Global Licorice Root Market is Growing Due to the Rising Usages in Candy and Beverage Manufacturing

Licorice Root Market is estimated to grow at 5.0% for 2020-2027 with factors such as stringent government regulations along with muscle weakness with rising consumption which will hinder the growth of the market in emerging economies.

Licorice root market has shown an exceptional penetration in developed economies in North America. Rising usages of product in nonchemical medications which will help in driving the growth of the market.

Licorice Root Market Scenario

According to Data Bridge Market Research the licorice root market is witnessing a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as rising demand from pharmaceutical sector, rising health awareness among the people, rising number of research and development activities and technological advancement which will help in boosting the growth of the market.

Now the question is which are the other regions that licorice root market is targeting? Data Bridge Market Research has estimated a large growth in Europe licorice root market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the licorice root market.

For more analysis on the licorice root market request for a briefing with our analysts

Licorice Root Market Development in 2019

  • In December 2019, OZiva announced the launch of Matcha Plus in their nutrition brand product portfolio which contains organic blends of licorice, organic Japanese matcha, ginger root, activated charcoal to heal skin related disorders.

Scope of the Licorice Root Market

Licorice root market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the licorice root market is further analyzed based on maximum granularity into further segmentation. On the basis of product form, the market is segmented into roots and extracts. Based on product type, the market is segmented into essential oils, liquid malt extract, oleoresins, herbs & spices dry malt extract, and malt flour. Based on function type, the market is segmented into performance enhancers and palatability enhancers. Based on grade type, the market is segmented into standard malt, caramelized malt, and roasted malt. Based on raw material type, the market is segmented into maize, barley, wheat, rice, rye, and oat. Based on ingredient type, the market is segmented into lipids, protein, polysaccharide, and others. The end-user covered for the report are food & beverage industry, tobacco industry, pharmaceutical industry, cosmetic industry, and dietary supplement.
  • Licorice root is a type of root derived from glycyrrhiza glabr’s root which provide sweet flavor that can be used in various candies as sweetening agent and demanded in confectionery and tobacco industries.

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Key Pointers Covered in the Licorice Root Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Iran Medical Herb.
  • Fanavaran-e-Tosee Sanat-e-Gharb
  • Glycyrrhiza Glabra Co, Ltd.
  • Naturex SA
  • Green Agro Invest LLC
  • Hepner & Eschenbrenner GmbH & Co. KG
  • Nutra Green Biotechnology Co., Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of Licorice Root companies contact us

Research Methodology: Global Licorice Root Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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