic certified
• Full traceability from organic farms
• Exclusive supplier to European natural brands

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5️⃣ 6. Golden Health Ingredients Sdn Bhd (Malaysia)

Headquarters: Kuala Lumpur, Malaysia
Key Offering: Custom glycyrrhizin blends for F&B applications

Malaysia’s leading functional ingredients provider develops tailored sweetener systems for regional manufacturers.

Market Advantages:

• Application-specific formulation expertise
• Proprietary blending technologies
• Strong technical service capabilities

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4️⃣ 7. First Grade Ingredients Co., Ltd. (Thailand)

Headquarters: Bangkok, Thailand
Key Offering: Industrial-scale