Licorice Root Market Size, Share, Analysis Report

Licorice Root Market Size, By Product Type (Roots, Extracts), By End Use (Food & Beverages Industry, Cosmetic Industry, Tobacco Industry, Pharmaceutical industry, Dietary Supplements, Others), By Region, Market Analysis Report, Forecast

The high salt content in the land is good for the sweetener ingredient that is found in licorice root, as licorice is a salt-tolerated shrub that contains sweetener as a core functional ingredient.

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MARKET SNAPSHOT

Major Players

  • NOREVO GmbH
  • Herbs Iran
  • Naturex SA
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    8

    Fastest Growing Market:

    APAC

    Largest Market:

    6

    REPORT DESCRIPTION

    The high salt content in the land is good for the sweetener ingredient that is found in licorice root, as licorice is a salt-tolerated shrub that contains sweetener as a core functional ingredient. Licorice root extract is a very important flavouring agent and component at present in the confectionery and tobacco industries. The cost of production of these crops is comparatively high and switching production to licorice will help the farmers as well as crop producing companies in the region to gain profits from and also suffice the growing demand for licorice from several end-use industries.

    Global Licorice Root market is segregated on the basis of Product type as Roots and Extracts. Based on end use, the global Licorice Root market is segmented in food & beverages industry, Cosmetic industry, tobacco industry, pharmaceutical industry, dietary supplements and others.

    Global Licorice Root market report provides geographic analysis covering regions such as North America, Europe, Asia Pacific, and Rest of World. The Licorice Root market for each region is further segmented for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.

    Competitive Rivalry

    NOREVO GmbH, Herbs Iran, Naturex SA is among the major players in the global Licorice Root market share. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Licorice Root Market has been segmented as below:

    Licorice Root Market, by Product Type

    • Roots  
    • Extracts

    Licorice Root Market, by End Use

    • Food & Beverages industry
    • Cosmetic Industry
    • Tobacco Industry
    • Pharmaceutical Industry
    • Dietary Supplements
    • Others

    Licorice Root Market, By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of World

    The report covers:

    • Global Licorice Root market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Licorice Root market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the Licorice Root market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report scope:

    Global Licorice Root market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Licorice Root market share. Major industry players with significant revenue share include F & C Licorice Group, Shadian, Green Agro Invest LLC, Russolod LLC etc.

    Reasons to Buy this Report:

    • Gain detailed insights on the Licorice Root industry trends
    • Find complete analysis on the market status
    • Identify the Licorice Root market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Customization:

    Customized report as per the requirement can be offered with appropriate recommendations

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    1.    Introduction
        1.1.    Key Points
        1.2.    Report Description
        1.3.    Markets Covered
        1.4.    Stakeholders

    2.    Research Methodology
        2.1.    Research Scope
        2.2.    Research Methodology
            2.2.1.    Market Research Process
            2.2.2.    Research Methodology
                2.2.2.1.    Secondary Research
                2.2.2.2.    Primary Research
                2.2.2.3.    Models for Estimation
        2.3.    Market Size Estimation
            2.3.1.    Bottom-Up Approach
            2.3.2.    Top-Down Approach

    3.    Executive Summary

    4.    Market Overview
        4.1.    Introduction
        4.2.    Drivers
            4.2.1.    Advancement and developments in R&D
            4.2.2.    Technological advancements
        4.3.    Restraints
            4.3.1.    High in cost of raw material

    5.    Licorice Root Market, By Product Type
        5.1.    Key Points
        5.2.    Roots
        5.3.    Extracts

    6.    Licorice Root Market, By End Use
        6.1.    Key Points
        6.2.    Food & Beverages Industry
        6.3.    Cosmetic Industry
        6.4.    Tobacco Industry
        6.5.    Pharmaceutical Industry
        6.6.    Dietary Supplements
        6.7.    Others

    7.    Competitive Landscape
        7.1.    Introduction
        7.2.    Recent Developments
            7.2.1.    Mergers &Acquisitions
            7.2.2.    New Product Developments
            7.2.3.    Portfolio/Production Capacity Expansions
            7.2.4.    Joint Ventures, Collaborations, Partnerships & Agreements
            7.2.5.    Others

    8.    Company Profile
        8.1.    F & C Licorice Group
            8.1.1.    Company Overview
            8.1.2.    Product/Service Landscape
            8.1.3.    Financial Overview
            8.1.4.    Recent Developments
        8.2.    Herbs Iran
            8.2.1.    Company Overview
            8.2.2.    Product/Service Landscape
            8.2.3.    Financial Overview
            8.2.4.    Recent Developments
        8.3.    Shadian
            8.3.1.    Company Overview
            8.3.2.    Product/Service Landscape
            8.3.3.    Financial Overview
            8.3.4.    Recent Developments
        8.4.    Naturex SA
            8.4.1.    Company Overview
            8.4.2.    Product/Service Landscape
            8.4.3.    Financial Overview
            8.4.4.    Recent Developments
        8.5.    Green Agro Invest LLC
            8.5.1.    Company Overview
            8.5.2.    Product/Service Landscape
            8.5.3.    Financial Overview
            8.5.4.    Recent Developments
        8.6.    F & C Licorice Group
            8.6.1.    Company Overview
            8.6.2.    Product/Service Landscape
            8.6.3.    Financial Overview
            8.6.4.    Recent Developments

    The Licorice Root Market has been segmented as below:

    Licorice Root Market, by Product Type

    • Roots  
    • Extracts

    Licorice Root Market, by End User

    • Food & Beverages industry
    • Cosmetic Industry
    • Tobacco Industry
    • Pharmaceutical Industry
    • Dietary Supplements
    • Others

    Licorice Root Market, By Region

    • North America
    • Europe
    • Asia Pacific
    • Rest of World

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    The market is expected to grow at a CAGR of 8.05% during the study period (2022-2027)
    The segment included in Licorice Root market Product, End User and region.
    Some key players operating in the Licorice Root market include NOREVO GmbH, Herbs Iran, Naturex SA
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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