Licorice Extract - Global Top Players Market Share and Ranking 2025- YH Research

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Licorice Extract - Global Top Players Market Share and Ranking 2025

Publication Date: 2025-12-10
Report Id: 2861458
Industry: Chemical & Material
Report Page: 112
Chart: 111

PDF Download

Publication Date: 2025-12-10
Report Id: 2861458
Industry: Chemical & Material
Report Page: 112
Chart: 111

PDF Download

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Table of Contents
Description
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1 Market Overview
1.1 Licorice Extract Definition
1.2 Global Licorice Extract Market Size and Forecast
1.2.1 By Consumption Value, Global Licorice Extract Market Size, 2020-2031
1.2.2 By Sales Quantity, Global Licorice Extract Market Size, 2020-2031
1.2.3 Global Licorice Extract Average Selling Price (ASP), 2020-2031
1.3 China Licorice Extract Market Size and Forecast
1.3.1 By Consumption Value, China Licorice Extract Market Size, 2020-2031
1.3.2 By Sales Quantity, China Licorice Extract Market Size, 2020-2031
1.3.3 China Licorice Extract Average Selling Price (ASP), 2020-2031
1.4 Share of China Licorice Extract Market with Respect to the Global Market
1.4.1 By Consumption Value, China Licorice Extract Market Share in Global, 2020-2031
1.4.2 By Sales Quantity, China Licorice Extract Market Share in Global, 2020-2031
1.4.3 Licorice Extract Market Size: China VS Global, 2020-2031
1.5 Licorice Extract Market Dynamics
1.5.1 Licorice Extract Market Drivers
1.5.2 Licorice Extract Market Restraints
1.5.3 Licorice Extract Industry Trends
1.5.4 Licorice Extract Industry Policy

2 Global Leading Manufacturers and Market Share
2.1 By Revenue of Licorice Extract, Global Market Share by Company, 2020-2025
2.2 By Sales Quantity of Licorice Extract, Global Market Share by Company, 2020-2025
2.3 Licorice Extract Average Selling Price (ASP) by Company, 2020-2025
2.4 Global Licorice Extract Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Licorice Extract Concentration Ratio
2.6 Global Licorice Extract Mergers & Acquisitions, Expansion Plans
2.7 Global Licorice Extract Manufacturers Product Type
2.8 Head Office and Licorice Extract Production Site of Key Manufacturer
2.9 Licorice Extract Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share
3.1 By Revenue of Licorice Extract, China Market Share by Company, 2020-2025
3.2 By Sales Quantity of Licorice Extract, China Market Share by Company, 2020-2025
3.3 China Licorice Extract Licorice Extract Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions
4.1 Global Licorice Extract Capacity, Output and Capacity Utilization, 2020-2031
4.2 Global Licorice Extract Capacity by Region
4.3 Global Licorice Extract Production & Forecast by Region, 2020 VS 2024 VS 2031
4.4 Global Licorice Extract Production by Region, 2020-2031
4.5 Global Licorice Extract Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Licorice Extract Industry Chain
5.2 Licorice Extract Upstream Analysis
5.2.1 Licorice Extract Core Raw Materials
5.2.2 Main Manufacturers of Licorice Extract Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Licorice Extract Production Mode
5.6 Licorice Extract Procurement Model
5.7 Licorice Extract Industry Sales Model and Sales Channels
5.7.1 Licorice Extract Sales Model
5.7.2 Licorice Extract Typical Distributors

6 Sights by Type
6.1 Licorice Extract Classification by Type
6.1.1 Pharmaceutical Grade
6.1.2 Food Grade
6.1.3 Feed Grade
6.2 by Type, Global Licorice Extract Consumption Value & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Licorice Extract Consumption Value, 2020-2031
6.4 by Type, Global Licorice Extract Sales Quantity, 2020-2031
6.5 by Type, Global Licorice Extract Average Selling Price (ASP), 2020-2031

7 Sights by Extraction Methods
7.1 Licorice Extract Classification by Extraction Methods
7.1.1 Water Extraction
7.1.2 Alcohol Extraction
7.1.3 Supercritical CO₂ Extract
7.1.4 Other
7.2 by Extraction Methods, Global Licorice Extract Consumption Value & CAGR, 2020 VS 2024 VS 2031
7.3 by Extraction Methods, Global Licorice Extract Consumption Value, 2020-2031
7.4 by Extraction Methods, Global Licorice Extract Sales Quantity, 2020-2031
7.5 by Extraction Methods, Global Licorice Extract Average Selling Price (ASP), 2020-2031

