Licorice Extract Market - Global Forecast 2025-2030

Senior executives seeking clarity on evolving global naturals markets will find this licorice extract market report a pragmatic asset. With shifting consumer preferences, regulatory complexity, and technological advancements shaping the industry, actionable data and strategic guidance are essential for effective decision-making.

Market Snapshot: Licorice Extract Market Growth and Outlook

The licorice extract market grew from USD 850.94 million in 2024 to USD 894.59 million in 2025. It is projected to expand at a 5.35% CAGR, reaching USD 1.16 billion by 2030. Factors fueling this advancement include demand for natural ingredients across health, beauty, and food sectors, in addition to a broadening array of applications influencing procurement and supply chain strategies.

Scope & Segmentation of the Licorice Extract Market

This research provides comprehensive analysis across the licorice extract value chain, identifying growth drivers, industry challenges, and strategic segments that matter for stakeholders:

• Form Types: Liquid extract, solid extract
• Packaging Varieties: Bulk packaging, single packaging
• Licorice Varieties: American, Chinese, Russian, Spanish, and Ural licorice
• Distribution Channels: Offline retail, online retail
• Applications: Coloring agents, cosmetic formulations, dietary supplements, flavoring agents, sweetening agents; each examined for specific licorice varieties
• End-use Industries: Cosmetics & personal care, food & beverage, nutraceuticals, pharmaceuticals
• Regional Coverage: Americas (United States, Canada, Mexico, leading Latin American economies), Europe, Middle East & Africa (major European markets, Middle East, Africa), Asia-Pacific (China, India, Japan, Australia, and key regional economies)
• Key Industry Players: Includes AOS Products Pvt. Ltd., Arjuna Natural, Azelis Group, Beijing Gingko Group, Bio-Botanica Inc., Givaudan SA, International Flavors & Fragrances Inc., The Estée Lauder Companies, and others
• Technology Innovations: Extraction advances such as supercritical fluid and enzyme-assisted methods, and digital traceability tools supporting transparency and regulatory compliance

Key Takeaways: Strategic Insights for Senior Decision-Makers

• Market momentum is influenced by increased R&D, reflecting industry commitment to disruptive innovations and ingredient purity enhancement.
• Natural and clean-label trends drive licorice extract’s integration in product development pipelines across dietary supplements, personal care, and functional food categories.
• Collaborations between brands, extract suppliers, and researchers catalyze new end-use applications, especially those merging wellness, performance, and sensory appeal.
• Digital adoption is transforming supply chain traceability, offering real-time insight into sourcing, quality controls, and authentication for downstream customers.
• Sustainability imperatives are reshaping sourcing, processing, and packaging approaches, with industry leaders actively investing in biodiversity and resource-efficient processes.
• Regulatory complexity underscores the importance of ongoing scenario planning, especially as country-specific guidelines and safety frameworks shift in major regions.

Tariff Impact: Adjusting to US Trade Policy Shifts

Recent US tariff revisions have prompted manufacturers and suppliers to adapt sourcing and operational models, including increased domestic cultivation and bulk supply agreements with tariff-contingent clauses. These measures are fostering a blend of centralized extraction hubs and regional processing sites, enhancing resilience against market volatility and trade uncertainties.

Methodology & Data Sources

This report is built on dual-phase research: primary interviews and consultations with value chain experts and secondary review of industry literature, regulatory filings, and company disclosures. Analytical rigor is ensured through techniques such as value chain mapping, PESTEL analysis, and peer validation by subject matter experts.

Why This Report Matters for the Licorice Extract Market

• Informed strategic planning: Stakeholders gain actionable recommendations tailored for evolving supply chain, sourcing, and product innovation landscapes.
• Risk mitigation: The analysis addresses complexities from regulatory, trade, and sustainability perspectives to help organizations proactively manage uncertainty and maintain compliance.
• Competitive benchmarking: Industry leaders can benchmark technological adoption, partnership models, and regional strategies against a comprehensive landscape of established and emerging players.

Conclusion: Navigating the Evolving Licorice Extract Landscape

As the licorice extract sector transitions amid new technologies, regulatory shifts, and rising expectations for transparency, organizations that prioritize agility and stewardship will secure sustained competitive advantage. This report serves as a guide for aligning innovation and strategy in a dynamic, opportunity-rich market.

Additional Product Information:

• Purchase of this report includes 1 year online access with quarterly updates.
• This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.