Licorice Extract Market - Global Forecast 2025-2030

Licorice extract is becoming a strategic differentiator for organizations aiming to optimize product portfolios and boost supply chain resilience. As a clean-label, adaptable, and naturally sourced ingredient, licorice extract offers a compelling solution for senior decision-makers who seek innovation in dynamic industries.

Market Snapshot: Current Growth and Strategic Opportunity in the Licorice Extract Market

The licorice extract market is expanding, with global revenues set to grow from USD 850.94 million in 2024 to USD 894.59 million in 2025. Maintaining a projected compound annual growth rate of 5.35%, the market is expected to reach USD 1.16 billion by 2030. This trajectory is fueled by rising adoption across pharmaceuticals, nutraceuticals, cosmetics, and food and beverage sectors. Ongoing advances in glycyrrhizin and bioactive development are driving product innovations, while evolving consumer trends and regulatory shifts are influencing launch strategies. Executive leadership is prioritizing ingredient innovation and regulatory compliance to quickly adapt to changing market realities.

Scope & Segmentation: Core Drivers Across Applications

• Form Types: Liquid and solid licorice extract forms allow manufacturers to address diverse technical requirements and support efficient adaptation in global and regional markets.
• Packaging Varieties: Bulk packaging supports large-scale operations, whereas single-unit formats enable efficient logistics for smaller brands and facilitate direct distribution models.
• Licorice Variety: Sourcing from American, Chinese, Russian, Spanish, and Ural licorice enables businesses to align product attributes with regional preferences and meet specific regulatory obligations.
• Distribution Channels: Offline distribution and digital sales platforms help companies extend reach, allowing for differentiation between established markets and emerging high-growth segments.
• Application Areas: Licorice extract is used as a coloring agent, cosmetic ingredient, supplement component, sweetener, and natural flavor, supporting integration into a wide spectrum of finished products.
• End-Use Industries: Sectors such as cosmetics, personal care, food and beverage, nutraceuticals, and pharmaceuticals rely on licorice extract for strategic compliance and the adoption of consumer trends.
• Regional Coverage: North America, Latin America, Europe, Middle East, Africa, and Asia-Pacific each present unique regulatory drivers and consumer demands, shaping targeted segmentation and influencing supply strategies.
• Key Companies: Market participants like AOS Products Pvt. Ltd., Arjuna Natural, Azelis Group, Beijing Gingko Group, Bio-Botanica Inc., F&C Licorice Group, Givaudan SA, International Flavors & Fragrances Inc., The Estée Lauder Companies, and Whole Earth Brands are influencing competitive developments.

Key Takeaways: Strategic Insights for Executive Leadership

• Heightened demand for clean-label ingredients positions licorice extract as a multi-industry solution, adding natural appeal in personal care and food product lines.
• Advanced extraction methods such as supercritical fluid and enzyme-assisted technologies increase product purity and yields, aligning with sustainability and performance goals.
• Digital traceability platforms, including blockchain, improve transparency and quality assurance, meeting stakeholder expectations for authentic sourcing and robust supply chain management.
• Cross-sector collaborations between suppliers and brands are accelerating the development of innovative licorice extract applications in health, beauty, and food industries.
• Emphasizing partnerships with local suppliers and direct sourcing strategies helps stabilize operations during regulatory or trade transitions, fostering preparedness for sudden shifts.
• Programs focused on sustainable sourcing practices and environmentally conscious packaging reinforce brand integrity and drive long-term stakeholder engagement.

Tariff Impact: Navigating the 2025 U.S. Policy Shift

Forthcoming U.S. tariffs in 2025 are prompting companies to adjust licorice extract procurement strategies. By expanding sourcing beyond traditional markets and investing in domestic cultivation, organizations enhance cost management and ensure consistent supply. Implementing local extraction facilities and updating supply contracts position these companies to maintain business continuity and adapt to changing regulatory requirements.

Methodology & Data Sources

The findings in this report are developed from direct interviews with licorice extract suppliers and regulatory stakeholders. Sector-specific quantitative analysis is validated through value chain mapping and scenario modeling, ensuring a comprehensive and reliable basis for executive planning.

Why This Report Matters

• Executive leaders gain decision-ready insights on regulatory developments, exposure management, and proactive sourcing responses.
• Comparative evaluations of digitalization, partnerships, and sustainability strategies inform resource allocation and operational agility initiatives.
• Granular, segment-level analysis enables organizations to identify growth opportunities and optimize market positioning aligned with new consumer and regulatory drivers.

Conclusion

Licorice extract continues to serve as a resilient platform for innovation and differentiation across critical industries. By combining advanced technologies and strategic partnerships, organizations are better prepared to meet evolving demands and capture future growth.

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