How does glycyrrhizin content affect pricing tiers in the licorice extract market?

Extracts standardized above 20% glycyrrhizin command 40–60% price premiums over crude grades. Pharmaceutical buyers pay the highest per-kilogram rates for 95%+ purity isolates [5]. Read More

What shelf-life considerations should procurement teams evaluate for licorice extract sourcing?

Powder-form extracts maintain potency for 24–36 months under controlled storage, while paste degrades faster due to moisture content. Accelerated-stability testing per ICH Q1A guidelines is recommended before long-term contracts [6]. Read More

How does deglycyrrhizinated licorice DGL compare to full-spectrum extract for supplement formulations?

DGL removes glycyrrhizin to eliminate hypertension risk, making it preferred for daily-use digestive supplements. Full-spectrum retains broader bioactive diversity but requires dosage warnings [13]. Read More

What quality certifications matter most for cross-border licorice extract trade?

ISO 22000, FSSC 22000, and USP verification are the most requested by EU and US importers. GMP certification is mandatory for pharma-destined shipments [7]. Read More

How are climate risks in Central Asian growing regions affecting supply contracts?

Drought frequency in Xinjiang and Uzbekistan has pushed buyers toward 2–3 year forward contracts with price-escalation clauses. Diversification into Turkish and Afghan root sourcing is accelerating [15]. Read More

What role does licorice extract play in tobacco harm-reduction products?

Licorice paste remains a standard casing ingredient in combustible cigarettes and shisha tobacco, providing moisture retention and flavor smoothing. Its use in heated-tobacco products is under evaluation [7]. Read More

Are precision-fermentation alternatives a near-term threat to the licorice extract market?

Biosynthetic glycyrrhizin production remains at laboratory scale with costs exceeding natural extraction by 8–10x. Commercial viability is unlikely before 2032 at the earliest [10]. Read More

Licorice Extract Market (2026 - 2035)

ID: MRFR/FnB/21343-HCR 100 Pages Snehal Singh Last Updated: September 17, 2026

Licorice Extract Market Size, Share, Industry Trend & Analysis Research Report By Form (Powder, Paste, Block, Others), By Application (Food and Beverage, Cosmetics and Personal Care, Dietary Supplements, Tobacco Products, Other Applications), By Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast to 2035

Licorice Extract Market

Market Size

Forecast Period2026-2035

CAGR (2026-2035)5.15%

2025 Market SizeUSD 2.45 Billion

2035 Market SizeUSD 4.05 Billion

Key Players

Mafco Worldwide LLC

Norevo GmbH

Amarelli S.r.l.

F&C Licorice Ltd.

Zagros Licorice Co.

Sepidan Osareh Co.

Trends

Clean-Label and Natural Sweetener Transition
Pharmaceutical and Nutraceutical Demand Expansion
Confectionery Tradition and Innovation in Europe

Opportunities

Functional Confectionery and Better-for-You Snacking
Cosmeceutical and Dermatological Applications
Deglycyrrhizinated Licorice for Gastroenterology

