The Global Monoammonium Glycyrrhizinate (MAG) market is experiencing significant growth, driven by a powerful consumer shift towards clean-label products and natural ingredients. MAG, derived from licorice root, is a high-intensity sweetener and flavor enhancer valued for its sweetness (approximately 150 times sweeter than sucrose) and its functional benefits, including anti-inflammatory and hepatoprotective properties. According to market analysis, the global Monoammonium Glycyrrhizinate market was valued at approximately US$ 85 million in 2023 and is projected to grow at a Compound Annual Growth Rate (CAGR) of around 5.5% from 2024 to 2030. This expansion is fueled by rising demand in the pharmaceutical, nutraceutical, and food & beverage sectors, particularly in Asia-Pacific and North America, where health-conscious consumers are driving innovation.

As industries seek to reduce sugar content without compromising on taste or safety, the spotlight turns to the key producers who ensure quality, supply chain resilience, and scientific innovation. In this blog, we profile the Top 10 Companies in the Monoammonium Glycyrrhizinate Industry—specialized manufacturers and global suppliers who are essential partners in formulating the next generation of healthier consumer products.

---

🔟 10. Shaanxi Jintai Biological Engineering Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: High-Purity MAG, Licorice Extracts

Shaanxi Jintai Biological Engineering is a specialized manufacturer of plant extracts, with a strong focus on licorice-derived products. The company leverages its location in a key licorice-growing region to control quality from source to finished product, serving both domestic Chinese and international B2B markets.

Innovation & Market Focus:

• Vertical integration in licorice sourcing
• Investment in advanced purification technologies for consistent MAG quality
• Growing exports to Southeast Asian and European markets

---

9️⃣ 9. Cokey

Headquarters: Xi’an, Shaanxi, China
Key Offering: Monoammonium Glycyrrhizinate, Glycyrrhizinic Acid

Cokey (also known as Xi’an Cokey Biotech) is a technology-driven enterprise specializing in the research, development, and production of natural active ingredients. The company is recognized for its stringent quality control systems and ability to produce MAG tailored to specific customer requirements in the pharmaceutical and cosmetic industries.

Innovation & Market Focus:

• Custom synthesis and purification services
• Strong R&D capabilities for novel licorice extract applications
• Compliance with international pharmacopoeia standards (USP, EP)

---

8️⃣ 8. Alps Pharmaceutical

Headquarters: Gifu, Japan
Key Offering: Pharmaceutical-Grade MAG, Licorice Flavonoid Oil

Alps Pharmaceutical is a Japanese leader in the development of ethical drugs and active pharmaceutical ingredients (APIs) derived from natural sources. The company has deep expertise in the therapeutic applications of licorice compounds and produces high-purity MAG primarily for the Japanese and global pharmaceutical markets.

Innovation & Market Focus:

• Pioneering research on MAG for liver and dermatological health
• Strategic focus on prescription and OTC pharmaceutical formulations
• Long-standing reputation for quality and scientific validation

Download FREE Sample Report:
Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

---

7️⃣ 7. Qinghai Lake Pharmaceutical Co., Ltd.

Headquarters: Xining, Qinghai, China
Key Offering: Licorice Extracts, Monoammonium Glycyrrhizinate

Qinghai Lake Pharmaceutical is a major player in the Chinese herbal extract industry, utilizing resources from the Qinghai-Tibet Plateau. The company operates large-scale extraction facilities and has made significant investments to increase its output of standardized licorice extracts, including MAG, to meet booming global demand.

Innovation & Market Focus:

• Large-scale, cost-effective production capabilities
• Focus on sustainable and traceable sourcing of raw licorice
• Supplying bulk ingredients to global food, beverage, and supplement brands

---

6️⃣ 6. Jiangsu Tiansheng Pharmaceutical Co., Ltd.

Headquarters: Yancheng, Jiangsu, China
Key Offering: Pharmaceutical Intermediates, MAG, Glycyrrhetinic Acid

Jiangsu Tiansheng Pharmaceutical is a integrated manufacturer with business spanning pharmaceuticals, intermediates, and fine chemicals. The company’s production of MAG is backed by robust chemical synthesis and purification expertise, making it a reliable supplier for high-grade applications where consistency is paramount.

Innovation & Market Focus:

• Diversified product portfolio with strong technical support
• Export-oriented business model with a global distribution network
• Emphasis on cGMP and ISO-certified manufacturing processes

---

5️⃣ 5. MAFCO Worldwide LLC

Headquarters: Camden, New Jersey, USA
Key Offering: Magnasweet® Flavors, Licorice Derivatives (including MAG)

MAFCO Worldwide, a subsidiary of MacAndrews & Forbes, is a unique and influential player as the owner of the world’s largest reserves of licensed licorice. The company’s Magnasweet® products are legendary in the flavor industry for their ability to enhance sweetness, mask bitterness, and improve mouthfeel, with MAG being a core component of their proprietary technologies.

