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Licorice Extract Market

Licorice Extract Market (Form: Powder, Paste, Blocks; Product Grade: Pharmaceutical, Food, Feed; Application: Pharmaceuticals, Tobacco, Food & Beverages, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Licorice Extract Market - Investments toward Extraction Technology Remains a Coveted Strategy

Once popular as a weed, then as a concoction, and now being a legit natural sweetener, licorice extract has been making a prominent mark for itself in numerous industries. According to an exclusive study published by Transparency Market Research (TMR), the licorice extract market will remain relevant in pharmaceutical, tobacco, and food & beverage industries with its steady gait, and is anticipated to record a value of ~US$ 2.9 Bn by 2029, up from ~US$ 1.9 Bn in 2019.

Insights from the study show that, individuals with medical conditions such as obesity, diabetes, and high cholesterol account for a substantial share of the demand for licorice extract, with popular consumables being in the form of toothpastes, chewing gums, or sweeteners. As the once covert health benefits of licorice extract come to light, pharmaceutical and nutraceutical industries find an attractive market for penetrating nutritional products and dietary supplements to consumers seeking natural products to maintain their health.

Gaining a sense of enormous sales potential of licorice extract, companies are devising numerous product-level strategies to scale up their businesses. Among them, increasing the effectiveness of extraction technology remains a coveted strategy in the licorice extract market.

licorice extract market infographic

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Cost-efficiency of Synthetic Sweeteners Could Impact Sales of Licorice Extract

Given the health implications regarding obesity and diabetes, medical personnel recommend individuals to control their sugar intake, which augurs well for low-calorie sweeteners. Being at the lower end of the price scale, the penetration of synthetic sweeteners has been growing, while the shift to natural sweeteners is currently only in its infancy stage.

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Despite the switch of consumers toward organic products, end-use industries continue their high-scale adoption of artificial sweeteners. Take for instance the food and beverage industry. As the industry continues to experiment with unique flavors, the use of artificial sweeteners remains constant. The wide availability of artificial sweeteners in various forms such as cubes, granules, paste, liquid, and powder, alongside their cost-effectiveness, is likely to exert a negative influence on the sales of licorice extract.

Microencapsulation - Key to Achieve Multiple End-use Applications

In order to match the pace of the ever-evolving preferences of consumers, manufacturers find themselves hard-pressed to bring innovative products to the table, and microencapsulation has lately acquired a significant amount of traction. Manufacturers are investing in microencapsulation technologies to protect the sweet sensation promoted by licorice extract. This technology especially finds huge prominence in the production of sugar-free chewing gums and chewable confections to prolong their sweet flavor during chewing.

As per the consumption trend, the powdered form of licorice extract will remain preferable over cubes and paste, given the ease of shipment and long shelf life. However, the preference for licorice extract in the semi-fluid form is likely to grow at an exponential rate, as end-use industries show a marked proclivity for readily-soluble forms.

Another striking feature of the market that players need to focus on is the large-scale adoption of licorice extract in the tobacco industry. The potential of licorice extract as a de-bittering agent is likely to drive sales in the tobacco industry. However, the food and beverage industry will continue to account for a leading share in the licorice extract market during the forecast period.

licorice extract market segmentation

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Analysts’ Take on the Future of the Licorice Extract Market

Authors of the study maintain an optimistic outlook on the future growth of the licorice extract market. Growing cognizance regarding the benefits of licorice extract will remain a key success factor to achieve high revenue influx. Moving beyond the traditional scope of application, licorice extract remains sought-after in the cosmetics and personal care industry, which will catalyze revenue from consumers seeking skincare and hair care products that are developed using natural ingredients. Though the high popularity and deep penetration of synthetic sweeteners could dim the revenue prospects of the landscape, running awareness campaigns that stress on the benefits of natural sweeteners over their synthetic counterparts could help manufacturers in diverging demand towards their products.

  • According to Transparency Market Research’s latest market report on the licorice extract market for the historical period of 2014-2018 and forecast period of 2019-2029, globally, revenue generated by the licorice extract market has been estimated to be US$ ~1.9 Bn in 2019, and is expected to expand at a CAGR of ~4% in terms of value throughout the forecast period.

