Us Glycyrrhiza Glabra Root Extract Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Glycyrrhiza Glabra Root Extract Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.4% from 2024 to 2030.
The U.S. Glycyrrhiza Glabra Root Extract Market: A Deep Dive into Growth, Applications, and Trends
Glycyrrhiza glabra, commonly known as licorice root, has been a cornerstone in traditional medicine for centuries. Today, its extract is witnessing a surge in demand across various industries in the United States, driven by its multifaceted applications and the growing consumer shift towards natural products.
Market Growth and Projections
Recent analyses indicate a robust expansion of the U.S. Glycyrrhiza glabra root extract market. Valued at approximately USD 589.34 million in 2023, projections suggest a steady growth trajectory with a compound annual growth rate (CAGR) of 4.80% from 2024 to 2032. This growth is anticipated to elevate the market's value to around USD 3,175.70 million by 2032.
Key Drivers of Demand
Pharmaceutical Applications: Licorice root extract is renowned for its therapeutic properties, including anti-inflammatory, antioxidant, and antimicrobial effects. These attributes make it a valuable component in formulations addressing respiratory issues, liver diseases, and digestive health.
Cosmetics and Personal Care: The extract's skin-soothing and brightening properties have led to its incorporation in various skincare products. As consumers increasingly prioritize natural and clean-label cosmetics, the demand for licorice-based formulations has risen markedly.
Food and Beverage Industry: Serving as a natural sweetener, Glycyrrhiza glabra extract offers a sweeter taste than sugar with fewer calories. Its use in confectionery and beverages aligns with the trend towards reduced sugar consumption and natural flavoring agents.
Challenges and Considerations
Despite its promising prospects, the market faces certain challenges:
Regulatory Hurdles: The use of licorice extract in food and pharmaceuticals is subject to stringent regulations, which can vary across states and may impact product formulations and approvals.
Supply Chain Dynamics: Fluctuations in the supply of raw licorice root, influenced by environmental factors and geopolitical issues, can affect the consistent availability of high-quality extract.
Health Concerns: Excessive consumption of licorice extract has been associated with side effects such as increased blood pressure and reduced potassium levels, necessitating careful formulation and consumer education.
Personal Insights
In my experience, the versatility of Glycyrrhiza glabra root extract is truly remarkable. I've observed its efficacy in soothing skin irritations when used in topical applications, and its subtle sweetness enhances various culinary creations without the added calories of traditional sweeteners. However, it's essential to source the extract from reputable suppliers to ensure purity and efficacy.
Future Outlook
The U.S. Glycyrrhiza glabra root extract market is poised for continued growth, propelled by the increasing consumer inclination towards natural and health-promoting products. Innovations in extraction technologies and sustainable sourcing practices are expected to further enhance the extract's applications across industries. Stakeholders are advised to stay abreast of regulatory developments and invest in quality assurance to capitalize on the burgeoning opportunities this market presents.
Get an In-Depth Research Analysis of the Global Glycyrrhiza Glabra Root Extract Market Size And Forecast [2025-2032]
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Sepidan Osareh
F&C Licorice
Norevo GmbH
Maruzen Pharmaceuticals
Aushadhi Herbal
SK Bioland
Amruta Herbals
Sabinsa
Vee Kay International
Amsar
BotanicalsPlus
Phyto Life Sciences
Indus Extracts
Qinghai Lake Pharmaceutical
The Garden of Naturalsolution
Jarchem Industries
Carrubba
Actives International
Bioveda Naturals
Huzhou Ouli Biotechnology
Spec-Chem Industry
AQIA
Croda
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Glycyrrhiza Glabra Root Extract Market
Powder
Liquid Extract
Glycyrrhizin
Dietary Supplements
Cosmetics and Personal Care
Food and Beverage
Pharmaceuticals
Online Retail
Traditional Retail
Pharmacies and Drug Stores
Specialty Stores
Cosmetic Manufacturers
Healthcare Professionals
Food Manufacturers
Pharmaceutical Companies
Wild-Harvested
Cultivated
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Glycyrrhiza Glabra Root Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Glycyrrhiza Glabra Root Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Glycyrrhiza Glabra Root Extract Market, By Type
6. Global Glycyrrhiza Glabra Root Extract Market, By Application
7. Global Glycyrrhiza Glabra Root Extract Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Glycyrrhiza Glabra Root Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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