Innovation & Market Focus:

• Complete vertical integration from root to finished flavor
• Proprietary flavor modulation and taste-enhancing solutions
• Key supplier to multinational food, beverage, and tobacco companies

Download FREE Sample Report:
Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

---

4️⃣ 4. Alchem International Ltd.

Headquarters: New Delhi, India
Key Offering: Natural Active Pharmaceutical Ingredients (APIs), MAG, Phytochemicals

Alchem International is a globally respected Indian manufacturer of high-quality natural products and APIs. With decades of experience, the company has established itself as a trusted supplier of MAG to the pharmaceutical industry worldwide, adhering to the strictest quality standards required for drug formulations.

Innovation & Market Focus:

• Strong focus on regulatory compliance (USFDA, EU-GMP approved facilities)
• Extensive portfolio of over 200 phytochemicals
• Strategic partnerships with global pharmaceutical innovators and generic companies

---

3️⃣ 3. Shaanxi Fujie Pharmaceutical Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: High-Purity MAG, Licorice Extracts, Herbal APIs

Shaanxi Fujie Pharmaceutical is one of China’s leading manufacturers of plant-based active ingredients. The company has invested heavily in state-of-the-art extraction and chromatographic separation technology, allowing it to produce MAG with purity levels exceeding 98%, which is critical for pharmaceutical and high-end nutraceutical applications.

Innovation & Market Focus:

• Technological leadership in purification and analytical testing
• Dedicated production lines for different grades (Pharmaceutical, Food)
• Significant contributor to China’s export market for standardized herbal extracts

---

2️⃣ 2. VITAL-CHEM Zhuhai Co., Ltd.

Headquarters: Zhuhai, Guangdong, China
Key Offering: Sweeteners (MAG, Stevia, Mogrosides), Flavors, Nutritional Ingredients

VITAL-CHEM Zhuhai is a powerhouse in the global natural sweetener and flavor industry. While renowned for its stevia products, the company is also a major producer and distributor of high-quality Monoammonium Glycyrrhizinate. Its strength lies in its application expertise, helping clients formulate reduced-sugar products that taste great.

Innovation & Market Focus:

• Comprehensive sweetener solutions combining MAG with other natural sweeteners
• World-class application labs and sensory analysis teams
• Global supply chain and customer service network

---

1️⃣ 1. Sabinsa Corporation

Headquarters: East Windsor, New Jersey, USA
Key Offering: MAG (as Glycerrhizin), Curcumin, Forskolin, and other Botanical Extracts

Sabinsa Corporation is a global leader in the development, manufacturing, and marketing of phytochemicals and patented herbal extracts. Founded by Dr. Muhammed Majeed, Sabinsa is a science-first company with over 300 patents. Its production of MAG is backed by extensive clinical research, positioning it as the premier supplier for evidence-based nutraceutical and pharmaceutical formulations worldwide.

Innovation & Market Focus:

• Pioneering research on the health benefits of licorice compounds
• Unparalleled commitment to scientific validation and peer-reviewed studies
• Vertically integrated operations ensuring traceability and quality from farm to finished product

Get Full Report Here:
Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Monoammonium Glycyrrhizinate is Multi-Functional and Science-Backed

The Monoammonium Glycyrrhizinate market is evolving beyond its traditional role as a sweetener. Today, it is increasingly viewed as a multi-functional ingredient that can address several consumer demands simultaneously: sugar reduction, clean labels, and inherent wellness benefits. This shift requires a higher level of scientific rigor and supply chain sophistication, which the leading companies are actively providing.

📈 Key Trends Shaping the Market:

• Pharmaceutical Expansion: Growing clinical evidence supporting MAG’s use in hepatoprotective, anti-viral, and dermatological treatments is opening new Rx and OTC drug avenues.
• Cosmetic & Personal Care Growth: The anti-inflammatory and skin-brightening properties of licorice extracts are driving adoption in serums, creams, and anti-acne formulations.
• Clean-Label Movement: As consumers reject artificial sweeteners and additives, natural, recognizable ingredients like licorice root extract are gaining favor in food, beverage, and supplement products.
• Supply Chain & Sustainability: Leading companies are investing in sustainable licorice cultivation, traceability programs, and green extraction technologies to ensure long-term supply and meet ESG (Environmental, Social, and Governance) criteria.

Get Full Report Here:
Monoammonium Glycyrrhizinate Market – View in Detailed Research Report

The companies profiled above are not just suppliers of an ingredient; they are innovation partners enabling healthier, tastier, and more effective products across a spectrum of industries. Their expertise in science, quality, and application is fundamental to the ongoing growth and sophistication of the global Monoammonium Glycyrrhizinate market.