Selected research
Industry Growth & Trends
Global Licorice Root Industry Growth and Trends Forecast to 2032
Market perspective
The global Licorice Root market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% 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 increase 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 projected to increase 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 provides a structured, data-driven view of the global Licorice Root market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Licorice Root market size, estimates, and forecasts are presented in terms of sales volume (t) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Licorice Root market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Licorice Root.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Licorice Root market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Licorice Root manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Licorice Root in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Licorice Root Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Licorice Root Sales Estimates and Forecasts (2021-2032)
- 1.3 Licorice Root Market by Type
- 1.3.1 Roots
- 1.3.2 Extracts
- 1.4 Global Licorice Root Market Size by Type
- 1.4.1 Global Licorice Root Market Size Overview by Type (2021-2032)
- 1.4.2 Global Licorice Root Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Licorice Root Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Licorice Root Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Licorice Root Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Licorice Root Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Licorice Root Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Licorice Root Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Licorice Root Industry Trends
- 2.2 Licorice Root Industry Drivers
- 2.3 Licorice Root Industry Opportunities and Challenges
- 2.4 Licorice Root Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Licorice Root Revenue (2021-2026)
- 3.2 Global Top Players by Licorice Root Sales (2021-2026)
- 3.3 Global Top Players by Licorice Root Price (2021-2026)
- 3.4 Global Licorice Root Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Licorice Root Major Company Production Sites & Headquarters
- 3.6 Global Licorice Root Company, Product Type & Application
- 3.7 Global Licorice Root Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Licorice Root Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Licorice Root Players Market Share by Revenue in 2025
- 3.8.3 2025 Licorice Root Tier 1, Tier 2, and Tier 3
4 Licorice Root Regional Status and Outlook
- 4.1 Global Licorice Root Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Licorice Root Historic Market Size by Region
- 4.2.1 Global Licorice Root Sales in Volume by Region (2021-2026)
- 4.2.2 Global Licorice Root Sales in Value by Region (2021-2026)
- 4.2.3 Global Licorice Root Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Licorice Root Forecasted Market Size by Region
- 4.3.1 Global Licorice Root Sales in Volume by Region (2027-2032)
- 4.3.2 Global Licorice Root Sales in Value by Region (2027-2032)
- 4.3.3 Global Licorice Root Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Licorice Root by Application
- 5.1 Licorice Root Market by Application
- 5.1.1 Food & Beverage Industry
- 5.1.2 Tobacco Industry
- 5.1.3 Pharmaceutical Industry
- 5.1.4 Cosmetic Industry
- 5.1.5 Dietary Supplements
- 5.2 Global Licorice Root Market Size by Application
- 5.2.1 Global Licorice Root Market Size Overview by Application (2021-2032)
- 5.2.2 Global Licorice Root Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Licorice Root Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Licorice Root Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Licorice Root Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Licorice Root Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Licorice Root Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Licorice Root Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Norevo
- 6.1.1 Norevo Company Information
- 6.1.2 Norevo Business Overview
- 6.1.3 Norevo Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Norevo Licorice Root Product Portfolio
- 6.1.5 Norevo Recent Developments
- 6.2 Mafco Worldwide
- 6.2.1 Mafco Worldwide Company Information
- 6.2.2 Mafco Worldwide Business Overview
- 6.2.3 Mafco Worldwide Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Mafco Worldwide Licorice Root Product Portfolio
- 6.2.5 Mafco Worldwide Recent Developments
- 6.3 F&C Licorice
- 6.3.1 F&C Licorice Company Information
- 6.3.2 F&C Licorice Business Overview
- 6.3.3 F&C Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 F&C Licorice Licorice Root Product Portfolio