North America Stands Out in Licorice Extract Market in Terms of Sales and Growth

  • The production of licorice extract has been high in Europe, followed by North America. However, consumption-wise, the U.S. has been significant in the licorice extract market. The U.S. has the highest consumption of licorice extract, and is also projected to enjoy substantial growth in the licorice extract market during the forecast period. This is due to the demand for organic products being high in North America, and consumers being highly aware of the products that are being launched in the market.
  • In South Asia and East Asia, the demand for licorice extract remains low due to many reasons, the main being unawareness and the high price of licorice extract. However, demand is expected to rise in the coming years at a high growth rate. The consumption of licorice extract is high in the Middle East in the foodservice sector, as consumers are willing to pay premium prices for clean label products.

Food & Beverage Industry Main Driving Force for Licorice Extract Market Growth

  • Manufacturers are also gradually shifting towards the use of licorice extract instead of conventional ones. This change is with respect to the changing consumer demand for clean label products, and demand for transparency in the supply chain of the products that they consume.
  • Increasing awareness among the population is paving the way for trends such as organic, non-GMO, and many more.
  • 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 beverage industry, and this is projected to continue over the coming years as well.

Health Attributes of Licorice Extract Influencing Purchase Decisions of Consumers

  • Consumers are more interested in products that have certifications and claims such as organic, non-GMO, made from vegetables, etc., as compared to the regular products that are available in the market.
  • 28% of the consumers in the U.S., who shop for food and beverages, look for the 'organic' label on products. Thus, the licorice extract market has been on the rise owing to the rising demand of clean label products among consumers.

Manufacturers Re-branding Licorice Extract Products to Attract More Consumers

  • The marketing of products has become very essential to aid consumers in knowing about the various products that are available in the market. It is very crucial to recognize the needs of consumers and project various products accordingly to fulfill the same.
  • Thus, licorice extract manufacturers are re-branding their products and improving their marketing strategies for them. Also, unique brand images are being created for these licorice extract products, which has led to consumers knowing the brand rather than the company.

High Prices Restraining Licorice Extract Market in Developing Countries

  • Price remains the major factor that is hindering the growth of the licorice extract market in developing countries. Licorice extract, which is priced higher, enjoys healthy sales in North America and Europe. However, in developing countries such as Mexico, India, Turkey, China, etc., the demand for licorice extract is comparatively low.
  • This is due to comparatively lower disposable income and consumer awareness in these regions. However, in the coming years, the demand for licorice extract in Asia Pacific is expected to gain traction at a growth rate of more than ~16% in terms of value.

Licorice Extract Market: Competitive Landscape

  • Manufacturers such as 
    • 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
    • Ransom Naturals Ltd. 
  • Are the key players operating in the global licorice extract market.

Key Segments of the Licorice Extract Market

TMR’s study on the licorice extract market offers information divided into important segments—form, product grade, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Form

  • Powder
  • Paste
  • Blocks

Product Grade

  • Pharmaceutical
  • Food
  • Feed

Application

  • Pharmaceuticals
  • Tobacco
  • Food & Beverages
  • Others

Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
Licorice Extract Market

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Frequently Asked Questions

What is the Licorice Extract Market Size?

Licorice Extract Market is expected to reach US$ 2.9 Bn By 2029

What is the CAGR for Licorice Extract Market?

Licorice Extract Market is estimated to rise at a CAGR of 4% during forecast period

What are the key factors driving the growth of Licorice Extract Market?

Increase Pharmaceuticals, tobacco, and food and beverages activities are driving the growth of the Licorice Extract Market

Which region is more attractive for vendors in the Licorice Extract Market?

Europe is more attractive for vendors in the Licorice Extract Market

Who are the key players in the Licorice Extract Market?

