The Global Glycyrrhizic Acid Powder Market was valued at USD 98.7 Million in 2025 and is projected to reach USD 172.5 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. This significant growth is being powered by the global shift toward natural ingredients in food and beverages, the expanding application of its therapeutic properties in pharmaceuticals and nutraceuticals, and rising consumer demand for clean-label, plant-based solutions across multiple industries.

As the wellness and natural products industry accelerates, the spotlight turns to the specialized phytochemical producers who are pioneering extraction, purification, and application technologies. In this blog, we profile the Top 10 Companies in the Glycyrrhizic Acid Powder Industry—a focused group of botanical extract specialists and pharmaceutical ingredient suppliers shaping the sustainable and health-focused future of this versatile compound.

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🔟 10. Novochem

Headquarters: Amersfoort, Netherlands
Key Offering: High-Purity Botanical Extracts, Glycyrrhizic Acid Powder for European Market

Novochem acts as a key European distributor and supplier of high-quality botanical extracts, including glycyrrhizic acid powder. The company serves the pharmaceutical, food, and cosmetic industries across Europe, emphasizing compliance with stringent EU regulations. Its strength lies in its robust supply chain logistics and quality assurance protocols tailored to the European market’s specific demands.

Market Initiatives:

• Focus on REACH compliance and EU quality standards for ingredients.
• Strategic sourcing partnerships with Asian producers to ensure a steady supply.
• Providing technical support and documentation for European manufacturers.

Download FREE Sample Report: Glycyrrhizic Acid Powder Market – View in Detailed Research Report

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9️⃣ 9. Shaanxi Huike Botanical Development Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: Licorice Root Extracts, Glycyrrhizic Acid Powder (25%, 35%)

Shaanxi Huike Botanical Development is an established Chinese manufacturer specializing in plant extracts, with licorice derivatives forming a core part of its portfolio. The company leverages its proximity to cultivation regions for raw material sourcing and utilizes modern extraction facilities to produce glycyrrhizic acid powder primarily for the domestic market and export to Asia.

Market Initiatives:

• Vertical integration strategies to control quality from farm to extract.
• Investment in GMP (Good Manufacturing Practice) certified production lines.
• Focus on cost-competitive production to serve the high-volume food additive segment.

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8️⃣ 8. Xi’an SR Bio-Engineering Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: Standardized Herbal Extracts, Glycyrrhizic Acid Powder for Nutraceuticals

Xi’an SR Bio-Engineering is a technology-driven manufacturer focused on standardized herbal extracts for the global nutraceutical and functional food industries. The company emphasizes scientific validation and consistency in its glycyrrhizic acid products, catering to clients who require precise active compound ratios for dietary supplement formulations.

Market Initiatives:

• R&D focused on enhancing bioavailability and formulation compatibility.
• Certifications for organic and non-GMO products to meet international standards.
• Building B2B relationships with supplement brands in North America and Europe.

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7️⃣ 7. Bazhou Weicheng Biological Technology Co., Ltd.

Headquarters: Bazhou, Hebei, China
Key Offering: Glycyrrhizic Acid Powder, Licorice Extract, Food & Tobacco Additives

Bazhou Weicheng Biological Technology is a significant player in the Chinese glycyrrhizic acid market, with a strong focus on serving the food, beverage, and tobacco industries. The company’s operations are strategically located near licorice resources, enabling efficient raw material procurement and large-scale production of cost-effective glycyrrhizic acid powder.

Market Initiatives:

• Specialization in high-volume production for industrial-scale food additive applications.
• Development of proprietary extraction processes to maximize yield and reduce costs.
• Maintaining a vast distribution network within China and key export markets.

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6️⃣ 6. Mitsubishi Corporation Life Sciences Limited

Headquarters: Tokyo, Japan
Key Offering: Fine Chemicals, Pharmaceutical Intermediates, Specialty Glycyrrhizic Acid Grades

Mitsubishi Corporation Life Sciences Limited, part of the giant Mitsubishi Corporation, brings significant scale and pharmaceutical-grade expertise to the market. The company supplies high-purity glycyrrhizic acid powder as an intermediate for pharmaceutical formulations, focusing on stringent quality control and supply chain reliability demanded by global drug manufacturers.

Market Initiatives:

• Application development support for pharmaceutical partners seeking new drug formulations.
• Investment in advanced purification technologies to produce APIs (Active Pharmaceutical Ingredients) grade material.
• Leveraging global logistics and trading network for stable international supply.

Download FREE Sample Report: Glycyrrhizic Acid Powder Market – View in Detailed Research Report

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5️⃣ 5. Jiangsu Tiansheng Pharmaceutical Co., Ltd.

