Feed Grade Licorice Extract Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global feed grade licorice extract market has witnessed significant growth in recent years, driven by its increasing demand in animal feed formulations. Licorice extract is known for its natural antioxidant, anti-inflammatory, and immune-boosting properties, making it a valuable ingredient in livestock and pet feed. The growing focus on natural and organic feed additives to improve animal health and productivity has further fueled the market's expansion. The market is also supported by rising awareness regarding the benefits of licorice extract in enhancing digestion and reducing stress levels in animals. As the demand for high-quality, sustainable feed solutions rises, manufacturers are focusing on product innovations and the development of new applications for licorice extract to cater to the evolving needs of the agriculture and livestock industries. Furthermore, expanding animal husbandry sectors in emerging economies present significant growth opportunities for key players in the market.
The trends shaping the global feed grade licorice extract market include a shift towards clean-label products and increasing preference for plant-based, natural additives. This trend is in line with the growing consumer preference for organic and sustainable food production systems. The market is also benefiting from the rising adoption of functional animal feed ingredients, which are designed to promote better health, performance, and disease resistance in animals. With the expansion of the pet food industry, the demand for functional ingredients such as licorice extract is expected to rise, further diversifying the application base of licorice in feed. In addition, regulatory support for natural and safe feed additives is boosting the adoption of licorice extract as a key ingredient in animal nutrition. Companies in the market are also exploring strategic partnerships, mergers, and acquisitions to expand their product portfolios and increase their global footprint, thus capitalizing on the growing demand for animal feed additives.
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Sepidan Osareh
Norevo GmbH
Zelang
Changyue
Bokai
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 Gloabl Feed Grade Licorice Extract Market
Powdered Licorice Extract
Liquid Licorice Extract
Granulated Licorice Extract
Animal Feed Enhancers
Pet Food Products
Agricultural Feed for Livestock
Natural Licorice Extract
Synthetic Licorice Extract
Commercial Livestock Farmers
Poultry Farmers
Pet Food Manufacturers
Feed Production Companies
Organic Formulations
Conventional Formulations
Customized Formulations
US (United States, US 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 Gloabl Feed Grade Licorice 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. Gloabl Feed Grade Licorice Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Feed Grade Licorice Extract Market, By Type
6. Gloabl Feed Grade Licorice Extract Market, By Application
7. Gloabl Feed Grade Licorice Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Feed Grade Licorice Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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