Licorice Extracts Market Key Growth Factors and Industry Analysis 2017-2025

The presence of a number of well-established players points towards a high degree of competition in the global licorice extracts market, states the report by Transparency Market Research (TMR). Over the coming years, innovation and product advancements is likely to remain the most preferred strategy among the market players, looking for expansion in their presence.

Download exclusive Sample of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18749

According to TMR, the opportunity in the global market for licorice extracts is anticipated to expand at a CAGR of 4.0% during the period from 2017 to 2025, rising from US$1.70 bn in 2016 to US$2.3 bn by the end of the period of the forecast. The powder form of licorice extracts has been reporting a higher demand across the world due to its widespread application in food and beverages and skincare products. Analysts project the scenario to remain same throughout the forecast period, reveals the research study.

Strong Demand from Asian Countries to Safeguard Asia Pacific’s Lead

The Middle East and Africa, Europe, North America, Latin America, and Asia Pacific have been considered as the prime regional markets for licorice extracts in this research report. The study further presents a comprehensive assessment of these regional markets, according to which Asia Pacific, with a share of more than 32%, led the global market for licorice extracts in 2016. Thanks to the high demand for these extracts in China, India, Japan, and the Rest of Asia Pacific, this regional market is expected to continue on the top throughout the forecast period.

Europe is likely to follow Asia Pacific closely and occupy the second position in the global market over the years to come, thanks to the rising demand for low calorie foods, boosted by the increasing preference of consumers for a healthier lifestyle. North America, on the other hand, is anticipated to register a significant rise in its market share in the near future.

The imminent growth opportunities generated by the augmenting usage of herbal medicines is likely to propel the North America market for licorice extracts over the next few years. The Latin America and the Middle East and Africa markets for licorice extracts are also projected to witness noticeable growth during the forecast period, states the research report.

Increasing Awareness about Health and Wellness to Drive Demand

“The rising demand for herbal medicines and various other products related to health and wellness across the world is having a substantial impact in the global licorice extract market,” says an analyst at TMR. Nowadays, people are more conscious regarding their health and fitness, which has prompted them to shift to various medical supplements, especially natural, herbal, and sugar-free, leading to an increased uptake of natural ingredients in medical supplements. This, as a result, is boosting the demand for licorice extracts, worldwide, reflecting positively on this market.

Going forward, the market is likely to gain significantly in the near future from the increasing usage of sugar-free products, fueled by the augmenting concerns over the rising prevalence of diabetes and obesity. However, the dominance of synthetic sweeteners over the years, owing to their cost effectiveness and easy availability may limit the uptake of licorice extracts to some extent in the years to come, notes the research study.

Licorice Extracts Market Revenue, Opportunity, Forecast and Value Chain 2017-2025

Global Licorice Extract Market: Snapshot

Of late, the global licorice extracts market is witnessing a stable progress, thanks to the growing demand for pharmaceutical products, herbal medicines, and various other health products among people across the world. The increasing uptake of natural ingredients in medical supplements, together with the rising inclination of consumers towards sugar-free products, boosted by the upswing in the consumer consciousness towards health and fitness, is fueling the demand for licorice extracts, reflecting greatly on this market.

Download ToC: https://www.transparencymarketresearch.com/report-toc/18749

Currently, the market players are focusing aggressively on research and development activities to develop new products in order to satisfy the swelling demand for sugar-free products, as the rising prevalence of diabetes and obesity has increased the concerns of consumers over the high intake of sugar. This, as a result, is expected to benefit the sales of licorice extracts in the years to come. Apart from this, the opportunities generated by the advent of herbal medicines in developed regions are also projected to reflect greatly on the market for licorice extracts, globally. The overall opportunity in this market, which stood at US$1.70 bn in 2016, is anticipated to reach US$2.3 bn by 2025, expanding at a CAGR of 4.0% between 2017 and 2025.

Asia Pacific to Continue Leading Global Licorice Extracts Market

Geographically, the worldwide market for licorice extracts has been categorized into the Middle East and Africa, Europe, North America, Latin America, and Asia Pacific. Driven by China, India, and Japan, Asia Pacific dominated the global market in 2016 with a share of more than 32%. Analysts expect this regional market to retain its position over the forthcoming years.

