Definition and Scope: Licorice root extract powder is derived from the licorice plant, Glycyrrhiza glabra, and is known for its sweet flavor and various health benefits. It is commonly used in traditional medicine and herbal supplements due to its anti-inflammatory, antioxidant, and antimicrobial properties. Licorice root extract powder is often used in skincare products, dietary supplements, and herbal teas. The market for licorice root extract powder is experiencing steady growth due to increasing consumer awareness of natural and herbal remedies. The rising demand for organic and clean-label products is also driving the market growth. In addition, the growing popularity of traditional medicine and alternative therapies is boosting the demand for licorice root extract powder. Moreover, the increasing prevalence of skin disorders and digestive issues is further fueling the market growth as licorice root extract powder is known for its skin-soothing and digestive health benefits. Overall, the market trend for licorice root extract powder is positive, with opportunities for further expansion in the health and wellness sector. The global Licorice Root Extract Powder market size was estimated at USD 1350.22 million in 2024, exhibiting a CAGR of 6.40% during the forecast period. This report offers a comprehensive analysis of the global Licorice Root Extract Powder market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges. Report Framework and Key Highlights: Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges. Trend Analysis: Examination of ongoing and emerging trends impacting the market. Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments. Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis Market Segmentation: By type, application, region, and end-user industry. Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033. This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for: Industry players Investors Researchers Consultants Business strategists And all stakeholders with an interest or investment in the Licorice Root Extract Powder market. Global Licorice Root Extract Powder Market: Segmentation Analysis and Strategic Insights This section of the report provides an in-depth segmentation analysis of the global Licorice Root Extract Powder market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales. By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment. Global Licorice Root Extract Powder Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Companies Profiled F&C Licorice Zagros Licorice Maruzen Pharmaceuticals Mafco Worldwide Norevo Magnasweet SK Bioland Amruta Herbals Ransom Naturals Sepidan Osareh MCFS Sabinsa Avestia Pharma BotanicalsPlus VPL Chemicals The Garden of Naturalsolution Carrubba Aushadhi Herbal Amsar Phyto Life Sciences ASEH Market Segmentation by Type Licorice Glabra Urallicorice Radix Glycyrrhizae Others Market Segmentation by Application Cosmetics Industry Pharmaceuticals Industry Food and Beverage Industry Others Geographic Segmentation North America: United States, Canada, Mexico Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia. Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand South America: Brazil, Argentina, Colombia. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA Report Framework and Chapter Summary Chapter 1: Report Scope and Market Definition This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis. Chapter 2: Executive Summary This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Licorice Root Extract Powder Market, highlighting its evolution over the short, medium, and long term. Chapter 3: Market Dynamics and Policy Environment This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance. Chapter 4: Competitive Landscape This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors. Chapters 5–10: Regional Market Analysis These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets. Chapter 11: Market Segmentation by Product Type This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities. Chapter 12: Market Segmentation by Application This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets. Chapter 13: Company Profiles This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy. Chapter 14: Industry Chain and Value Chain Analysis This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem. Chapter 15: Key Findings and Conclusions The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters. Table of Contents 1 Introduction to Research & Analysis Reports 1.1 Licorice Root Extract Powder Market Definition 1.2 Licorice Root Extract Powder Market Segments 1.2.1 Segment by Type 1.2.2 Segment by Application 2 Executive Summary 2.1 Global Licorice Root Extract Powder Market Size 2.2 Market Segmentation – by Type 2.3 Market Segmentation – by Application 2.4 Market Segmentation – by Geography 3 Key Market Trends, Opportunity, Drivers and Restraints 3.1 Key Takeway 3.2 Market Opportunities & Trends 3.3 Market Drivers 3.4 Market Restraints 3.5 Market Major Factor Assessment 4 Global Licorice Root Extract Powder Market Competitive Landscape 4.1 Global Licorice Root Extract Powder Sales by Manufacturers (2020-2025) 4.2 Global Licorice Root Extract Powder Revenue Market Share by Manufacturers (2020-2025) 4.3 Licorice Root Extract Powder Market Share by Company Type (Tier 1, Tier 2, and Tier 3) 4.4 New Entrant and Capacity Expansion Plans 4.5 Mergers & Acquisitions 5 Global Licorice Root Extract Powder Market by Region 5.1 Global Licorice Root Extract Powder Market Size by Region 5.1.1 Global Licorice Root Extract Powder Market Size by Region 5.1.2 Global Licorice Root Extract Powder Market Size Market Share by Region 5.2 Global Licorice Root Extract Powder Sales by Region 5.2.1 Global Licorice Root Extract Powder Sales by Region 5.2.2 Global Licorice Root Extract Powder Sales Market Share by Region 6 North America Market Overview 6.1 North America Licorice Root Extract Powder Market Size by Country 6.1.1 USA Market Overview 6.1.2 Canada Market Overview 6.1.3 Mexico Market Overview 6.2 North America Licorice Root Extract Powder Market Size by Type 6.3 North America Licorice Root Extract Powder Market Size by Application 6.4 Top Players in North America Licorice Root Extract Powder Market 7 Europe Market Overview 7.1 Europe Licorice Root Extract Powder Market Size by Country 7.1.1 Germany Market Overview 7.1.2 France Market Overview 7.1.3 U.K. Market Overview 7.1.4 Italy Market Overview 7.1.5 Spain Market Overview 7.1.6 Sweden Market Overview 7.1.7 Denmark Market Overview 7.1.8 Netherlands Market Overview 7.1.9 Switzerland Market Overview 7.1.10 Belgium Market Overview 7.1.11 Russia Market Overview 7.2 Europe Licorice Root Extract Powder Market Size by Type 7.3 Europe Licorice Root Extract Powder Market Size by Application 7.4 Top Players in Europe Licorice Root Extract Powder Market 8 Asia-Pacific Market Overview 8.1 Asia-Pacific Licorice Root Extract Powder Market Size by Country 8.1.1 China Market Overview 8.1.2 Japan Market Overview 8.1.3 South Korea Market Overview 8.1.4 India Market Overview 8.1.5 Australia Market Overview 8.1.6 Indonesia Market Overview 8.1.7 Malaysia Market Overview 8.1.8 Philippines Market Overview 8.1.9 Singapore Market Overview 8.1.10 Thailand Market Overview 8.1.11 Rest of APAC Market Overview 8.2 Asia-Pacific Licorice Root Extract Powder Market Size by Type 8.3 Asia-Pacific Licorice Root Extract Powder Market Size by Application 8.4 Top Players in Asia-Pacific Licorice Root Extract Powder Market 9 South America Market Overview 9.1 South America Licorice Root Extract Powder Market Size by Country 9.1.1 Brazil Market Overview 9.1.2 Argentina Market Overview 9.1.3 Columbia Market Overview 9.2 South America Licorice Root Extract Powder Market Size by Type 9.3 South America Licorice Root Extract Powder Market Size by Application 9.4 Top Players in South America Licorice Root Extract Powder Market 10 Middle East and Africa Market Overview 10.1 Middle East and Africa Licorice Root Extract Powder Market Size by Country 10.1.1 Saudi Arabia Market Overview 10.1.2 UAE Market Overview 10.1.3 Egypt Market Overview 10.1.4 Nigeria Market Overview 10.1.5 South Africa Market Overview 10.2 Middle East and Africa Licorice Root Extract Powder Market Size by Type 10.3 Middle East and Africa Licorice Root Extract Powder Market Size by Application 10.4 Top Players in Middle East and Africa Licorice Root Extract Powder Market 11 Licorice Root Extract Powder Market Segmentation by Type 11.1 Evaluation Matrix of Segment Market Development Potential (Type) 11.2 Global Licorice Root Extract Powder Sales Market Share by Type (2020-2033) 11.3 Global Licorice Root Extract Powder Market Size Market Share by Type (2020-2033) 11.4 Global Licorice Root Extract Powder Price by Type (2020-2033) 12 Licorice Root Extract Powder Market Segmentation by Application 12.1 Evaluation Matrix of Segment Market Development