8 Sights by Product Physical Form
8.1 Licorice Extract Classification by Product Physical Form
8.1.1 Concentrated Extract
8.1.2 Spray-Dried Powder
8.1.3 Block Extract
8.1.4 Other
8.2 by Product Physical Form, Global Licorice Extract Consumption Value & CAGR, 2020 VS 2024 VS 2031
8.3 by Product Physical Form, Global Licorice Extract Consumption Value, 2020-2031
8.4 by Product Physical Form, Global Licorice Extract Sales Quantity, 2020-2031
8.5 by Product Physical Form, Global Licorice Extract Average Selling Price (ASP), 2020-2031

9 Sights by Application
9.1 Licorice Extract Segment by Application
9.1.1 Pharmaceutical
9.1.2 Food
9.1.3 Cosmetic
9.1.4 Others
9.2 by Application, Global Licorice Extract Consumption Value & CAGR, 2020 VS 2024 VS 2031
9.3 by Application, Global Licorice Extract Consumption Value, 2020-2031
9.4 by Application, Global Licorice Extract Sales Quantity, 2020-2031
9.5 by Application, Global Licorice Extract Price, 2020-2031

10 Sales Sights by Region
10.1 By Region, Global Licorice Extract Consumption Value, 2020 VS 2024 VS 2031
10.2 By Region, Global Licorice Extract Consumption Value, 2020-2031
10.3 By Region, Global Licorice Extract Sales Quantity, 2020-2031
10.4 North America
10.4.1 North America Licorice Extract Market Size & Forecasts, 2020-2031
10.4.2 By Country, North America Licorice Extract Market Size Market Share
10.5 Europe
10.5.1 Europe Licorice Extract Market Size & Forecasts, 2020-2031
10.5.2 By Country, Europe Licorice Extract Market Size Market Share
10.6 Asia Pacific
10.6.1 Asia Pacific Licorice Extract Market Size & Forecasts, 2020-2031
10.6.2 By Country/Region, Asia Pacific Licorice Extract Market Size Market Share
10.7 South America
10.7.1 South America Licorice Extract Market Size & Forecasts, 2020-2031
10.7.2 By Country, South America Licorice Extract Market Size Market Share
10.8 Middle East & Africa

11 Sales Sights by Country Level
11.1 By Country, Global Licorice Extract Market Size & CAGR, 2020 VS 2024 VS 2031
11.2 By Country, Global Licorice Extract Consumption Value, 2020-2031
11.3 By Country, Global Licorice Extract Sales Quantity, 2020-2031
11.4 United States
11.4.1 United States Licorice Extract Market Size, 2020-2031
11.4.2 by Type, United States Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.4.3 by Application, United States Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.5 Europe
11.5.1 Europe Licorice Extract Market Size, 2020-2031
11.5.2 by Type, Europe Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.5.3 by Application, Europe Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.6 China
11.6.1 China Licorice Extract Market Size, 2020-2031
11.6.2 by Type, China Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.6.3 by Application, China Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.7 Japan
11.7.1 Japan Licorice Extract Market Size, 2020-2031
11.7.2 by Type, Japan Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.7.3 by Application, Japan Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.8 South Korea
11.8.1 South Korea Licorice Extract Market Size, 2020-2031
11.8.2 by Type, South Korea Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.8.3 by Application, South Korea Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.9 Southeast Asia
11.9.1 Southeast Asia Licorice Extract Market Size, 2020-2031
11.9.2 by Type, Southeast Asia Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.9.3 by Application, Southeast Asia Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.10 India
11.10.1 India Licorice Extract Market Size, 2020-2031
11.10.2 by Type, India Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.10.3 by Application, India Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.11 Middle East & Africa
11.11.1 Middle East & Africa Licorice Extract Market Size, 2020-2031
11.11.2 by Type, Middle East & Africa Licorice Extract Sales Quantity Market Share, 2024 VS 2031
11.11.3 by Application, Middle East & Africa Licorice Extract Sales Quantity Market Share, 2024 VS 2031

