Product Code: ETC4628491 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Russia Licorice Extract Market is witnessing growth fueled by its applications in the food and beverage, pharmaceutical, and cosmetic industries. Licorice extract is valued for its sweetening properties and health benefits, including anti-inflammatory and antioxidant effects.
Licorice extract`s applications in pharmaceuticals, confectionery, and skincare products are driving its market growth in Russia. The extract`s natural sweetness, medicinal properties, and anti-inflammatory benefits contribute to its popularity in herbal medicine and personal care formulations.
The licorice extract market in Russia encounters challenges related to botanical sourcing, regulatory compliance, and market variability. Ensuring sustainable harvesting practices and traceability in licorice cultivation are critical for meeting international quality standards and addressing consumer demand for natural ingredients in food, beverage, and pharmaceutical applications. Navigating complex import-export regulations and managing supply chain logistics to maintain product freshness and potency further complicate market operations. Developing innovative product formulations and expanding distribution networks can capitalize on growing demand for functional food additives and herbal supplements.
The licorice extract market benefits from agricultural and pharmaceutical policies promoting the cultivation and use of licorice. These policies include subsidies for licorice growers, research funding for developing extraction techniques and applications in medicine, and quality control regulations to ensure the purity and safety of licorice extract products.
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 Russia Licorice Extract Market Overview |
3.1 Russia Country Macro Economic Indicators |
3.2 Russia Licorice Extract Market Revenues & Volume, 2021 & 2031F |
3.3 Russia Licorice Extract Market - Industry Life Cycle |
3.4 Russia Licorice Extract Market - Porter's Five Forces |
3.5 Russia Licorice Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Russia Licorice Extract Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Russia Licorice Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Russia Licorice Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for natural ingredients in the food and beverage industry |
4.2.2 Increasing awareness regarding the health benefits of licorice extract |
4.2.3 Expansion of the pharmaceutical industry in Russia |
4.3 Market Restraints |
4.3.1 Fluctuating prices of licorice root |
4.3.2 Stringent government regulations on licorice extract production |
4.3.3 Competition from alternative sweetening agents and herbal extracts |
5 Russia Licorice Extract Market Trends |
6 Russia Licorice Extract Market Segmentations |
6.1 Russia Licorice Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Russia Licorice Extract Market Revenues & Volume, By Food Grade, 2021-2031F |
6.1.3 Russia Licorice Extract Market Revenues & Volume, By Feed Grade, 2021-2031F |
6.1.4 Russia Licorice Extract Market Revenues & Volume, By Pharmaceutical Grade, 2021-2031F |
6.2 Russia Licorice Extract Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Russia Licorice Extract Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 Russia Licorice Extract Market Revenues & Volume, By Liquid, 2021-2031F |
6.2.4 Russia Licorice Extract Market Revenues & Volume, By Block, 2021-2031F |
6.3 Russia Licorice Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Russia Licorice Extract Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.3.3 Russia Licorice Extract Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.4 Russia Licorice Extract Market Revenues & Volume, By Tobacco, 2021-2031F |
6.3.5 Russia Licorice Extract Market Revenues & Volume, By Others, 2021-2031F |
7 Russia Licorice Extract Market Import-Export Trade Statistics |
7.1 Russia Licorice Extract Market Export to Major Countries |
7.2 Russia Licorice Extract Market Imports from Major Countries |
9 Russia Licorice Extract Market - Opportunity Assessment |
9.1 Russia Licorice Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Russia Licorice Extract Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Russia Licorice Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Russia Licorice Extract Market - Competitive Landscape |
10.1 Russia Licorice Extract Market Revenue Share, By Companies, 2024 |
10.2 Russia Licorice Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |