| Product Code: ETC13144583 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Licorice Root Market was valued at USD 1.1 Billion in 2024 and is expected to reach USD 1.5 Billion by 2031, growing at a compound annual growth rate of 4.70% during the forecast period (2025-2031).
The Global Licorice Root Market is experiencing growth driven by increasing consumer awareness about the health benefits of licorice root, which is known for its anti-inflammatory, anti-viral, and digestive properties. The market is also influenced by the rising demand for natural ingredients in the food and beverage industry, as licorice root is commonly used as a natural sweetener and flavoring agent. Additionally, the pharmaceutical sector is a key contributor to the market growth, with licorice root being used in traditional medicine and herbal supplements. Asia-Pacific region dominates the market due to the presence of key licorice root producing countries like China and Iran. The market is characterized by key players focusing on product innovation, sustainable sourcing practices, and expanding their product portfolios to cater to the growing demand for licorice root globally.
The Global Licorice Root Market is witnessing a growing trend towards natural and herbal ingredients in the food and beverage industry, driving the demand for licorice root as a natural sweetener and flavor enhancer. With an increasing consumer preference for organic and clean label products, there is a rising opportunity for manufacturers to innovate and develop new licorice-based products across various sectors such as confectionery, beverages, and pharmaceuticals. Additionally, the rising awareness about the health benefits of licorice root, such as its anti-inflammatory and digestive properties, is further boosting its demand in the market. Companies can capitalize on this trend by expanding their product portfolios to cater to the evolving consumer preferences for natural and functional ingredients.
The Global Licorice Root Market faces several challenges, including fluctuations in raw material prices due to factors such as climate change and geopolitical issues impacting licorice cultivation. Additionally, regulatory constraints and quality control issues related to the glycyrrhizin content in licorice root pose challenges for manufacturers and exporters. Competition from alternative sweeteners and herbal remedies also affects market demand for licorice root products. Furthermore, sustainability concerns regarding overharvesting of licorice plants and the environmental impact of large-scale cultivation practices present challenges for the industry. To overcome these obstacles, market players need to focus on sustainable sourcing practices, invest in research and development for product innovation, and adapt to changing consumer preferences towards natural and healthy ingredients.
The Global Licorice Root Market is primarily driven by the increasing demand for natural and herbal ingredients in the food and beverage industry, as licorice root is known for its various health benefits and sweet flavor. Additionally, the growing awareness among consumers regarding the medicinal properties of licorice root, such as its anti-inflammatory and digestive health benefits, is fueling its market growth. The rising popularity of licorice root as a key ingredient in traditional medicine practices, skincare products, and herbal supplements is also contributing to the market expansion. Furthermore, the increasing use of licorice root extract in the pharmaceutical industry for its therapeutic properties and in the cosmetic industry for its skin-brightening and anti-aging effects is driving the market demand globally.
Government policies related to the Global Licorice Root Market vary by country, with regulations often focused on cultivation, processing, and trade of licorice root. In countries like China and Iran, which are major producers of licorice root, policies may include guidelines on cultivation practices, quality standards, and export regulations. In the European Union and the United States, government agencies such as the FDA and EFSA regulate the use of licorice root in food and herbal products, ensuring safety and labeling requirements are met. Additionally, there may be restrictions on the harvesting of wild licorice root to prevent overexploitation and protect biodiversity. Overall, government policies aim to balance the economic benefits of the licorice root industry with environmental sustainability and consumer safety concerns.
The Global Licorice Root Market is poised for steady growth in the coming years, driven by the increasing awareness of the health benefits associated with licorice root consumption. The rising demand for natural and herbal ingredients in food, pharmaceutical, and personal care products is also expected to fuel market expansion. Additionally, the growing popularity of traditional medicine practices, such as Ayurveda and traditional Chinese medicine, which often utilize licorice root, will further contribute to market growth. However, factors such as fluctuating raw material prices and stringent regulations on licorice root cultivation and processing may pose challenges to market players. Overall, with the increasing consumer preference for natural ingredients and the expanding applications of licorice root in various industries, the Global Licorice Root Market is anticipated to exhibit a positive outlook in the foreseeable future.
In the global licorice root market, Asia holds a dominant position as the largest producer and consumer of licorice root due to its long history of traditional medicine and culinary use. North America and Europe are significant markets for licorice root-based products, particularly in the pharmaceutical and confectionery industries. The Middle East and Africa region also contributes to the market growth, with a rising demand for natural ingredients in the food and beverage sector. Latin America is witnessing a growing trend towards herbal remedies and natural sweeteners, driving the demand for licorice root in the region. Overall, the global licorice root market is experiencing steady growth across regions, fueled by the increasing awareness of the health benefits and versatile applications of licorice root in various industries.