Potential (Application) 12.2 Global Licorice Root Extract Powder Market Sales by Application (2020-2033) 12.3 Global Licorice Root Extract Powder Market Size (M USD) by Application (2020-2033) 12.4 Global Licorice Root Extract Powder Sales Growth Rate by Application (2020-2033) 13 Company Profiles 13.1 FandC Licorice 13.1.1 FandC Licorice Company Overview 13.1.2 FandC Licorice Business Overview 13.1.3 FandC Licorice Licorice Root Extract Powder Major Product Offerings 13.1.4 FandC Licorice Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.1.5 Key News 13.2 Zagros Licorice 13.2.1 Zagros Licorice Company Overview 13.2.2 Zagros Licorice Business Overview 13.2.3 Zagros Licorice Licorice Root Extract Powder Major Product Offerings 13.2.4 Zagros Licorice Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.2.5 Key News 13.3 Maruzen Pharmaceuticals 13.3.1 Maruzen Pharmaceuticals Company Overview 13.3.2 Maruzen Pharmaceuticals Business Overview 13.3.3 Maruzen Pharmaceuticals Licorice Root Extract Powder Major Product Offerings 13.3.4 Maruzen Pharmaceuticals Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.3.5 Key News 13.4 Mafco Worldwide 13.4.1 Mafco Worldwide Company Overview 13.4.2 Mafco Worldwide Business Overview 13.4.3 Mafco Worldwide Licorice Root Extract Powder Major Product Offerings 13.4.4 Mafco Worldwide Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.4.5 Key News 13.5 Norevo 13.5.1 Norevo Company Overview 13.5.2 Norevo Business Overview 13.5.3 Norevo Licorice Root Extract Powder Major Product Offerings 13.5.4 Norevo Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.5.5 Key News 13.6 Magnasweet 13.6.1 Magnasweet Company Overview 13.6.2 Magnasweet Business Overview 13.6.3 Magnasweet Licorice Root Extract Powder Major Product Offerings 13.6.4 Magnasweet Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.6.5 Key News 13.7 SK Bioland 13.7.1 SK Bioland Company Overview 13.7.2 SK Bioland Business Overview 13.7.3 SK Bioland Licorice Root Extract Powder Major Product Offerings 13.7.4 SK Bioland Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.7.5 Key News 13.8 Amruta Herbals 13.8.1 Amruta Herbals Company Overview 13.8.2 Amruta Herbals Business Overview 13.8.3 Amruta Herbals Licorice Root Extract Powder Major Product Offerings 13.8.4 Amruta Herbals Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.8.5 Key News 13.9 Ransom Naturals 13.9.1 Ransom Naturals Company Overview 13.9.2 Ransom Naturals Business Overview 13.9.3 Ransom Naturals Licorice Root Extract Powder Major Product Offerings 13.9.4 Ransom Naturals Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.9.5 Key News 13.10 Sepidan Osareh 13.10.1 Sepidan Osareh Company Overview 13.10.2 Sepidan Osareh Business Overview 13.10.3 Sepidan Osareh Licorice Root Extract Powder Major Product Offerings 13.10.4 Sepidan Osareh Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.10.5 Key News 13.11 MCFS 13.11.1 MCFS Company Overview 13.11.2 MCFS Business Overview 13.11.3 MCFS Licorice Root Extract Powder Major Product Offerings 13.11.4 MCFS Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.11.5 Key News 13.12 Sabinsa 13.12.1 Sabinsa Company Overview 13.12.2 Sabinsa Business Overview 13.12.3 Sabinsa Licorice Root Extract Powder Major Product Offerings 13.12.4 Sabinsa Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.12.5 Key News 13.13 Avestia Pharma 13.13.1 Avestia Pharma Company Overview 13.13.2 Avestia Pharma Business Overview 13.13.3 Avestia Pharma Licorice Root Extract Powder Major Product Offerings 13.13.4 Avestia Pharma Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.13.5 Key News 13.14 BotanicalsPlus 13.14.1 BotanicalsPlus Company Overview 13.14.2 BotanicalsPlus Business Overview 13.14.3 BotanicalsPlus Licorice Root Extract Powder Major Product Offerings 13.14.4 BotanicalsPlus Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.14.5 Key News 13.15 VPL Chemicals 13.15.1 VPL Chemicals Company Overview 13.15.2 VPL Chemicals Business Overview 13.15.3 VPL Chemicals Licorice Root Extract Powder Major Product Offerings 13.15.4 VPL Chemicals Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.15.5 Key News 13.16 The Garden of Naturalsolution 13.16.1 The Garden of Naturalsolution Company Overview 13.16.2 The Garden of Naturalsolution Business Overview 13.16.3 The Garden of Naturalsolution Licorice Root Extract Powder Major Product Offerings 13.16.4 The Garden of Naturalsolution Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.16.5 