12 Manufacturers Profile
12.1 Magnasweet
12.1.1 Magnasweet Company Information, Head Office, Market Area, and Industry Position
12.1.2 Magnasweet Licorice Extract Models, Specifications, and Application
12.1.3 Magnasweet Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.1.4 Magnasweet Company Profile and Main Business
12.1.5 Magnasweet Recent Developments
12.2 ASEH
12.2.1 ASEH Company Information, Head Office, Market Area, and Industry Position
12.2.2 ASEH Licorice Extract Models, Specifications, and Application
12.2.3 ASEH Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.2.4 ASEH Company Profile and Main Business
12.2.5 ASEH Recent Developments
12.3 Zagros Licorice
12.3.1 Zagros Licorice Company Information, Head Office, Market Area, and Industry Position
12.3.2 Zagros Licorice Licorice Extract Models, Specifications, and Application
12.3.3 Zagros Licorice Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.3.4 Zagros Licorice Company Profile and Main Business
12.3.5 Zagros Licorice Recent Developments
12.4 Sepidan Osareh
12.4.1 Sepidan Osareh Company Information, Head Office, Market Area, and Industry Position
12.4.2 Sepidan Osareh Licorice Extract Models, Specifications, and Application
12.4.3 Sepidan Osareh Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.4.4 Sepidan Osareh Company Profile and Main Business
12.4.5 Sepidan Osareh Recent Developments
12.5 FandC Licorice
12.5.1 FandC Licorice Company Information, Head Office, Market Area, and Industry Position
12.5.2 FandC Licorice Licorice Extract Models, Specifications, and Application
12.5.3 FandC Licorice Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.5.4 FandC Licorice Company Profile and Main Business
12.5.5 FandC Licorice Recent Developments
12.6 Norevo GmbH
12.6.1 Norevo GmbH Company Information, Head Office, Market Area, and Industry Position
12.6.2 Norevo GmbH Licorice Extract Models, Specifications, and Application
12.6.3 Norevo GmbH Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.6.4 Norevo GmbH Company Profile and Main Business
12.6.5 Norevo GmbH Recent Developments
12.7 Ransom Naturals
12.7.1 Ransom Naturals Company Information, Head Office, Market Area, and Industry Position
12.7.2 Ransom Naturals Licorice Extract Models, Specifications, and Application
12.7.3 Ransom Naturals Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.7.4 Ransom Naturals Company Profile and Main Business
12.7.5 Ransom Naturals Recent Developments
12.8 Maruzen Pharmaceuticals
12.8.1 Maruzen Pharmaceuticals Company Information, Head Office, Market Area, and Industry Position
12.8.2 Maruzen Pharmaceuticals Licorice Extract Models, Specifications, and Application
12.8.3 Maruzen Pharmaceuticals Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.8.4 Maruzen Pharmaceuticals Company Profile and Main Business
12.8.5 Maruzen Pharmaceuticals Recent Developments
12.9 MCFS
12.9.1 MCFS Company Information, Head Office, Market Area, and Industry Position
12.9.2 MCFS Licorice Extract Models, Specifications, and Application
12.9.3 MCFS Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.9.4 MCFS Company Profile and Main Business
12.9.5 MCFS Recent Developments
12.10 Aushadhi Herbal
12.10.1 Aushadhi Herbal Company Information, Head Office, Market Area, and Industry Position
12.10.2 Aushadhi Herbal Licorice Extract Models, Specifications, and Application
12.10.3 Aushadhi Herbal Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.10.4 Aushadhi Herbal Company Profile and Main Business
12.10.5 Aushadhi Herbal Recent Developments
12.11 Avestia Pharma
12.11.1 Avestia Pharma Company Information, Head Office, Market Area, and Industry Position
12.11.2 Avestia Pharma Licorice Extract Models, Specifications, and Application
12.11.3 Avestia Pharma Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.11.4 Avestia Pharma Company Profile and Main Business
12.11.5 Avestia Pharma Recent Developments
12.12 VPL Chemicals
12.12.1 VPL Chemicals Company Information, Head Office, Market Area, and Industry Position
12.12.2 VPL Chemicals Licorice Extract Models, Specifications, and Application
12.12.3 VPL Chemicals Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.12.4 VPL Chemicals Company Profile and Main Business
12.12.5 VPL Chemicals Recent Developments
12.13 Zelang
12.13.1 Zelang Company Information, Head Office, Market Area, and Industry Position
12.13.2 Zelang Licorice Extract Models, Specifications, and Application
12.13.3 Zelang Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.13.4 Zelang Company Profile and Main Business
12.13.5 Zelang Recent Developments
12.14 Changyue
12.14.1 Changyue Company Information, Head Office, Market Area, and Industry Position
12.14.2 Changyue Licorice Extract Models, Specifications, and Application
12.14.3 Changyue Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.14.4 Changyue Company Profile and Main Business
12.14.5 Changyue Recent Developments
12.15 Bokai
12.15.1 Bokai Company Information, Head Office, Market Area, and Industry Position
12.15.2 Bokai Licorice Extract Models, Specifications, and Application
12.15.3 Bokai Licorice Extract Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
12.15.4 Bokai Company Profile and Main Business
12.15.5 Bokai Recent Developments

13 Conclusion

14 Appendix
14.1 Research Methodology
14.2 Data Source
14.2.1 Secondary Sources
14.2.2 Primary Sources
14.3 Market Estimation Model
14.4 Disclaimer

According to YH Research, the global market for Licorice Extract should grow from US$ 643 million in 2024 to US$ 877 million by 2031, with a CAGR of 6.4% for the period of 2025-2031.