Summary Table of Contents Segmentation Methodology Download PDF

1 Market Overview |
1. 1.1 Study Assumptions & Market Definition |
2. 1.2 Scope of the Study |
3. 1.3 Research Methodology
2 Market Summary & Key Takeaways
3 Market Dynamics |
1. 3.1 Market Drivers Analysis | |
  1. 3.1.1 Clean-Label and Natural Sweetener Transition | |
  2. 3.1.2 Pharmaceutical and Nutraceutical Demand Expansion | |
  3. 3.1.3 Confectionery Tradition and Innovation in Europe | |
  4. 3.1.4 E-Commerce and Direct-to-Consumer Supplement Growth | |
  5. 3.1.5 Tobacco Industry Casing and Flavoring Demand | |
  6. 3.1.6 Cosmeceutical and Personal-Care Innovation |
2. 3.2 Market Restraints Analysis | |
  1. 3.2.1 Competition from Stevia and Other Natural Sweetener Alternatives | |
  2. 3.2.2 Glycyrrhizin Safety and Dosage Concerns | |
  3. 3.2.3 Geographic Supply Concentration | |
  4. 3.2.4 Regulatory Fragmentation Across Botanical Extract Standards | |
  5. 3.2.5 Price Volatility of Dried Licorice Root Feedstock |
3. 3.3 Market Opportunity Analysis | |
  1. 3.3.1 Functional Confectionery and Better-for-You Snacking | |
  2. 3.3.2 Cosmeceutical and Dermatological Applications | |
  3. 3.3.3 Emerging Market Expansion in Southeast Asia and Latin America | |
  4. 3.3.4 Deglycyrrhizinated Licorice for Gastroenterology | |
  5. 3.3.5 Blockchain-Enabled Traceability and Premium Pricing |
4. 3.4 Industry Value Chain Analysis |
5. 3.5 Porter's Five Forces Analysis
4 Global Licorice Extract Market Size & Forecast (2021–2035) |
1. 4.1 Historical Market Size (2021–2025) |
2. 4.2 Current & Forecast Market Size (2026–2035) |
3. 4.3 Market Size by Revenue (USD Billion) |
4. 4.4 Year-over-Year Growth Analysis
5 Segmentation Analysis |
1. 5.1 By Form | |
  1. 5.1.1 Powder | |
  2. 5.1.2 Paste | |
  3. 5.1.3 Block | |
  4. 5.1.4 Others (Liquid, Granules) |
2. 5.2 By Application | |
  1. 5.2.1 Food and Beverage | |
  2. 5.2.2 Cosmetics and Personal Care | |
  3. 5.2.3 Dietary Supplements | |
  4. 5.2.4 Tobacco Products | |
  5. 5.2.5 Other Applications
6 Regional Analysis |
1. 6.1 North America | |
  1. 6.1.1 United States | |
  2. 6.1.2 Canada | |
  3. 6.1.3 Mexico |
2. 6.2 Europe | |
  1. 6.2.1 Germany | |
  2. 6.2.2 United Kingdom | |
  3. 6.2.3 France | |
  4. 6.2.4 Italy | |
  5. 6.2.5 Spain | |
  6. 6.2.6 Nordic Countries | |
  7. 6.2.7 Russia | |
  8. 6.2.8 Rest of Europe |
3. 6.3 Asia-Pacific | |
  1. 6.3.1 China | |
  2. 6.3.2 India | |
  3. 6.3.3 Japan | |
  4. 6.3.4 South Korea | |
  5. 6.3.5 ASEAN | |
  6. 6.3.6 Rest of Asia-Pacific |
4. 6.4 South America | |
  1. 6.4.1 Brazil | |
  2. 6.4.2 Argentina | |
  3. 6.4.3 Rest of South America |
5. 6.5 Middle East & Africa | |
  1. 6.5.1 Saudi Arabia | |
  2. 6.5.2 UAE | |
  3. 6.5.3 South Africa | |
  4. 6.5.4 Egypt | |
  5. 6.5.5 Rest of MEA
7 Competitive Landscape |
1. 7.1 Market Share Analysis (2025) |
2. 7.2 Competitive Benchmarking Matrix |
3. 7.3 Company Profiles | |
  1. 7.3.1 Mafco Worldwide LLC | |
  2. 7.3.2 Norevo GmbH | |
  3. 7.3.3 Amarelli S.r.l. | |
  4. 7.3.4 F&C Licorice Ltd. | |
  5. 7.3.5 Zagros Licorice Co. | |
  6. 7.3.6 Sepidan Osareh Co. | |
  7. 7.3.7 Ransom Naturals Ltd. | |
  8. 7.3.8 Shaanxi Fujie Pharmaceutical | |
  9. 7.3.9 Maruzen Pharmaceuticals Co. | |
  10. 7.3.10 VPL Chemicals Pvt. Ltd.
8 Future Outlook & Strategic Recommendations (2026–2035) |
1. 8.1 Precision Extraction and Standardization Technologies |
2. 8.2 Regulatory Convergence and Codex Alimentarius Standards |
3. 8.3 Sustainability and Regenerative Agriculture Practices |
4. 8.4 Convergence of Traditional Medicine and Evidence-Based Pharma
9 Recent Developments & News
10 Frequently Asked Questions (FAQs)
11 Report Scope & Methodology |
1. 11.1 Study Period & Base Year |
2. 11.2 Data Sources & Citations |
3. 11.3 Abbreviations
12 LIST OF TABLES |
TABLE 1 Global Licorice Extract Market Size & Forecast, by Revenue (USD Billion), 2021–2035 |
TABLE 2 Global Licorice Extract Market – Year-over-Year Growth Analysis, 2021–2035 |
TABLE 3 Global Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 4 Global Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 5 Global Licorice Extract Market Size, by Region, 2021–2035 (USD Billion) |
TABLE 6 North America Licorice Extract Market Size, by Country, 2021–2035 (USD Billion) |
TABLE 7 Europe Licorice Extract Market Size, by Country, 2021–2035 (USD Billion) |
TABLE 8 Asia-Pacific Licorice Extract Market Size, by Country, 2021–2035 (USD Billion) |
TABLE 9 South America Licorice Extract Market Size, by Country, 2021–2035 (USD Billion) |
TABLE 10 Middle East & Africa Licorice Extract Market Size, by Country, 2021–2035 (USD Billion) |
TABLE 11 Driver Impact Analysis — Global Licorice Extract Market |
TABLE 12 Restraint Impact Analysis — Global Licorice Extract Market |
TABLE 13 Competitive Benchmarking Matrix — Global Licorice Extract Market, 2025 |
TABLE 14 Company Profiles — Key Players, Global Licorice Extract Market |
TABLE 15 Recent Developments & Strategic Announcements, 2023–2025 |
TABLE 16 North America Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 17 North America Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 18 Europe Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 19 Europe Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 20 Asia-Pacific Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 21 Asia-Pacific Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 22 South America Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 23 South America Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 24 Middle East & Africa Licorice Extract Market Size, by Form, 2021–2035 (USD Billion) |
TABLE 25 Middle East & Africa Licorice Extract Market Size, by Application, 2021–2035 (USD Billion) |
TABLE 26 Report Scope & Methodology Summary
13 LIST OF FIGURES |
FIGURE 1 Global Licorice Extract Market Dynamics — Drivers, Restraints, and Opportunities |
FIGURE 2 Industry Value Chain Analysis — Licorice Extract Market |
FIGURE 3 Porter's Five Forces Analysis — Licorice Extract Market |
FIGURE 4 Global Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 5 Global Licorice Extract Market Share, by Form (%), 2025 |
FIGURE 6 Global Licorice Extract Market Share, by Application (%), 2025 |
FIGURE 7 Global Licorice Extract Market Share, by Region (%), 2025 |
FIGURE 8 North America Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 9 Europe Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 10 Asia-Pacific Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 11 South America Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 12 Middle East & Africa Licorice Extract Market Size Trend (USD Billion), 2021–2035 |
FIGURE 13 Competitive Landscape — Market Share Distribution, 2025 |
FIGURE 14 Competitive Positioning Matrix — Key Players, 2025

