Licorice Root Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2026

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In 2018, the market size of Licorice Root Market is million US$ and it will reach million US$ in 2025, growing at a CAGR of from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

In this report, 2018 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Licorice Root .

This report studies the global market size of Licorice Root , especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).

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This study presents the Licorice Root Market production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Licorice Root history breakdown data from 2014 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2018.

In global Licorice Root market, the following companies are covered:

growing demand for licorice from several end-use industries. As numerous farmers are at times even compelled to abandon this sort of land that has been dedicated for cotton and wheat owing to the high salinity, rehabilitating this land for harvesting licorice will present them with ample growth prospects. This will involve obtaining permission from the government to harvest licorice root instead of cotton, wheat, and other different staple crops. With the adoption of this strategy, it is being expected that this region will witness a proper production of licorice root in the coming years.

Tobacco is projected to be the leading industry in the consumption of licorice root as an active ingredient

Licorice root extract is a very important flavouring agent and component at present in the confectionery and tobacco industries. Currently, it is being employed in the food industry as a flavouring agent and in the tobacco industry as a de-bittering agent in order to mask the off-note taste of stevia that has till now been a favourite in the market. Stevia has been a prominent sweetener in the tobacco as well as food industry till date. However, researchers and food specialists are looking to incorporating licorice to mask the off-note taste of stevia. With the tobacco industry fast moving towards the development of sweet and flavoured tobacco, the demand for licorice is expected to rise in this industry over the coming years.

Consumption of licorice root is expected to rise in the coming years in the pharmaceutical industry owing to its inherent herbal properties

In the last few years, the demand for licorice has increased from the pharmaceutical industry as it is a noteworthy component of Chinese herbal medicine. The demand for Chinese herbal medicines that comprise almost 70% licorice is increasing extensively, especially in Europe and the U.S. as the population in these regions is shifting towards the consumption of organic medicines. The demand for licorice in the pharmaceutical industry is mainly governed by the burgeoning demand for Chinese medicines. In order to meet the growing demand from the pharmaceutical and other vertical industries, manufacturers are collaborating with harvesters to maintain a stable production of licorice and prevent the prices from shooting up in the global market. This is expected to help boost the extent of cultivated land for licorice, eventually leading to a substantial growth in revenue of the global licorice root market.

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The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Licorice Root product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Licorice Root , with price, sales, revenue and global market share of Licorice Root in 2017 and 2018.

Chapter 3, the Licorice Root competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Licorice Root breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2018.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2018.

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Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2018.

Chapter 12, Licorice Root market forecast, by regions, type and application, with sales and revenue, from 2018 to 2024.

Chapter 13, 14 and 15, to describe Licorice Root sales channel, distributors, customers, research findings and conclusion, appendix and data source.