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Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
Scope of the Report:
Licorice extract industry has low technology barrier and is dispersive relatively. Currently, there are many producing companies in the world licorice extract industry. The main market players are Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh and F&C Licorice. The global production of licorice extract will increase to 44595 MT in 2017 from 37213 MT in 2012 with average growth rate of 3.69%. Global licorice extract capacity utilization rate remained at around 75.24% in 2016.
Licorice extract has three types, which include pharmaceutical grade, food grade and feed grade. And each type has application industries relatively. With pharmaceutical value and sweetening effect of licorice extract, the downstream application industries will need more licorice extract products. So, licorice extract has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance licorice extract through improving technology.
The major raw materials for licorice extract are licorice and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of licorice extract. The production cost of licorice extract is also an important factor which could impact the price of licorice extract. The licorice extract manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is fluctuation in gross margin.
The worldwide market for Licorice Extract is expected to grow at a CAGR of roughly -0.4% over the next five years, will reach 850 million US$ in 2024, from 870 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Licorice Extract in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- 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
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Pharmaceutical Grade
- Food Grade
- Feed Grade
Market Segment by Applications, can be divided into
- Pharmaceutical Industry
- Food Industry
- Cosmetic Industry
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Licorice Extract product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Licorice Extract, with price, sales, revenue and global market share of Licorice Extract in 2017 and 2018.
Chapter 3, the Licorice Extract competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Licorice Extract breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Licorice Extract market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Licorice Extract sales channel, distributors, customers, research findings and conclusion, appendix and data source.