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Licorice Extract Market Growth Statistics to Make Multi-Billion Dollar Industry during 2019 to 2029

Growth of the licorice extract market remains driven by a slew of factors, which range from rising demand for clean label products and changing regulations in the food and beverage industry, to increasing awareness among consumers.

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Licorice Extract Market Growth Statistics to Make Multi-Billion Dollar Industry during 2019 to 2029

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  1. Licorice Extract Market Growth Statistics to Make Multi-Billion Dollar Industry during  2019 to 2029    According to a new study by TMR, the sales of licorice extract are expected to reach                 ~​US$ – 1.9 Bn ​in ​2019​, and record a Y-o-Y growth of ~​4% during the forecast period of                     2019 to ​2029. Growth of the ​licorice extract market remains driven by a slew of factors,               which range from rising demand for clean label products and changing regulations in               the food and beverage industry, to increasing awareness among consumers.                                                                Licorice is an evergreen herb, and is predominantly cultivated in West Asia, Greece, and               Turkey. It has been used as an aromatic agent since ancient times. Licorice was also                 used as an expectorant. Licorice includes the glycyrrhizine compound. The unpeeled             dried roots and the subterranean stem (rhizome) are the medicinal components of the             plant.                                                      Licorice extract is fifty times sweeter than sugar. Too much glycyrrhizin glycoside can               increase the blood pressure of an individual. Licorice extract has been historically used             for GI complaints. Licorice is mainly used in the candy and tobacco sectors as a             flavoring agent, and to some extent in the pharmaceutical and beverage sectors. The                 chemical compounds discovered in licorice extract were explored for a variety of uses,           including cancer therapy and antiviral activity.                                                                        Preferential Inclination towards Non-modified Convenience Ingredients  Increasing health and wellness issues have changed the lifestyles and practices of           consumers. They have also converted their preferences for food. The demand for           organic products and ingredients has risen significantly in recent years, due to this           change. As customers move to clean label products, the demand for licorice extract is               also on the rise. Those certified by regulatory bodies are the more trusted licorice               extract products available on the market. Licorice extracts available in the market are             mostly certified non-GMO, as consumers prefer non-modified ingredients in their         products. Consumers are demanding transparency about the products that they         consume, and want to know the sources of the various ingredients in their food             products                                                                                                                                Request A Sample of Licorice Extract Market –  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18 749 

  2. Nutritional Thrust through Innovative Ingredients Driving Global Demand  Consumer preferences are always changing over time, and demand changes with         ever-changing preferences. The inability to obtain products that fulfill these demands           leads to consumers switching to other brands. Thus, manufacturers feel the urge to             innovate their licorice extract products accordingly. This has led to manufacturers           stipulating high capital to set up R&D facilities that could cater to these changing               demands. Also, the competition between licorice extract manufacturers is very intense,           and innovation is the key to stand out in this market space. Licorice extract               manufacturers are trying to outperform their competitors in terms of sales and           geographical presence. As such, if manufacturers are unable to provide innovative and           high-quality products, the sales of the company would get affected.                                                                                                                          Explore Transparency Market Research’S Award-Winning Coverage of the Global Food  and Beverages Industry @  https://www.prnewswire.com/news-releases/aquafeed-additives-market-to-exhibit-5- cagr-to-reach-valuation-worth-us2-2-bn-by-2027-flourishing-aquaculture-domain-to- drive-growth-finds-tmr-301011577.html  Global Licorice Extract Market: Competitive Landscape  Some of the key players in the global 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, and Ransom Naturals Ltd.​, and others.                                          Request for Covid-19 Impact Analysis @  https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep _id=18749  About Us  Transparency Market Research is a global market intelligence company, providing           global business information reports and services. Our exclusive blend of quantitative           forecasting and trends analysis provides forward-looking insight for thousands of           decision makers. Our experienced team of Analysts, Researchers, and Consultants, use             proprietary data sources and various tools and techniques to gather, and analyze           information.                                                           Our data repository is continuously updated and revised by a team of research experts,           so that it always reflects the latest trends and information. With a broad research and                                                

  3.     analysis capability, Transparency Market Research employs rigorous primary and         secondary research techniques in developing distinctive data sets and research         material for business reports.                      Contact  Transparency Market Research,  90 State Street, Suite 700,  Albany, NY 12207  Tel: +1-518-618-1030  USA - Canada Toll Free: 866-552-3453  Email​: ​sales@transparencymarketresearch.com  Website​: ​https://www.transparencymarketresearch.com     

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