United States (US) Licorice Root Market (2025-2031) | Segmentation, Value, Analysis, Competitive Landscape, Share, Industry, Growth, Size & Revenue, Forecast, Outlook, Trends, Companies

Name: United States (US) Licorice Root Market (2025-2031) | Trends & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Product Form (Roots, Extracts), By Product Type (Essential Oils, Liquid Malt Extract, Oleoresins, Herbs and Spices Dry Malt Extract, Malt Flour), By Function Type (Performance Enhancers, Palatability Enhancers), By Grade Type (Standard Malt, Caramelized Malt, Roasted Malt), By Raw Material Type (Maize, Barley, Wheat, Rice, Rye, Oat), By Ingredient Type (Lipids, Protein, Polysaccharide, Others), By End User (Food and Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, Dietary Supplement) And Competitive Landscape

Product Code: ETC9969199	Publication Date: Sep 2024	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Dhaval Chaurasia	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

United States (US) Licorice Root Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The United States experienced a significant increase in licorice root import shipments in 2024, with top exporting countries including India, Sweden, Spain, China, and Turkey. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), decreased from moderate to low concentration, indicating a more diverse import market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 97.81%, with a notable growth rate of 32.69% from 2023 to 2024. This data suggests a growing demand for licorice root in the United States, driven by imports from a variety of countries.

United States (US) Licorice Root Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

United States (US) Licorice Root Market Outlook
Market Size of United States (US) Licorice Root Market, 2024
Forecast of United States (US) Licorice Root Market, 2031
Historical Data and Forecast of United States (US) Licorice Root Revenues & Volume for the Period 2021- 2031
United States (US) Licorice Root Market Trend Evolution
United States (US) Licorice Root Market Drivers and Challenges
United States (US) Licorice Root Price Trends
United States (US) Licorice Root Porter's Five Forces
United States (US) Licorice Root Industry Life Cycle
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Product Form for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Roots for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Extracts for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Product Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Essential Oils for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Liquid Malt Extract for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Oleoresins for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Herbs and Spices Dry Malt Extract for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Malt Flour for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Function Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Performance Enhancers for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Palatability Enhancers for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Grade Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Standard Malt for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Caramelized Malt for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Roasted Malt for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Raw Material Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Maize for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Barley for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Wheat for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Rice for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Rye for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Oat for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Ingredient Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Lipids for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Protein for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Polysaccharide for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By End User for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Food and Beverage Industry for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Tobacco Industry for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Pharmaceutical Industry for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Cosmetic Industry for the Period 2021- 2031
Historical Data and Forecast of United States (US) Licorice Root Market Revenues & Volume By Dietary Supplement for the Period 2021- 2031
United States (US) Licorice Root Import Export Trade Statistics
Market Opportunity Assessment By Product Form
Market Opportunity Assessment By Product Type
Market Opportunity Assessment By Function Type
Market Opportunity Assessment By Grade Type
Market Opportunity Assessment By Raw Material Type
Market Opportunity Assessment By Ingredient Type
Market Opportunity Assessment By End User
United States (US) Licorice Root Top Companies Market Share
United States (US) Licorice Root Competitive Benchmarking By Technical and Operational Parameters
United States (US) Licorice Root Company Profiles
United States (US) Licorice Root Key Strategic Recommendations

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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 United States (US) Licorice Root Market Overview

3.1 United States (US) Country Macro Economic Indicators

3.2 United States (US) Licorice Root Market Revenues & Volume, 2021 & 2031F

3.3 United States (US) Licorice Root Market - Industry Life Cycle

3.4 United States (US) Licorice Root Market - Porter's Five Forces

3.5 United States (US) Licorice Root Market Revenues & Volume Share, By Product Form, 2021 & 2031F

3.6 United States (US) Licorice Root Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.7 United States (US) Licorice Root Market Revenues & Volume Share, By Function Type, 2021 & 2031F

3.8 United States (US) Licorice Root Market Revenues & Volume Share, By Grade Type, 2021 & 2031F

3.9 United States (US) Licorice Root Market Revenues & Volume Share, By Raw Material Type, 2021 & 2031F

3.10 United States (US) Licorice Root Market Revenues & Volume Share, By Ingredient Type, 2021 & 2031F

3.11 United States (US) Licorice Root Market Revenues & Volume Share, By End User, 2021 & 2031F

4 United States (US) Licorice Root Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing consumer awareness about the health benefits of licorice root

