Market
Introduction:
Glycyrrhizin
is a chemical which is found in the roots of Glycyrrhiza glabra
(liquorice), the plants belongs to legume family. Glycyrrhiza glabra
is native to the regions of Asia Pacific and Western Europe. It’s
been ages that glycyrrhizin is used as an herbal medicine in china.
Glycyrrhizin is also used as a sweet flavoring agent in sweets,
toothpaste, chewing gums soft drinks and beers. In various parts of
Asia pacific glycyrrhizin is also used as an ingredient in hot herbal
tea. It is said to be much sweeter than the regular sugar we consume
in our daily life. Research has found that glycyrrhizin has a
glucocorticoid properties in it, similar to steroids. Glycyrrhizin
has positive as well as adverse health effects on human body.
Glycyrrhizin is also used as a gelling agent in food and cosmetic
products.
Market
Segmentation:
Glycyrrhizin
market
is segment on the basis of application, distribution channel and
region. On the basis of application the market is segmented into
pharmaceuticals, food & beverage and cosmetic industries. Among
all these segment pharmaceuticals is expected to grow to a great
extent in the forecast period, as there is a humongous use of
glycyrrhizin in treating various diseases. The demand for
glycyrrhizin is also more as it is used as a sweetening agent in the
food and beverage industry. On the basis of distribution channel the
market is segmented into upermarkets/hypermarkets, medical stores and
online stores. Medical stores is anticipated to hold a relatively
higher share in the glycyrrhizin market, followed by
supermarkets/hypermarkets. On the basis of region the glycyrrhizin
market is segmented into North America, Latin America, Europe, Asia
Pacific & Japan and MEA.
Market
Regional Outlook:
Regional
segment for the market of glycyrrhizin is divided into five different
regions: North America, Latin America, Europe, Asia Pacific &
Japan and MEA. Among these segment Asia Pacific is expected to be the
leader of glycyrrhizin market share globally, and is expected to be
dominant in the forecaster period. In Asia Pacific region the
countries like china and japan are the key market for glycyrrhizin,
Uzbekistan is also generating high revenue as the country is one of
the largest producers of glycyrrhizin. In terms of revenue Europe is
the expected to be the second leading contributor in the glycyrrhizin
market, followed by North America.
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Market
Drivers:
The
rising awareness about the medical benefits glycyrrhizin among the
consumers is driving the market of glycyrrhizin. The market of
glycyrrhizin is also increasing due to the strong increase of
disposable personal income along with rising population and the
multiple use of glycyrrhizin in the food & beverage and
pharmaceutical industry. With the arrival of new market players in
the global market is anticipated to boost the growth of glycyrrhizin
market globally during the forecast period. Glycyrrhizin offers a lot
of health benefits such as it helps in the prevention of peptic
ulcers which cause abdominal pain and loss of appetite, acts as a
good anti-bacterial agent, its stops the fat accumulation in the body
and to lose weight. Glycyrrhizin is also used to cure long term
chronic disease like hepatitis C. The market of glycyrrhizin is also
expected to grow because of the growing demand of glycyrrhizin in the
Asia Pacific region due to the wide range of application in the
cosmetic industry. Along with the health benefits associated with
glycyrrhizin, there are some adverse effects which will hinder the
growth of the glycyrrhizin market such as, it induces the blood
pressure which may cause some adverse effect, loss of potassium from
the blood occurs which may cause muscle weakness. Moreover,
consumption of glycyrrhizin by a pregnant woman may lead to premature
delivery of the baby.
Market
Key Players:
Some
of the key players in glycyrrhizin market are Minophagen
Pharmaceutical Co Ltd., Douglas Labs, Shaanxi Fujie Pharmaceutical
Co. Ltd, FAME Pharmaceuticals Industry Co., Ltd., MAFCO Worldwide
LLC, Fanzhi Group, Gansu Yalan Pharmaceutical Co., Ltd ,Greenline
Biotech Co., LTD, Ruihong Bio-technique, ELION Group Limited., Hunan
Dinuo Pharmaceutical Co., Ltd., MARUZEN PHARMACEUTICALS CO., LTD.,
Xinjiang TIANSHAN Pharmaceuticals Industry Co.,Ltd, Qingdao Taitong
Pharmaceutical Co., Ltd. CokeyCo.,Ltd
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