Malaysia Licorice Extract Market (2025-2031) Outlook | Size, Revenue, Companies, Value, Analysis, Growth, Share, Industry, Forecast & Trends

Malaysia Licorice Extract Market Synopsis

The Malaysia licorice extract market is witnessing steady growth, driven by its various applications in the food and beverage, pharmaceutical, and cosmetic industries. The natural sweetness and potential health benefits associated with licorice make it a sought-after ingredient in these sectors.

Drivers of the Market

The licorice extract market in Malaysia is poised for substantial growth. This can be attributed to the widespread application of licorice in the pharmaceutical and food industries. The natural sweetness and medicinal properties of licorice make it a popular ingredient. Furthermore, the rising awareness of the health benefits associated with licorice, such as its anti-inflammatory and antioxidant properties, is driving its demand in various products.

Challenges of the Market

The licorice extract market in Malaysia is anticipated to witness steady growth, driven by its applications in confectionery, herbal medicines, and cosmetics. However, challenges include the need for sustainable sourcing of licorice root and adherence to regulatory requirements for its use in various products.

COVID-19 Impact on the Market

Similar to hops extract, the licorice extract market experienced challenges as the pandemic led to a decline in the production and consumption of confectionery and herbal products. Licorice extract is commonly used in these industries. Despite initial setbacks, the market is expected to rebound as consumer preferences for natural and herbal ingredients continue to grow.

Key Players in the Market

Licorice extract has found its way into various industries, including pharmaceuticals, cosmetics, and food products, in Malaysia. Leading companies like Malaysia Licorice Corporation Berhad have established a strong presence in this market. The market outlook for licorice extract remains positive, driven by its wide range of applications in traditional medicine and modern industries alike. As consumer awareness of the health benefits associated with licorice extract continues to grow, the market is likely to witness sustained demand.

Key Highlights of the Report:

• Malaysia Licorice Extract Market Outlook
• Market Size of Malaysia Licorice Extract Market, 2024
• Forecast of Malaysia Licorice Extract Market, 2031
• Historical Data and Forecast of Malaysia Licorice Extract Revenues & Volume for the Period 2021-2031
• Malaysia Licorice Extract Market Trend Evolution
• Malaysia Licorice Extract Market Drivers and Challenges
• Malaysia Licorice Extract Price Trends
• Malaysia Licorice Extract Porter's Five Forces
• Malaysia Licorice Extract Industry Life Cycle
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Product Type for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Food Grade for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Feed Grade for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Pharmaceutical Grade for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Form for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Powder for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Liquid for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Block for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Food & Beverages for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Pharmaceutical for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Tobacco for the Period 2021-2031
• Historical Data and Forecast of Malaysia Licorice Extract Market Revenues & Volume By Others for the Period 2021-2031
• Malaysia Licorice Extract Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Application
• Malaysia Licorice Extract Top Companies Market Share
• Malaysia Licorice Extract Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Licorice Extract Company Profiles
• Malaysia Licorice Extract Key Strategic Recommendations