Australia Licorice Root Market (2025-2031) | Companies, Segmentation, Outlook, Size & Revenue, Trends, Industry, Competitive Landscape, Growth, Forecast, Value, Share, Analysis

Australia Licorice Root Market Overview

The licorice root market in Australia spans across the herbal supplement, pharmaceutical, and food sectors. Recognized for its anti-inflammatory and digestive benefits, licorice root is increasingly incorporated into teas, health supplements, and traditional remedies. Imports from global producers largely meet domestic demand, although there is growing interest in local cultivation for organic and specialty markets.

Trends of the market

The demand for licorice root in Australia is increasing due to its application in natural medicine, functional foods, and skincare. As consumer preference shifts toward herbal and organic products, the licorice root market is benefiting from its reputation as a natural anti-inflammatory and digestive aid. Growth is particularly strong in health supplement manufacturing and naturopathy-based wellness brands.

Challenges of the market

The Australian licorice root market faces challenges related to sustainability and regulatory concerns. While licorice root is widely used in food, beverages, and traditional medicine, there is increasing concern over its potential health risks, particularly when consumed in large quantities. The active compound glycyrrhizin in licorice root can cause high blood pressure, potassium imbalances, and other adverse effects if not consumed in moderation. Regulatory bodies have been tightening guidelines on the allowable levels of glycyrrhizin in products, which could affect market growth. Additionally, the market is affected by supply chain issues, including the need for sustainable farming practices to meet growing demand, which can increase costs for producers.

Investment opportunities in the Market

As the natural health products market flourishes, investments in licorice root cultivation, processing, and distribution hold high potential. There`s growing interest in Australian-grown botanicals, creating demand for local farms and sustainable supply chains. Investors can also explore partnerships with organic skincare brands, herbal tea companies, and supplement manufacturers using licorice extract as a key ingredient.

Government Policy of the market

In Australia, the licorice root market is governed by the Food Standards Australia New Zealand (FSANZ), which sets regulations on the safety and use of licorice products, especially those containing glycyrrhizin. The government has introduced guidelines limiting the permissible levels of glycyrrhizin in food and medicinal products due to the health risks associated with its overconsumption, such as high blood pressure. The Australian government also monitors the use of licorice in herbal medicines, ensuring that consumers are informed about the potential risks. Policies around sustainable farming practices also affect the licorice root supply chain, as the government encourages eco-friendly agricultural practices.

Key Highlights of the Report:

• Australia Licorice Root Market Outlook
• Market Size of Australia Licorice Root Market, 2024
• Forecast of Australia Licorice Root Market, 2031
• Historical Data and Forecast of Australia Licorice Root Revenues & Volume for the Period 2021- 2031
• Australia Licorice Root Market Trend Evolution
• Australia Licorice Root Market Drivers and Challenges
• Australia Licorice Root Price Trends
• Australia Licorice Root Porter's Five Forces
• Australia Licorice Root Industry Life Cycle
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Product Form for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Roots for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Extracts for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Product Type for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Essential Oils for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Liquid Malt Extract for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Oleoresins for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Herbs and Spices Dry Malt Extract for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Malt Flour for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Function Type for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Performance Enhancers for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Palatability Enhancers for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Grade Type for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Standard Malt for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Caramelized Malt for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Roasted Malt for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Raw Material Type for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Maize for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Barley for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Wheat for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Rice for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Rye for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Oat for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Ingredient Type for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Lipids for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Protein for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Polysaccharide for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Others for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By End User for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Food and Beverage Industry for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Tobacco Industry for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Pharmaceutical Industry for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Cosmetic Industry for the Period 2021- 2031
• Historical Data and Forecast of Australia Licorice Root Market Revenues & Volume By Dietary Supplement for the Period 2021- 2031
• Australia Licorice Root Import Export Trade Statistics
• Market Opportunity Assessment By Product Form
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Function Type
• Market Opportunity Assessment By Grade Type
• Market Opportunity Assessment By Raw Material Type
• Market Opportunity Assessment By Ingredient Type
• Market Opportunity Assessment By End User
• Australia Licorice Root Top Companies Market Share
• Australia Licorice Root Competitive Benchmarking By Technical and Operational Parameters
• Australia Licorice Root Company Profiles
• Australia Licorice Root Key Strategic Recommendations