- In May 2024, Norevo GmbH introduced a new portfolio of organic licorice extracts to promote sustainable sourcing practices and meet the growing demand for clean-label solutions in the food and pharmaceutical industries. This development is expected to enhance Norevo's competitiveness in natural ingredient markets and support global sustainability efforts
- In March 2024, MAFCO Worldwide LLC invested in upgrading its extraction equipment to deliver higher-purity licorice extracts and comply with stringent pharmaceutical quality standards. This technological advancement will strengthen the company’s ability to meet evolving regulatory requirements and boost its presence in health-focused markets
- In January 2024, Zagros Licorice Co. entered a strategic partnership with an international confectionery manufacturer to supply tailored licorice extract solutions, consolidating its domestic market position. This partnership is likely to accelerate product innovation and increase Zagros Licorice Co.'s global market access in the confectionery segment.
