The global Liquorice Extract Market size was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030. The market growth is primarily driven by the increasing demand for natural sweeteners, particularly in the food and beverage sector, and the rising popularity of liquorice in the pharmaceutical industry for its medicinal properties. Additionally, the use of liquorice extract in traditional medicine and its application in cosmetic products further contributes to the market expansion.
The growing consumer preference for plant-based, natural ingredients and the increasing awareness regarding the health benefits of liquorice are also expected to create significant growth opportunities in the coming years. The market is witnessing a shift towards organic and sustainably sourced liquorice extract, which is further accelerating demand in regions such as Europe and North America. Emerging economies in Asia Pacific are also experiencing an uptick in consumption, thereby driving the market forward. With increasing R&D investments and innovations in product formulations, the market for liquorice extract is anticipated to continue its growth trajectory during the forecast period.
Download Full PDF Sample Copy of Market Report @
Liquorice Extract Market Research Sample Report
The global liquorice extract market is segmented by its applications in various industries. Liquorice extract, derived from the root of the Glycyrrhiza glabra plant, is renowned for its natural sweetness and unique medicinal properties. It is used across diverse sectors, including pharmaceuticals, food, cosmetics, animal feed, and other industries. Each of these applications capitalizes on the diverse functional properties of liquorice extract, including its antioxidant, anti-inflammatory, and antimicrobial characteristics, which are essential for various formulations and products in these sectors. Below is a detailed description of the Liquorice Extract Market by Application.
The pharmaceutical industry is one of the primary consumers of liquorice extract. It is used in the development of various medicinal products due to its therapeutic properties. Liquorice extract is known for its anti-inflammatory, anti-viral, and anti-cancer effects. It is widely incorporated in formulations for treating respiratory diseases, gastrointestinal issues, and other health concerns. Liquorice extract is particularly beneficial in managing conditions such as ulcers, sore throats, and chronic coughs. Its active compound, glycyrrhizin, plays a significant role in reducing inflammation and boosting the immune system, making it a sought-after ingredient in over-the-counter medicines and prescribed medications.
Additionally, liquorice extract is employed in the production of herbal supplements and natural remedies, as it provides a natural alternative to synthetic pharmaceuticals. The growing consumer preference for herbal and natural products has further increased the demand for liquorice extract in the pharmaceutical sector. It is also used in various topical creams and ointments for its anti-inflammatory and soothing properties, offering a natural solution for skin conditions such as eczema and psoriasis. The pharmaceutical industry’s reliance on liquorice extract is expected to grow as research continues to uncover new potential uses in both therapeutic and preventive treatments.
The food industry is another significant application area for liquorice extract. Liquorice is commonly used as a flavoring agent in confectionery products, beverages, and bakery goods. Its naturally sweet taste, along with its ability to enhance the overall flavor profile, makes it a popular ingredient in candies, chocolates, and gummies. Additionally, liquorice extract is utilized in herbal teas, soft drinks, and even some savory foods, owing to its distinctive taste and natural sweetness. The use of liquorice extract allows manufacturers to create healthier alternatives by reducing the need for added sugar, appealing to health-conscious consumers seeking natural sweeteners in their food products.
Furthermore, liquorice extract also finds its place in the food industry for its functional benefits beyond flavor. It possesses antioxidant properties that can help in the preservation of food products, extending their shelf life. It also has anti-inflammatory and antimicrobial qualities that contribute to food safety. The increasing demand for clean-label products and natural ingredients is driving the growth of liquorice extract in the food sector. Consumers are becoming more aware of the benefits of natural ingredients, prompting food manufacturers to adopt liquorice extract in a wider range of products, from snacks to beverages, as a healthier and more sustainable alternative to artificial additives.
The cosmetic industry has also seen a growing demand for liquorice extract due to its skin-enhancing properties. Liquorice extract is widely used in skincare products due to its anti-inflammatory, skin-brightening, and antioxidant effects. It is often included in formulations aimed at reducing hyperpigmentation, dark spots, and uneven skin tone. Glycyrrhizin, the active compound in liquorice extract, helps in inhibiting melanin production, making it a popular ingredient in products targeting pigmentation issues. It is also incorporated into anti-aging creams, moisturizers, and serums because of its ability to promote skin hydration and protect against oxidative stress, which accelerates the aging process.
