"Being a reliable source of market research information, Licorice Root Market reports expand the reach of business success. This market analysis provides knowledge about various segments that are relied upon to observe the fastest business development within the framework of forecast estimates. By thinking from the end user's point of view, a team of researchers, forecasters, analysts and industry experts worked meticulously to formulate this market research report. The use of proven tools such as SWOT analysis and Porter's Five Forces analysis is very useful in creating a superior Licorice Root Market report.
The worldwide Licorice Root Market business report examines the market by region, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing on the leading manufacturers in the global market, with respect to production, price, revenue and market share for every manufacturer. This is useful for knowing the general conditions prevailing in the market, the market and competitors' pricing strategies. Some of the prominent features used while creating this market research report include the highest level of passion, practical solutions, committed research and analysis, modernism, integrated approach, and latest technology. To get detailed Licorice Root Market reports, request an analyst call or submit an inquiry any time.
Global Licorice Root Market was valued at USD 0.98 billion in 2021 and is expected to reach USD 1.54 billion by 2029, registering a CAGR of 5.90% during the forecast period of 2022-2029.
Explore Further Details about This Research Licorice Root Market Report https://www.databridgemarketresearch.com/reports/global-licorice-root-market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2019 - 2014) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Product Form (Roots and Extracts), Product Type (Essential Oils, Liquid Malt Extract, Oleoresins, Herbs and Spices Dry Malt Extract, and Malt Flour), Function Type (Performance Enhancers and Palatability Enhancers), Grade Type (Standard Malt, Caramelized Malt, and Roasted Malt), Raw Material Type (Maize, Barley, Wheat, Rice, Rye, and Oat), Ingredient Type (Lipids, Protein, Polysaccharide, and Others), End User (Food and Beverage Industry, Tobacco Industry, Pharmaceutical Industry, Cosmetic Industry, and Dietary Supplement) |
Countries Covered | U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA) |
Market Players Covered | Iran Medical Herb. (Iran), Fanavaran-e-Tosee Sanat-e-Gharb (Iran), Glycyrrhiza Glabra Co, Ltd. (Eurasia), Naturex SA (France), NOREVO (Germany), Green Agro Invest LLC (Uzbekistan), Hepner & Eschenbrenner GmbH & Co. KG (Germany), MARUZEN PHARMACEUTICALS CO., LTD. (Japan), Nutra Green Biotechnology Co., Ltd. (China), among others |
Market Opportunities |
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Licorice Root Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Use in Food and Beverage Sector
The increase in the use of the licorice root in the food and beverage sector, such as sweetener for candy acts as one of the major factors driving the growth of licorice root market.
- Pharmaceutical Sector
The surge in demand from pharmaceutical sector for medicinal preparation related to treatment of cough and asthma accelerate the market growth.
- Preference for Healthy Tea
The rise in the preference for healthy tea among consumers changing the manufacturing approach in production of herbal tea further influence the market.
Opportunities
Furthermore, expanding inclination of tobacco division towards evolving of sugary and flavoured smoke articles, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, widespread utilization in confectionary and bakery will further expand the market.
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Licorice Root Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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