The strategic recalibration of 2025 U.S. tariff mechanisms is redefining global economic governance norms. This study deciphers the transmission mechanisms of tariff escalation pathways and global policy responses on corporate investment strategies, regional trade networks, and critical material supply architectures.

Licorice Extract

According to YH Research, the global market for Licorice Extract should grow from US$ 643 million in 2024 to US$ 877 million by 2031, with a CAGR of 6.4% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

In 2024, global sales of licorice extract reached 27,199 tons, with an average selling price of US$22,235 per ton.

Licorice extract comes from the licorice plant. The root of the plant is primarily used in preparing the extract, and the hard woody plant is pulped then boiled to further extract and refine the contents. Licorice extract is a natural ingredient often found in both food and herbal medicine supplements. While the full medicinal effectiveness of licorice has not been completely tested, some benefits have been proven and others have enough support to warrant its inclusion in a number of supplements. Often found in teas and used in a number of different products as a flavoring ingredient, licorice extract can provide help in treating stomach issues such as heartburn, but does have some noteworthy side effects that should be considered.

Major global manufacturers of licorice extract include Norevo GmbH, Mafco Worldwide, Gansu Fanzhi Pharmaceutical, Hongyufeng Bio-Technolog, F&C Licorice, Ransom Naturals, Qinghai Blicsweet Licorice Technology, and Xinjiang Long Hui Yuan Pharmaceutical. The top five manufacturers globally account for approximately 37% of the market share. Currently, China is the world's largest market, accounting for approximately 40% of the market share.

Licorice extract is made from the dried roots and rhizomes of leguminous plants such as *Glycyrrhiza uralensis*, *Glycyrrhiza inflata*, and *Glycyrrhiza glabra*. In 2023, the planting area in China reached approximately 450,000 hectares, with over 80% concentrated in arid and semi-arid regions such as Inner Mongolia, Gansu, and Xinjiang. The raw material purchase price is approximately 15 yuan/kg, fluctuating significantly due to weather and market demand. In its cost structure, raw materials account for the largest share (approximately 50%–60%), followed by energy and solvent consumption (around 20%), while labor, equipment depreciation, and environmental treatment together account for 20%–30%. If high-efficiency processes such as ultrasonic-microwave synergy or supercritical CO₂ are adopted, energy consumption can be reduced by more than 30%, but the initial equipment investment is significant.

This report studies and analyses global Licorice Extract status and future trends, helps the client to determine the Licorice Extract market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Licorice Extract, and provides market size (in MT & US$ million) and Year-over-Year growth, considering 2024 as the base year.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

To assess the competitive environment within the market including supplier revenue, market share, and company profiles.

Highlights
(1) Global Licorice Extract market size, history data 2020-2025, and forecast data 2026-2031, (US$ million) & (MT)
(2) Global Licorice Extract sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MT)
(3) China Licorice Extract sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MT)
(4) Global Licorice Extract key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Licorice Extract key producing regions, capacity, production, and year over year growth
(6) Licorice Extract industry chains, upstream, midstream and downstream
Market segment by players, this report covers
    Magnasweet
    ASEH
    Zagros Licorice
    Sepidan Osareh
    FandC Licorice
    Norevo GmbH
    Ransom Naturals
    Maruzen Pharmaceuticals
    MCFS
    Aushadhi Herbal
    Avestia Pharma
    VPL Chemicals
    Zelang
    Changyue
    Bokai

Market segment by Type, covers
    Pharmaceutical Grade
    Food Grade
    Feed Grade

Market segment by Extraction Methods, covers
    Water Extraction
    Alcohol Extraction
    Supercritical CO₂ Extract
    Other

Market segment by Product Physical Form, covers
    Concentrated Extract
    Spray-Dried Powder
    Block Extract
    Other

Market segment by Application, can be divided into
    Pharmaceutical
    Food
    Cosmetic
    Others

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Licorice Extract product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Licorice Extract market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 3: China Licorice Extract market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 4: Global key producing regions of Licorice Extract, percent & CAGR, 2020-2031
Chapter 5: Licorice Extract industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.