Introduction
Licorice extract, derived from the roots of the Glycyrrhiza plant, has been cherished for centuries for its sweet flavor and medicinal properties. In recent years, the Licorice Extract Market Growth has witnessed remarkable growth due to its diverse applications in the food and beverage, pharmaceutical, and cosmetics industries. This article delves into the market dynamics, key players, and emerging trends that are shaping the licorice extract industry.
A Brief Overview of Licorice Extract
Licorice extract is primarily obtained from the Glycyrrhiza glabra plant, which is native to parts of Asia and Europe. The extract contains glycyrrhizin, a natural compound responsible for its characteristic sweet taste. Licorice extract is available in various forms, including liquid, powder, and paste, making it versatile for a wide range of applications.
Market Growth Drivers
- Health and Wellness Trends: Growing health-consciousness among consumers has driven the demand for natural and herbal products. Licorice extract is prized for its potential health benefits, including soothing properties for digestive issues and sore throats, making it a popular ingredient in herbal remedies.
- Flavor Enhancement: The natural sweetness of licorice extract without the calories of sugar has made it a preferred choice for flavoring and sweetening in the food and beverage industry. It is often used in confectionery, beverages, and even tobacco products.
- Cosmetics and Skincare: Licorice extract's anti-inflammatory and skin-brightening properties have made it a sought-after ingredient in cosmetics and skincare products. It is used in creams, serums, and lotions to address issues like hyperpigmentation and skin irritation.
- Pharmaceutical Applications: Licorice extract has been explored for its potential in the pharmaceutical industry. It is used in cough syrups, throat lozenges, and herbal supplements.
Market Challenges
- Sustainability Concerns: The licorice plant takes several years to reach maturity, and overharvesting can deplete natural resources. Sustainable farming practices are crucial to ensure a stable supply of licorice extract.
- Regulatory Compliance: The glycyrrhizin compound in licorice extract can have adverse health effects in high doses, leading to regulatory restrictions on its use in some regions. Manufacturers must adhere to safety regulations and dosage limits.
- Competition from Artificial Sweeteners: In the food and beverage industry, licorice extract faces competition from artificial sweeteners and sugar substitutes, which can pose a challenge to its market growth.
Emerging Trends
- Clean Label Products: The demand for clean label and natural products is prompting manufacturers to use licorice extract as a natural sweetener and flavor enhancer in a wide array of food and beverage products.
- Functional Beverages: The rise of functional beverages, such as herbal teas and wellness drinks, has created opportunities for licorice extract as a key ingredient for flavor and potential health benefits.
- Global Expansion: Licorice extract manufacturers are expanding their global footprint by exploring new markets, particularly in Asia and North America, where there is a growing interest in herbal and natural products.
Conclusion
The Licorice Extract Market is experiencing a sweet surge, driven by its versatility in various industries and its perceived health benefits. As consumers continue to seek natural and herbal solutions, licorice extract's presence in food, cosmetics, and pharmaceuticals is expected to grow. However, sustainable sourcing and compliance with regulations remain essential to ensure the long-term viability of this industry.
According to a new study by TMR, the sales of licorice extract are expected to reach ~US$ – 1.9 Bn in 2019, and record a Y-o-Y growth of ~4% during the forecast period of 2019 to 2029.Growth of the licorice extract market remains driven by a slew of factors, which range from rising demand for clean label products and changing regulations in the food and beverage industry, to increasing awareness among consumers.Licorice is an evergreen herb, and is predominantly cultivated in West Asia, Greece, and Turkey.
Licorice was also used as an expectorant.
The unpeeled dried roots and the subterranean stem (rhizome) are the medicinal components of the plant.Licorice extract is fifty times sweeter than sugar.
Licorice is mainly used in the candy and tobacco sectors as a flavoring agent, and to some extent in the pharmaceutical and beverage sectors.
The chemical compounds discovered in licorice extract were explored for a variety of uses, including cancer therapy and antiviral activity.https://www.prnewswire.com/news-releases/increasing-rd-activities-to-help-raise-revenue-of-global-animal-feed-probiotics-market-to-us4-3-bn-by-2027–finds-tmr-301022178.htmlPreferential Inclination towards Non-modified Convenience IngredientsIncreasing health and wellness issues have changed the lifestyles and practices of consumers.
Consumers are demanding transparency about the products that they consume, and want to know the sources of the various ingredients in their food productsRequest A Sample of Licorice Extract Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=18749Nutritional Thrust through Innovative Ingredients Driving Global DemandConsumer preferences are always changing over time, and demand changes with ever-changing preferences.
The research study presented here is an intelligent take on the global Licorice Extract market that explains important aspects such as competition, segmentation, and regional growth in great detail.
In addition, they have concentrated on qualitative and quantitative analyses to help with a deep understanding of the global Licorice Extract market.
Furthermore, the report provides powerful suggestions and recommendations to help players create strong growth strategies and ensure impressive sales in the global Licorice Extract market.Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.globalinforesearch.com/reports/526231/licorice-extractAs part of competitive analysis, the research study includes exhaustive company profiling of leading players of the global Licorice Extract market.
All of the segments studied in the report are analyzed based on different factors such as market share, revenue, and CAGR.
The analysts have also thoroughly analyzed different regions such as North America, Europe, and Asia Pacific on the basis of production, revenue, and sales in the global Licorice Extract market.
The researchers used advanced primary and secondary research methodologies and tools for preparing this report on the global Licorice Extract market.Key Players Mentioned in the Global Licorice Extract Market Research Report: MagnasweetASEHZagros LicoriceSepidan OsarehFandC LicoriceNorevo GmbHRansom NaturalsMaruzen PharmaceuticalsMCFSAushadhi HerbalAvestia PharmaVPL ChemicalsZelangChangyueBokaiGlobal Licorice Extract Market Segmentation by Product: Pharmaceutical GradeFood GradeFeed GradeGlobal Licorice Extract Market Segmentation by Application:PharmaceuticalFoodCosmeticOthers The global Licorice Extract market is segmented on the basis of type of product, application, and region.
At its heart, curcumin is a bright yellow colored chemical that is produced by certain plants.
In earlier times, people mistook it as turmeric but later it was discovered that is an integral component of it but differs from conventional turmeric.
In the last few years, this compound has made quite a reputation for itself and has been recognized for its beneficial qualities.
Due to this, the global organic curcumin market has gained momentum.Organic curcumin is available in the market in various forms.
It ranges from herbal supplements, cosmetic ingredient to food flavoring and coloring.
Owing to this fact, it can be asserted that the in the coming years the global curcumin market will achieve new heights.Market ScenarioThe current population has become overtly health conscious, people have started keeping tabs on what they use and they shy away from chemical products and have started giving preference to organic items.
