Trisodium Glycyrrhizinate Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
Trisodium Glycyrrhizinate (TSG), a derivative of licorice root, has emerged as a significant ingredient in various industries due to its diverse range of benefits. Widely recognized for its anti-inflammatory, antioxidant, and skin-healing properties, this compound is gaining traction in the pharmaceutical, cosmetics, food and beverages, and dietary supplements markets. The global market for Trisodium Glycyrrhizinate is expanding rapidly, driven by increasing consumer demand for natural and plant-based ingredients, growing awareness of skin health, and the expanding cosmetic industry.
This article delves into the key market insights surrounding Trisodium Glycyrrhizinate, including its market trends, applications, growth drivers, regional insights, and the leading players shaping the market landscape. Through comprehensive research and analysis, we will explore the future potential of this versatile compound and highlight emerging opportunities for businesses looking to enter or expand within this market.
Trisodium Glycyrrhizinate (TSG) is the sodium salt of glycyrrhizic acid, which is found in the roots of Glycyrrhiza glabra, commonly known as licorice. This natural compound is known for its remarkable pharmacological properties, including its ability to reduce inflammation, soothe the skin, and support various biological processes in the body. TSG is primarily used in cosmetics and skincare products due to its ability to calm irritated skin, reduce redness, and even out complexion.
In addition to its dermatological uses, Trisodium Glycyrrhizinate has applications in the pharmaceutical industry, where it is used as an anti-inflammatory agent. It is also being investigated for its potential to treat conditions like allergies, asthma, and viral infections, thanks to its antiviral and immune-boosting properties. Its role in food and beverages is gaining recognition as a natural flavor enhancer, particularly in Asian markets where licorice has long been a staple ingredient.
The Trisodium Glycyrrhizinate market has been experiencing substantial growth, fueled by several key factors:
Rise in Demand for Natural and Plant-Based Products: As consumers become more conscious of their health and the ingredients in their personal care and food products, there is a growing preference for natural and plant-derived ingredients. Trisodium Glycyrrhizinate fits perfectly into this trend, as it is sourced from licorice root and is considered a safer alternative to synthetic chemicals in skincare and pharmaceuticals.
Increasing Focus on Skin Health: The global skincare industry has witnessed explosive growth in recent years, with consumers seeking products that offer anti-aging, anti-inflammatory, and soothing benefits. TSG’s ability to reduce skin irritation, redness, and dryness has made it a popular ingredient in a wide range of skincare products.
Rising Awareness of Allergies and Inflammatory Conditions: The growing prevalence of allergic reactions and inflammatory skin conditions like eczema, psoriasis, and acne is driving demand for anti-inflammatory ingredients. TSG, with its potent anti-inflammatory properties, is increasingly being used in topical creams, ointments, and gels designed to manage such conditions.
Expansion of the Cosmetics and Personal Care Sector: The cosmetics industry continues to expand rapidly, with an increasing number of brands incorporating natural ingredients into their formulations. TSG’s popularity in the skincare and haircare segments is further bolstered by its gentle, non-irritating nature, making it suitable for sensitive skin types.
Growing Demand for Functional Foods and Supplements: In the food and beverage industry, TSG is gaining recognition for its potential benefits in managing gastrointestinal health, inflammation, and even boosting immunity. The rising demand for functional foods and supplements that offer health benefits beyond basic nutrition is creating new opportunities for TSG.
Trisodium Glycyrrhizinate is versatile and finds applications in various industries. The following are some of the key sectors where TSG is making a significant impact:
TSG is widely used in the cosmetic industry, particularly in skincare products. It is known for its ability to:
Reduce inflammation and redness, making it an ideal ingredient in products designed for sensitive or irritated skin.
Act as an antioxidant, helping to protect the skin from free radicals and premature aging.
Provide a soothing effect, making it effective in creams, lotions, and serums aimed at calming and hydrating the skin.
Brighten the skin tone and reduce hyperpigmentation, which has led to its use in skin-lightening products.
