Rising demand for plant based sweeteners, increasing demand for the uptake of natural ingredients in medical products and awareness about sugar free products and health fitness among the consumers are the major factors propelling the market growth.
- Advertising -
Global Licorice Extract market is expected to grow from $1650.25 million in 2016 to reach $2378.95 million by 2023 with a CAGR of 5.3%.
The key players in the market are currently focusing on various research and development activities to develop new products in order to meet the demand for sugar-free products. The market has huge opportunities with the implementation of herbal medicines in developed economies.
- Advertising -
Get a PDF sample of this report @ www.orbisresearch.com/contacts/request-sample/454509 .
By application, the pharmaceutical segment holds the largest revenue owing to its medicinal benefits such as prevention of cancer. In addition, rising applications of licorice extracts in pharmaceuticals is expected to increase the growth of this segment.
Food and Beverages is the fastest growing segment and is expected to remain the same in upcoming years.
Geographically, Europe holds the largest market share owing to shift in consumer preferences towards consumption of natural and plant based ingredients. Licorice extract in European countries is used to produce Mono Ammonium Glycyrrhizinate (MAG), a masking agent used in products sweetened by Stevie which is further expected to support the market growth in this region.
Germany is the largest importer of licorice extracts followed by U.K and Italy.
Some of the key players in the licorice extract market are Mafco Worldwide LLC, Norevo GmbH, ASEH Licorice MFG & Exp. Co, Zagros Licorice Co, F&C Licorice Ltd, Zelang Group, Aushadhi Herba, VPL Chemicals PVT Ltd, Ransom Naturals Ltd, Alfarid Corporation, SepidanOsareh Co, Bioland, Maruzen Pharmaceuticals Co. Ltd and Nutra Green.
Browse the full report @ www.orbisresearch.com/reports/inde…tlook-2017-2023 .
Grades Covered: Food Grade Pharmaceutical Grade Feed Grade
Products Covered: Flavonoids Glycyrrhizin Glycyrrhizinate
Forms Covered: Semi-Fluid/Liquid Block Powder
Applications Covered: Tobacco Pharmaceutical Cosmetics Food and Beverage Other Applications
Regions Covered: North America
Rest of Europe Asia Pacific
Rest of Asia Pacific South America
Rest of South America Middle East & Africa
Rest of Middle East & Africa
Make an Enquire @ www.orbisresearch.com/contacts/enq…e-buying/454509 .
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Category: Market Research Publishers and RetailersCompany profile: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have a vast database of reports from the leading publishers and authors across the gl obe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their need, and we produce the perfect requi ...
For more information: