PUBLISHER: Grand View Research | PRODUCT CODE: 2152200
PUBLISHER: Grand View Research | PRODUCT CODE: 2152200
Licorice Extract Market Size, Share & Trends Analysis Report By Form (Powder, Liquid, Blocks, Paste), By End Use (Nutraceutical & Dietary Supplements, Cosmetics & Personal Care), By Distribution Channel, By Regional, And Segment Forecasts, 2026 - 2035
The global licorice extract market size was valued at USD 1.9 billion in 2025 and is projected to grow from USD 2.0 billion in 2026 to USD 3.4 billion in 2035, at a CAGR of 6.1% from 2026 to 2035. Asia Pacific dominated the market, accounting for a revenue share of 40.0% in 2025. The market is driven by the region's established licorice cultivation and processing base, traditional use of licorice in herbal medicine, and increasing demand for botanical ingredients across various end-use industries. The growing demand for plant-based ingredients across the food & beverage, pharmaceutical, nutraceutical, and cosmetics industries is supporting market growth worldwide.
Licorice extract is widely used in food and beverages, confectionery, pharmaceuticals, nutraceuticals, traditional medicine, cosmetics, personal care, and oral care products. Its characteristic sweetness, distinctive flavor profile, and naturally occurring compounds, particularly glycyrrhizin and other phytochemicals, make it a versatile botanical ingredient for different formulations.
In addition, there is a rising preference for plant-derived and natural ingredients across consumer and healthcare products. Food and beverage manufacturers use licorice extract for flavoring and sweetness, while pharmaceutical and nutraceutical manufacturers incorporate licorice-derived ingredients into herbal and wellness formulations. Growing interest in botanical products, traditional remedies, functional ingredients, and clean-label formulations is creating additional application opportunities for licorice extract manufacturers. The use of botanical ingredients in personal care and cosmetics is also creating opportunities for specialized licorice-based formulations.
Product quality, extraction efficiency, standardization, and consistency are emerging as increasingly important competitive factors in the licorice extract market. Manufacturers are focusing on controlling the concentration of active compounds, enhancing extraction technologies, developing application-specific grades, and ensuring consistent raw material quality. In addition, safety concerns associated with excessive glycyrrhizin consumption are increasing the emphasis on controlled formulations and the development of low-glycyrrhizin or deglycyrrhizinated licorice extracts, particularly for applications where reduced glycyrrhizin exposure is preferred.
Global Licorice Extract Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities across each sub-segment from 2026 to 2035. For the purpose of this study, Grand View Research has segmented the global licorice extract market report based on form, end use, distribution channel, and region:
- Form Outlook (Revenue, USD Billion, 2021 - 2035)
Powder
Liquid
Blocks
Paste
- End Use Outlook (Revenue, USD Billion, 2021 - 2035)
Nutraceutical & Dietary Supplements
Cosmetics & Personal Care
Food & Beverages
Pharmaceuticals
Others
- Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2035)
Business-to-Business
Business-to-Consumer
- Regional Outlook (Revenue, USD Billion, 2021 - 2035)
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
Latin America
- Brazil
- Argentina
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Market Definition
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Licorice Extract Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Opportunities
- 3.4. Licorice Extract: Market Analysis Tools
- 3.4.1. Industry Analysis -- Porter's Five Forces Analysis
- 3.4.2. PESTLE Analysis
Chapter 4. Licorice Extract Market, Product Type Analysis
- 4.1. Segment Dashboard
- 4.2. Licorice Extract Market: Product Type Movement Analysis, 2025 & 2035 (USD Billion)
- 4.3. Powder
- 4.3.1. Powder Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 4.4. Liquid
- 4.4.1. Liquid Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 4.5. Blocks
- 4.5.1. Blocks Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 4.6. Paste
- 4.6.1. Paste Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
Chapter 5. Licorice Extract Market, End-Use Analysis
- 5.1. Segment Dashboard
- 5.2. Licorice Extract Market: End-Use Movement Analysis, 2025 & 2035 (USD Billion)
- 5.3. Nutraceutical & Dietary Supplements
- 5.3.1. Nutraceutical & Dietary Supplements Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 5.4. Cosmetics & Personal Care
- 5.4.1. Cosmetics & Personal Care Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 5.5. Food & Beverages
- 5.5.1. Food & Beverages Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 5.6. Pharmaceuticals
- 5.6.1. Pharmaceuticals Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 5.7. Others
- 5.7.1. Others Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
Chapter 6. Licorice Extract Market, Distribution Channel Analysis
- 6.1. Segment Dashboard
- 6.2. Licorice Extract Market: Distribution Channel Movement Analysis, 2025 & 2035 (USD Billion)
- 6.3. Business-to-Business
- 6.3.1. Business-to-Business Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
- 6.4. Business-to-Consumer
- 6.4.1. Business-to-Consumer Market Estimates and Forecasts, 2021 - 2035 (USD Billion)
Chapter 7. Licorice Extract Market, Region Analysis
- 7.1. Licorice Extract Market Share by Region, 2025 & 2035:
- 7.2. North America
- 7.2.1. North America Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.2.2.2. U.S. Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.2.2.3. U.S. Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.2.2.4. U.S. Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.2.3.2. Canada Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.2.3.3. Canada Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.2.3.4. Canada Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.2.4.2. Mexico Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.2.4.3. Mexico Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.2.4.4. Mexico Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.2. UK
- 7.3.2.1. UK Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.2.2. UK Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.3.2.3. UK Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.3.2.4. UK Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.3.3. Germany
- 7.3.3.1. Germany Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.3.2. Germany Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.3.3.3. Germany Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.3.3.4. Germany Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.4.2. France Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.3.4.3. France Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.3.4.4. France Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.3.5. Italy
- 7.3.5.1. Italy Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.5.2. Italy Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.3.5.3. Italy Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.3.5.4. Italy Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.3.6. Spain
- 7.3.6.1. Spain Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.3.6.2. Spain Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.3.6.3. Spain Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.3.6.4. Spain Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.2.2. China Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.4.2.3. China Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.4.2.4. China Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.4.3. Japan
- 7.4.3.1. Japan Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.3.2. Japan Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.4.3.3. Japan Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.4.3.4. Japan Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.4.4. India
- 7.4.4.1. India Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.4.2. India Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.4.4.3. India Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.4.4.4. India Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.4.5. Australia
- 7.4.5.1. Australia Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.5.2. Australia Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.4.5.3. Australia Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.4.5.4. Australia Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.4.6.2. South Korea Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.4.6.3. South Korea Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.4.6.4. South Korea Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.5.2.2. Brazil Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.5.2.3. Brazil Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.5.2.4. Brazil Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.5.3.2. Argentina Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.5.3.3. Argentina Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.5.3.4. Argentina Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.6. Middle East and Africa (MEA)
- 7.6.1. Middle East and Africa (MEA) Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.6.2.2. South Africa Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.6.2.3. South Africa Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.6.2.4. South Africa Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.6.3.2. Saudi Arabia Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.6.3.3. Saudi Arabia Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.6.3.4. Saudi Arabia Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
- 7.6.4. UAE
- 7.6.4.1. UAE Licorice Extract Market, 2021 - 2035 (USD Billion)
- 7.6.4.2. UAE Licorice Extract Market, By Form 2021 - 2035 (USD Billion)
- 7.6.4.3. UAE Licorice Extract Market, By End Use, 2021 - 2035 (USD Billion)
- 7.6.4.4. UAE Licorice Extract Market, By Distribution Channel 2021 - 2035 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share Analysis, 2025
- 8.4. Strategy Mapping
- 8.4.1. Expansion
- 8.4.2. Mergers & Acquisition
- 8.4.3. Partnerships & Collaborations
- 8.4.4. New Product Launches
- 8.4.5. Research And Development
- 8.5. Company Profiles
- 8.5.1. Norevo GmbH
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. MAFCO Worldwide
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. F&C Licorice Ltd.
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Maruzen Pharmaceuticals Co., Ltd.
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Qinghai Lake Pharmaceutical Co., Ltd. (QHL)
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Zagros Licorice Co.
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. ASEH Licorice Manufacturing & Export Co.
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Sepidan Osareh Co.
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. VPL Chemicals Pvt. Ltd.
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Bio-Botanica Inc.
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives
- 8.5.1. Norevo GmbH
