Licorice Extract Powder Market size was valued at USD 890 million in 2024. The market is projected to grow from USD 905 million in 2025 to USD 960 million by 2032, exhibiting a CAGR of 1.2% during the forecast period.
Licorice extract powder is derived from Glycyrrhiza glabra roots and contains glycyrrhizin as its primary bioactive compound. This natural ingredient serves multiple functions across industries – as a sweetening agent in food products (50-100 times sweeter than sucrose), an active pharmaceutical ingredient in traditional medicine, and a functional additive in cosmetic formulations for its skin-brightening properties.
Download FREE Sample Report: https://tinyurl.com/bdfsc6rc
Market Overview & Regional Analysis
Asia-Pacific emerges as the production hub for licorice extract, leveraging abundant raw material availability and established herbal medicine traditions. China and India collectively account for over 65% of global supply, benefiting from cost-competitive farming operations coupled with expanding processing capabilities.
North America maintains strong demand, particularly in pharmaceutical applications, where licorice’s anti-inflammatory properties drive adoption. Europe shows growing preference for organic and standardized extracts, influenced by stringent EU herbal product regulations. Emerging markets in the Middle East present opportunities, given licorice’s cultural significance in traditional remedies and confectionery.
Key Market Drivers and Opportunities
The market benefits from rising consumer preference for natural sweeteners in food products, as health-conscious consumers seek alternatives to artificial additives. Pharmaceutical applications continue expanding, with licorice gaining traction for managing digestive issues and respiratory conditions. The cosmetics industry increasingly incorporates licorice extract for its skin-brightening and anti-aging properties.
Significant opportunities exist in developing standardized extracts with consistent glycyrrhizin content for medical applications. The growing functional food sector and expansion of herbal supplement lines by major consumer health companies further bolster long-term prospects.
Challenges & Restraints
The market faces headwinds including regulatory scrutiny over glycyrrhizin content due to potential hypertensive effects. Climate change impacts on licorice root yields and quality present sourcing challenges, while price volatility of raw materials affects production consistency. Increasing competition from alternative botanical extracts in both food and pharmaceutical applications requires continuous product differentiation.
Download FREE Sample Report: https://tinyurl.com/bdfsc6rc
Market Segmentation by Type
Pharmaceutical Grade
Food Grade
Feed Grade
Market Segmentation by Application
Pharmaceutical Industry
Food Industry
Cosmetic Industry
Others
Key Players
Magnasweet
ASEH
Zagros Licorice
Sepidan Osareh
F&C Licorice
Norevo GmbH
Ransom Naturals
Maruzen Pharmaceuticals
MCFS
Aushadhi Herbal
Avestia Pharma
VPL Chemicals
Zelang
Changyue
Bokai
Download FREE Sample Report: https://tinyurl.com/bdfsc6rc
Recent Developments & Trending Updates: Global Licorice Extract Powder Market
Rising Adoption Across Food, Beverage & Nutraceutical Industries
Licorice extract powder is increasingly used in confectionery, beverages, herbal supplements, and functional foods due to its natural sweetening properties, antioxidant benefits, and digestive support. Growing consumer preference for plant-based ingredients is driving consistent demand across global nutraceutical and wellness product formulations.
Expansion in Pharmaceutical & Traditional Medicine Applications
The pharmaceutical sector is a major consumer of licorice extract powder owing to its anti-inflammatory, anti-ulcer, and antimicrobial properties. Rising utilization in traditional medicine systems such as Ayurveda, Traditional Chinese Medicine (TCM), and herbal therapeutics continues to fuel market growth in Asia, Europe, and North America.
Advancements in Extraction Techniques & Purity Enhancement
Manufacturers are adopting modern extraction technologies, including supercritical CO₂ extraction, vacuum concentration, and solvent-free processing, to obtain high-purity glycyrrhizin and flavonoid-rich extracts. Enhanced purification supports applications in premium cosmetics, pharmaceutical-grade formulations, and high-value nutraceuticals.
Increasing Demand for Clean-Label, Organic & Traceable Ingredients
Clean-label trends are pushing companies to offer organic, non-GMO, allergen-free, and sustainably sourced licorice extract powders. Traceability programs, farm-to-factory supply chains, and certifications such as USDA Organic and EU Organic are becoming critical differentiators for global buyers.
Growing Use in Cosmetics, Personal Care & Skin Care Formulations
Licorice extract powder is increasingly incorporated into skin-brightening creams, anti-inflammatory serums, and anti-aging formulations due to its glabridin content. Rising demand for natural active ingredients in cosmetic applications is expanding the market’s footprint in the personal care sector.
Get Full Report Here: https://www.24chemicalresearch.com/reports/284263/global-regional-licorice-extract-powder-forecast-supply-dem-analysis-competitive-market-2025-2032-13
Trending Updates
Regulatory Compliance & Quality Standardization Strengthening Market Dynamics
Compliance with global safety standards including EU regulations, FDA guidelines, and quality certifications like ISO, GMP, and HACCP is driving manufacturers to enhance quality control. Rigorous testing for contaminants, pesticide residues, and heavy metals has become essential, strengthening trust within pharmaceutical and food industries.
Asia–Pacific Leading Supply & Export Growth
China, India, Uzbekistan, and Afghanistan remain key producers and exporters of licorice raw materials and extract powders. Expanding cultivation areas, improved processing capabilities, and increasing global demand for herbal ingredients are solidifying the region’s dominance in supply chains.
Shift Toward Sustainable Cultivation & Responsible Wild Harvesting
Environmental concerns and biodiversity protection are pushing companies toward sustainable cultivation practices and regulated wild harvesting. Partnerships with farmers, controlled agricultural programs, and third-party sustainability audits are gaining traction across the industry.
Rising Interest in Functional Foods & Herbal Wellness Products
With growing consumer awareness about natural immunity boosters, digestive health supplements, and herbal functional beverages, licorice extract powder is gaining renewed traction in wellness-focused product formulations worldwide.
Strategic Collaborations, Supply Chain Integration & Processing Capacity Expansion
Leading extract manufacturers are expanding production lines, upgrading processing facilities, and collaborating with herbal product brands to strengthen supply chain reliability. Investments in R&D and value-added licorice derivatives such as deglycyrrhizinated licorice (DGL) are shaping future market opportunities.
Digitalization of Ingredient Sourcing & Growth of B2B Platforms
Online marketplaces and B2B ingredient sourcing platforms are streamlining procurement for nutraceutical, cosmetic, and food companies. Digital sourcing is improving supplier visibility, enabling faster transactions, and supporting global trade expansion of licorice extract powder.
International: +1(332) 2424 294 | Asia: +91 9169162030
Website: https://www.24chemicalresearch.com/
Follow us on LinkedIn: https://www.linkedin.com/company/24chemicalresearch
- Single-Domain Heavy Chain Antibody Market - 2026-01-23
- Qianlie Antong Capsules Market - 2026-01-23
- Veterinary Amitraz Solution Market - 2026-01-23