China Licorice Extract Market Outlook | Revenue, Size, Companies, COVID-19 IMPACT, Growth, Trends, Share, Forecast, Value, Analysis & Industry

Market Forecast By Product Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Form (Powder, Liquid, Block), By Application (Food & Beverages, Pharmaceutical, Tobacco, Others) And Competitive Landscape
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

China Licorice Extract Market Size Growth Rate


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.

China Licorice Extract Market Growth Rate

China Licorice Extract Market Overview

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.

Drivers of the market

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.

Challenges of the market

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.

Government Policy of the market

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.

Key Highlights of the Report:

  • China Licorice Extract Market Outlook
  • Market Size of China Licorice Extract Market, 2024
  • Forecast of China Licorice Extract Market, 2031
  • Historical Data and Forecast of China Licorice Extract Revenues & Volume for the Period 2018 - 2031
  • China Licorice Extract Market Trend Evolution
  • China Licorice Extract Market Drivers and Challenges
  • China Licorice Extract Price Trends
  • China Licorice Extract Porter's Five Forces
  • China Licorice Extract Industry Life Cycle
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Product Type for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Food Grade for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Form for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Powder for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Liquid for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Block for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Application for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Tobacco for the Period 2018 - 2031
  • Historical Data and Forecast of China Licorice Extract Market Revenues & Volume By Others for the Period 2018 - 2031
  • China Licorice Extract Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • China Licorice Extract Top Companies Market Share
  • China Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
  • China Licorice Extract Company Profiles
  • China Licorice Extract Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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Africa Licorice Extract Market (2025-2031)

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Africa Licorice Extract Market (2025-2031)

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Asia Licorice Extract Market (2025-2031)

Asia Licorice Extract Market (2025-2031)

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