These properties make TSG an essential ingredient in products for treating acne, eczema, rosacea, and other inflammatory skin conditions. Additionally, it is also used in hair care products for its ability to nourish and strengthen hair.
TSG is used in various pharmaceutical formulations due to its anti-inflammatory, antiviral, and immune-boosting properties. It is commonly found in:
Topical creams and ointments for treating conditions like eczema, psoriasis, and other inflammatory skin disorders.
Oral supplements aimed at improving gut health and reducing inflammation in the digestive tract.
Over-the-counter medications for soothing sore throats, as TSG has antiviral properties that may help fight common cold viruses.
TSG is increasingly being used in the food and beverage industry, particularly as a natural flavoring agent. It imparts a sweet taste without the need for added sugars, making it an attractive option for healthier food products. Additionally, its potential health benefits, such as anti-inflammatory and digestive properties, make it an appealing ingredient for functional foods.
In dietary supplements, Trisodium Glycyrrhizinate is gaining traction for its anti-inflammatory and immune-boosting properties. It is often used in formulations aimed at supporting respiratory health, immune function, and digestive wellness. The growing demand for plant-based and natural supplements further contributes to TSG’s popularity in this sector.
The global market for Trisodium Glycyrrhizinate is diverse, with significant demand emerging from various regions. The following are the key regions driving market growth:
North America is one of the largest markets for Trisodium Glycyrrhizinate, driven by the region's robust pharmaceutical, cosmetic, and food industries. The increasing demand for natural and organic skincare products, along with the growing awareness of the benefits of plant-based ingredients, has led to a surge in TSG adoption in these sectors. Additionally, the rising focus on digestive health and the popularity of dietary supplements are fueling the market’s growth in the region.
Europe is another significant market for TSG, particularly in the skincare and cosmetic sectors. The region is home to some of the world’s leading cosmetic brands, many of which are incorporating natural ingredients like TSG into their formulations. The European Union’s strict regulations on cosmetic ingredients also contribute to the growing demand for safer, natural alternatives like Trisodium Glycyrrhizinate.
The Asia-Pacific region is expected to witness the fastest growth in the Trisodium Glycyrrhizinate market. This can be attributed to the region’s traditional use of licorice in food and medicinal products, especially in countries like China, Japan, and South Korea. The rising middle-class population, coupled with increasing awareness of skincare and health supplements, is driving the adoption of TSG in both personal care and dietary supplement products.
The demand for Trisodium Glycyrrhizinate in Latin America and the Middle East & Africa is expected to grow steadily. The cosmetic and personal care industries in these regions are evolving, with consumers increasingly seeking natural, plant-based products. Additionally, the rising health-consciousness and demand for functional foods and supplements are creating new growth avenues for TSG.
The Trisodium Glycyrrhizinate market is characterized by the presence of several key players that are involved in the production and supply of this compound. Some of the leading companies in the market include:
Gansu Ruisai Biotechnology Co., Ltd. – One of the largest manufacturers of TSG, specializing in the extraction and purification of licorice root derivatives.
Hangzhou Qianyang Technology Co., Ltd. – Known for its wide range of natural plant extracts, including Trisodium Glycyrrhizinate.
Salvavidas Pharmaceuticals Pvt. Ltd. – A prominent player in the pharmaceutical sector, offering T
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Shaanxi Fujie Pharmaceutical
Alps Pharmaceutical
Xinjiang Kunlunshengnong
Tiansheng Pharmaceutical
Fanzhi Group
Gansu Yalan Pharmaceutical
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 Trisodium Glycyrrhizinate Market
Application I
Application II
Application III
Based on Types the Market is categorized into Below types that held the largest Trisodium Glycyrrhizinate market share In 2023.
Product Type I
Product Type II
Product Type III
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 Trisodium Glycyrrhizinate 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 Trisodium Glycyrrhizinate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Trisodium Glycyrrhizinate Market, By Type
6. Global Trisodium Glycyrrhizinate Market, By Application
7. Global Trisodium Glycyrrhizinate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Trisodium Glycyrrhizinate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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