Key players of Licorice Extract Market are 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, Ransom Naturals Ltd

1. Licorice Extract Market - Executive Summary

    1.1. Global Licorice Extract Market Country Analysis

    1.2. Vertical Specific Market Penetration

    1.3. Application – Product Mapping

    1.4. Proprietary Wheel of Fortune 

    1.5. Opportunity Assessment-Winning and Losing Components

    1.6. TMR Analysis and Recommendations

2. Market Introduction

    2.1. Market Introduction

    2.2. Market Definition

    2.3. Market Taxonomy

3. Market Dynamics

    3.1. Macro-economic Factors

        3.1.1. Rise in Consumption of Food Items across Globe

        3.1.2. Global and Regional Per Capita Food Consumption (kcal per capita per day)

        3.1.3. Change in Consumer Price Indexes (Percentage Change) 2018 (Forecast)

        3.1.4. Population of Key Countries

        3.1.5. Food and Beverage Industry Overview

        3.1.6. Global Retail Dynamics

        3.1.7. Per Capita Disposable Income 

        3.1.8. Organized Retail Penetration 

        3.1.9. Global GDP Growth Outlook

    3.2. Drivers 

        3.2.1.  Economic Drivers

        3.2.2. Supply Side Drivers

        3.2.3. Demand Side Drivers

    3.3. Restraints

    3.4. Opportunity

    3.5. Forecast Factors – Relevance and Impact

    3.6. Trade Data

    3.7. Key Regulation & Certifications

4. Key Success Factors

    4.1. Powerful Portfolio of Brands

    4.2. Nuanced Marketing Campaigns

    4.3. Exploiting Economies of Scale

    4.4. Establishing Flexible Supply Chain to Optimize on Miracle Ingredients/ Products

    4.5. Working in Close Vicinity of Policy 

    4.6. Strategic Promotional Activity

5. Risk and Opportunities 

    5.1. Associated Risk 

        5.1.1. Regulatory Landscape Associated Risk 

        5.1.2. Standard and Certification Risk

        5.1.3. Risk of Alternatives and advanced Technology 

    5.2. Opportunities

        5.2.1. Niche within the existing product line

        5.2.2. Opportunities in new product categories

        5.2.3. Latent opportunities in established market

6. Global Licorice Extract Market Analysis Scenario 2019-2029

    6.1. Market Size and Forecast

        6.1.1. Market Size (Volume in MT and Value in US$ Mn)  and Y-o-Y Growth

        6.1.2. Absolute $ Opportunity

        6.1.3. Industry Value and Supply Chain Analysis 

        6.1.4. Value Chain

        6.1.5. Profitability Margins

        6.1.6. List of Key Participants

            6.1.6.1. Manufacturers

            6.1.6.2. Distributors/Retailers

            6.1.6.3. End users

7. Global Licorice Extract Market Analysis, By Form 2019-2029 

    7.1. Introduction

        7.1.1. Y-o-Y Growth Comparison, By Form 

        7.1.2. Basis Point Share (BPS) Analysis, By Form 

    7.2. Market Size (  Value in US$ Mn)  and Forecast By Form 2019-2029

        7.2.1. Powder

        7.2.2. Semi-Fluid/Paste

        7.2.3. Block

    7.3. Market Attractiveness Analysis, By Form 

    7.4. Prominent Trends

8. Global Licorice Extract Market Analysis, By Grade 2019-2029

    8.1. Introduction

        8.1.1. Y-o-Y Growth Comparison, By Grade 

        8.1.2. Basis Point Share (BPS) Analysis, By Grade 

    8.2. Market Size (Value in US$ Mn)  and Forecast By Grade 2019-2029

        8.2.1. Pharmaceutical grade

        8.2.2. Food grade

        8.2.3. Feed grade

