APO RESEARCH · REPORT
Licorice Extract
Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Product & engineering
Understand the product.
Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
Selected research
Industry Research
Licorice Extract Industry Research Report 2026
Market perspective
Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents.
Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.
Global Licorice Extract key players include Magnasweet, ASEH, Zagros Licorice, Sepidan Osareh, Norevo GmbH, etc. Global top five players hold a share about 25%.
Read the full market overview
Europe is the largest market, with a share about 20%, followed by China and Japan, having a total share about 25 percent.
In terms of product, Food Gradeis the largest segment, with a share about 55%. And in terms of application, the largest application is Food Industry, followed by Pharmaceutical Industry, Cosmetic Industry, etc.
Report Scope
This report quantifies the global Licorice Extract market in revenue (US$ million) and, where applicable, sales volume (MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Licorice Extract.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Licorice Extract Market by Company
Magnasweet
ASEH
Zagros Licorice
Sepidan Osareh
FandC Licorice
Norevo GmbH
Ransom Naturals
Maruzen Pharmaceuticals
MCFS
Aushadhi Herbal
Avestia Pharma
VPL Chemicals
Zelang
Changyue
Bokai
Licorice Extract Segment by Type
Pharmaceutical Grade
Food Grade
Feed Grade
Licorice Extract Segment by Application
Pharmaceutical
Food
Cosmetic
Others
Licorice Extract Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Licorice Extract market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Licorice Extract and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Licorice Extract.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Licorice Extract manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Licorice Extract by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Licorice Extract in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Pharmaceutical Grade
- Food Grade
- Feed Grade
Applications
- Pharmaceutical
- Food
- Cosmetic
- Others
Companies covered
- Magnasweet
- ASEH
- Zagros Licorice
- Sepidan Osareh
- FandC Licorice
- Norevo GmbH
- Ransom Naturals
- Maruzen Pharmaceuticals
- MCFS
- Aushadhi Herbal
- Avestia Pharma
- VPL Chemicals
- Zelang
- Changyue
- Bokai
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Licorice Extract by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Pharmaceutical Grade
- 2.2.3 Food Grade
- 2.2.4 Feed Grade
- 2.3 Licorice Extract by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Pharmaceutical
- 2.3.3 Food
- 2.3.4 Cosmetic
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Licorice Extract Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Licorice Extract Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Licorice Extract Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Licorice Extract Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Licorice Extract Production by Manufacturers (2021-2026)
- 3.2 Global Licorice Extract Production Value by Manufacturers (2021-2026)
- 3.3 Global Licorice Extract Average Price by Manufacturers (2021-2026)
- 3.4 Global Licorice Extract Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Licorice Extract Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Licorice Extract Manufacturers, Product Type & Application
- 3.7 Global Licorice Extract Manufacturers Established Date
- 3.8 Global Licorice Extract Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Magnasweet
- 4.1.1 Magnasweet Licorice Extract Company Information
- 4.1.2 Magnasweet Licorice Extract Business Overview
- 4.1.3 Magnasweet Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Magnasweet Product Portfolio
- 4.1.5 Magnasweet Recent Developments
- 4.2 ASEH
- 4.2.1 ASEH Licorice Extract Company Information
- 4.2.2 ASEH Licorice Extract Business Overview
- 4.2.3 ASEH Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 ASEH Product Portfolio
- 4.2.5 ASEH Recent Developments
- 4.3 Zagros Licorice
- 4.3.1 Zagros Licorice Licorice Extract Company Information
- 4.3.2 Zagros Licorice Licorice Extract Business Overview
- 4.3.3 Zagros Licorice Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Zagros Licorice Product Portfolio
- 4.3.5 Zagros Licorice Recent Developments
- 4.4 Sepidan Osareh
- 4.4.1 Sepidan Osareh Licorice Extract Company Information
- 4.4.2 Sepidan Osareh Licorice Extract Business Overview
- 4.4.3 Sepidan Osareh Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Sepidan Osareh Product Portfolio
- 4.4.5 Sepidan Osareh Recent Developments
- 4.5 FandC Licorice
- 4.5.1 FandC Licorice Licorice Extract Company Information
- 4.5.2 FandC Licorice Licorice Extract Business Overview
- 4.5.3 FandC Licorice Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 FandC Licorice Product Portfolio
- 4.5.5 FandC Licorice Recent Developments
- 4.6 Norevo GmbH
- 4.6.1 Norevo GmbH Licorice Extract Company Information
- 4.6.2 Norevo GmbH Licorice Extract Business Overview
- 4.6.3 Norevo GmbH Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 Norevo GmbH Product Portfolio
- 4.6.5 Norevo GmbH Recent Developments
- 4.7 Ransom Naturals
- 4.7.1 Ransom Naturals Licorice Extract Company Information
- 4.7.2 Ransom Naturals Licorice Extract Business Overview
- 4.7.3 Ransom Naturals Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Ransom Naturals Product Portfolio
- 4.7.5 Ransom Naturals Recent Developments
- 4.8 Maruzen Pharmaceuticals
- 4.8.1 Maruzen Pharmaceuticals Licorice Extract Company Information