In addition to skin care, liquorice extract is used in hair care products. It can help to soothe scalp conditions like dandruff and itching, making it an ideal ingredient in shampoos and conditioners. Its antibacterial and anti-inflammatory properties also contribute to maintaining a healthy scalp environment. As consumers increasingly seek out natural and sustainable ingredients in their cosmetic products, liquorice extract’s demand is expected to rise. The growing trend of clean beauty and organic products aligns well with liquorice extract's profile as a natural, effective, and versatile ingredient for a wide range of cosmetic applications.
The feed industry is another key segment where liquorice extract is gaining popularity. Liquorice extract is increasingly being incorporated into animal feed for its beneficial properties. It is known to promote overall animal health and improve digestion, which is crucial for livestock and poultry production. Liquorice extract has been shown to enhance gut health by balancing the gut microbiome and reducing the incidence of gastrointestinal disorders in animals. This is particularly important in commercial farming, where the health and productivity of animals are directly tied to the quality of feed.
Furthermore, liquorice extract contains compounds that have antioxidant and anti-inflammatory properties, which can contribute to improving the immune system of livestock. This helps in reducing the reliance on antibiotics and other synthetic chemicals, supporting the growing trend of antibiotic-free animal farming. With increasing concerns about animal welfare and sustainability, the demand for natural and safe feed additives like liquorice extract is likely to rise. The feed industry's continued interest in sustainable, plant-based ingredients will further drive the growth of liquorice extract in this sector, as it offers a natural alternative to synthetic additives in animal nutrition.
The "Others" segment in the liquorice extract market includes various niche applications, such as its use in the tobacco industry, for flavoring purposes in products like cigarettes and cigars. Additionally, liquorice extract is used in the production of some beverages, including herbal liqueurs and alcoholic drinks, where its flavoring properties add a distinct taste. This segment also encompasses its use in traditional and alternative medicine for various purposes, such as detoxification, liver protection, and energy boosting. Other applications include its use in cleaning products, where it can act as a natural preservative, and in various personal care items not classified under cosmetics.
The "Others" segment is driven by the continued exploration of new applications for liquorice extract, particularly in industries focused on sustainability and natural product development. As consumer demand for plant-based, eco-friendly, and chemical-free products grows, liquorice extract is expected to see increased adoption across these unconventional and innovative uses. The versatility of liquorice extract across different sectors ensures that it will remain a valuable ingredient in a wide array of products beyond the major industry segments.
Several key trends and opportunities are shaping the future of the liquorice extract market. One of the most significant trends is the increasing demand for natural and organic ingredients across various industries, driven by consumer preference for healthier, more sustainable alternatives. This trend is particularly evident in the food, pharmaceutical, and cosmetic industries, where liquorice extract is seen as a versatile, natural solution for a wide range of applications. Additionally, the growing awareness of the potential health benefits of liquorice extract, including its anti-inflammatory, antimicrobial, and antioxidant properties, is further boosting its demand in these sectors.
Another important trend is the shift towards clean-label products, which is encouraging manufacturers to use natural ingredients like liquorice extract in their formulations. As consumers become more conscious of the ingredients in the products they use, there is a strong market opportunity for companies that incorporate liquorice extract as a key ingredient. Furthermore, the rise in plant-based diets and the focus on sustainable, eco-friendly ingredients are driving innovation in the use of liquorice extract in areas such as animal feed and natural personal care products. Companies that can capitalize on these trends are well-positioned to gain a competitive advantage in the growing liquorice extract market.
1. What is liquorice extract used for?
Liquorice extract is used in pharmaceuticals, food, cosmetics, and animal feed for its sweetening, medicinal, and skin-enhancing properties.
2. Is liquorice extract safe for consumption?
In moderation, liquorice extract is generally safe, but excessive consumption can cause side effects such as high blood pressure or potassium imbalance.
3. What are the health benefits of liquorice extract?
Liquorice extract is known for its anti-inflammatory, anti-viral, and anti-cancer properties, offering therapeutic benefits for various health conditions.
4. How is liquorice extract used in the food industry?
Liquorice extract is used as a natural sweetener and flavoring agent in confectionery, beverages, and baked goods.
5. Can liquorice extract be used in skincare products?
Yes, liquorice extract is widely used in skincare products for its brightening, anti-inflamma
For More Information or Query, Visit @ Liquorice Extract Market Size And Forecast 2025-2030