Europe, which held the second position in the global licorice extracts market in 2016, is likely to continue in the same position in the near future. The increasing demand for low-calorie foods, owing to rising consumer preference for a healthier lifestyle is expected to boost this regional market. The U.K., Germany, France, Italy, and the Rest of Europe have been driving the Europe market for licorice extracts, among which, Germany has taken the lead on the ground of the increasing demand of natural ingredients into various medical supplements.

Amongst other regional markets, North America is anticipated to witness a prominent rise in the years to come, thanks to the new opportunities being created by the growing usage of herbal medicines. The licorice extracts markets in the Middle East and Africa and Latin America are also expected to experience healthy growth in their shares over the next few years, thanks to the continuous research and development in this field.

Demand for Licorice Extracts Greater in Food and Beverages Sector

Pharmaceuticals, tobacco, and food and beverages are the key application areas for licorice extracts. The demand for these extracts has been greater in the food and beverages segment and is projected to remain doing so over the forthcoming years. However, the tobacco segment is likely to report a high-paced demand for licorice extracts in the near future due to the increasing usage of these extracts at a sweetening agent. The augmenting popularity of flavored tobacco products is also expected to increase the application of these extracts in this segment over the years to come.

Norevo GmbH, F&C Licorice Ltd., Mafco Worldwide LLC, Zagros Licorice Co., VPL Chemicals PVT Ltd., SepidanOsareh Co., ASEH Licorice MFG & Exp. Co., Maruzen Pharmaceuticals Co. Ltd., Zelang Group, and Ransom Naturals Ltd. are the key players operating in the global licorice extracts market.

Licorice Extracts Market: Increasing Awareness about Health and Wellness to Drive Demand

Global Licorice Extracts Market: Overview

Licorice is the root of the licorice (glycyrrhiza glabra) plant from which a sweet flavor is extracted and used in various industries as a sweetening agent. The root is principally used in making the extract, while the hard woody plant is pulped and boiled to further refine the content. In addition, it also offers various health benefits by acting as an antiviral, anti-inflammatory, antimicrobial, and hepato-protective agent. Licorice extracts find application in tobacco, food items, beverages, herbal medicines, pharmaceutical industry, and a variety of skin care products. The global market for licorice extracts is expected to expand at a considerable rate in the future owing to an increased demand for them.

Herbal medicine is a key health care option adopted globally due to its organic nature, lack of side-effects, and limited use of synthetic chemicals. With increased demand for herbal medicine all over the globe, natural ingredients in medicines are witnessing a rise in demand. In 2013, WHO developed and launched the ‘WHO Traditional Medicine Strategy 2014–2023’ which emphasized on the integration of complementary and traditional medicine to encourage universal health care and ensure the safety, quality, and effectiveness of herbal medicine. Therefore, natural ingredients in medicines are propelling the market in a positive direction.

Additionally, demand for natural low-calorie sweeteners is rising at a rapid rate globally owing to multiple health disorders including obesity and cholesterol issues which have resulted in a decline in the use of sugar-containing products. This drives the global licorice extracts market positively, as they are a natural sweetener used in the food & beverages industry on a large scale. However, synthetic sweeteners are still used in higher quantities than natural sweeteners in all application industries.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18749

The food & beverages sector employs the former extensively as they are cost-effective and easy to use. Usage of natural sweeteners is still limited, restraining the overall growth of licorice extracts globally. Developing nations in Asia and the Middle East have always used herbal and natural medicines since pre-historic times. With rising knowledge about their benefits and lack of production capacity in developed countries of North America and Europe, these markets offer huge opportunities to the global licorice extracts market. North America imports a major portion of the product.

Global Licorice Extracts Market: Segmentation

Global licorice extract market is segmented on the basis of product form, type, and application. The global licorice extract market is segmented into three types of form- powder, semi fluid/paste and block. Powder licorice is a free flowing yellow-brown powder with a characteristic fragrance with a well-balanced, mild licorice flavor with detectable sweetness. Semi-fluid/paste licorice is a concentrated solution of licorice extract with a dark brown appearance and high viscosity. Block licorice is a solid mass of licorice which has a strong sweet note of licorice. In terms of type the market is segmented by pharmaceutical grade, food grade and feed grade.

