Licorice Extract Powder Market Forecast with Size and Share Analysis 2026 to 2035

Report Id: 3079 Pages: 180 Last Updated: 09 January 2026 Format: PDF / PPT / Excel / Power BI
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Segmentation of Licorice Extract Powder Market-

Licorice Extract Powder Market- By Form

  • Powder
  • Liquid

Licorice Extract Powder Market Segmentation Analysis

Licorice Extract Powder Market-By Application

  • Pharmaceuticals
  • Food and Beverages
  • Cosmetics and Personal Care
  • Others

Licorice Extract Powder Market-By Sales Channel

  • Direct Sales/B2B
  • Online
  • Retail

Licorice Extract Powder Market-By Region

North America-

  • The US
  • Canada

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Mexico
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Licorice Extract Powder Market Snapshot

Chapter 4. Global Licorice Extract Powder Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2026 to 2035
4.8. Competitive Landscape & Market Share Analysis, By Key Player (2025 to 2035)
4.9. Use/impact of AI on Licorice Extract Powder Market Trends
4.10. Global Licorice Extract Powder Market Penetration & Growth Prospect Mapping (US$ Mn), 2022 to 2035

Chapter 5. Licorice Extract Powder Market Segmentation 1: By Application, Estimates & Trend Analysis
5.1. Market Share by Application, 2025  &  2035
5.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2022  to  2035 for the following Application:

5.2.1. Food and Beverages
5.2.2. Pharmaceuticals
5.2.3. Cosmetics and Personal Care

Chapter 6. Licorice Extract Powder Market Segmentation 2: Form, Estimates & Trend Analysis
6.1. Market Share by Form, 2025  &  2035
6.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2022  to  2035 for the following Form:

6.2.1. Powder
6.2.2. Liquid

Chapter 7. Licorice Extract Powder Market Segmentation 3: By Distribution Channel, Estimates & Trend Analysis
7.1. Market Share by Distribution Channel, 2025  &  2035
7.2. Market Size Revenue (US$ Million) & Forecasts and Trend Analyses, 2022  to  2035 for the following Distribution Channel:

7.2.1. Direct Sales/B2B
7.2.2. Online Retail
7.2.3. Brick-and-Mortar Retail

Chapter 8. Licorice Extract Powder Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. Global Licorice Extract Powder Market, Regional Snapshot 2022  -  2035
8.2. North America

8.2.1. North America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Country, 2022  -  2035

8.2.1.1. US
8.2.1.2. Canada

8.2.2. North America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022  -  2035
8.2.3. North America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022  -  2035
8.2.4. North America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022  -  2035

8.3. Europe

8.3.1. Europe Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Country, 2022  -  2035

8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe

8.3.2. Europe Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022  -  2035
8.3.3. Europe Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022  -  2035
8.3.4. Europe Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022  -  2035

8.4. Asia Pacific

8.4.1. Asia Pacific Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Country, 2022  -  2035

8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific

8.4.2. Asia Pacific Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022  -  2035
8.4.3. Asia Pacific Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022  -  2035
8.4.4. Asia Pacific Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022  -  2035

8.5. Latin America

8.5.1. Latin America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Country, 2022  -  2035

8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America

8.5.2. Latin America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022  -  2035
8.5.3. Latin America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022  -  2035
8.5.4. Latin America Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022  -  2035

8.6. Middle East & Africa

8.6.1. Middle East & Africa Wind Turbine Rotor Blade Market Revenue (US$ Million) Estimates and Forecasts by country, 2022  -  2035

8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa

8.6.2. Middle East & Africa Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022  -  2035
8.6.3. Middle East & Africa Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Form, 2022  -  2035
8.6.4. Middle East & Africa Licorice Extract Powder Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022  -  2035

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles

9.2.1. Norevo GmbH (Germany)

9.2.1.1. Business Overview
9.2.1.2. Key Application/Service Overview
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy

9.2.2. FC Licorice Ltd. (Israel)
9.2.3. MAFCO Worldwide LLC (USA)
9.2.4. Sepidan Osareh Jonoob Co. (Iran)
9.2.5. Zagros Licorice Co. (Iran)
9.2.6. VPL Chemicals Pvt. Ltd. (India)
9.2.7. Aushadhi Herbal (India)
9.2.8. Maruzen Pharmaceuticals Co. Ltd. (Japan)
9.2.9. Nutra Green Biotechnology Co., Ltd. (China)
9.2.10. Ransom Naturals Ltd. (UK)

Research Design and Approach

This study employed a multi-step, mixed-method research approach that integrates:

  • Secondary research
  • Primary research
  • Data triangulation
  • Hybrid top-down and bottom-up modelling
  • Forecasting and scenario analysis

This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.