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Segmentation Quick Reference

Dimension	Sub-Segments	Dominant Segment	Fastest Growing Segment
By Form	Powder, Paste, Block, Others	Powder (42% share)	Paste (5.8% CAGR)
By Application	Food and Beverage, Cosmetics and Personal Care, Dietary Supplements, Tobacco Products, Other Applications	Food and Beverage (USD 0.93 B)	Dietary Supplements (6.3% CAGR)
By Geography	North America, Europe, Asia-Pacific, South America, Middle East & Africa	Europe (36% share)	North America (6.1% CAGR)

Market Segmentation Overview

By Form

Sub-Segment	Key Trend
Powder	Preferred for nutraceutical capsules, food premixes, and pharma-grade applications due to dosing precision and extended shelf stability
Paste	Growing demand from European confectioners and tobacco casing manufacturers for direct-integration processing
Block	Traditional format maintained by artisanal confectionery producers in Italy, the Netherlands, and Scandinavia
Others (Liquid, Granules)	Emerging use in cosmeceutical serums and ready-to-dissolve functional beverage applications

Powder remains the dominant form in the licorice extract market, driven by its compatibility with automated encapsulation and blending systems across supplement and food manufacturing. Paste is the fastest-growing form as European confectionery and tobacco sectors prioritize viscosity-controlled formulations for improved production efficiency.

By Application

Sub-Segment	Key Trend
Food and Beverage	Clean-label reformulation and natural sweetener adoption replacing synthetic alternatives in confectionery, beverages, and bakery
Cosmetics and Personal Care	Glabridin-enriched formulations for skin-brightening, anti-aging, and sensitive-skin care are expanding across K-beauty and Western markets.
Dietary Supplements	DGL capsules and licorice root tinctures are gaining mainstream retail distribution for digestive and adrenal health support
Tobacco Products	Licorice paste is used as a casing and humectant in cigarette and shisha manufacturing, with emerging applications in heated-tobacco products.
Other Applications	Industrial adhesives, animal-feed palatability enhancers, and traditional herbal medicine preparations

Food and Beverage anchors the licorice extract market by application, though Dietary Supplements is rapidly closing the gap with the highest projected CAGR. The cosmetics and personal care segment represents a high-margin diversification pathway, particularly as clinical validation of glabridin's dermatological efficacy strengthens.

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