Natural Liquorice Extract Market
The market for Natural Liquorice Extract was estimated at $1.1 billion in 2024; it is anticipated to increase to $1.6 billion by 2030, with projections indicating growth to around $2.2 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Natural Liquorice Extract Market Outlook
Revenue, 2024
$1.1B
Forecast, 2034
$2.1B
CAGR, 2025 - 2034
7.1%
The Natural Liquorice Extract industry revenue is expected to be around $1.1 billion in 2025 and expected to showcase growth with 7.1% CAGR between 2025 and 2034. The increasing popularity of Natural Liquorice Extract in industries such as food & beverages cosmetics and pharmaceutical sector can be largely attributed to its rising demand due to the preference for natural ingredients and clean label products by more than half of the global population. The undeniable importance of Natural Liquorice Extract in the consumer market is evident with emerging studies highlighting its health effects and the continuous appeal of its unique taste profile. These factors have significantly contributed to the demand for Natural Liquorice Extract and its relevance, in the market.
The Natural Liquorice Extract stands out not only for its delightful flavor but also for its abundance of beneficial active compounds like glycyrrhizin that provide significant health advantages. Its diverse applications include serving as a sweetener in the food and beverage industry and playing a crucial role in skincare and haircare formulations, for cosmetics companies; moreover it is valued in pharmaceutical circles for its anti inflammatory and immune enhancing properties as a holistic treatment option.
Market Key Insights
- The Natural Liquorice Extract market is projected to grow from $1.1 billion in 2024 to $2.1 billion in 2034. This represents a CAGR of 7.1%, reflecting rising demand across Pharmaceutical Uses, Food & Beverage Industry and Cosmetic Industry.
- Fragola NL, Amoretti, Vitality Extracts are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Natural Liquorice Extract market and are expected to observe the growth CAGR of 4.6% to 6.8% between 2024 and 2030.
- Emerging markets including Indonesia, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 9.8%.
- Transition like The Drive Toward Natural Sweeteners has greater influence in U.S. and China market's value chain; and is expected to add $144 million of additional value to Natural Liquorice Extract industry revenue by 2030.
- The Natural Liquorice Extract market is set to add $1.0 billion between 2024 and 2034, with manufacturer targeting Pharmaceutical & Cosmetic Applications projected to gain a larger market share.
- With
increased adoption in food and beverage industry, and
growing demand in pharmaceutical sector, Natural Liquorice Extract market to expand 99% between 2024 and 2034.
Opportunities in the Natural Liquorice Extract
The continuous advancements in the food and beverage sector open up opportunities for introducing Natural Liquorice Extract in product creations. The appealing sweet taste it brings could enhance a range of food items and drinks by serving as a natural flavor enhancer or sweetening agent. It has also the potential to introduce a flavor profile that aligns with consumers preference for natural components, in their culinary choices.
Growth Opportunities in North America and Asia Pacific
In North America the growing trend towards health awareness has resulted in a need for natural liquorice extract. Both the U. S and Canada show growth in the health and wellness industries making them promising markets for wholesome ingredients such as liquorice extract. The rising desire, for dietary supplements has also boosted the utilization of natural liquorice extract in this region. Additionally the cosmetic industry in North America is seeing a growing interest in ingredients with liquorice extract standing out for its ability to soothe the skin. However facing competition from synthetic substitutes is a major hurdle in this region. Important factors driving the market include a growing health and wellness sector, a rising preference for dietary supplements and advancements, in the cosmetic industry.
The Asia Pacific region stands out as a market for natural liquorice extract due to its long standing presence in the culinary and healing traditions of various Asian nations. China holds a role in both production and consumption of liquorice extract within the region. Moreover the increasing demand for natural health supplements in places like India, Japan and Korea is further fuelin the growth of the liquorice extract market, in this areaIn the beauty sector of the market industry in Southeast Asia is witnessing an interest, in skincare products that focus on skin brightening and anti age properties powered by liquorice extract usage despite facing tough competition from conventional herbal remedies and treatments.
Market Dynamics and Supply Chain
01
Driver: Increased Adoption in Food and Beverage Industry, and Emergence in the Cosmetic Industry
The food and beverage sectors inclination towards using elements has also led to a rise in the utilization of Natural Liquorice Extract due to its reputation for enhancing sweetness and flavor in various products like candies and beverages along with savory dishes as well; thereby establishing itself as a significant player, in the market. The beauty and personal care industry's relentless quest for natural and effective ingredients have also paved the way for Natural Liquorice Extract. Leveraging its skin brightening and anti-aging properties, the extract is also being heavily incorporated into skincare and haircare products, pushing the markets growth trajectory upwards.
The pharmaceutical sector has also acknowledged the healing properties of Licorice root extract in treating conditions such as gastric ulcers and liver diseases due, to its anti inflammatory and antioxidant qualities.
02
Restraint: Intense Competition from Synthetic Substitutes
The market potential of natural liquorice extract seems to be limited by the competition from artificial substitutes as technology advances further favor chemically produced extracts for their cost efficiency and consistent availability, over natural ones despite lacking the overall benefits of the latter option.