- 6.3.5 F&C Licorice Recent Developments
- 6.4 Zagros Licorice
- 6.4.1 Zagros Licorice Company Information
- 6.4.2 Zagros Licorice Business Overview
- 6.4.3 Zagros Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Zagros Licorice Licorice Root Product Portfolio
- 6.4.5 Zagros Licorice Recent Developments
- 6.5 Sepidan Osareh
- 6.5.1 Sepidan Osareh Company Information
- 6.5.2 Sepidan Osareh Business Overview
- 6.5.3 Sepidan Osareh Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Sepidan Osareh Licorice Root Product Portfolio
- 6.5.5 Sepidan Osareh Recent Developments
- 6.6 VPL Chemicals
- 6.6.1 VPL Chemicals Company Information
- 6.6.2 VPL Chemicals Business Overview
- 6.6.3 VPL Chemicals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 VPL Chemicals Licorice Root Product Portfolio
- 6.6.5 VPL Chemicals Recent Developments
- 6.7 ASEH Licorice
- 6.7.1 ASEH Licorice Company Information
- 6.7.2 ASEH Licorice Business Overview
- 6.7.3 ASEH Licorice Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 ASEH Licorice Licorice Root Product Portfolio
- 6.7.5 ASEH Licorice Recent Developments
- 6.8 Zelang, Maruzen Pharmaceuticals
- 6.8.1 Zelang, Maruzen Pharmaceuticals Company Information
- 6.8.2 Zelang, Maruzen Pharmaceuticals Business Overview
- 6.8.3 Zelang, Maruzen Pharmaceuticals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Zelang, Maruzen Pharmaceuticals Licorice Root Product Portfolio
- 6.8.5 Zelang, Maruzen Pharmaceuticals Recent Developments
- 6.9 Ransom Naturals
- 6.9.1 Ransom Naturals Company Information
- 6.9.2 Ransom Naturals Business Overview
- 6.9.3 Ransom Naturals Licorice Root Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Ransom Naturals Licorice Root Product Portfolio
- 6.9.5 Ransom Naturals Recent Developments
7 North America by Country
- 7.1 North America Licorice Root Sales by Country
- 7.1.1 North America Licorice Root Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Licorice Root Sales by Country (2021-2026)
- 7.1.3 North America Licorice Root Sales Forecast by Country (2027-2032)
- 7.2 North America Licorice Root Market Size by Country
- 7.2.1 North America Licorice Root Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Licorice Root Market Size by Country (2021-2026)
- 7.2.3 North America Licorice Root Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Licorice Root Sales by Country
- 8.1.1 Europe Licorice Root Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Licorice Root Sales by Country (2021-2026)
- 8.1.3 Europe Licorice Root Sales Forecast by Country (2027-2032)
- 8.2 Europe Licorice Root Market Size by Country
- 8.2.1 Europe Licorice Root Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Licorice Root Market Size by Country (2021-2026)
- 8.2.3 Europe Licorice Root Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Licorice Root Sales by Country
- 9.1.1 Asia-Pacific Licorice Root Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Licorice Root Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Licorice Root Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Licorice Root Market Size by Country
- 9.2.1 Asia-Pacific Licorice Root Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Licorice Root Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Licorice Root Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Licorice Root Sales by Country
- 10.1.1 South America Licorice Root Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Licorice Root Sales by Country (2021-2026)
- 10.1.3 South America Licorice Root Sales Forecast by Country (2027-2032)
- 10.2 South America Licorice Root Market Size by Country
- 10.2.1 South America Licorice Root Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Licorice Root Market Size by Country (2021-2026)
- 10.2.3 South America Licorice Root Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Licorice Root Sales by Country
- 11.1.1 Middle East and Africa Licorice Root Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Licorice Root Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Licorice Root Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Licorice Root Market Size by Country
- 11.2.1 Middle East and Africa Licorice Root Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Licorice Root Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Licorice Root Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Licorice Root Value Chain Analysis
- 12.1.1 Licorice Root Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Licorice Root Production Mode & Process
- 12.2 Licorice Root Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Licorice Root Distributors
- 12.2.3 Licorice Root Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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