North America Glycyrrhizin Market to Witness 6.4% CAGR by 2031

North America Glycyrrhizin Market 2025 | Trends Insight with Future Aspect Analysis

Executive Summary

The Glycyrrhizin market is poised to experience steady growth from 2025 to 2031, with an estimated CAGR of 6.4%. Glycyrrhizin, a natural sweetener and active compound derived from licorice root, is gaining increasing attention across multiple industries, including pharmaceuticals, food and beverages, cosmetics, and traditional medicine. Its unique properties, such as anti-inflammatory, anti-viral, and hepatoprotective effects, are driving its demand in various applications. The growing preference for natural ingredients, coupled with a rise in consumer awareness of health benefits, is expected to fuel the market's growth over the forecast period.

1. Introduction

Glycyrrhizin, the primary bioactive compound derived from the root of the licorice plant (Glycyrrhiza glabra), has been utilized for centuries in traditional medicine. It has a variety of beneficial pharmacological properties, including anti-inflammatory, anti-viral, anti-cancer, and liver-protective effects. These properties make glycyrrhizin increasingly popular in the pharmaceutical, food and beverage, and cosmetics industries.

The global glycyrrhizin market is witnessing a significant upward trend due to the increasing demand for natural, plant-based ingredients, combined with the compound's diverse therapeutic and functional applications. This report provides an in-depth analysis of the market, including key drivers, challenges, opportunities, regional insights, and market forecasts through 2031.

2. Market Dynamics

2.1 Drivers

• Growing Demand for Natural Ingredients: As consumers become more conscious of the ingredients in the products they consume, there is a marked shift towards natural and plant-based alternatives. Glycyrrhizin, being derived from licorice root, aligns with this trend, making it a sought-after ingredient in the food, beverage, and cosmetic industries.
  
  

• Pharmaceutical and Therapeutic Benefits: Glycyrrhizin’s pharmacological properties, including its anti-inflammatory, antiviral, and anti-cancer activities, make it an essential component in modern medicine. It is also used as a hepatoprotective agent, which is contributing to its growing demand in liver disease treatments. Its potential use in managing conditions like COVID-19 and Hepatitis C further supports its market growth.
  
  

• Cosmetic and Skincare Applications: Glycyrrhizin is gaining popularity in the cosmetics industry due to its ability to soothe skin, reduce hyperpigmentation, and promote anti-aging effects. These qualities are driving the inclusion of glycyrrhizin in various skincare and beauty products.
  
  

• Increase in Traditional and Herbal Medicine: The rise in global interest in traditional and herbal medicine is driving the demand for glycyrrhizin as it has been used in ancient treatments, particularly in Asian and European cultures. This growing preference for herbal and natural remedies in treating ailments is a crucial factor contributing to the market's growth.
  
  

• Expanding Use in Food and Beverages: Glycyrrhizin is a natural sweetener and is being used increasingly in food and beverages as a sugar substitute or flavor enhancer. This is particularly true in markets with rising demand for sugar-free, low-calorie, or natural sweetener options, such as in soft drinks and candies.
  
  

2.2 Restraints

• Health Concerns Related to Excessive Consumption: While glycyrrhizin offers numerous health benefits, excessive consumption can lead to adverse effects such as high blood pressure and hypokalemia. The risks associated with glycyrrhizin when consumed in large amounts may limit its use and acceptance, especially in markets with strict health regulations.
  
  

• Regulatory Issues: The use of glycyrrhizin is subject to varying regulatory standards across different regions, particularly in the food and pharmaceutical sectors. Regulatory barriers and restrictions on glycyrrhizin content in certain products can pose challenges for market growth.
  
  

• Availability and Harvesting Issues: The production of glycyrrhizin relies heavily on the availability of licorice plants. Climate change and challenges related to the farming of licorice plants could lead to fluctuations in the availability of glycyrrhizin, which in turn could impact the market’s supply chain.
  
  

2.3 Opportunities

• Rising Popularity of Sugar Substitutes: As global obesity rates increase and consumers demand healthier alternatives to sugar, glycyrrhizin's potential as a low-calorie, natural sweetener presents an excellent opportunity for market expansion, particularly in the food and beverage sector.
  
  

• Expansion in Emerging Markets: The rising disposable incomes and increasing demand for functional foods, natural remedies, and skincare products in emerging economies such as India, China, Brazil, and Southeast Asia present a vast opportunity for growth in the glycyrrhizin market.
  
  

• Product Innovations: The development of new formulations and delivery methods for glycyrrhizin, such as enhanced solubility and bioavailability, can expand its application base across industries. This innovation can enhance its attractiveness for use in new therapeutic areas and consumer products.
  
  

• Prevention and Treatment of Liver Diseases: The hepatoprotective properties of glycyrrhizin position it as a potential treatment for liver diseases. With increasing incidences of liver disorders globally, the demand for products containing glycyrrhizin in pharmaceutical formulations could see a significant uptick.
  