    8.3. Market Attractiveness Analysis, By Grade 2019-2029

    8.4. Prominent Trends

9. Global Licorice Extract Market Analysis, By Application 2019-2029

    9.1. Introduction

        9.1.1. Y-o-Y Growth Comparison, By Application

        9.1.2. Basis Point Share (BPS) Analysis, By Application

    9.2. Market Size (Value in US$ Mn) and Forecast By Application 2019-2029

        9.2.1. Pharmaceutical

        9.2.2. Tobacco Industry

        9.2.3. Food and Beverage Industry

        9.2.4. Others

    9.3.  Market Attractiveness Analysis, By Application 2019-2029 

    9.4. Prominent Trends

10. Global Licorice Extract Market Analysis and Forecast, By Region 2019-2029

    10.1. Introduction

        10.1.1. Basis Point Share (BPS) Analysis By Region

        10.1.2. Y-o-Y Growth Projections By Region

    10.2. Market Size ( Value in US$ Mn) and Forecast By Region

        10.2.1. North America

        10.2.2. Europe

        10.2.3. APAC 

        10.2.4. Latin America

        10.2.5. Middle East and Africa 

    10.3. Market Attractiveness Analysis By Region 2019-2029

11. North America Licorice Extract Market Analysis and Forecast,2019-2029

    11.1. Introduction

        11.1.1. Basis Point Share (BPS) Analysis By Country

        11.1.2. Y-o-Y Growth Projections By Country

    11.2. Market Size (Value in US$ Mn) and Forecast By Country 2019-2029

        11.2.1. U.S.

        11.2.2. Canada

    11.3. Market Size (Value in US$ Mn) and Forecast By Form 2019-2029

        11.3.1. Powder

        11.3.2. Semi-Fluid/Paste

        11.3.3. Block

    11.4.  Market Size (Value in US$ Mn) and Forecast By Grade 2019-2029

        11.4.1. Pharmaceutical grade

        11.4.2. Food grade

        11.4.3. Feed grade

    11.5. Market Size (Value in US$ Mn) and Forecast By Application 2019-2029

        11.5.1. Pharmaceutical

        11.5.2. Tobacco Industry

        11.5.3. Food and Beverage Industry

        11.5.4. Others  

    11.6. Market Attractiveness Analysis 2019-2029

        11.6.1. By Country

        11.6.2. By  Grade

        11.6.3. By Form

        11.6.4. By Application

    11.7. Prominent Trends

    11.8. Drivers and Restraints: Impact Analysis

12. Latin America Licorice Extract Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Basis Point Share (BPS) Analysis By Country

        12.1.2. Y-o-Y Growth Projections By Country

    12.2. Market Size (Value in US$ Mn) and Forecast By Country 2019-2029

        12.2.1. Brazil

        12.2.2. Mexico

        12.2.3. Argentina

        12.2.4. Rest of Latin America

    12.3. Market Size (Value in US$ Mn) and Forecast By Form 2019-2029

        12.3.1. Powder

        12.3.2. Semi-Fluid/Paste

        12.3.3. Block

    12.4. Market Size (Value in US$ Mn) and Forecast By  Grade 2019-2029

        12.4.1. Pharmaceutical grade

        12.4.2. Food grade

        12.4.3. Feed grade

    12.5. Market Size (Value in US$ Mn) and Forecast By Application 2019-2029

        12.5.1. Pharmaceutical

        12.5.2. Tobacco Industry

        12.5.3. Food and Beverage Industry

        12.5.4. Others  

    12.6. Market Attractiveness Analysis 2019-2029 

        12.6.1. By Country

        12.6.2. By  Grade

        12.6.3. By Form

        12.6.4. By  Applications

    12.7. Prominent Trends

13. Europe Licorice extract Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Basis Point Share (BPS) Analysis By Country

