South Korea Glycyrrhizine (CAS: 1405-86-3) Market was valued at USD 0.02 Billion in 2022 and is projected to reach USD 0.035 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The South Korea Glycyrrhizine (CAS: 1405-86-3) market has been growing steadily due to its wide range of applications across various industries. Glycyrrhizine, a compound derived from licorice roots, is commonly used in the pharmaceutical, food, and cosmetic sectors. This versatile compound has sparked considerable interest in South Korea as it offers numerous benefits, from enhancing flavors to acting as a therapeutic agent. As the market for Glycyrrhizine continues to expand, its application and requirements from different industries are evolving.
In the pharmaceutical industry, Glycyrrhizine (CAS: 1405-86-3) plays a crucial role in the formulation of drugs aimed at treating conditions such as liver disease, respiratory issues, and inflammatory disorders. It is known for its anti-inflammatory, antiviral, and antioxidant properties, making it an attractive ingredient in medicinal products. South Korean pharmaceutical companies are increasingly seeking higher quality Glycyrrhizine, which is extracted using advanced techniques that preserve its beneficial compounds. As the demand for natural remedies rises, the need for reliable suppliers of high-quality Glycyrrhizine has surged.
The food industry also plays a significant part in the growth of the Glycyrrhizine (CAS: 1405-86-3) market. Glycyrrhizine is widely used as a flavoring agent and sweetener, particularly in traditional candies, beverages, and herbal teas. In South Korea, food manufacturers are adopting more natural ingredients to meet consumer demands for healthier, cleaner labels. As a result, the demand for Glycyrrhizine has risen, with a focus on its natural and safe properties, making it an ideal substitute for synthetic sweeteners and preservatives.
In the cosmetics industry, Glycyrrhizine's anti-inflammatory and soothing qualities make it a popular ingredient in skin care products. South Korean beauty brands, renowned for their innovative and natural skincare solutions, have incorporated Glycyrrhizine in creams, lotions, and serums to improve skin health and address issues like redness, irritation, and aging. The demand for Glycyrrhizine in skincare is expected to grow as consumers increasingly seek natural, plant-based ingredients.
As industries across South Korea continue to utilize Glycyrrhizine (CAS: 1405-86-3) for its health benefits and versatile applications, the market is likely to experience sustained growth. The evolving requirements for higher quality, purity, and sustainable sourcing of Glycyrrhizine are shaping the future of this sector. Companies must keep up with innovations in extraction processes and product development to meet these growing demands and remain competitive in the market.
Get an In-Depth Research Analysis of the South Korea Glycyrrhizine (CAS: 1405-86-3) Market Size And Forecast [2025-2032]
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Tiansheng Pharmaceutical
Alps Pharmaceutical
Xinjiang Kunlunshengnong
Ruihong Bio-technique
ELION Group
Hunan Dinuo Pharmaceutical
Minophagen Pharmaceutical
Xinjiang TIANSHAN Pharmaceuticals Industry
Shaanxi Fujie Pharmaceutical
FAME Pharmaceuticals Industry
MAFCO Worldwide
Fanzhi Group
Qingdao Taitong Pharmaceutical
Cokey
Lion Corporation
Gansu Yalan Pharmaceutical
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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 South Korea Glycyrrhizine (CAS: 1405-86-3) Market
Pharmaceuticals
Food & Beverages
Cosmetics & Personal Care
Dietary Supplements
Tablets
Liquids
Creams and Ointments
Powders
Healthcare Providers
Consumers
Online Retail
Pharmacies
Supermarkets & Hypermarkets
Specialty Stores
Natural
Synthetic
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Glycyrrhizine (CAS: 1405-86-3) Market Research Analysis
1. Introduction of the South Korea Glycyrrhizine (CAS: 1405-86-3) 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. South Korea Glycyrrhizine (CAS: 1405-86-3) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glycyrrhizine (CAS: 1405-86-3) Market, By Type
6. South Korea Glycyrrhizine (CAS: 1405-86-3) Market, By Application
7. South Korea Glycyrrhizine (CAS: 1405-86-3) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glycyrrhizine (CAS: 1405-86-3) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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