Licorice Extract Market Forecast

Licorice Extract Market

Global Licorice Extract Market Insights, Competitive Landscape, and Market Forecast 2033

Published Date: Jun 2026 | Format: | No. of Pages: 231

Industry: Food & Beverage | Author Name: Sayali

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FAQ : Licorice Extract Market

The licorice extract market is valued at US$ 1,009.80 Million in 2026 and is projected to reach US$ 1,558.93 Million by 2033, growing at a 6.4% CAGR.

Market growth is driven by expanding pharmaceutical use of glycyrrhizin and rising demand for natural sweeteners in clean-label food products.

Food Grade leads with a 46.8% market share due to strong demand from confectionery, bakery, and beverage applications.

Asia Pacific dominates with a 38.6% share, supported by China's large-scale production infrastructure and Japan's pharmaceutical demand.

The biggest opportunity lies in high-value dual-certified cosmetic and pharmaceutical glabridin extracts, driven by limited qualified suppliers.