The Glycyrrhizic Acid 98% Market size was valued at USD 0.35 Billion in 2022 and is projected to reach USD 0.50 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
Glycyrrhizic Acid 98% is a purified compound extracted from licorice root, primarily known for its therapeutic properties. The global market for Glycyrrhizic Acid 98% is expanding due to its widespread applications across various industries, including food & beverages, nutraceuticals, pharmaceuticals, personal care products, cosmetics, and others. In this report, we will provide an in-depth analysis of the Glycyrrhizic Acid 98% market by application, focusing on its specific subsegments,
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By combining cutting-edge technology with conventional knowledge, the Glycyrrhizic Acid 98% market is well known for its creative approach. Major participants prioritize high production standards, frequently highlighting energy efficiency and sustainability. Through innovative research, strategic alliances, and ongoing product development, these businesses control both domestic and foreign markets. Prominent manufacturers ensure regulatory compliance while giving priority to changing trends and customer requests. Their competitive advantage is frequently preserved by significant R&D expenditures and a strong emphasis on selling high-end goods worldwide.
Tiansheng Pharmaceutical
Alps Pharmaceutical
ELION Group
Hunan Dinuo Pharmaceutical
Xinjiang Tianshan Pharmaceuticals Industry
Shaanxi Fujie Pharmaceutical
FAME Pharmaceuticals Industry
MAFCO Worldwide
Fanzhi Group
Qingdao Taitong Pharmaceutical
Cokey
Aktin Chemicals
Shanxi Yuning Biological Technology
Xi'an Qingshuo Import and Export Trade
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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Several key trends are shaping the Glycyrrhizic Acid 98% market. The growing consumer demand for natural and organic products is a major driving force behind the increased use of Glycyrrhizic Acid 98% across various industries. There is a clear shift away from synthetic chemicals, with consumers preferring ingredients derived from plants and herbs. In the nutraceuticals and pharmaceuticals sectors, there is a growing emphasis on functional foods and natural medicines, which is propelling the demand for plant-based compounds like Glycyrrhizic Acid 98%. Additionally, the rising prevalence of chronic diseases, such as liver disorders, viral infections, and inflammation-related conditions, is driving the pharmaceutical applications of Glycyrrhizic Acid 98%. Furthermore, the demand for clean-label products in the food & beverages and personal care sectors is contributing to the compound’s adoption. The trend of self-care and wellness, combined with a preference for plant-based, non-toxic products, continues to drive the market.
Opportunities in the Glycyrrhizic Acid 98% market are abundant, particularly as the demand for natural and holistic products grows. The expansion of the nutraceutical and dietary supplement industries presents a significant opportunity, as consumers increasingly turn to plant-based solutions for health management. The pharmaceutical industry also holds potential for growth, especially with the rising need for effective treatments for viral diseases, liver conditions, and inflammation. In the personal care and cosmetics sectors, the trend toward clean, natural ingredients is opening doors for the use of Glycyrrhizic Acid 98% in a wide range of skin and hair care products. Additionally, the untapped potential in emerging markets offers an opportunity for companies to expand their product lines and cater to the growing demand for natural and effective solutions. The compound’s versatility across different applications positions it well for long-term market growth.
1. What is Glycyrrhizic Acid 98%?
Glycyrrhizic Acid 98% is a natural compound extracted from licorice root, known for its sweetening, anti-inflammatory, and antioxidant properties.
2. What are the primary uses of Glycyrrhizic Acid 98%?
It is used in food & beverages, nutraceuticals, pharmaceuticals, personal care products, cosmetics, and other industries due to its health benefits and versatility.
3. Is Glycyrrhizic Acid 98% safe for consumption?
When consumed in moderate amounts, Glycyrrhizic Acid 98% is considered safe, though excessive intake may lead to side effects like hypertension.
4. How does Glycyrrhizic Acid 98% benefit the skin?
Glycyrrhizic Acid 98% has anti-inflammatory and antioxidant properties, making it effective in soothing irritated skin and improving hydration.
5. What is the role of Glycyrrhizic Acid 98% in liver health?
Glycyrrhizic Acid 98% is believed to have hepatoprotective effects, helping in the treatment of liver diseases like hepatitis and cirrhosis.
6. Can Glycyrrhizic Acid 98% be used in cosmetics?
Yes, it is widely used in cosmetics for its skin-brightening, anti-aging, and soothing effects.
7. Is Glycyrrhizic Acid 98% a natural sweetener?
Yes, it is much sweeter than sucrose and is used as a natural sweetener in sugar-free products.
8. What are the health benefits of Glycyrrhizic Acid 98%?
It provides anti-inflammatory, antioxidant, antimicrobial, and immune-boosting benefits, aiding in overall health and wellness.
9. How does Glycyrrhizic Acid 98% help with inflammation?
It reduces the production of pro-inflammatory cytokines, making it useful for conditions like arthritis and inflammatory bowel disease.
10. Can Glycyrrhizic Acid 98% help with weight management?
It may help by reducing the craving for sweets and enhancing metabolic functions, though more research is needed.
11. Is Glycyrrhizic Acid 98% used in food?
Yes, it is used in food & beverages as a natural sweetener and for its functional health benefits.
12. Does Glycyrrhizic Acid 98% have any side effects?
High consumption can lead to side effects like high blood pressure, water retention, and low potassium levels.
13. How is Glycyrrhizic Acid 98% extracted?
It is extracted from the roots of the Glycyrrhiza glabra plant, commonly known as licorice.
14. What is the future outlook for the Glycyrrhizic Acid 98% market?
The market is expected to grow as consumer demand for natural, plant-based ingredients continues to rise across various industries.
15. Is Glycyrrhizic Acid 98% used in medicines?
Yes, it is used in pharmaceutical formulations for treating conditions like viral infections and liver disorders.
16. Can Glycyrrhizic Acid 98% be used in hair care products?
Yes, it is included in shampoos and hair care products to promote scalp health and improve hair condition.
17. What are the trends in the Glycyrrhizic Acid 98% market?
Key trends include the demand for natural ingredients, clean-label products, and the increasing popularity of plant-based medicines.
18. Where can I buy Glycyrrhizic Acid 98%?
Glycyrrhizic Acid 98% can be sourced from chemical suppliers, online retailers, and specialized ingredient distributors.
19. How is Glycyrrhizic Acid 98% used in nutraceuticals?
It is used in dietary supplements to support digestive health, boost immunity, and manage stress.
20. Is Glycyrrhizic Acid 98% a sustainable ingredient?
Yes, it is derived from a renewable plant source, and its extraction process can be sustainable if managed responsibly.