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.
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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.
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.
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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.
North America Stands Out in Licorice Extract Market in Terms of Sales and Growth
Food & Beverage Industry Main Driving Force for Licorice Extract Market Growth
Health Attributes of Licorice Extract Influencing Purchase Decisions of Consumers
Manufacturers Re-branding Licorice Extract Products to Attract More Consumers
High Prices Restraining Licorice Extract Market in Developing Countries
Licorice Extract Market: Competitive Landscape
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.
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Licorice Extract Market is expected to reach US$ 2.9 Bn By 2029
Licorice Extract Market is estimated to rise at a CAGR of 4% during forecast period
Increase Pharmaceuticals, tobacco, and food and beverages activities are driving the growth of the Licorice Extract Market
Europe is more attractive for vendors 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