Report overview
licorice products are derived from the roots of the licorice or glycyrrhiza genus of plants. This plant is small shrub-like leguminous plant indigenous to the Middle East and Central Asia including the countries of Afghanistan, China, Pakistan, Iraq, Azerbaijan, Turkmenistan, Uzbekistan, Tajikistan, Kazakhstan and Turkey.
This report contains market size and forecasts of Food Grade Licorice Extract in global, including the following market information:
Global Food Grade Licorice Extract Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global Food Grade Licorice Extract Market Sales, 2018-2023, 2023-2030, (Tons)
Global top five Food Grade Licorice Extract companies in 2022 (%)
The global Food Grade Licorice Extract market was valued at million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Licorice Extract Powder Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Food Grade Licorice Extract include Magnasweet, Zagros Licorice, Sepidan Osareh, FandC Licorice, Norevo GmbH, Avestia Pharma, VPL Chemicals, Zelang and Changyue and etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Food Grade Licorice Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Food Grade Licorice Extract Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Food Grade Licorice Extract Market Segment Percentages, by Type, 2022 (%)
Licorice Extract Powder
Licorice Extract Paste
Others
Global Food Grade Licorice Extract Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Food Grade Licorice Extract Market Segment Percentages, by Application, 2022 (%)
Confections
Chocolate
Others
Global Food Grade Licorice Extract Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (Tons)
Global Food Grade Licorice Extract Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Food Grade Licorice Extract revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Food Grade Licorice Extract revenues share in global market, 2022 (%)
Key companies Food Grade Licorice Extract sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Food Grade Licorice Extract sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Magnasweet
Zagros Licorice
Sepidan Osareh
FandC Licorice
Norevo GmbH
Avestia Pharma
VPL Chemicals
Zelang
Changyue
Bokai