        13.1.2. Y-o-Y Growth Projections By Country

    13.2. Market Size (Value in US$ Mn) and Forecast By Country 2019-2029

        13.2.1. EU5 

        13.2.2. Nordic 

        13.2.3. Russia 

        13.2.4. Poland

        13.2.5. Rest of Europe

    13.3. Market Size (Value in US$ Mn) and Forecast By Form  2019-2029

        13.3.1. Powder

        13.3.2. Semi-Fluid/Paste

        13.3.3. Block

    13.4.  Market Size (Value in US$ Mn) and Forecast By Grade  2019-2029

        13.4.1. Pharmaceutical grade

        13.4.2. Food grade

        13.4.3. Feed grade

    13.5. Market Size (Value in US$ Mn) and Forecast By Application 2019-2029

        13.5.1. Pharmaceutical Industry

        13.5.2. Tobacco Industry

        13.5.3. Food and Beverage Industry

        13.5.4. Others  

    13.6. Market Attractiveness Analysis 2019-2029

        13.6.1. By Country

        13.6.2. By  Form

        13.6.3. By Grade

        13.6.4. By Applications

    13.7. Prominent Trends

    13.8. Drivers and Restraints: Impact Analysis

14. APAC Licorice Extract Market Analysis and Forecast

    14.1. Introduction

        14.1.1. Basis Point Share (BPS) Analysis By Country

        14.1.2. Y-o-Y Growth Projections By Country

    14.2. Market Size (Value in US$ Mn) and Forecast By Country 2019-2029 

        14.2.1. China

        14.2.2. India

        14.2.3. Japan 

        14.2.4. Australia and New Zealand

        14.2.5. Rest of APAC 

    14.3. Market Size (Value in US$ Mn) and Forecast By Form 2019-2029

        14.3.1. Powder

        14.3.2. Semi-Fluid/Paste

        14.3.3. Block

    14.4.  Market Size (Value in US$ Mn) and Forecast By Grade 2019-2029

        14.4.1. Pharmaceutical grade

        14.4.2. Food grade

        14.4.3. Feed grade

    14.5. Market Size (Value in US$ Mn) and Forecast By  Application

        14.5.1. Pharmaceutical

        14.5.2. Tobacco Industry

        14.5.3. Food and Beverage Industry 

        14.5.4. Others  

    14.6. Market Attractiveness Analysis

        14.6.1. By Country

        14.6.2. By  Form

        14.6.3. By Grade

        14.6.4. By  Applications

    14.7. Prominent Trends

    14.8. Drivers and Restraints: Impact Analysis

15. Middle East and Africa Licorice Extract Market Analysis and Forecast 2019-2029 

    15.1. Introduction

        15.1.1. Basis Point Share (BPS) Analysis By Country

        15.1.2. Y-o-Y Growth Projections By Country 2019-2029

    15.2. Market Size (Value in US$ Mn) and Forecast By Country 2019-2029  

        15.2.1. GCC

        15.2.2. North Africa

        15.2.3. South Africa 

        15.2.4. Rest of MEA

    15.3. Market Size (Value in US$ Mn) and Forecast By Form  2019-2029

        15.3.1. Powder

        15.3.2. Semi-Fluid/Paste

        15.3.3. Block

    15.4.  Market Size (Value in US$ Mn) and Forecast By Grade  2019-2029

        15.4.1. Pharmaceutical grade

        15.4.2. Food grade

        15.4.3. Feed grade

    15.5. Market Size (Value in US$ Mn) and Forecast By Application 2019-2029

        15.5.1. Pharmaceutical

        15.5.2. Tobacco Industry

        15.5.3. Food and Beverage Industry

        15.5.4. Others  

    15.6. Market Attractiveness Analysis 2019-2029

        15.6.1. By Country

        15.6.2. By  Form

        15.6.3. By Grade

        15.6.4. By Applications

    15.7. Prominent Trends

    15.8. Drivers and Restraints: Impact Analysis

16. Competition Landscape (Manufacturer/Supplier)

    16.1. Competition Dashboard

    16.2. Market Structure 

    16.3. Company Profiles (Details–Overview, Financials, Products, Strategy, Recent Developments) (Tentative list)

        16.3.1. Norevo GmbH

            16.3.1.1. Overview

            16.3.1.2. Product Portfolio

            16.3.1.3. Sales Footprint

            16.3.1.4. Strategy Overview

                16.3.1.4.1. Marketing Strategy

                16.3.1.4.2. Product Strategy

                16.3.1.4.3. Channel Strategy

        16.3.2.  Mafco Worldwide LLC 

            16.3.2.1. Overview

            16.3.2.2. Product Portfolio

            16.3.2.3. Sales Footprint

            16.3.2.4. Strategy Overview