  

2.4 Challenges

• Side Effects and Toxicity: High doses of glycyrrhizin may lead to potential side effects such as hypertension, potassium deficiency, and water retention. These adverse effects limit its widespread use and may lead to stricter regulatory controls or warnings on products containing glycyrrhizin.
  
  

• Competition from Other Natural Ingredients: Glycyrrhizin faces competition from other natural sweeteners like stevia, monk fruit extract, and xylitol, as well as other herbal ingredients used in traditional medicine. The preference for other plant-based compounds with fewer side effects could pose a challenge to the growth of the glycyrrhizin market.
  
  

• Supply Chain Limitations: Licorice plants, the primary source of glycyrrhizin, require specific growing conditions, and their production is limited to certain geographic regions. This creates supply chain challenges, especially in terms of price fluctuations and availability.

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3. Market Segmentation

3.1 By Application

• Pharmaceuticals: Glycyrrhizin is used extensively in the pharmaceutical industry due to its medicinal properties. It is used in the treatment of conditions such as inflammation, liver diseases, and viral infections. Its potential use as an adjunct therapy in the treatment of conditions like COVID-19 also fuels its demand in the pharmaceutical sector.
  
  

• Food and Beverages: As a natural sweetener, glycyrrhizin is increasingly being used as a sugar substitute in the food and beverage industry. Its low-calorie nature and sweet taste make it an ideal ingredient for sugar-free, low-calorie, or reduced-sugar products such as soft drinks, candies, and confectioneries.
  
  

• Cosmetics and Personal Care: Glycyrrhizin is incorporated into a variety of skincare products due to its ability to reduce skin inflammation, lighten skin pigmentation, and protect against oxidative stress. Its use in cosmetic products such as creams, lotions, and serums is growing as consumers demand more natural and effective skincare solutions.
  
  

• Traditional and Herbal Medicine: In traditional medicine, particularly in Asia and Europe, glycyrrhizin is used to treat various ailments, including respiratory conditions, digestive issues, and skin disorders. The rise in herbal medicine applications provides an expanding market for glycyrrhizin in these regions.
  
  

3.2 By Region

• North America: The North American market for glycyrrhizin is driven by its widespread use in the pharmaceutical and food industries. The increasing demand for natural and plant-based ingredients in consumer products contributes to market growth in this region.
  
  

• Europe: Europe is a key market for glycyrrhizin, particularly in the pharmaceutical and cosmetic sectors. The region's strong tradition of herbal medicine and increasing demand for natural cosmetics support the growth of the market. The European market also benefits from rising demand for alternative, plant-based sweeteners.
  
  

• Asia-Pacific: The Asia-Pacific region, particularly China and India, is expected to witness significant growth due to the traditional use of glycyrrhizin in herbal medicine. Rising disposable incomes, urbanization, and demand for natural health products contribute to the expanding market.
  
  

• Latin America: The Latin American market for glycyrrhizin is growing, with demand for natural ingredients increasing in the food, pharmaceutical, and cosmetic sectors. The rise of middle-class consumers and the increasing adoption of alternative medicine in the region will drive further growth.
  
  

• Middle East & Africa: As consumer preferences shift toward natural ingredients, the Middle East and Africa region is seeing increasing demand for glycyrrhizin in personal care products, as well as in traditional medicine formulations.

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4. Technological Advancements

• Extraction and Purification Technologies: Advancements in extraction technologies, such as supercritical CO2 extraction and solvent-free methods, are helping to improve the purity and yield of glycyrrhizin from licorice plants. These innovations make it more cost-effective and scalable for use in various industries.
  
  

• Formulation Development: Ongoing research is focused on improving the bioavailability and stability of glycyrrhizin in various formulations. This includes incorporating glycyrrhizin into nanoparticles, liposomes, and other delivery systems that enhance its effectiveness in therapeutic applications.
  
  

• Sustainable Licorice Cultivation: With growing concerns about climate change and the sustainability of natural resources, there are efforts to improve the sustainability of licorice farming. This includes developing more resilient crop varieties and adopting sustainable farming practices.
  
  

5. Market Forecast and Growth Projections

The glycyrrhizin market is projected to grow at a CAGR of 6.4% during the forecast period from 2025 to 2031. By 2031, the market size is expected to reach approximately USD 2.5 billion, up from an estimated USD 1.5 billion in 2025.

Year-by-year market projections:

• 2025: USD 1.5 billion
  
  

• 2026: USD 1.6 billion
  
  

• 2027: USD 1.7 billion
  
  

• 2028: USD 1.9 billion
  
  

• 2029: USD 2.0 billion
  
  

• 2030: USD 2.3 billion
  
  

• 2031: USD 2.5 billion