The global Licorice Extract Powder Market is currently valued at USD 870 million in 2023, with projections indicating a stabilization trend through 2032. Derived from Glycyrrhiza glabra roots, this versatile botanical extract serves dual roles as a natural sweetener in food applications and a therapeutic agent in pharmaceuticals – a duality that continues to shape its market trajectory.
While the overall market shows modest contraction at a CAGR of -0.01%, North America maintains stable demand with USD 224.76 million valuation in 2023. The market’s resilience stems from growing consumer preference for plant-based ingredients and increasing clinical validation of licorice’s bioactive compounds – particularly glycyrrhizin and flavonoids with demonstrated anti-inflammatory properties.
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284263/global-regional-licorice-extract-powder-forecast-supply-dem-analysis-competitive-market-2025-2032-13
Market Overview & Regional Analysis
Asia-Pacific dominates production capacity, with China and India collectively accounting for over 65% of global licorice root cultivation. However, Europe leads in value-added processing, particularly for pharmaceutical-grade extracts meeting stringent EMA quality standards. The region’s robust herbal medicine tradition and growing nutraceutical sector create consistent demand.
North America’s market displays diverging trends – while conventional food applications face competition from alternative sweeteners, the pharmaceutical and personal care segments show 5-7% annual growth. Latin America emerges as an untapped source for organic licorice cultivation, with Argentina and Chile expanding production to meet EU organic certification requirements.
Key Market Drivers and Opportunities
The market benefits from three concurrent health trends: rising demand for digestive health supplements (licorice’s traditional use), growth in adaptogenic herbal formulations, and increasing dermatological applications for hyperpigmentation treatment. Pharmaceutical applications now command 38% of market value, followed by food (32%) and cosmetics (25%).
Emerging opportunities include micronized licorice powders for enhanced bioavailability in supplements, and licorice-mushroot extract combinations gaining traction in smoking cessation products. The clean labeling movement in food industries also creates new applications as manufacturers replace artificial sweeteners with licorice-derived alternatives.
Challenges & Restraints
Market growth faces headwinds from glycyrrhizin-related regulatory constraints – the EU’s allowable daily intake limit (100mg/day) and FDA warnings about prolonged consumption creating formulation challenges. Climate change impacts on licorice root yields in traditional growing regions and sustainability concerns around wild harvesting further complicate supply chains.
Alternative sweetener competition (stevia, monk fruit) exerts price pressure on food-grade extracts, while synthetic drug alternatives reduce pharmaceutical demand for certain therapeutic applications. Nevertheless, ongoing research into licorice’s antiviral properties, particularly against respiratory viruses, may open new clinical opportunities.
Market Segmentation by Type
- Pharmaceutical Grade
- Food Grade
- Feed Grade
Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/284263/global-regional-licorice-extract-powder-forecast-supply-dem-analysis-competitive-market-2025-2032-13
Market Segmentation by Application
- Pharmaceutical Industry
- Food Industry
- Cosmetic Industry
- Others
Market Segmentation and Key Players
- Magnasweet
- ASEH
- Zagros Licorice
- Sepidan Osareh
- F&C Licorice
- Norevo GmbH
- Ransom Naturals
- Maruzen Pharmaceuticals
- MCFS
- Aushadhi Herbal
- Avestia Pharma
- VPL Chemicals
- Zelang
- Changyue
- Bokai
Report Scope
This comprehensive analysis covers the global licorice extract powder landscape from 2024-2032, with detailed examination of:
- Value chain dynamics from cultivation to end-use applications
- Regulatory impact analysis across major markets
- Patent landscape for extraction and formulation technologies
The report delivers actionable intelligence through:
- Plant-level capacity utilization tracking
- Price trend analysis by grade and region
- Competitive strategy benchmarking
- Emerging application pipeline assessment
Get Full Report Here: https://www.24chemicalresearch.com/reports/284263/global-regional-licorice-extract-powder-forecast-supply-dem-analysis-competitive-market-2025-2032-13
About 24chemicalresearch
Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.
- Plant-level capacity tracking
- Real-time price monitoring
- Techno-economic feasibility studies
With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Pre-Treatment Coatings Market, Global Outlook and Forecast 2025-2031 - June 8, 2025
- Top 10 Companies in the Leather Dyes and Chemicals Industry (2025): Market Leaders Revolutionizing Global Leather Production - June 8, 2025
- Tetra (dimethylamino) Tin Market, Global Outlook and Forecast 2025-2032: Supply and Demand analysis, Regional Analysis and Competitive - June 8, 2025