Global Licorice Root Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Licorice Root Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Licorice Root Market Revenues & Volume, 2021 & 2031F |
3.3 Global Licorice Root Market - Industry Life Cycle |
3.4 Global Licorice Root Market - Porter's Five Forces |
3.5 Global Licorice Root Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.7 Global Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Global Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
3.9 Global Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F |
3.10 Global Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F |
3.11 Global Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F |
3.12 Global Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Licorice Root Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Licorice Root Market Trends |
6 Global Licorice Root Market, 2021 - 2031 |
6.1 Global Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Licorice Root Market, Revenues & Volume, By Roots, 2021 - 2031 |
6.1.3 Global Licorice Root Market, Revenues & Volume, By Extracts, 2021 - 2031 |
6.2 Global Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Licorice Root Market, Revenues & Volume, By Essential Oils, 2021 - 2031 |
6.2.3 Global Licorice Root Market, Revenues & Volume, By Liquid Malt Extract, 2021 - 2031 |
6.2.4 Global Licorice Root Market, Revenues & Volume, By Oleoresins, 2021 - 2031 |
6.2.5 Global Licorice Root Market, Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021 - 2031 |
6.2.6 Global Licorice Root Market, Revenues & Volume, By Malt Flour, 2021 - 2031 |
6.3 Global Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Licorice Root Market, Revenues & Volume, By Performance Enhancers, 2021 - 2031 |
6.3.3 Global Licorice Root Market, Revenues & Volume, By Palatability Enhancers, 2021 - 2031 |
6.4 Global Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Licorice Root Market, Revenues & Volume, By Standard Malt, 2021 - 2031 |
6.4.3 Global Licorice Root Market, Revenues & Volume, By Caramelized Malt, 2021 - 2031 |
6.4.4 Global Licorice Root Market, Revenues & Volume, By Roasted Malt, 2021 - 2031 |
6.5 Global Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Licorice Root Market, Revenues & Volume, By Maize, 2021 - 2031 |
6.5.3 Global Licorice Root Market, Revenues & Volume, By Barley, 2021 - 2031 |
6.5.4 Global Licorice Root Market, Revenues & Volume, By Wheat, 2021 - 2031 |
6.5.5 Global Licorice Root Market, Revenues & Volume, By Rice, 2021 - 2031 |
6.5.6 Global Licorice Root Market, Revenues & Volume, By Rye, 2021 - 2031 |
6.5.7 Global Licorice Root Market, Revenues & Volume, By Oat, 2021 - 2031 |
6.6 Global Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
6.6.1 Overview & Analysis |
6.6.2 Global Licorice Root Market, Revenues & Volume, By Lipids, 2021 - 2031 |
6.6.3 Global Licorice Root Market, Revenues & Volume, By Protein, 2021 - 2031 |
6.6.4 Global Licorice Root Market, Revenues & Volume, By Polysaccharide, 2021 - 2031 |
6.6.5 Global Licorice Root Market, Revenues & Volume, By Others, 2021 - 2031 |
6.7 Global Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
6.7.1 Overview & Analysis |
6.7.2 Global Licorice Root Market, Revenues & Volume, By Food and Beverage Industry, 2021 - 2031 |
6.7.3 Global Licorice Root Market, Revenues & Volume, By Tobacco Industry, 2021 - 2031 |
6.7.4 Global Licorice Root Market, Revenues & Volume, By Pharmaceutical Industry, 2021 - 2031 |
6.7.5 Global Licorice Root Market, Revenues & Volume, By Cosmetic Industry, 2021 - 2031 |
6.7.6 Global Licorice Root Market, Revenues & Volume, By Dietary Supplement, 2021 - 2031 |
7 North America Licorice Root Market, Overview & Analysis |
7.1 North America Licorice Root Market Revenues & Volume, 2021 - 2031 |
7.2 North America Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Licorice Root Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Licorice Root Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Licorice Root Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
7.4 North America Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.5 North America Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
7.6 North America Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
7.7 North America Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
7.8 North America Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
7.9 North America Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Licorice Root Market, Overview & Analysis |
8.1 Latin America (LATAM) Licorice Root Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Licorice Root Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Licorice Root Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Licorice Root Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Licorice Root Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
8.4 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.5 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
8.6 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
8.7 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
8.8 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
8.9 Latin America (LATAM) Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Licorice Root Market, Overview & Analysis |
9.1 Asia Licorice Root Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Licorice Root Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Licorice Root Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Licorice Root Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Licorice Root Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
9.4 Asia Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.5 Asia Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
9.6 Asia Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
9.7 Asia Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
9.8 Asia Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
9.9 Asia Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Licorice Root Market, Overview & Analysis |
10.1 Africa Licorice Root Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Licorice Root Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Licorice Root Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Licorice Root Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Licorice Root Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
10.4 Africa Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.5 Africa Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
10.6 Africa Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
10.7 Africa Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
10.8 Africa Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
10.9 Africa Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Licorice Root Market, Overview & Analysis |
11.1 Europe Licorice Root Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Licorice Root Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Licorice Root Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Licorice Root Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Licorice Root Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
11.4 Europe Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.5 Europe Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
11.6 Europe Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
11.7 Europe Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
11.8 Europe Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
11.9 Europe Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Licorice Root Market, Overview & Analysis |
12.1 Middle East Licorice Root Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Licorice Root Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Licorice Root Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Licorice Root Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Licorice Root Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Licorice Root Market, Revenues & Volume, By Product Form, 2021 - 2031 |
12.4 Middle East Licorice Root Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.5 Middle East Licorice Root Market, Revenues & Volume, By Function Type, 2021 - 2031 |
12.6 Middle East Licorice Root Market, Revenues & Volume, By Grade Type, 2021 - 2031 |
12.7 Middle East Licorice Root Market, Revenues & Volume, By Raw Material Type, 2021 - 2031 |
12.8 Middle East Licorice Root Market, Revenues & Volume, By Ingredient Type, 2021 - 2031 |
12.9 Middle East Licorice Root Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Licorice Root Market Key Performance Indicators |
14 Global Licorice Root Market - Export/Import By Countries Assessment |
15 Global Licorice Root Market - Opportunity Assessment |
15.1 Global Licorice Root Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F |
15.3 Global Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.4 Global Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F |
15.5 Global Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F |
15.6 Global Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F |
15.7 Global Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F |
15.8 Global Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Licorice Root Market - Competitive Landscape |
16.1 Global Licorice Root Market Revenue Share, By Companies, 2024 |
16.2 Global Licorice Root Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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