Product Code: ETC389001 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The China Licorice Extract Market could see a tapering of growth rates over 2025 to 2029. Although the growth rate starts strong at 8.56% in 2025, it steadily loses momentum, ending at 6.21% by 2029.
The Licorice Extract Market in China is growing as licorice extract is increasingly used in various industries, including food and beverages, pharmaceuticals, and cosmetics. Licorice extract is valued for its natural sweetness, flavor-enhancing properties, and potential health benefits. The market expansion is driven by the rising demand for natural and functional ingredients, advancements in licorice extraction technologies, and the growing popularity of licorice-based products. Innovations in licorice extract formulations and the development of new applications support market growth. The emphasis on product quality and meeting consumer preferences contributes to the demand for licorice extract.
The licorice extract market in China is influenced by the growing demand for licorice extract as a natural ingredient used in pharmaceuticals, food and beverages, and personal care products. Licorice extract is valued for its medicinal properties, flavoring capabilities, and potential health benefits. The rise in health consciousness, the expanding natural product market, and advancements in licorice extraction technologies support market growth. Additionally, the focus on improving extract quality, sustainability, and application range contributes to market expansion.
The licorice extract market in China faces challenges related to raw material sourcing and regulatory compliance. Securing a stable supply of high-quality licorice while managing production costs and addressing competition from alternative extracts is crucial. The market must also ensure compliance with industry standards and regulations for product safety and quality. Adapting to changing consumer preferences and market trends adds further complexity.
The licorice extract market in China is influenced by government regulations focused on product safety, quality control, and environmental impact. Regulations ensure that licorice extract meets safety standards for use in food, pharmaceuticals, and cosmetics. The government promotes the use of natural ingredients and supports sustainable production practices. Policies related to labeling and trade impact the market dynamics and availability of licorice extract products.