                16.3.2.4.1. Marketing Strategy

                16.3.2.4.2. Product Strategy

                16.3.2.4.3. Channel Strategy

        16.3.3. F&C Licorice Ltd.

            16.3.3.1. Overview

            16.3.3.2. Product Portfolio

            16.3.3.3. Sales Footprint

            16.3.3.4. Strategy Overview

                16.3.3.4.1. Marketing Strategy

                16.3.3.4.2. Product Strategy

                16.3.3.4.3. Channel Strategy

        16.3.4. ASEH Licorice MFG & EXP Co.

            16.3.4.1. Overview

            16.3.4.2. Product Portfolio

            16.3.4.3. Sales Footprint

            16.3.4.4. Strategy Overview

                16.3.4.4.1. Marketing Strategy

                16.3.4.4.2. Product Strategy

                16.3.4.4.3. Channel Strategy

        16.3.5. Zagros Licorice Co

            16.3.5.1. Overview

            16.3.5.2. Product Portfolio

            16.3.5.3. Sales Footprint

            16.3.5.4. Strategy Overview

                16.3.5.4.1. Marketing Strategy

                16.3.5.4.2. Product Strategy

                16.3.5.4.3. Channel Strategy

        16.3.6. Iran Licorice

            16.3.6.1. Overview

            16.3.6.2. Product Portfolio

            16.3.6.3. Sales Footprint

            16.3.6.4. Strategy Overview

                16.3.6.4.1. Marketing Strategy

                16.3.6.4.2. Product Strategy

                16.3.6.4.3. Channel Strategy

        16.3.7. Sepidan Osareh Co.

            16.3.7.1. Overview

            16.3.7.2. Product Portfolio

            16.3.7.3. Sales Footprint

            16.3.7.4. Strategy Overview

                16.3.7.4.1. Marketing Strategy

                16.3.7.4.2. Product Strategy

                16.3.7.4.3. Channel Strategy

        16.3.8. Ransom Naturals Ltd

            16.3.8.1. Overview

            16.3.8.2. Product Portfolio

            16.3.8.3. Sales Footprint

            16.3.8.4. Strategy Overview

                16.3.8.4.1. Marketing Strategy

                16.3.8.4.2. Product Strategy

                16.3.8.4.3. Channel Strategy

        16.3.9. MARUZEN PHARMACEUTICALS CO., LTD

            16.3.9.1. Overview

            16.3.9.2. Product Portfolio

            16.3.9.3. Sales Footprint

            16.3.9.4. Strategy Overview

                16.3.9.4.1. Marketing Strategy

                16.3.9.4.2. Product Strategy

                16.3.9.4.3. Channel Strategy

        16.3.10. Zelang Group

            16.3.10.1. Overview

            16.3.10.2. Product Portfolio

            16.3.10.3. Sales Footprint

            16.3.10.4. Strategy Overview

                16.3.10.4.1. Marketing Strategy

                16.3.10.4.2. Product Strategy

                16.3.10.4.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

List of Table 

Table 01: Global Licorice Extract Market Revenue (USD Mn) Forecast, by Region, 2019 - 2029

Table 02: North America Licorice Extract Market Revenue (US$ Mn) Forecast, by Form, 2019 - 2029

Table 03: North America Licorice Extract Market Revenue (US$ Mn) Forecast, by Grade, 2019 - 2029

Table 04: North America Licorice Extract Market Revenue  (US$ Mn) Forecast, by Application, 2019 - 2029

Table 05: North America Licorice Extract Market Revenue  (US$ Mn) Forecast, by Country, 2019 - 2029

Table 06: Europe Licorice Extract Market Revenue (US$ Mn) Forecast, by Form, 2019 - 2029

Table 07: Europe Licorice Extract Market Revenue (US$ Mn) Forecast, by Grade, 2019 - 2029

Table 08: Europe Licorice Extract Market Revenue  (US$ Mn) Forecast, by Application, 2019 - 2029

Table 09: Europe Licorice Extract Market Revenue  (US$ Mn) Forecast, by Country, 2019 - 2029

Table 10: Asia Pacific Licorice Extract Market Revenue (US$ Mn) Forecast, by Form, 2019 - 2029

Table 11: Asia Pacific Licorice Extract Market Revenue (US$ Mn) Forecast, by Grade, 2019 - 2029

Table 12: Asia Pacific Licorice Extract Market Revenue  (US$ Mn) Forecast, by Application, 2019 - 2029

Table 13: Asia Pacific Licorice Extract Market Revenue  (US$ Mn) Forecast, by Country, 2019 - 2029

Table 14: Middle East and Africa Licorice Extract Market Revenue (US$ Mn) Forecast, by Form, 2019 - 2029