- 4.8.2 Maruzen Pharmaceuticals Licorice Extract Business Overview
- 4.8.3 Maruzen Pharmaceuticals Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Maruzen Pharmaceuticals Product Portfolio
- 4.8.5 Maruzen Pharmaceuticals Recent Developments
- 4.9 MCFS
- 4.9.1 MCFS Licorice Extract Company Information
- 4.9.2 MCFS Licorice Extract Business Overview
- 4.9.3 MCFS Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 MCFS Product Portfolio
- 4.9.5 MCFS Recent Developments
- 4.10 Aushadhi Herbal
- 4.10.1 Aushadhi Herbal Licorice Extract Company Information
- 4.10.2 Aushadhi Herbal Licorice Extract Business Overview
- 4.10.3 Aushadhi Herbal Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Aushadhi Herbal Product Portfolio
- 4.10.5 Aushadhi Herbal Recent Developments
- 4.11 Avestia Pharma
- 4.11.1 Avestia Pharma Licorice Extract Company Information
- 4.11.2 Avestia Pharma Licorice Extract Business Overview
- 4.11.3 Avestia Pharma Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 Avestia Pharma Product Portfolio
- 4.11.5 Avestia Pharma Recent Developments
- 4.12 VPL Chemicals
- 4.12.1 VPL Chemicals Licorice Extract Company Information
- 4.12.2 VPL Chemicals Licorice Extract Business Overview
- 4.12.3 VPL Chemicals Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 VPL Chemicals Product Portfolio
- 4.12.5 VPL Chemicals Recent Developments
- 4.13 Zelang
- 4.13.1 Zelang Licorice Extract Company Information
- 4.13.2 Zelang Licorice Extract Business Overview
- 4.13.3 Zelang Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 Zelang Product Portfolio
- 4.13.5 Zelang Recent Developments
- 4.14 Changyue
- 4.14.1 Changyue Licorice Extract Company Information
- 4.14.2 Changyue Licorice Extract Business Overview
- 4.14.3 Changyue Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 Changyue Product Portfolio
- 4.14.5 Changyue Recent Developments
- 4.15 Bokai
- 4.15.1 Bokai Licorice Extract Company Information
- 4.15.2 Bokai Licorice Extract Business Overview
- 4.15.3 Bokai Licorice Extract Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Bokai Product Portfolio
- 4.15.5 Bokai Recent Developments
5 Global Licorice Extract Production by Region
- 5.1 Global Licorice Extract Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Licorice Extract Production by Region: 2021-2032
- 5.2.1 Global Licorice Extract Production by Region: 2021-2026
- 5.2.2 Global Licorice Extract Production Forecast by Region (2027-2032)
- 5.3 Global Licorice Extract Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Licorice Extract Production Value by Region: 2021-2032
- 5.4.1 Global Licorice Extract Production Value by Region: 2021-2026
- 5.4.2 Global Licorice Extract Production Value Forecast by Region (2027-2032)
- 5.5 Global Licorice Extract Market Price Analysis by Region (2021-2026)
- 5.6 Global Licorice Extract Production and Value, YOY Growth
- 5.6.1 North America Licorice Extract Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Licorice Extract Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Licorice Extract Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Licorice Extract Production Value Estimates and Forecasts (2021-2032)
6 Global Licorice Extract Consumption by Region
- 6.1 Global Licorice Extract Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Licorice Extract Consumption by Region (2021-2032)
- 6.2.1 Global Licorice Extract Consumption by Region: 2021-2026
- 6.2.2 Global Licorice Extract Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Licorice Extract Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Licorice Extract Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Licorice Extract Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Licorice Extract Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Licorice Extract Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Licorice Extract Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Licorice Extract Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Licorice Extract Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Licorice Extract Production by Type (2021-2032)
- 7.1.1 Global Licorice Extract Production by Type (2021-2032) & (MT)
- 7.1.2 Global Licorice Extract Production Market Share by Type (2021-2032)
- 7.2 Global Licorice Extract Production Value by Type (2021-2032)
- 7.2.1 Global Licorice Extract Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Licorice Extract Production Value Market Share by Type (2021-2032)
- 7.3 Global Licorice Extract Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Licorice Extract Production by Application (2021-2032)
- 8.1.1 Global Licorice Extract Production by Application (2021-2032) & (MT)
- 8.1.2 Global Licorice Extract Production Market Share by Application (2021-2032)
- 8.2 Global Licorice Extract Production Value by Application (2021-2032)
- 8.2.1 Global Licorice Extract Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Licorice Extract Production Value Market Share by Application (2021-2032)
- 8.3 Global Licorice Extract Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Licorice Extract Value Chain Analysis
- 9.1.1 Licorice Extract Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Licorice Extract Production Mode & Process
- 9.2 Licorice Extract Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Licorice Extract Distributors
- 9.2.3 Licorice Extract Customers
10 Global Licorice Extract Analyzing Market Dynamics
- 10.1 Licorice Extract Industry Trends
- 10.2 Licorice Extract Industry Drivers
- 10.3 Licorice Extract Industry Opportunities and Challenges
- 10.4 Licorice Extract Industry Restraints
11 Report Conclusion
12 Disclaimer
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