Headquarters: Taizhou, Jiangsu, China
Key Offering: Pharmaceutical-Grade Glycyrrhizic Acid Powder, High-Purity Extracts

Jiangsu Tiansheng Pharmaceutical is a leading force in the production of pharmaceutical-grade botanical extracts. The company’s expertise in purification processes allows it to produce exceptionally high-purity glycyrrhizic acid powder, making it a preferred supplier for drugmakers and high-end nutraceutical companies globally.

Market Initiatives:

• State-of-the-art facilities compliant with cGMP (current Good Manufacturing Practice) standards.
• Strong R&D pipeline exploring novel therapeutic applications of glycyrrhizic acid.
• Strategic focus on the high-margin pharmaceutical and premium cosmetic segments.

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4️⃣ 4. Xi’an Lyphar Biotech Co., Ltd

Headquarters: Xi’an, Shaanxi, China
Key Offering: Glycyrrhizic Acid Powder (98%+ Purity), Natural Ingredients for Global Export

Xi’an Lyphar Biotech has carved a niche as a reliable international exporter of high-purity natural ingredients. The company offers glycyrrhizic acid powder with purity levels exceeding 98%, targeting the pharmaceutical research, cosmetic, and specialty supplement markets. Its strong online B2B presence and export-oriented model make it accessible to clients worldwide.

Market Initiatives:

• Emphasis on third-party lab testing and Certificates of Analysis (CoAs) for every batch.
• Active engagement in digital marketing and e-commerce platforms to reach global SMEs.
• Developing customized blends and formulations for specific client applications.

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3️⃣ 3. Shaanxi Jintai Biological Engineering Co., Ltd

Headquarters: Xi’an, Shaanxi, China
Key Offering: Bulk Glycyrrhizic Acid Powder, Licorice Extract Series

Shanxi Jintai Biological Engineering is a major industrial-scale producer with significant capacity. The company is a key supplier of bulk glycyrrhizic acid powder to large food, beverage, and tobacco companies, competing effectively on price and volume while maintaining consistent quality for standard applications.

Market Initiatives:

• Optimization of large-scale, cost-efficient extraction and drying technologies.
• Long-term supply contracts with major consumer goods corporations.
• Continuous process improvement to enhance yield and reduce environmental impact.

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2️⃣ 2. Alps Pharmaceutical Ind. Co., Ltd.

Headquarters: Gifu, Japan
Key Offering: Pharmaceutical & Cosmetic-Grade Glycyrrhizin (Ammoniated Glycyrrhizic Acid)

Alps Pharmaceutical is a renowned Japanese specialist in licorice-derived products, particularly known for its high-quality Glycyrrhizin (ammoniated glycyrrhizic acid). The company is a pioneer in the field, with decades of experience and a strong reputation for purity and efficacy, serving top-tier cosmetic brands and pharmaceutical companies globally.

Market Initiatives:

• Pioneering research on the dermatological benefits of glycyrrhizic acid derivatives.
• Production of unique, patented forms of glycyrrhizin for enhanced stability in formulations.
• Focus on the high-value Japanese and Korean cosmetic markets as a technology leader.

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1️⃣ 1. Gansu Sandi Phytochemical Co., Ltd.

Headquarters: Gansu, China
Key Offering: Glycyrrhizic Acid Powder, Licorice Extract, Full Licorice Product Line

Gansu Sandi Phytochemical stands as the undisputed global leader in the glycyrrhizic acid powder market. Strategically located in one of China’s primary licorice-growing regions, the company benefits from vertical integration—controlling everything from cultivation to advanced extraction. Its massive production capacity, extensive product range (including various purity levels like 25% and 35%), and dominant market share make it the benchmark supplier for industries worldwide.

Market Initiatives:

• Unmatched scale and control over the licorice supply chain, ensuring stability and cost leadership.
• Continuous investment in R&D for new extraction methods and application development.
• Commanding influence over global pricing and supply trends due to its market position.

Get Full Report Here: Glycyrrhizic Acid Powder Market – View in Detailed Research Report

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🌍 Outlook: The Future of Glycyrrhizic Acid Powder Is Functional and Diversified

The glycyrrhizic acid powder market is undergoing a strategic evolution. While traditional applications in food and tobacco remain volume drivers, the industry’s future is being redefined by innovation in high-value sectors. The convergence of traditional herbal wisdom with modern science is unlocking unprecedented potential for this ancient compound.

📈 Key Trends Shaping the Market:

• Rapid growth in nutraceutical and dietary supplement formulations for liver health, immunity, and anti-inflammatory support.
• Innovations in cosmetic science, utilizing glycyrrhizic acid for sensitive skin care, brightening, and anti-aging products.
• Increasing investment in pharmaceutical R&D for antiviral and hepatoprotective drug development.
• Supply chain diversification and sustainable farming initiatives to mitigate geographic and climate-related risks.

Get Full Report Here: Glycyrrhizic Acid Powder Market – View in Detailed Research Report

The companies profiled are not merely supplying an ingredient—they are enabling the global transition toward natural, effective, and scientifically-backed health and wellness solutions.