Global Licorice Extract Market Outlook
The Global Licorice Extract Market size is valued at around USD 2.12 billion in 2022 & is estimated to grow at a CAGR of about 5.2% during the forecast period, i.e., 2023-28.
This section provides an essential and dependable overview of the Global Licorice Extract Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, product types, applications, prominent players, and sectors.
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Global Licorice Extract Market Driver:
Mounting Utilization of the Licorice Extract in the Cosmetic Industry & Its Numerous Benefits to Drive the Market – Licorice extract has been used to treat various illnesses like inflammation, gastrointestinal issues, and respiratory problems. However, its integration into making cosmetic products is also witnessing a surge, thus driving the market. Across the globe, there is a high demand for advanced beauty & cosmetic products that are highly efficient, natural & safe, etc., owing to the rising consciousness among individuals about their looks & appearance. Also, as this extract act as an anti-inflammatory & skin-lightening substance, they are getting frequently deployed in a wide range of cosmetic items, thus supporting the Global Licorice Extract Market growth.
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Global Licorice Extract Market Segmentation
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Licorice Extract Market (2023-2028). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size and volume across diverse segmentation categories.
The Licorice Extract Market segmentation is enlisted below:
By Product Type
- Food Grade- Market Size & Forecast 2018-2028, USD Million
- Feed Grade- Market Size & Forecast 2018-2028, USD Million
- Pharmaceutical Grade- Market Size & Forecast 2018-2028, USD Million
By Form
- Powder- Market Size & Forecast 2018-2028, USD Million
- Liquid- Market Size & Forecast 2018-2028, USD Million
- Block- Market Size & Forecast 2018-2028, USD Million
By End Users
- Food & Beverages- Market Size & Forecast 2018-2028, USD Million
- Pharmaceutical- Market Size & Forecast 2018-2028, USD Million
- Tobacco- Market Size & Forecast 2018-2028, USD Million
- Others- Market Size & Forecast 2018-2028, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Global Licorice Extract Market Competitive Landscape
The competitive landscape of an Licorice Extract Market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.
Essential characteristics of the competitive landscape typically encompass:
- Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
- Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
- Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
- Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
- Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
- Collaborative Ventures: This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.
Let us know the Key Companies of the Licorice Extract Market:
- Alfarid Corporation Limited
- AOS Products Pvt. Ltd.
- Avestia Pharma
- E. Roeper GmbH
- F&C Licorice Ltd.
- Herbochem
- Hyundai Bioland
- Mafco Worldwide LLC
- Maruzen Pharmaceuticals Co. Ltd.
- Norevo GmbH
- Shaanxi FUJIE Pharmaceutical Co. Ltd.
- Others
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