Table 15: Middle East and Africa Licorice Extract Market Revenue (US$ Mn) Forecast, by Grade, 2019 - 2029

Table 16: Middle East and Africa Licorice Extract Market Revenue  (US$ Mn) Forecast, by Application, 2019 - 2029

Table 17: Middle East and Africa Licorice Extract Market Revenue  (US$ Mn) Forecast, by Country, 2019 - 2029

Table 18: Latin America Licorice Extract Market Revenue (US$ Mn) Forecast, by Form, 2019 - 2029

Table 19: Latin America Licorice Extract Market Revenue (US$ Mn) Forecast, by Grade, 2019 - 2029

Table 20: Latin America Licorice Extract Market Revenue  (US$ Mn) Forecast, by Application, 2019 - 2029

Table 21: Latin America Licorice Extract Market Revenue  (US$ Mn) Forecast, by Country, 2019 - 2029

List of Figure 

Figure 01: Market Snapshot

Figure 02: Global Licorice Extract Market  Revenue Analysis, and Forecasts, 2019-2029

Figure 03: Global Licorice Extract Market Attractiveness Analysis (2016) by Application

Figure 04: Global Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 05: Global Licorice Extracts Powder Market, Revenue (USD Mn), 2019 - 2029

Figure 06: Global Licorice Extracts Semi-Fluid/Paste Market, Revenue (USD Mn), 2019 - 2029

Figure 07: Global Licorice Extracts Block Market, Revenue (USD Mn ),2019 - 2029

Figure 08: Global Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 09: Global Licorice Extract Market Revenue (USD Mn), by Pharmaceutical Grade, 2019 - 2029

Figure 10: Global Licorice Extract Market Revenue (USD Mn), by Food Grade, 2019 - 2029

Figure 11: Global Licorice Extract Market Revenue (USD Mn), by Feed Grade, 2019 - 2029

Figure 12: Global Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 13: Global Licorice Extract Market Revenue (USD Mn), by Pharmaceutical, 2019 - 2029

Figure 14: Global Licorice Extract Market Revenue (USD Mn), by Tobacco, 2019 - 2029

Figure 15: Global Licorice Extract Market Revenue (USD Mn), by Food and Beverage, 2019 - 2029

Figure 16: Global Licorice Extract Market Revenue (USD Mn), by Others, 2019 - 2029

Figure 17: Global Licorice Extract Market Revenue Share Analysis, by Region, 2019 & 2029

Figure 18: North America Licorice Extracts  Revenue Analysis, and Forecasts, 2019-2029

Figure 19: North America Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 20: North America Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 21: North America Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 22: North America Licorice Extract Market Revenue Share Analysis, by Country, 2019 & 2029

Figure 23: Europe Licorice Extracts Revenue Analysis, and Forecasts, 2019-2029

Figure 24: Europe Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 25: Europe Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 26: Europe Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 27: Europe Licorice Extract Market Revenue Share Analysis, by Country, 2019 & 2029

Figure 28: Asia Pacific Licorice Extracts  Revenue Analysis, and Forecasts, 2019-2029

Figure 29: Asia Pacific Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 30: Asia Pacific Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 31: Asia Pacific Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 32: Asia Pacific Licorice Extract Market Revenue Share Analysis, by Country, 2019 & 2029

Figure 33: Middle East and Africa Licorice Extracts  Revenue Analysis, and Forecasts, 2019-2029

Figure 34: Middle East and Africa Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 35: Middle East and Africa Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 36: Middle East and Africa Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 37: Middle East and Africa Licorice Extract Market Revenue Share Analysis, by Country, 2019 & 2029

Figure 38: Latin America Licorice Extracts  Revenue Analysis, and Forecasts, 2019-2029

Figure 39: Latin America Licorice Extract Market Revenue Share Analysis, by Form, 2019 & 2029

Figure 40: Latin America Licorice Extract Market Revenue Share Analysis, by Grade, 2019 & 2029

Figure 41: Latin America Licorice Extract Market Revenue Share Analysis, by Application, 2019 & 2029

Figure 42: Latin America Licorice Extract Market Revenue Share Analysis, by Country, 2019 & 2029

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