Europe Glycyrrhetinic Acid Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Europe Glycyrrhetinic Acid Market has been experiencing significant growth, driven by the increasing demand from various industries such as pharmaceuticals, cosmetics, and food & beverages. Glycyrrhetinic acid, derived from licorice root, is highly valued for its anti-inflammatory, antioxidant, and antimicrobial properties. These properties make it a crucial ingredient in a wide range of applications across different sectors.
Pharmaceutical companies are one of the primary consumers of glycyrrhetinic acid in Europe. It is widely used in the formulation of anti-inflammatory drugs, especially for conditions like ulcers, respiratory issues, and liver diseases. The ability of glycyrrhetinic acid to promote wound healing and its hepatoprotective properties makes it a staple in the treatment of liver diseases, enhancing its market demand in the pharmaceutical industry.
In the cosmetics industry, glycyrrhetinic acid is a key ingredient in skin care products. It is frequently used in lotions, creams, and serums due to its anti-inflammatory effects and its ability to lighten skin by reducing hyperpigmentation. Its versatility in preventing skin aging and promoting healthy skin has made it a popular choice among beauty product manufacturers. With the growing consumer awareness of skin health and beauty trends, the demand for glycyrrhetinic acid in Europe is expected to increase steadily.
The food and beverage sector also contributes to the increasing need for glycyrrhetinic acid. The compound is used as a natural flavoring agent and a sweetener in many food products. Its low glycemic index makes it a suitable alternative for diabetic-friendly food formulations. As the demand for healthier food options grows, more manufacturers are turning to glycyrrhetinic acid as a key ingredient to meet these requirements.
Overall, the Glycyrrhetinic Acid Market in Europe is poised for continuous growth, fueled by its essential role in diverse industries. This growing need across pharmaceuticals, cosmetics, and food & beverages is setting the stage for further expansion in the coming years.
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Fujie Pharmaceutical
Qinghai Lake Pharmaceutical
Select Botanical
Givaudan (Indena S.p.A.)
Alchem International
TIANSHAN Pharmaceuticals
GfN & Selco
Jiangshu Tiansheng Pharmaceutical
Gansu Fanzhi 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 Europe Glycyrrhetinic Acid Market
Anti-inflammatory Products
Antiviral Medications
Gastrointestinal Health
Licorice Root Extract
Other Herbal Extracts
Glycyrrhetinic Acid Powder
Glycyrrhetinic Acid Liquid
Glycyrrhetinic Acid Creams and Gels
Healthcare Professionals
Cosmetic Manufacturers
Food Producers
Research Institutions
Company Websites
E-commerce Platforms
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Glycyrrhetinic Acid 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. Europe Glycyrrhetinic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Glycyrrhetinic Acid Market, By Type
6. Europe Glycyrrhetinic Acid Market, By Application
7. Europe Glycyrrhetinic Acid Market, By Geography
Europe
Germany
UK
France
8. Europe Glycyrrhetinic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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