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

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.

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

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

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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