4.2.2 Growing demand for natural and herbal products in the US

4.2.3 Rising popularity of traditional and alternative medicine practices

4.3 Market Restraints

4.3.1 Stringent regulations regarding the use of licorice root in certain products

4.3.2 Concerns about potential side effects and interactions with medications

4.3.3 Fluctuations in licorice root supply due to environmental factors

5 United States (US) Licorice Root Market Trends

6 United States (US) Licorice Root Market, By Types

6.1 United States (US) Licorice Root Market, By Product Form

6.1.1 Overview and Analysis

6.1.2 United States (US) Licorice Root Market Revenues & Volume, By Product Form, 2021- 2031F

6.1.3 United States (US) Licorice Root Market Revenues & Volume, By Roots, 2021- 2031F

6.1.4 United States (US) Licorice Root Market Revenues & Volume, By Extracts, 2021- 2031F

6.2 United States (US) Licorice Root Market, By Product Type

6.2.1 Overview and Analysis

6.2.2 United States (US) Licorice Root Market Revenues & Volume, By Essential Oils, 2021- 2031F

6.2.3 United States (US) Licorice Root Market Revenues & Volume, By Liquid Malt Extract, 2021- 2031F

6.2.4 United States (US) Licorice Root Market Revenues & Volume, By Oleoresins, 2021- 2031F

6.2.5 United States (US) Licorice Root Market Revenues & Volume, By Herbs and Spices Dry Malt Extract, 2021- 2031F

6.2.6 United States (US) Licorice Root Market Revenues & Volume, By Malt Flour, 2021- 2031F

6.3 United States (US) Licorice Root Market, By Function Type

6.3.1 Overview and Analysis

6.3.2 United States (US) Licorice Root Market Revenues & Volume, By Performance Enhancers, 2021- 2031F

6.3.3 United States (US) Licorice Root Market Revenues & Volume, By Palatability Enhancers, 2021- 2031F

6.4 United States (US) Licorice Root Market, By Grade Type

6.4.1 Overview and Analysis

6.4.2 United States (US) Licorice Root Market Revenues & Volume, By Standard Malt, 2021- 2031F

6.4.3 United States (US) Licorice Root Market Revenues & Volume, By Caramelized Malt, 2021- 2031F

6.4.4 United States (US) Licorice Root Market Revenues & Volume, By Roasted Malt, 2021- 2031F

6.5 United States (US) Licorice Root Market, By Raw Material Type

6.5.1 Overview and Analysis

6.5.2 United States (US) Licorice Root Market Revenues & Volume, By Maize, 2021- 2031F

6.5.3 United States (US) Licorice Root Market Revenues & Volume, By Barley, 2021- 2031F

6.5.4 United States (US) Licorice Root Market Revenues & Volume, By Wheat, 2021- 2031F

6.5.5 United States (US) Licorice Root Market Revenues & Volume, By Rice, 2021- 2031F

6.5.6 United States (US) Licorice Root Market Revenues & Volume, By Rye, 2021- 2031F

6.5.7 United States (US) Licorice Root Market Revenues & Volume, By Oat, 2021- 2031F

6.6 United States (US) Licorice Root Market, By Ingredient Type

6.6.1 Overview and Analysis

6.6.2 United States (US) Licorice Root Market Revenues & Volume, By Lipids, 2021- 2031F

6.6.3 United States (US) Licorice Root Market Revenues & Volume, By Protein, 2021- 2031F

6.6.4 United States (US) Licorice Root Market Revenues & Volume, By Polysaccharide, 2021- 2031F

6.6.5 United States (US) Licorice Root Market Revenues & Volume, By Others, 2021- 2031F

6.7 United States (US) Licorice Root Market, By End User

6.7.1 Overview and Analysis

6.7.2 United States (US) Licorice Root Market Revenues & Volume, By Food and Beverage Industry, 2021- 2031F

6.7.3 United States (US) Licorice Root Market Revenues & Volume, By Tobacco Industry, 2021- 2031F

6.7.4 United States (US) Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F

6.7.5 United States (US) Licorice Root Market Revenues & Volume, By Cosmetic Industry, 2021- 2031F

6.7.6 United States (US) Licorice Root Market Revenues & Volume, By Dietary Supplement, 2021- 2031F

7 United States (US) Licorice Root Market Import-Export Trade Statistics

7.1 United States (US) Licorice Root Market Export to Major Countries

7.2 United States (US) Licorice Root Market Imports from Major Countries

8 United States (US) Licorice Root Market Key Performance Indicators

8.1 Number of new licorice root-based products introduced in the US market

8.2 Consumer perception and acceptance of licorice root as a health ingredient

8.3 Growth in the number of licorice root suppliers and cultivation areas in the US

9 United States (US) Licorice Root Market - Opportunity Assessment

9.1 United States (US) Licorice Root Market Opportunity Assessment, By Product Form, 2021 & 2031F

9.2 United States (US) Licorice Root Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.3 United States (US) Licorice Root Market Opportunity Assessment, By Function Type, 2021 & 2031F

9.4 United States (US) Licorice Root Market Opportunity Assessment, By Grade Type, 2021 & 2031F

9.5 United States (US) Licorice Root Market Opportunity Assessment, By Raw Material Type, 2021 & 2031F

9.6 United States (US) Licorice Root Market Opportunity Assessment, By Ingredient Type, 2021 & 2031F

9.7 United States (US) Licorice Root Market Opportunity Assessment, By End User, 2021 & 2031F

10 United States (US) Licorice Root Market - Competitive Landscape

10.1 United States (US) Licorice Root Market Revenue Share, By Companies, 2024

10.2 United States (US) Licorice Root Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

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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