Licorice extracts has multiple medicinal properties in them. They help curing a large number of diseases such as hives, bronchitis, indigestion, lyme disease, genital warts and chronic fatigue among others. Licorice contains glycyrrhizin which is sweet in nature and is thus used as a natural sweetener which is used as a substitute of regular table sugar. Additionally, feed grade licorice when added to animal and fish feed has boosted growth performance and improves immune response, and improved biochemical reactions.

In terms of application the market is segmented by pharmaceutical, tobacco, food and beverage and others. Licorice extract find huge application in the pharmaceutical industry owing to its antiviral, anti-inflammatory, antibacterial, antioxidant, antispasmodic and antidepressant, expectorant and demulcent property. Licorice extract is mostly used as flavoring agent in tobacco and its acts as a natural sweetener to tobacco products. Licorice extract is used as a sweetening and flavoring agent in the food & confectionery industry and is used in large quantities in making sweets and candies. It is also used in the manufacture of mint and menthol candies. Other applications of licorice include use in skin care, personal care and cosmetics and animal feed.

Companies Mentioned in the Report

In order to get a better understanding of the global licorice extract market, a key trends analysis has been included for all the segments. In addition, the market players in the licorice extract market have also been profiled. The leading players in the market include Norevo GmbH, Mafco Worldwide LLC., F&C Licorice Ltd., Zagros Licorice Co, SepidanOsareh Co, VPL Chemicals PVT Ltd., ASEH Licorice MFG &Exp. Co., Zelang Group, Maruzen Pharmaceuticals Co. Ltd., and Ransom Naturals Ltd.

The global licorice extracts market can be segmented as follows:-

By Form

• Powder
• Semi fluid/Paste
• Block

By Type

• Pharmaceutical Grade
• Food Grade
• Feed Grade

By Application

• Pharmaceutical
• Food and Beverage
• Tobacco
• Others

Licorice Extracts Market: Demand for Licorice Extracts Greater in Food and Beverages Sector

Global Licorice Extract Market: Snapshot

Of late, the global licorice extracts market is witnessing a stable progress, thanks to the growing demand for pharmaceutical products, herbal medicines, and various other health products among people across the world. The increasing uptake of natural ingredients in medical supplements, together with the rising inclination of consumers towards sugar-free products, boosted by the upswing in the consumer consciousness towards health and fitness, is fueling the demand for licorice extracts, reflecting greatly on this market.

Currently, the market players are focusing aggressively on research and development activities to develop new products in order to satisfy the swelling demand for sugar-free products, as the rising prevalence of diabetes and obesity has increased the concerns of consumers over the high intake of sugar. This, as a result, is expected to benefit the sales of licorice extracts in the years to come. Apart from this, the opportunities generated by the advent of herbal medicines in developed regions are also projected to reflect greatly on the market for licorice extracts, globally. The overall opportunity in this market, which stood at US$1.70 bn in 2016, is anticipated to reach US$2.3 bn by 2025, expanding at a CAGR of 4.0% between 2017 and 2025.

Asia Pacific to Continue Leading Global Licorice Extracts Market

Geographically, the worldwide market for licorice extracts has been categorized into the Middle East and Africa, Europe, North America, Latin America, and Asia Pacific. Driven by China, India, and Japan, Asia Pacific dominated the global market in 2016 with a share of more than 32%. Analysts expect this regional market to retain its position over the forthcoming years.

Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18749

Europe, which held the second position in the global licorice extracts market in 2016, is likely to continue in the same position in the near future. The increasing demand for low-calorie foods, owing to rising consumer preference for a healthier lifestyle is expected to boost this regional market. The U.K., Germany, France, Italy, and the Rest of Europe have been driving the Europe market for licorice extracts, among which, Germany has taken the lead on the ground of the increasing demand of natural ingredients into various medical supplements.

Amongst other regional markets, North America is anticipated to witness a prominent rise in the years to come, thanks to the new opportunities being created by the growing usage of herbal medicines. The licorice extracts markets in the Middle East and Africa and Latin America are also expected to experience healthy growth in their shares over the next few years, thanks to the continuous research and development in this field.

Demand for Licorice Extracts Greater in Food and Beverages Sector

Pharmaceuticals, tobacco, and food and beverages are the key application areas for licorice extracts. The demand for these extracts has been greater in the food and beverages segment and is projected to remain doing so over the forthcoming years. However, the tobacco segment is likely to report a high-paced demand for licorice extracts in the near future due to the increasing usage of these extracts at a sweetening agent. The augmenting popularity of flavored tobacco products is also expected to increase the application of these extracts in this segment over the years to come.

