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Licorice Root Industry Research Report 2026
Market perspective
The global Licorice Root market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Licorice Root is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Licorice Root is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Licorice Root is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Licorice Root include Norevo, Mafco Worldwide, F&C Licorice, Zagros Licorice, Sepidan Osareh, VPL Chemicals, ASEH Licorice, Zelang, Maruzen Pharmaceuticals and Ransom Naturals, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Licorice Root market in terms of revenue (US$ million) and, where applicable, sales volume (t), 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$/t) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for brand owners, manufacturers, retailers, channel partners, and investors; data are structured with consistent units and fields to facilitate integration into internal FP&A and BI systems.
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 Root Market by Company
Norevo
Mafco Worldwide
F&C Licorice
Zagros Licorice
Sepidan Osareh
VPL Chemicals
ASEH Licorice
Zelang, Maruzen Pharmaceuticals
Ransom Naturals
Licorice Root Segment by Type
Roots
Extracts
Licorice Root Segment by Application
Food & Beverage Industry
Tobacco Industry
Pharmaceutical Industry
Cosmetic Industry
Dietary Supplements
Licorice Root 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 Root 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 Root 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 Root.
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 Root 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 Root 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 Root 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
- Roots
- Extracts
Applications
- Food & Beverage Industry
- Tobacco Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Dietary Supplements
Companies covered
- Norevo
- Mafco Worldwide
- F&C Licorice
- Zagros Licorice
- Sepidan Osareh
- VPL Chemicals
- ASEH Licorice
- Zelang, Maruzen Pharmaceuticals
- Ransom Naturals
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 Global Market Growth Prospects
- 2.2.1 Global Licorice Root Market Size (2021-2032)
- 2.2.2 Global Licorice Root Sales (2021-2032)
- 2.2.3 Global Licorice Root Market Average Price (2021-2032)
- 2.3 Licorice Root by Type
- 2.3.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Roots
- 2.3.3 Extracts
- 2.4 Licorice Root by Application
- 2.4.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.4.2 Food & Beverage Industry
- 2.4.3 Tobacco Industry
- 2.4.4 Pharmaceutical Industry
- 2.4.5 Cosmetic Industry
- 2.4.6 Dietary Supplements
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Licorice Root Market Competitive Situation by Manufacturers (2021 Versus 2025)
- 3.2 Global Licorice Root Sales (t) of Manufacturers (2021-2026)
- 3.3 Global Licorice Root Revenue of Manufacturers (2021-2026)
- 3.4 Global Licorice Root Average Price by Manufacturers (2021-2026)
- 3.5 Global Licorice Root Industry Ranking, 2024 VS 2025 VS 2026
- 3.6 Global Manufacturers of Licorice Root, Manufacturing Sites & Headquarters
- 3.7 Global Manufacturers of Licorice Root, Product Type & Application
- 3.8 Global Manufacturers of Licorice Root, Established Date
- 3.9 Global Licorice Root Market CR5 and HHI
- 3.10 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Norevo
- 4.1.1 Norevo Company Information
- 4.1.2 Norevo Business Overview
- 4.1.3 Norevo Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.1.4 Norevo Licorice Root Product Portfolio
- 4.1.5 Norevo Recent Developments
- 4.2 Mafco Worldwide
- 4.2.1 Mafco Worldwide Company Information
- 4.2.2 Mafco Worldwide Business Overview
- 4.2.3 Mafco Worldwide Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.2.4 Mafco Worldwide Licorice Root Product Portfolio
- 4.2.5 Mafco Worldwide Recent Developments
- 4.3 F&C Licorice
- 4.3.1 F&C Licorice Company Information
- 4.3.2 F&C Licorice Business Overview
- 4.3.3 F&C Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.3.4 F&C Licorice Licorice Root Product Portfolio
- 4.3.5 F&C Licorice Recent Developments
- 4.4 Zagros Licorice
- 4.4.1 Zagros Licorice Company Information
- 4.4.2 Zagros Licorice Business Overview
- 4.4.3 Zagros Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.4.4 Zagros Licorice Licorice Root Product Portfolio
- 4.4.5 Zagros Licorice Recent Developments
- 4.5 Sepidan Osareh
- 4.5.1 Sepidan Osareh Company Information
- 4.5.2 Sepidan Osareh Business Overview
- 4.5.3 Sepidan Osareh Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.5.4 Sepidan Osareh Licorice Root Product Portfolio
- 4.5.5 Sepidan Osareh Recent Developments
- 4.6 VPL Chemicals
- 4.6.1 VPL Chemicals Company Information
- 4.6.2 VPL Chemicals Business Overview
- 4.6.3 VPL Chemicals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.6.4 VPL Chemicals Licorice Root Product Portfolio
- 4.6.5 VPL Chemicals Recent Developments
- 4.7 ASEH Licorice
- 4.7.1 ASEH Licorice Company Information
- 4.7.2 ASEH Licorice Business Overview
- 4.7.3 ASEH Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.7.4 ASEH Licorice Licorice Root Product Portfolio
- 4.7.5 ASEH Licorice Recent Developments
- 4.8 Zelang, Maruzen Pharmaceuticals
- 4.8.1 Zelang, Maruzen Pharmaceuticals Company Information
- 4.8.2 Zelang, Maruzen Pharmaceuticals Business Overview
- 4.8.3 Zelang, Maruzen Pharmaceuticals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.8.4 Zelang, Maruzen Pharmaceuticals Licorice Root Product Portfolio
- 4.8.5 Zelang, Maruzen Pharmaceuticals Recent Developments
- 4.9 Ransom Naturals
- 4.9.1 Ransom Naturals Company Information
- 4.9.2 Ransom Naturals Business Overview
- 4.9.3 Ransom Naturals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 4.9.4 Ransom Naturals Licorice Root Product Portfolio
- 4.9.5 Ransom Naturals Recent Developments
5 Global Licorice Root Market Scenario by Region
- 5.1 Global Licorice Root Market Size by Region: 2021 VS 2025 VS 2032
- 5.2 Global Licorice Root Sales by Region: 2021-2032
- 5.2.1 Global Licorice Root Sales by Region: 2021-2026
- 5.2.2 Global Licorice Root Sales by Region: 2027-2032
- 5.3 Global Licorice Root Revenue by Region: 2021-2032
- 5.3.1 Global Licorice Root Revenue by Region: 2021-2026
- 5.3.2 Global Licorice Root Revenue by Region: 2027-2032
- 5.4 North America Licorice Root Market Facts & Figures by Country
- 5.4.1 North America Licorice Root Market Size by Country: 2021 VS 2025 VS 2032
- 5.4.2 North America Licorice Root Sales by Country (2021-2032)
- 5.4.3 North America Licorice Root Revenue by Country (2021-2032)
- 5.4.4 United States
- 5.4.5 Canada
- 5.4.6 Mexico
- 5.5 Europe Licorice Root Market Facts & Figures by Country
- 5.5.1 Europe Licorice Root Market Size by Country: 2021 VS 2025 VS 2032
- 5.5.2 Europe Licorice Root Sales by Country (2021-2032)
- 5.5.3 Europe Licorice Root Revenue by Country (2021-2032)
- 5.5.4 Germany
- 5.5.5 France
- 5.5.6 U.K.
- 5.5.7 Italy
- 5.5.8 Russia
- 5.5.9 Spain
- 5.5.10 Netherlands
- 5.5.11 Switzerland
- 5.5.12 Sweden
- 5.5.13 Poland
- 5.6 Asia Pacific Licorice Root Market Facts & Figures by Country
- 5.6.1 Asia Pacific Licorice Root Market Size by Country: 2021 VS 2025 VS 2032
- 5.6.2 Asia Pacific Licorice Root Sales by Country (2021-2032)
- 5.6.3 Asia Pacific Licorice Root Revenue by Country (2021-2032)
- 5.6.4 China
- 5.6.5 Japan
- 5.6.6 South Korea
- 5.6.7 India
- 5.6.8 Australia
- 5.6.9 Taiwan
- 5.6.10 Southeast Asia
- 5.7 South America Licorice Root Market Facts & Figures by Country
- 5.7.1 South America Licorice Root Market Size by Country: 2021 VS 2025 VS 2032
- 5.7.2 South America Licorice Root Sales by Country (2021-2032)
- 5.7.3 South America Licorice Root Revenue by Country (2021-2032)
- 5.7.4 Brazil
- 5.7.5 Argentina
- 5.7.6 Chile
- 5.8 Middle East and Africa Licorice Root Market Facts & Figures by Country
- 5.8.1 Middle East and Africa Licorice Root Market Size by Country: 2021 VS 2025 VS 2032
- 5.8.2 Middle East and Africa Licorice Root Sales by Country (2021-2032)
- 5.8.3 Middle East and Africa Licorice Root Revenue by Country (2021-2032)
- 5.8.4 Egypt
- 5.8.5 South Africa
- 5.8.6 Israel
- 5.8.7 Türkiye
- 5.8.8 GCC Countries
6 Segment by Type
- 6.1 Global Licorice Root Sales by Type (2021-2032)
- 6.1.1 Global Licorice Root Sales by Type (2021-2032) & (t)
- 6.1.2 Global Licorice Root Sales Market Share by Type (2021-2032)
- 6.2 Global Licorice Root Revenue by Type (2021-2032)
- 6.2.1 Global Licorice Root Sales by Type (2021-2032) & (US$ Million)
- 6.2.2 Global Licorice Root Revenue Market Share by Type (2021-2032)
- 6.3 Global Licorice Root Price by Type (2021-2032)
7 Segment by Application
- 7.1 Global Licorice Root Sales by Application (2021-2032)
- 7.1.1 Global Licorice Root Sales by Application (2021-2032) & (t)
- 7.1.2 Global Licorice Root Sales Market Share by Application (2021-2032)
- 7.2 Global Licorice Root Revenue by Application (2021-2032)
- 7.2.1 Global Licorice Root Sales by Application (2021-2032) & (US$ Million)
- 7.2.2 Global Licorice Root Revenue Market Share by Application (2021-2032)
- 7.3 Global Licorice Root Price by Application (2021-2032)
8 Value Chain and Sales Channels Analysis of the Market
- 8.1 Licorice Root Value Chain Analysis
- 8.1.1 Licorice Root Key Raw Materials
- 8.1.2 Raw Materials Key Suppliers
- 8.1.3 Licorice Root Production Mode & Process
- 8.2 Licorice Root Sales Channels Analysis
- 8.2.1 Direct Comparison with Distribution Share
- 8.2.2 Licorice Root Distributors
- 8.2.3 Licorice Root Customers
9 Global Licorice Root Analyzing Market Dynamics
- 9.1 Licorice Root Industry Trends
- 9.2 Licorice Root Industry Drivers
- 9.3 Licorice Root Industry Opportunities and Challenges
- 9.4 Licorice Root Industry Restraints
10 Report Conclusion
11 Disclaimer
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