Key News 13.17 Carrubba 13.17.1 Carrubba Company Overview 13.17.2 Carrubba Business Overview 13.17.3 Carrubba Licorice Root Extract Powder Major Product Offerings 13.17.4 Carrubba Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.17.5 Key News 13.18 Aushadhi Herbal 13.18.1 Aushadhi Herbal Company Overview 13.18.2 Aushadhi Herbal Business Overview 13.18.3 Aushadhi Herbal Licorice Root Extract Powder Major Product Offerings 13.18.4 Aushadhi Herbal Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.18.5 Key News 13.19 Amsar 13.19.1 Amsar Company Overview 13.19.2 Amsar Business Overview 13.19.3 Amsar Licorice Root Extract Powder Major Product Offerings 13.19.4 Amsar Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.19.5 Key News 13.20 Phyto Life Sciences 13.20.1 Phyto Life Sciences Company Overview 13.20.2 Phyto Life Sciences Business Overview 13.20.3 Phyto Life Sciences Licorice Root Extract Powder Major Product Offerings 13.20.4 Phyto Life Sciences Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.20.5 Key News 13.21 ASEH 13.21.1 ASEH Company Overview 13.21.2 ASEH Business Overview 13.21.3 ASEH Licorice Root Extract Powder Major Product Offerings 13.21.4 ASEH Licorice Root Extract Powder Sales and Revenue fromLicorice Root Extract Powder (2020-2025) 13.21.5 Key News 13.21.6 Key News 14 Key Market Trends, Opportunity, Drivers and Restraints 14.1 Key Takeway 14.2 Market Opportunities & Trends 14.3 Market Drivers 14.4 Market Restraints 14.5 Market Major Factor Assessment 14.6 Porter's Five Forces Analysis of Licorice Root Extract Powder Market 14.7 PEST Analysis of Licorice Root Extract Powder Market 15 Analysis of the Licorice Root Extract Powder Industry Chain 15.1 Overview of the Industry Chain 15.2 Upstream Segment Analysis 15.3 Midstream Segment Analysis 15.3.1 Manufacturing, Processing or Conversion Process Analysis 15.3.2 Key Technology Analysis 15.4 Downstream Segment Analysis 15.4.1 Downstream Customer List and Contact Details 15.4.2 Customer Concerns or Preference Analysis 16 Conclusion 17 Appendix 17.1 Methodology 17.2 Research Process and Data Source 17.3 Disclaimer 17.4 Note 17.5 Examples of Clients 17.6 DisclaimerResearch Methodology The research methodology employed in this study follows a structured, four-stage process designed to ensure the accuracy, consistency, and relevance of all data and insights presented. The process begins with Information Procurement, wherein data is collected from a wide range of primary and secondary sources. This is followed by Information Analysis, during which the collected data is systematically mapped, discrepancies across sources are examined, and consistency is established through cross-validation.
Subsequently, the Market Formulation phase involves placing verified data points into an appropriate market context to generate meaningful conclusions. This step integrates analyst interpretation and expert heuristics to refine findings and ensure applicability. Finally, all conclusions undergo a rigorous Validation and Publishing process, where each data point is re-evaluated before inclusion in the final deliverable. The methodology emphasizes bidirectional flow and reversibility between key stages to maintain flexibility and reinforce the integrity of the analysis.
Research Process The market research process follows a structured and iterative methodology designed to ensure accuracy, depth, and reliability. It begins with scope definition and research design, where the research objectives are clearly outlined based on client requirements, emerging market trends, and initial exploratory insights. This phase provides strategic direction for all subsequent stages of the research. Data collection is then conducted through both secondary and primary research. Secondary research involves analyzing publicly available and paid sources such as company filings, industry journals, and government databases to build foundational knowledge. This is followed by primary research, which includes direct interviews and surveys with key industry stakeholders—such as manufacturers, distributors, and end users—to gather firsthand insights and address data gaps identified earlier. Techniques included CATI (Computer-Assisted Telephonic Interviewing), CAWI (Computer-Assisted Web Interviewing), CAVI (Computer-Assisted Video Interviewing via platforms like Zoom and WebEx), and CASI (Computer-Assisted Self Interviewing via email or LinkedIn).