03
Opportunity: Harnessing Health and Wellness Market and Expanding Reach through Strategic Collaborations
The demand for holistic remedies has increased notably in recent times and when utilized effectively. This opens up a promising market for Natural Liquorice Extracts that are extracted from the roots of the liquorice plant due to their healing properties being well recognized by many consumers today. Capitalizing on the health and wellness trend could greatly boost its standing in the market as there are various potential uses, for these extracts including as dietary supplements or infused in herbal teas.
By forming partnerships with businesses in various industries, like beauty products, medicine manufacturing, and food and drinks, Natural Liquorice Extracts influence could see notable growth. Such collaborations enable companies to integrate liquorice into diverse product formulations, boosting its market visibility and functional value. Joint ventures also support innovation in flavoring, herbal remedies, and skincare applications. As demand for natural ingredients rises, cross-industry alliances strengthen supply chains, enhance product development, and open new commercial opportunities for Natural Liquorice Extracts.
04
Challenge: Regulatory Challenges
Another obstacle potentially disrupting the industry growth is the stringent regulatory landscape for natural herbs and extracts like liquorice. Various regional and international health organizations impose rigorous standards for such products to ensure safety and efficacy, which often translates into a lengthy and costly approval process for firms involved. For instance, under some jurisdictions, liquorice extract deemed to offer therapeutic benefits are classified as a drug rather than a dietary supplement.
Supply Chain Landscape
1
Raw Material Acquisition
GS DunnParameswaran & Sons
2
Processing
Norevo GmbHF&C Licorice Ltd
3
Distribution
Ashok & Co. Pan Bahar LtdMartin Bauer Group
4
End-Use
ConfectioneryPharmaceuticalFood and Beverage
1
Raw Material Acquisition
GS DunnParameswaran & Sons
2
Processing
Norevo GmbHF&C Licorice Ltd
3
Distribution
Ashok & Co. Pan Bahar LtdMartin Bauer Group
4
End-Use
ConfectioneryPharmaceuticalFood and Beverage
Use Cases of Natural Liquorice Extract in Pharmaceutical Uses & Food & Beverage Industry
Pharmaceutical Uses : Natural Liquorice Extract serves as a key ingredient in several pharmaceutical products due to its potent anti-inflammatory and immune-boosting properties. Typically, concentrated forms of the extract are utilized in this industry for their high glycyrrhizin content, a compound known to aid in liver function and digestion. Major players like GlaxoSmithKline and Pfizer use natural liquorice extracts innovatively in their cough medicines and digestive supplements, owing to its attributes and their strong market presence.
Cosmetic Industry : In the cosmetic industry, natural liquorice extract, particularly its deglycyrrhizinated variant, finds extensive use due to its skin-lightening and anti-aging properties. It is primarily incorporated into skin care products including creams, serums and masks to enhance skin health and vitality. Esteemed beauty brands such as LOral and Estee Lauder heavily incorporate it into their product line, leveraging its benefits to sustain their top-tier market positioning.
Food & Beverage Industry : The food and beverage market is another primary consumer of natural liquorice extract. It offers value, especially in liquors and confectionery items, by providing a distinct flavor. The extract used in this segment is usually less potent, focusing more on its taste profile rather than health benefits. Companies like Hersheys and Diageo have successfully employed the extract in their products, capitalizing on its unique taste to bolster their market position.
Recent Developments
In the panorama of recent market progressions, Natural Liquorice Extract has started to take centre stage due to its numerous health benefits and extensive applications in the food and beverage industry, pharmaceutical field, and skincare products. This botanical extract, derived from the sweet root of the liquorice plant, is witnessing heightened demand, a trend that is projected to grow in the coming years.
December 2024 : NaturaSweeets, a prominent player in the market, announced the launch of a new line of beverages infused with natural liquorice extract, aimed at the growing health-conscious demographic
October 2024 : BioExtracts Pty Ltd. received approval for its patented extraction technology that ensures a higher concentration of Glycyrrhizin in natural liquorice extracts
July 2024 : HerbalHeal Co., a leading manufacturer, announced an investment of $50 million into research and development focused on expanding the therapeutic applications of natural Liquorice extract.
Impact of Industry Transitions on the Natural Liquorice Extract Market
As a core segment of the Nutraceuticals industry,
the Natural Liquorice Extract market develops in line with broader industry shifts.
Over recent years, transitions such as The Drive Toward Natural Sweeteners and Technological Advancements in Extraction have redefined priorities
across the Nutraceuticals sector,
influencing how the Natural Liquorice Extract market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
The Drive Toward Natural Sweeteners
The growing emphasis on health and well being within consumer circles is leading to shifts across sectors. The consumption pattern is shifting away from sweeteners towards Natural Liquorice Extract as a favored substitute for many individuals due to its appealing natural sweetness levels. This shift has led to an increased demand for this extract in the food and beverage sector. Moreover this trend has had an effect, on the pharmaceutical industry owing to the extracts recognized medicinal qualities. These evolving patterns underscore how consumer preferences can drive the market growth of natural liquorice extract effectively.
02
Technological Advancements in Extraction
Advanced technologies are redefining the processing and production of natural liquorice extract. The inclusion of sophisticated extraction techniques is ensuring a more potent yield that preserves the benefits and flavour of the raw material. This is particularly noticeable within the cosmetic industry, where the demand for high-quality natural ingredients, such as natural liquorice extract, is continually rising. With the integration of these advancements, producers can offer products with enhanced attributes, ultimately leading to industry growth.