Norevo GmbH, F&C Licorice Ltd., Mafco Worldwide LLC, Zagros Licorice Co., VPL Chemicals PVT Ltd., SepidanOsareh Co., ASEH Licorice MFG & Exp. Co., Maruzen Pharmaceuticals Co. Ltd., Zelang Group, and Ransom Naturals Ltd. are the key players operating in the global licorice extracts market.

Licorice Extracts Market: Increasing Demand for US Blend Cigarettes Worldwide boosts the Industry

Global Licorice Extracts Market: Overview

Liquorice is the root of Glycyrrhiza glabra and Glycyrrhiza inflate from which sweet flavours can be extracted. The licorice plant is native of Mediterranean, Southern and Central Russia, Asia and Iran. The extract is produced by boiling the licorice root and evaporating the water, thus leaving behid licorice extracts which are times sweeter than sucrose. This concentrated extract can be converted into either powder, semi fluid and block form. The product is widely used in tobacco industry to impart sweet flavours, which makes it easier to inhale. Moreover, the product is also used in the manufacturing of a wide range of candies and confectionary products. The products is also one of the most widely used medicinal herbs worldwide, with significant penetration of its medicinal usage in China. The global market for licorice extracts is anticipated to expand with a decent CAGR over the forecast period.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18749

Global Licorice Extracts Market: Drivers and Restraints

The prime factor driving the growth in the global licorice market is increasing demand for US blend cigarettes worldwide, as licorice is extensively used to impart flavours to these tobacco products. Increasing preference for natural ingredients for pharmaceuticals, particularly from European countries is another factor driving the demand for licorice extracts. Moreover, the demand for natural ingredients such as licorice extract is increasing not just from conventional but also herbal medicine manufacturers, this can be primarily attributed to commercialization of the herbal medicine sector. Furthermore, the global confectionary industry is also anticipated to execute impressive growth across the globe, amid rising preference for sugar free items. Thus, driving continuous demand for licorice extract. Increasing production of MAG sweeteners (Monoammonium Glyzyrrhizinat) is another prime factor driving the need for production of licorice extracts.

However, licorice products need to incline with legal requirements on Ochratoxin A levels, which can be considered as a biggest restraint for this market.

Global Licorice Extracts Market: Segmentation

On the basis of form type,

• Powder
• Semi-Fluid/Paste
• Block

On the basis of end use application,

Pharmaceutical

Herbal Medicines

Industrial

Tobacco Industry

Food and Beverage

• Dairy
• Confectionary
• Bakery
• Savoury
• Others

Cosmetics

Others

Global Licorice Extracts Market: Region Wise Outlook

The Global Licorice Extract Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The most prominent region in terms of consumption of licorice extract is Western Europe. This can be primarily attributed to rising demand for herbal medicines in Germany, Netherlands and Spain. North America is also anticipated to account for a prominent market share for licorice extract consumption. China which was earlier the net exporter of licorice extracts is on the path of becoming a net importer, this can be attributed because most of the licroice roots in the country are harvested in an unorganized way and the country is losing its resources. Thus an increasing demand for licorice extract from China is reasonable anticipation. Furthermore, demand from APEJ is anticipated to execute the highest growth rate over the forecast period. Most of the licroice extract facilities are located in Middle East and Africa region, particularly in Iran, but in terms of demand the region lacks far behind Western Europe, North America and Asia Pacific. Japan is also a leading country in terms of net imports and demand for the region is anticpated to remain stagnant over the forecast period.

Global Licorice Extracts Market: Key Players

The global licorice extract market is highly fragmented with a large number of small regional players, particularly from Middle Eastern and Asian countries. Some of the key players in the global licorice extract market are:

• Norevo GmbH
• Mafco LLC
• Daepyung Co. Ltd.
• Hepner & Eschenbrenner
• ASEH Licorice MFG & Exp Co.
• CE Roeper
• Natural Licorice Co.
• Zentralfachschule der Deutschen Süßwarenwirtschaft e.V.
• Novel Nutrients Private Limited
• Shaanxi Hongda Plant Chemical Co. Ltd
• Riotto Botanical Co. Ltd