Secondary Research

Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.

Sources Consulted

Secondary data for the market study was gathered from multiple credible sources, including:

  • Government databases, regulatory bodies, and public institutions
  • International organizations (WHO, OECD, IMF, World Bank, etc.)
  • Commercial and paid databases
  • Industry associations, trade publications, and technical journals
  • Company annual reports, investor presentations, press releases, and SEC filings
  • Academic research papers, patents, and scientific literature
  • Previous market research publications and syndicated reports

These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.

Secondary Research

Primary Research

Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.

Stakeholders Interviewed

Primary interviews for this study involved:

  • Manufacturers and suppliers in the market value chain
  • Distributors, channel partners, and integrators
  • End-users / customers (e.g., hospitals, labs, enterprises, consumers, etc., depending on the market)
  • Industry experts, technology specialists, consultants, and regulatory professionals
  • Senior executives (CEOs, CTOs, VPs, Directors) and product managers

Interview Process

Interviews were conducted via:

  • Structured and semi-structured questionnaires
  • Telephonic and video interactions
  • Email correspondences
  • Expert consultation sessions

Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.

Data Processing, Normalization, and Validation

All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.

The data validation process included:

  • Standardization of units (currency conversions, volume units, inflation adjustments)
  • Cross-verification of data points across multiple secondary sources
  • Normalization of inconsistent datasets
  • Identification and resolution of data gaps
  • Outlier detection and removal through algorithmic and manual checks
  • Plausibility and coherence checks across segments and geographies

This ensured that the dataset used for modelling was clean, robust, and reliable.

Market Size Estimation and Data Triangulation

Bottom-Up Approach

The bottom-up approach involved aggregating segment-level data, such as:

  • Company revenues
  • Product-level sales
  • Installed base/usage volumes
  • Adoption and penetration rates
  • Pricing analysis

This method was primarily used when detailed micro-level market data were available.

Bottom Up Approach

Top-Down Approach

The top-down approach used macro-level indicators:

  • Parent market benchmarks
  • Global/regional industry trends
  • Economic indicators (GDP, demographics, spending patterns)
  • Penetration and usage ratios

This approach was used for segments where granular data were limited or inconsistent.

Hybrid Triangulation Approach

To ensure accuracy, a triangulated hybrid model was used. This included:

  • Reconciling top-down and bottom-up estimates
  • Cross-checking revenues, volumes, and pricing assumptions
  • Incorporating expert insights to validate segment splits and adoption rates

This multi-angle validation yielded the final market size.

Forecasting Framework and Scenario Modelling

Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.

Forecasting Methods

  • Time-series modelling
  • S-curve and diffusion models (for emerging technologies)
  • Driver-based forecasting (GDP, disposable income, adoption rates, regulatory changes)
  • Price elasticity models
  • Market maturity and lifecycle-based projections

Scenario Analysis

Given inherent uncertainties, three scenarios were constructed:

  • Base-Case Scenario: Expected trajectory under current conditions
  • Optimistic Scenario: High adoption, favourable regulation, strong economic tailwinds
  • Conservative Scenario: Slow adoption, regulatory delays, economic constraints

Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.

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Frequently Asked Questions

Licorice Extract Powder Market Size Was valued at USD 2.16 Bn in 2025 and is predicted to reach USD 4.61 Bn by 2035 .

Licorice Extract Powder Market is expected to grow at a 8.0% CAGR during the forecast period for 2026-2035.

Zagros Licorice Co., VPL Chemicals Pvt. Ltd., Maruzen Pharmaceuticals Co. Ltd., Norevo GmbH, FC Licorice Ltd., Aushadhi Herbal, Nutra Green Biotechnol

licorice extract powder market is segmented based on application and sales channel, on application, the market is segmented into pharmaceuticals, food and beverages, cosmetics and personal care, others.

North America region is leading the Licorice Extract Powder Market.

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