Licorice Root Global Market Report 2026

Licorice root originates from the Glycyrrhiza glabra plant, native to Europe and Asia, containing glycyrrhizin-a compound imparting sweetness and medicinal properties. It is commonly employed in treating digestive ailments such as indigestion, heartburn, and gastritis, offering relief to the stomach and intestinal linings.

Licorice root is utilized in various product forms such as essential oils, liquid malt extract, oleoresins, dried herbs and spices, malt flour, and more. The term roots can denote underground plant parts, origins, anatomical structures, linguistic elements, mathematical concepts, and musical foundations. Product variations encompass essential standard malt, caramelized malt, and roasted malt extracts, serving diverse functions such as enhancing performance and palatability. These find applications across industries including food and beverage, tobacco, pharmaceuticals, cosmetics, and dietary supplements.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the licorice root market by increasing costs of raw root imports, extract processing equipment, and cross-border trade of herbal ingredients. Europe and Asia are most affected due to reliance on imported licorice roots, while North America faces higher processing and compliance costs. These tariffs are influencing pricing and supply availability. However, they are also encouraging domestic cultivation, local extraction facilities, and value-added processing within regional markets.

The licorice root market research report is one of a series of new reports from The Business Research Company that provides licorice root market statistics, including licorice root industry global market size, regional shares, competitors with a licorice root market share, detailed licorice root market segments, market trends and opportunities, and any further data you may need to thrive in the licorice root industry. This licorice root market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The licorice root market size has grown strongly in recent years. It will grow from $3.24 billion in 2025 to $3.48 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to traditional use in medicinal preparations, expansion of herbal medicine markets, growth of pharmaceutical ingredient sourcing, rising awareness of digestive health, availability of licorice cultivation regions.

The licorice root market size is expected to see strong growth in the next few years. It will grow to $4.5 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing demand from nutraceuticals sector, expansion of clean-label food formulations, rising use in pharmaceutical research, growing cosmetic applications, increasing focus on sustainable herb sourcing. Major trends in the forecast period include increasing use of licorice in herbal remedies, rising demand for natural sweeteners, expansion of licorice extract applications, growing preference for plant-based ingredients, enhanced focus on standardized extract quality.

Growing demand in the pharmaceutical industry is expected to propel the growth of the licorice root market going forward. The pharmaceutical industry includes companies engaged in the research, development, production, and distribution of drugs and medications. Demand within this industry is rising due to factors such as an aging population, the increasing prevalence of chronic and infectious diseases, and improved global access to healthcare. Licorice root is widely used in pharmaceuticals for its anti-inflammatory, antiviral, and antimicrobial properties, supporting treatments for digestive disorders, respiratory conditions, and immune health formulations. For instance, in July 2025, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based industry association, the global prescription pharmaceutical market reached $1,528,535 million in 2024, reflecting growth compared to 2023. Therefore, growing demand in the pharmaceutical industry is driving the growth of the licorice root market.

Major companies operating in the licorice root market are focusing on developing innovative solutions, such as premium licorice confectionery collections, to meet rising demand for natural, plant-based flavoring and functional ingredients across snacks and wellness products. Premium licorice collections typically incorporate high-quality licorice root extracts blended with complementary flavors, offering a refined alternative to traditional sugar-heavy licorice products. For example, in June 2024, Bulow, a Denmark-based confectionery company, launched the 2024 Lakrids by Bulow Summer Collection, featuring licorice made with natural licorice root extract combined with tropical fruits and delicate spices. These products deliver a balanced flavor profile that merges traditional licorice characteristics with modern taste innovations while maintaining a premium, artisanal appeal suitable for gourmet snacking and gifting.

In June 2023, Theo Chocolate, a Seattle-based chocolate company in the United States, announced its merger with American Licorice Company. This strategic partnership allows Theo Chocolate to address rising costs and operational challenges while continuing its commitment to delivering high-quality organic chocolate. American Licorice Company, known for manufacturing licorice root products, brings valuable expertise to the merger.

Major companies operating in the licorice root market are S.r Organic, Sarv Biolabs Pvt Ltd, Finzelberg GmbH & Co. KG, Maruzen Pharmaceuticals Co. Ltd., Beloorbayir Biotech Ltd., Geo Fresh Organic Pvt Ltd, Nanjing Zelang Medical Technology Co. Ltd., Jiangsu Tiansheng Pharmaceutical Co. Ltd., Mafco Worldwide LLC, Norevo GmbH, VPL Chemicals Pvt Ltd, Athos Lifesciences Pvt. Ltd., Ransom Naturals Ltd., ASEH Licorice MFG & Exp. Co, Rainbow Expochem Company, Windson Organic Pvt Ltd, F&C Licorice Ltd, Norevo Licorice Extracts, Naturex (Givaudan Active Botanicals), Martin Bauer Group, Shaanxi Sciphar Natural Products Co Ltd, Xi'an Natural Field Bio-Technique Co Ltd

North America was the largest region in the licorice root market in 2025. The regions covered in the licorice root market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the licorice root market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The licorice root market consists of the sales of glycyrrhiza glabra, glycyrrhiza uralensis, and glycyrrhiza inflata. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Licorice Root Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses licorice root market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for licorice root ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The licorice root market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Oleoresins; Herbs And Spices
• 2) By Product Form: Roots; Extracts
• 3) By End User: Food And Beverage Industry; Tobacco Industry; Pharmaceutical Industry; Cosmetic Industry; Dietary Supplements
• Subsegments:
• 1) By Oleoresins: Licorice Oleoresins for Flavoring; Licorice Oleoresins for Pharmaceuticals
• 2) By Herbs and Spices: Whole Licorice Root; Ground Licorice Root
• Companies Mentioned: S.r Organic; Sarv Biolabs Pvt Ltd; Finzelberg GmbH & Co. KG; Maruzen Pharmaceuticals Co. Ltd.; Beloorbayir Biotech Ltd.; Geo Fresh Organic Pvt Ltd; Nanjing Zelang Medical Technology Co. Ltd.; Jiangsu Tiansheng Pharmaceutical Co. Ltd.; Mafco Worldwide LLC; Norevo GmbH; VPL Chemicals Pvt Ltd; Athos Lifesciences Pvt. Ltd.; Ransom Naturals Ltd.; ASEH Licorice MFG & Exp. Co; Rainbow Expochem Company; Windson Organic Pvt Ltd; F&C Licorice Ltd; Norevo Licorice Extracts; Naturex (Givaudan Active Botanicals); Martin Bauer Group; Shaanxi Sciphar Natural Products Co Ltd; Xi'an Natural Field Bio-Technique Co Ltd
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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